CMR 0.00% 15.0¢ compass resources limited

But waits there...

  1. 139 Posts.
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    But waits there more...
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    http://www.thestreet.com/story/10284937/1/death-spiral-convertible-just-refuses-to-die.html
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    Death Spiral Convertible Just Refuses to Die

    The "death spiral convertible" might sound like your last car, but it's a bond -- and it's making an unlikely comeback on Wall Street.

    So far, two hedge funds are leading the way in investing in death spiral deals. Over the past 12 months, Cornell Capital Partners has emerged as the top investor in death spiral transactions, sinking $175 million into 42 deals. In second place is NIR Group, which has invested $77 million in 40 transactions.

    No other hedge fund comes close to Cornell Capital or NIR, says Robert Kyle, executive vice president of Sagient Research, the parent company of PlacementTracker.

    Mark Angelo, the founder and president of Cornell Capital, a $500 million fund located in Jersey City, N.J., declined to comment.

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    OK thats enough. You get the idea. Its just so easy once you start digging for information on these guys. Its everywhere...



 
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