The Aftermath of Investment-Grade Distress
Ariel Edelstein and Bruce D. Phelps
The Journal of Portfolio Management Fall 2012, 39 (1) 30-45; DOI: https://doi.org/10.3905/jpm.2012.39.1.030
Ariel Edelstein
is a former vice president of Barclays Capital Inc. in New York, NY.
Bruce D. Phelps
is managing director of Barclays Capital Inc. in New York, NY.
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The Aftermath of Investment-Grade Distress
Ariel Edelstein, Bruce D. Phelps
The Journal of Portfolio Management Oct 2012, 39 (1) 30-45; DOI: 10.3905/jpm.2012.39.1.030
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- Article
- Abstract
- DEFINING “DISTRESSED”
- CONSTRUCTING THE DIG DATA SET
- DIG BOND CHARACTERISTICS
- MEASURING THE PERFORMANCE OF DIG BONDS
- DIG PERFORMANCE AT BOND LEVEL
- VARIATION IN DIG BOND PERFORMANCE
- PERFORMANCE AT THE ISSUER LEVEL
- THE DEGREE OF INITIAL DISTRESS AND RECOVERY
- INCORPORATING TRANSACTIONS COST
- INVESTING IN DIG BONDS AS A STRATEGY
- DIG STRATEGY PERFORMANCE
- UNDERSTANDING DIG STRATEGY OUTPERFORMANCE
- IMPLEMENTING A DIG STRATEGY
- SUMMARY
- ENDNOTES
- REFERENCES
- Info & Metrics
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