My Life in the Golden Age of Hedge Funds
In 1998, Dominique Mielle joined Canyon Partners—a small, little-known hedge fund. The job was trading distressed securities and high yield bonds, known back then, respectively, as vulture investing and junk bonds. Over the span of two decades, she rose to the top of the firm as the only female partner and senior portfolio manager—in what became one of the largest hedge funds in the U.S. Damsel in Distressed explores the innerworkings of hedge funds while exposing what it takes to succeed as a woman investor. “Damsel in Distressed is an often-hilarious romp through the jungles of high finance...I suspect it will become a classic of the genre.” —Wall Street Journal
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This book provides a comprehensive overview of the distressed debt market, from its history to its current state. The author's insights into the market are valuable, and her stories about her career are engaging. However, at times the author's tone can be arrogant and condescending. Overall, I would recommend this book to anyone interested in learning more about the recent history distressed debt market.