PROFESSIONALS OF “TROUBLED investing” are a unique Wall Street type: bottom-fishers with metal constitutions and a penchant for rushing into fire product product product sales. Like short-sellers, they are generally despised since they prey in the weak–companies and folks whom made bad wagers or got in over their minds. “troubled investor” is really a sanitized type of less flattering terms from bygone Wall Street eras: vultures, grave dancers, robber barons.
One of the robber barons for the millennium that is new few are since secretive–or as loathed or as successful–as John Grayken of Lone Star Funds. The 59-year-old debuts in the FORBES Billionaires list with a web worth of $6.3 billion, making him the second-wealthiest personal equity supervisor on the planet, behind Blackstone’s Stephen Schwarzman.