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What is a vulture fund ?

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Danielle
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vulture fund, is a hedge fund or private equity fund that invests in debt considered to be very weak or in imminent default, known as distressed securities.[1] Investors in the fund profit by buying debt at a discounted price on a secondary market and then suing the debtor for a larger amount than the purchasing price. Debtors can include companies, countries, or individuals.
reference: http://en.wikipedia.org/wiki/Distressed_securities_fund
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