vulture fund

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Tags: finance

A pool of investment money used to purchase distressed financial assets or real estate at bargain prices. Vulture funds are relatively risky but offer large potential profits. The performance of a vulture fund is dependent upon the skill of the fund’s managers in identifying and purchasing undervalued assets that can be turned into profitable investments.
(source: http://financial-dictionary.thefreedictionary.com/Vulture+Fund)

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