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Acknowledgments
ОглавлениеAlthough this book lists me as the author, it was shaped by the contributions of many friends and colleagues. First, I would like to thank Sean O'Keefe, my research assistant. Sean scrutinized every draft, created insightful charts and analyses, and tracked down permissions. I couldn't imagine finishing this book without his tremendous effort. I would also like to thank all my colleagues at Wasserstein & Co., who have been generous with their time. Ellis Jones, Chairman of Wasserstein & Co., is one of the kindest and most thoughtful investors I've met in my career. Ellis offered several insights based on his experience that helped improve the book's contents. My team at Wasserstein Debt Opportunities, especially Alex Kelsey and Beth Gardiner, also reviewed and helped improve drafts. I am grateful for their support.
Over the years, I've worked with some bright professionals who took an interest in my growth. At Goldman Sachs, Melina Higgins was a mentor and gave me numerous opportunities to learn about high yield. At Apollo Management, my friend and colleague Bruce Spector taught me about restructurings while working together on difficult situations. I feel lucky to have had such good teachers including my cousin Anup Bagaria and my friend and legal advisor Emil Buchman. Anup, a Co-Managing Partner of Wasserstein & Co., has been my biggest supporter and played a role in almost every step of my career. I could not have come this far without him. Emil, a corporate law partner at Fried Frank, taught me everything I know about high yield legal considerations. We have been working on deals together since 2000. Emil is a meaningful contributor to this book.
There are several people I would like to thank for their time. Barry Delman, a Managing Director from Bank of Nova Scotia, offered numerous insights on total return swaps, an obscure area of the market. Jessica Forbes, a corporate law partner from Fried Frank, reviewed and thoughtfully commented on Chapters 9 and 10. Marc Auerbach from S&P Capital IQ LCD helped provide much of the data used throughout this book to elucidate concepts. Ed Boll and Bill Visconto provided valuable insights on asset class performance. My writer friends, Peter Stevenson and Sarah Dunn, were also helpful advisors to this first-time author. I miss our days commuting and writing on the train together. My other friends, including Tracey Bernstein, Alex Tripp, Elliott Sumers, Scott Jarrell and Maria Stein-Marrison, have patiently listened to more about high yield than they ever cared to know. Although we decided against calling this book “Junkanomics,” I am nonetheless grateful for Radley Horton's creativity and friendship. I am also grateful for my brother, Sanjay, and my parents, Om and Chandra, for providing me with love and encouragement to pursue life to its fullest. Last, I want to thank my editor, Thomas Hyrkiel, and the team at Wiley, for their many contributions.
My deepest gratitude is to my wife, Rajni, and our children, Arjun and Amalie. My family encouraged me to pursue this idea despite its cost to them. I am forever grateful for their love and support. Rajni filled all the gaps in our household I created and patiently reviewed drafts of chapters, offering thoughtful feedback along the way. She is one of the smartest and most fun people I know. I could not imagine my life without her and our amazing kids, who in their natural way inspire me to be a better person. For that, I dedicate this book to my family.