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Damsel in Distressed

My Life in the Golden Age of Hedge Funds

The hedge fund industry is a boys’ club, with hardly any female success stories to turn to. Damsel in Distressed is one of those rare, humorous, and inspiring stories.

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.

“A funny account of the inner workings of the hedge fund industry from a unique female voice, helpful to both asset management practitioners and aspiring investment professionals.” —Simon Lack, author of The Hedge Fund Mirage

“Dominique Mielle delivers a witty and inspiring must-read primer on hedge funds. To any woman considering a finance career, and to anyone invested or interested in hedge funds…read this book.” —Mariam Naficy, founder and CEO of Minted, author of The Fast Track: The Insider’s Guide to Winning Jobs in Management Consulting, Investment Banking, & Securities Trading

One of the only senior women in the hedge fund business, Dominique Mielle spent twenty years as a partner and senior portfolio manager at Canyon Capital, a $25 billion fund. In 2017, she was named one of the “Top 50 Women in Hedge Funds” by Ernst & Young.