Randall Cecola currently has managerial control over all operations at Triumph Packaging Group Inc., the most comprehensive packaging solutions company in America. In addition to distributing foldable food cartons and paper products for the cosmetics and personal care industries, Randy Cecola and Triumph Packaging offer elite merchandising methods that help in effectively developing new brands, product extensions, and marketing platforms. Randall Cecola studied industrial management and engineering at Purdue University.
As national regulators encourage banks to refrain from making investments in distressed properties and businesses, hedge funds have started to adopt the practice. Distressed companies are those that have already accumulated an extensive amount of debt or declared for bankruptcy. These businesses can be saved by investors who restructure the financial structure of the company and help it to become profitable.
Banks are regulated in how much they can invest, and so there is a risk that they might not be able to make the distressed assets profitable again. Without capital limitations to answer to, hedge funds and other private investors can commit the necessary resources to turning a struggling business around.