Hints and tips:
...Those holdings, which also include stakes in half a dozen GoldenTree funds, reflect the firm’s position as one of the leading bond and distressed debt specialists in the US, an influential creditor in the...
...Fox’s $70mn was followed by Disney in 2015 with a $200mn stake it quickly doubled....
...The group took its biggest swing in 2015 when Albertsons swallowed supermarket chain Safeway and its 1,325 stores for nearly $10bn....
...Mr Ostrover left in 2015 and has since formed Owl Rock alongside former dealmakers from investment bank Goldman and rival private equity firm KKR....
...equity group had such a reputation for playing rough with creditors of its portfolio companies, that it began to worry that traditional debt buyers would be wary of financing its future buyouts and in 2015...
...Matt Rodrigue of Miller Buckfire & Co, financial adviser to Monarch Alternative Capital, GoldenTree Asset Management and other hedge funds involved in a separate group for owners of debt issued prior to...
...It has been a year that most US distressed hedge funds would love to forget....
...Mr Goodman negotiated a new pay package with Blackstone last year, which provided faster vesting of a $200m share award dating from 2015....
...managers who cannot participate in distressed situations....
...The famed distressed debt hedge fund founded by Mark Brodsky had sued Windstream Holdings, accusing the Arkansas telco of a 2015 corporate restructuring that violated a bond indenture covenant....
...Distressed debt investing has become a much harder game in a world of low interest rates and few corporate bankruptcies....
...A lawyer-turned-distressed debt investor made his name in the 1990s at Elliott Management, when the New York hedge fund partnered with Aurelius in a decade-long tussle with Argentina over its defaulted debt...
...In 2015 Oaktree raised about $12bn for its distressed-debt fund. It was the second-largest amount in its history....
...The suit was brought by Aurelius Capital Management, the famous distressed debt hedge fund known for tangling with the government of Argentina....
...Lawyers and analysts say that the benign US economy and low corporate default rate means distressed debt funds, which normally invest in troubled companies, are looking at otherwise healthy companies to...
...Two years later there was the lofty takeover by Apollo and TPG of Las Vegas casino group Caesars, which declared bankruptcy in 2015, weighed down by $18bn debt....
...Mr Shah says he left to set up his own hedge fund in London to focus on smaller distressed debt opportunities. His new fund, Kyma Capital, is in the early stages of fundraising....
...Private equity group Cerberus Capital Management and credit fund GoldenTree are expected to raise about €1bn selling a minority stake in the Vienna-headquartered bank, which is Austria’s third largest by...
...Ms Flynn’s mortgage, along with thousands of others, was later sold to a so-called vulture fund, an asset manager that specialises in buying distressed debt....
...Mr Singer’s long-time deputy, he was promoted to co-CEO in late 2015. Earlier this month, the fund named Jesse Cohn and Steve Cohen equity partners, bringing the partnership to seven people....
...It now manages $35bn, across 70 funds with strategies including direct lending, energy mezzanine, collateralised loan obligations, and distressed debt....
...However, the Mudrick Distressed Opportunity Fund has experienced volatile performance: it dropped 25.9 per cent in 2015 and another 8.4 per cent through February 12, hurt by soured bets including on oil...
...Timing is everything for investing, as specialist distressed debt fund managers will attest....
...It did not include the value of distressed bond exchanges or reflect coupon payments made on the debt....
...Now, Blackstone manages almost $300bn in assets, employing a diverse range of investment funds across private equity, credit, real estate and hedge funds....
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