is a New York-based registered investment adviser founded in 2003. The firm manages private investment funds across the credit, special situations and illiquid investment markets of North America and Europe using an active long and short basis, with particular focus on defaulted and leveraged issuers. Soo Kim is a Portfolio Manager, Co-head CLO/CDO at Anchorage Capital Group L.L.C. The co-founder of what was once among the worlds biggest distressed-debt hedge funds said hes closing the flagship vehicle and ceding his day-to-day role as chief executive officer, after years of client withdrawals and uncooperative markets. Ulrichs expertise and skill are evident in everything from managing portfolios to navigating risk; from distributing assets to determining investment strategies. He will oversee a team of around six people, including Richard Aubrey, head of credit research.. Before co-launching Anchorage, Ulrich worked at Goldman Sachs in several roles including Managing Director, Head of Distressed Bank Loans, and Global Head of Bank Loan Trading. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. You may cancel your subscription at anytime by calling Why Lori Lightfoot Is the First Chicago Mayor to Lose in 40 Years, More Younger People Are Getting Colorectal Cancers, and Doctors Dont Know Why, The Airline Experiment to Make Boarding Less Awful, Long-Robust U.S. Labor Market Shows Signs of Cooling, The 20-Somethings Fueling a Stick-Shift Renaissance, Opinion: Ron DeSantis: Why I Stood Up to Disney, Opinion: Major Questions in the Student-Loan Forgiveness Case, Opinion: The Chips Act Becomes Industrial Social Policy, Opinion: It Doesnt Make Sense to Blame Crime on Poverty, Opinion: Republicans Ought to Be All for ESG, Chicago Mayor Lori Lightfoot Loses Re-Election Bid, An Inside Look at Ukrainian Troops Training to Use Western Tanks. Anchorage Capital Group, L.L.C. Company profile page for Anchorage Capital Group LLC including stock price, company news, press releases, executives, board members, and contact information [19] On October 2017, Barber received a contract renewal for 5 years until 2022. Already a member? Kevin Ulrich Scored a $2 Billion MGM Win. Anchorage Capital Group serves clients in North America and Europe. Anchorage Capital Group (Anchorage) is an American hedge fund based in New York City. Bloomberg Surveillance: Early Edition with Anna Edwards, Matt Miller & Kailey Leinz live from London, Berlin and New York, bringing insight on global markets and the top business stories of the day. 610 Broadway 6th Floor New York, NY 10012 United States Phone: 212-432-4600 Fax: 212-432-4601 Website: http://www.anchoragecap.com Overview of Anchorage Capital Group Org. Bus, M. App. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Kevin Ulrich relinquishes CEO role to become firms chairman, The closure is one of the biggest among hedge funds this year, Photographer: Rodin Eckenroth/Getty Images. 2023 PitchBook. It is Ulrichs capable leadership and knowledge which have brought Anchorage to the forefront of the industry. It Only Took a Decade. San Francisco Bay Area, Silicon Valley), Total number of current Jobs the person has, Organization Name: This is the name of the organization, Title At Company: Title of a Person's Job, Start Date: Start date of the Person's Job, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Number of news articles that reference the Person, Managing Director, Head of Distressed Bank Loans, and Global Head of Bank Loan Trading, King's University College (University of Western Ontario), Kevin Ulrich transitions from CEO to Chairman at Anchorage Capital Group, Luca Guadagnino and Timothee Chalamets New Film Bones and All Lands at MGM, Anchorage Capital Closing Its $7 Billion Hedge Fund, Anchorage Capital Group closing down $7.4 billion flagship fund, Anchorage Capital is said to shut down $7.4B hedge fund (update), Kevin Ulrich Scored a $2 Billion MGM Win. [2][3][4][5][6], Anchorage was founded in 2003 by Kevin Ulrich and Tony Davis. Dec 15 (Reuters) - Hedge fund Anchorage Capital Group is closing its flagship fund after 18 years and returning the $7.4 billion it manages to clients, the Wall Street Journal reported on. [2][3][4][10], At the same time, co-founder Ulrich also announced he would be stepping down from his role as CEO to move to a new role as Chairman. What Now for a Fed That Has Fallen Behind theCurve Again? is a New York -based registered investment adviser founded in 2003. [2][11][12] [2] [3] [4] [5] [6] Background [ edit] Anchorage was founded in 2003 by Kevin Ulrich and Tony Davis. Anchorage and other members of an ad hoc committee were represented by Milbank LLP as legal counsel and PJT Partners LP as investment banker. Anchorage Capital Group. Anchorage Capital Group, one of the biggest hedge-fund investors in distressed debt, is closing its flagship fund after 18 years and returning the $7.4 billion it manages to clients, citing a market environment in which cheap money has helped keep stock and bond prices elevated while suppressing corporate defaults. Fri 29 Apr, 2022 - 12:43 PM ET. Crew Group with a $400 million exit term loan due 2027 to support the . They wondered whether the hedge fund had sunk and kept more than $1 billion in MGM Holdings. [2][4][22][23], In 2013, BNP Paribas sued Anchorage Capital after it agreed to purchase $60 million worth of debt from Irish Bank Resolution Corporation and then failed to pay. Since 2010, Ulrich has been the director of MGM where he is also Chairman of the Board. For more information visit jcrew.com, madewell.com and jcrewfactory.com. Executive Summary. We are dedicated to providing a platform for sharing expertise among Korean financial professionals as well as educational and career programs for young Korean financial professionals and college students to maximize their opportunities for career success. You will be charged Filmed at key heritage sites all across Hong Kong, including Tai Kwun, Tang Tsing Lok Ancestral Hall and Kowloon Walled City Park, this documentary showcases Hong Kong's multicultural history. Zippia gives an in-depth look into the details of Anchorage Capital Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Anchorage Capital Group. . served as joint lead arrangers and joint bookrunners for the new ABL credit facility. BofA Securities, Inc., JPMorgan Chase Bank, N.A., and MUFG Union Bank, N.A. In addition, the Company has access to a new $400 million ABL credit facility due 2025 agented by Bank of America, N.A. Anchorage manages over $15 billion across several credit-oriented products. Anchorage Capital Group is a hedge fund manager based in New York, United States. D . The Company manages private investment funds across the credit, special situations, and illiquid investment markets. Anchorage Capital Group, L.L.C. The employee data is based on information from people who have self-reported their past or current employments at Anchorage Capital Group. The firm is known as one of the world's most prominent vulture funds, funds that invest in distressed securities. Anchorage Capital Group, one of the biggest hedge-fund investors in distressed debt, is closing its flagship fund after 18 years and returning the $7.4bn it manages to clients, citing a market environment in which cheap money has helped keep stock and bond prices elevated while suppressing corporate defaults. policy making decisions. Council members work closely with Robin Hood's board and staff to spread awareness and broaden our poverty-fighting resources. The data presented on this page does not represent the view of Anchorage Capital Group and its employees or that of Zippia. Anchorage Illiquid Opportunities Offshore Master Lp, Anchorage Illiquid Opportunities Offshore Master Ii Lp, Anchorage Illiquid Opportunities Offshore Master Iii Lp, Anchorage Illiquid Opportunities Offshore Master Iv Lp, Anchorage Illiquid Opportunities Offshore Master V Lp, Download the US Hedge Fund List in .xls format, Blue Sky Digital Outdoor Advertising Fund Fund Data, Sarasin Ie Global Equity Opportunities (Usd) Fund Data, Themelios Ventures Ii-A, L.P. Fund Data, Chief Executive Officer And Senior Portfolio Manager. Cision Distribution 888-776-0942 Kevin Ulrich, CEO Anthony Davis, President. 610 Broadway6th Floor New York, NY 10012 United States, Phone: 212-432-4600 Fax: 212-432-4601 Website: http://www.anchoragecap.com, Strategies/Sectors: Credit Event Driven Long/Short, Private Funds Managed(23): Anchorage Illiquid Opportunities Offshore Master Lp, Aio Iii Aiv Lp , Aio Iv Aiv Trust , Aio Iv Aiv Lp , Aio V Aiv Lp , Anchorage Capital Master Offshore Ltd , Anchorage Illiquid Opportunities Offshore Master Ii Lp , Anchorage Illiquid Opportunities Offshore Master Iii Lp , Anchorage Illiquid Opportunities Offshore Master Iv Lp , Anchorage Illiquid Opportunities Offshore Master V Lp , Anchorage Capital Clo 2012 1 Ltd , Anchorage Capital Clo 2013 1 Ltd , Anchorage Capital Clo 3 Ltd , Anchorage Capital Clo 4 Ltd , Anchorage Capital Clo 5 Ltd , Anchorage Capital Clo 6 Ltd , Anchorage Capital Clo 7 Ltd , Anchorage Capital Clo 8 Ltd , Anchorage Capital Clo 9 Ltd , Anchorage Credit Funding 1 Ltd , Anchorage Credit Funding 2 Ltd , Anchorage Credit Funding 3 Ltd , Anchorage Credit Funding 4 Ltd, Rank: 130 out of 3271 hedge fund management companies, Rank: 138 out of 3271 hedge fund management companies, Rank: 628 out of 3271 hedge fund management companies, Rank: 229 out of 3271 hedge fund management companies, Rank: 120 out of 3271 hedge fund management companies, Rank: 90 out of 3271 hedge fund management companies. is a New York-based registered investment adviser founded in 2003. Other Fund Details for Anchorage Capital Group. Fin, CPA, Callen O'Brien#Managing Partner#B. We'll assume you're ok with this, but you can opt-out if you wish. Europe, Menlo Park, China), Where the person is located (e.g. NEW YORK, Nov. 15, 2016 /PRNewswire/ -- Anchorage Capital Group and Littlejohn & Co., LLC, in partnership with other shareholders, today announced that they have completed the sale of Contech . Columbia University in the City of New York About I am a Computer Science student at Columbia University pursuing a Master's Degree. Get the full list, Morningstar Institutional Equity Research. OCC veteran joins America's first federally-chartered digital asset bank. [2] During the period Anchorage held MGM Studios, it had to fight off efforts by activist shareholder, Carl Icahn to take control of MGM studios. In 2003, he co-founded Anchorage Capital Group in New York; he currently serves as the CEO and Senior Portfolio Manager of the firm. Weil, Gotshal & Manges LLP served as legal counsel, Lazard served as investment banker, and AlixPartners, LLP served as restructuring advisor to J.Crew Group. Approximately $12.2 billion of this AUM is managed through evergreen and drawdown funds, which consist primarily of . Crew Group, SFNet Annual Convention 2021 COVID Statement, SFNet Hall of Fame Lifetime Achievement Awards 2022, SFNet's Women in Secured Finance Conference, SFNet Emerging Leaders Summit (YoPro Leadership Summit), Diversity, Equity and Inclusion Committee, SFNet International Finance & Development Committee, Member Search: SFNet Annual Member Pricing, Georgia, Illinois, Kansas and Mississippi Latest States to Push for Commercial Finance Disclosures, Blackstone Launches Sustainable Resources Credit Platform, MetLife Investment Management to Acquire Alternative Investment Firm Raven Capital Management, Avaya Takes Action to Accelerate Transformation and Fortify Capital Structure. 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