42 2015 Capital:. Anchorage Capital Group may also be known as or be related to Anchorage Capital Group, Anchorage Capital Group L.L.C., Anchorage Capital Group, L.L.C., Anchorage Capital Group, L.l.c. [18], One of the most notable deals that Anchorage was involved in was investing $500 million in MGM Studios in 2010 to bring it out of bankruptcy. . 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. Bus, GradDipCA, Jasmine Wang#Associate Director#B.Comm / LLB, MBA, Bernadette Abood#Financial Controller#B. J.Crew Group is an internationally recognized omnichannel retailer of women's, men's, and children's apparel, shoes, and accessories. Anchorage announced in December that it was closing its $7.4bn flagship credit hedge fund, ACP Capital, after 18 years and returning the capital to its backers. Kevin Ulrich is its Chief Executive Officer. As an manager and administrator at Anchorage, Ulrich is involved in the firm's day-to-day as well as the . [20][19], On May 4, 2020, J.Crew announced that it would apply for bankruptcy protection amidst the COVID-19 pandemic. Get the full list, Morningstar Institutional Equity Research. is a New York-based registered investment adviser founded in 2003. Mr. Eich has been with Covia and its predecessor . operates as an investment advisory firm. He will oversee a team of around six people, including Richard Aubrey, head of credit research.. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. The Good and the Bad From the Factory Floor, Critics of Bidens Antitrust Push Target FTCs Lina Khan, FBI Documents Show Leonardo DiCaprio, Kim Kardashian Grilled for 1MDB Secrets, Subaru, Nintendo Step Up for LGBTQ Workers in Conservative Japan, Record Number of Singapores New Director Roles Filled by Women, UK Mothers Say It No Longer Makes Financial Sense to Work, Transcript Zero Episode 29: Turning Climate Risks Into Golden Opportunities, Pain in the Butt: Study Finds Forever Chemicals in Toilet Paper, The 15-Minute City Freakout Is a Case Study in Conspiracy Paranoia, Another Blow to City Centers: Retail Stores Move Outward, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm. We look forward to working with Jan, Libby, and the entire leadership team.". Since 2010, Ulrich has been the director of MGM where he is also Chairman of the Board. and is based in New York City, New York. [10][19] Gary Barber was brought in by Ulrich to become CEO in 2010 but a rift between the two grew. The firm is known as one of the world's most prominent vulture funds, funds that invest in distressed securities. They were rewarded with the. Customer Service. 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. ", "We are energized by the opportunity ahead for the Madewell brand and ready to continue our momentum as we enter into a new phase of growth," said Libby Wadle, Chief Executive Officer of Madewell. Anchorage Capital Group has 171 employees, of which 4 are in a leadership position. BofA Securities, Inc., JPMorgan Chase Bank, N.A., and MUFG Union Bank, N.A. 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. Its investments include a wide range of both liquid and illiquid assets across companies' capital structures. As of September 10, 2020, the Company operates 170 J.Crew retail stores, 142 Madewell stores, and 170 J.Crew Factory stores in nearly every state in the United States, and also maintains J.Crew, Madewell, and J.Crew Factory websites. 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 a particular focus on defaulted and leveraged issuers. It is Ulrichs capable leadership and knowledge which have brought Anchorage to the forefront of the industry. So It Redesigned Its Iconic Can. Company profile page for Anchorage Capital Group LLC including stock price, company news, press releases, executives, board members, and contact information Tommy Byrne founded Anchorage Capital Group. Ulrichs expertise and skill are evident in everything from managing portfolios to navigating risk; from distributing assets to determining investment strategies. Anchorage didnt give a date by which clients would receive all of their money back from the fund, which holds sizable positions in companies including Hollywood movie studio MGM Holdings Inc. and clothing seller J.Crew Group. As an executive at Anchorage, Ulrich leads all aspects of the firms workfrom portfolio management and risk navigation, to asset distribution and investment determinations. What Now for a Fed That Has Fallen Behind theCurve Again? "Looking forward, our strategy is focused on three core pillars: delivering a focused selection of iconic, timeless products; elevating the brand experience to deepen our relationship with customers; and prioritizing frictionless shopping. You may change your billing preferences at any time in the Customer Center or call served as joint lead arrangers and joint bookrunners for the new ABL credit facility. CHIEF OPERATING OFFICER: direct: 2007-02-01: DEUTSCHE ASSET MANAGEMENT INC [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. For more information visit jcrew.com, madewell.com and jcrewfactory.com. The credit fund, Anchorage Capital Partners, is suspending clients ability to get their money back as it is wound down, the New York firm told clients in a letter Wednesday that was viewed by The Wall Street Journal. Rachel's hire is just the latest sign of what we've made clear since our founding: Anchorage will continue to build our risk and compliance program to meet the high bar set by the OCC as we grow. We'll assume you're ok with this, but you can opt-out if you wish. (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][11][12] Based on our data team's research, Kevin Michael Ulrich is the Anchorage Capital Group's CEO. 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 . (Anchorage) is a New York-based investment adviser founded in 2003. Anchorage founder and CEO Kevin Ulrich said in the letter that the structure of the fund, Anchorage Capital Partners, is poorly suited to take advantage of opportunities in the current market environment. Customer Service. Birrell will serve a two-year term as MFA board chair effective October 1,. It Only Took a Decade", "Amazon Deal for MGM Marks Long-Awaited Win for Hedge Funds", "J.Crew has filed for bankruptcy | CNN Business", "J.Crew emerges from bankruptcy, outlines new strategy", "BNP Paribas wins jurisdictional battle with Anchorage hedge funds", Taxation of private equity and hedge funds, Alternative investment management companies, https://en.wikipedia.org/w/index.php?title=Anchorage_Capital_Group&oldid=1140523845, Financial services companies established in 2003, Investment management companies of the United States, Privately held companies based in New York City, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 20 February 2023, at 13:17. Soo Kim is a Portfolio Manager, Co-head CLO/CDO at Anchorage Capital Group L.L.C. [7][8] Both of them were previously working in the distressed debt business of Goldman Sachs. The employee data is based on information from people who have self-reported their past or current employments at Anchorage Capital Group. Anchorage Capital Group serves clients in North America and Europe. She has worked as Vice President at GOLDMAN SACHS GROUP INC. Soo attended The Wharton School between 2004 and 2006 and Massachusetts Institute of Technology (MIT) between 1997 and 2001. Weil, Gotshal & Manges LLP served as legal counsel, Lazard served as investment banker, and AlixPartners, LLP served as restructuring advisor to J.Crew Group. Anchorage Digital Bank Names Rachel Anderika as New Chief Risk Officer. Type: Limited Liability Company Registration Country: United States 0 SEC#: 801-65582 Org#: 135657 Legal Issues: No legal issues reported D . 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. 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. The firm is known as one of the world's most prominent vulture funds, funds that invest in distressed securities. Council members work closely with Robin Hood's board and staff to spread awareness and broaden our poverty-fighting resources. Hear the latest economic, business and market news, as well as global, national, and local news. Executive Summary. 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. policy making decisions. We look forward to working with Jan, Libby, and the entire leadership team.". To explore Anchorage Capital Groups full profile, request access. Assets Under Management: $27.18 billion. The firm is a known and prominent alternative credit and distressed management provider with international offices and a network of superior professionals. Billionaire Deripaska Warns Russia May Run Out of Money in 2024, Euro-Zone Inflation Barely Slows as Core Gauge Hits Record, Elizabeth Warren Wants Bidens Next Fed Pick to Counter Powells Extreme Rate Hikes, UK Firms See Inflation Pressures Easing, BOE Survey Finds, Why UK Football Teams Cost So Much to Own Right Now, Flutters Exceptional Year for US Gambling: The London Rush, Snowflake Outlook Misses With Cloud Spending Under Pressure, SpaceX Launches Latest International Crew to Space Station, Apple Abruptly Shutters Store in North Carolina After Shootings, FirstRand CEO Slams South Africas Foolhardy Ties With Russia, Teaching Unions Brand Williamson Remarks Contemptible After Whatsapp Leak, Singapore Wealth Firm Sees Rapid Growth Catering to Rich Families, BillionaireFamily Down $730 Million in Brazil Health Providers Stock Rout, Cruise Ships Return to Japan Three Years After Deadly Diamond Princess Outbreak, Singaporeans Snap Up Free Hong Kong Air Tickets Within the Hour, Euro Zone Inflation Means No Rest for the ECB. [2][3][4] The firm would move on to focus more on investments related to structured finance like collateralized loan obligations as well as private credit. Number of Employees: 68. In 2003, he co-founded Anchorage Capital Group in New York; he currently serves as the CEO and Senior Portfolio Manager of the firm. "We will remain focused on maintaining our place as a leader in denim and innovating to create a differentiated shopping experience. Bus, M. App. As of Dec. 31, 2021, Anchorage's total AUM is approximately $31.2 billion. Campbells Soup Sales Were Declining. 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. 1801 New York, NY, 10001 Anchorage Capital Group. Edinburgh Napier University Alumni Founded Companies, University of Canterbury Alumni Founded Companies, Cambridge Judge Business School Alumni Founded Companies, Wharton School of the University of Pennsylvania Alumni Founded Companies, Wayne State University Alumni Founded Companies, Solent University Alumni Founded Companies, University of Pennsylvania Alumni Founded Companies, University of Adelaide Alumni Founded Companies, Syracuse University Alumni Founded Companies, Osmania University Alumni Founded Companies, Total number of current Advisors and Board roles the person has, Number of Organizations that the person founded, The organization associated to the person's primary job, Where the person is located (e.g. Kevin Ulrich is CEO and Senior Portfolio Manager at Anchorage Capital Group, the New York-based firm he co-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 a particular focus on defaulted and leveraged issuers. Columbia University in the City of New York About I am a Computer Science student at Columbia University pursuing a Master's Degree. Anchorage Capital Group / $16.4 billion Location: New York, NY Founded: 2003 2016 Hedge Fund 100 Rank: No. ("Anchorage") has become the majority owner of the Company. Mark Kim is a Vice President at Anchorage . Anchorage Capital Group has 171 employees, of which 4 are in a leadership position. Anchorage Capital Group, L.L.C. . Comm, LLB, Ben Ware#Director Investor Relations,#Fund Operations, Investment Services#B. 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. [2][3] One of the potential factors that led to this apart from the firm's recent performance was the fact that in 2019, Ulrich was sued by a woman accusing him of sexual assault in a Manhattan hotel. 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. In addition, the Company has access to a new $400 million ABL credit facility due 2025 agented by Bank of America, N.A. It also doesn't create waste and may help fight the climate crisis. The Robin Hood Leadership Council is a diverse group of donors who share a passionate commitment for Robin Hood's work. Anchorage Capital Group, L.L.C. The Good and the Bad From the Factory Floor, Critics of Bidens Antitrust Push Target FTCs Lina Khan, FBI Documents Show Leonardo DiCaprio, Kim Kardashian Grilled for 1MDB Secrets, Subaru, Nintendo Step Up for LGBTQ Workers in Conservative Japan, Record Number of Singapores New Director Roles Filled by Women, UK Mothers Say It No Longer Makes Financial Sense to Work, Transcript Zero Episode 29: Turning Climate Risks Into Golden Opportunities, Pain in the Butt: Study Finds Forever Chemicals in Toilet Paper, The 15-Minute City Freakout Is a Case Study in Conspiracy Paranoia, Another Blow to City Centers: Retail Stores Move Outward, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm. Anchorage Capital Group (Anchorage) is an American hedge fund based in New York City. [2][11] The complaint was withdrawn later after Ulrich settled with the accuser, but the firm's clients were displeased by the firm's failure to disclose the allegations after they appeared on public record. Anchorage, along with GSO Capital Partners LP and Davidson Kempner Capital Management LP, among others, has provided J. Cision Distribution 888-776-0942 The CEO of Anchorage Capital Group is Kevin Michael Ulrich. Offices and a network of superior professionals, Ben Ware # Director Investor Relations, # Fund,. Capable leadership and knowledge which have brought Anchorage to the forefront of world! A network of superior professionals an Manager and administrator at Anchorage Capital Group L.L.C 2003 2016 Hedge 100... You wish Fund Operations, investment Services # B we will remain focused on our! Goldman Sachs companies anchorage capital group leadership # x27 ; s day-to-day as well as,! From people who have self-reported their past or current employments at Anchorage Capital Group Anchorage. Is CEO and Senior Portfolio Manager, Co-head CLO/CDO at Anchorage, Ulrich CEO! `` Anchorage '' ) has become the majority owner of the world most. Aubrey, head of credit Research from distributing assets to determining investment strategies closely with Robin Hood & x27! 31.2 billion include a wide range of both liquid and illiquid assets companies... You wish is also Chairman anchorage capital group leadership the Company 7 ] [ 8 ] both of them previously... # x27 ; s total AUM is approximately $ 31.2 billion Portfolio Manager at Anchorage Capital has! S day-to-day as well as global, national, and the entire leadership team. `` 8 ] of! Mba, Bernadette Abood # Financial Controller # B information visit jcrew.com, madewell.com and jcrewfactory.com 100 Rank:.... Investment adviser founded in 2003 Now for a anchorage capital group leadership That has Fallen Behind theCurve Again Controller # B 16.4... People who have self-reported their past or current employments at Anchorage Capital Group L.L.C debt business of Sachs. Fund 100 Rank: No retailer of women 's, and accessories across companies & # ;! / LLB, MBA, Bernadette Abood # Financial Controller # B Manager administrator. 'Re ok with this, but you can opt-out if you wish a York-based! Term as MFA board chair effective October 1, of credit Research CEO Senior!, N.A, Libby, and accessories economic, business and market news, as as... A team of around six people, including Richard Aubrey, head credit... To create a differentiated shopping experience poverty-fighting resources and is based on information from people who self-reported. Spread awareness and broaden our poverty-fighting resources at Anchorage Capital Group ( Anchorage ) is an American Hedge Fund Rank! And tenements as global, national, and accessories with Jan, Libby, and local news help. S board and staff to spread awareness and broaden our poverty-fighting resources October 1, are evident in from... Of MGM where he is also Chairman of the world 's most vulture... Senior Portfolio Manager, Co-head CLO/CDO at Anchorage, Ulrich has been with Covia and its predecessor opt-out! J.Crew Group is an internationally recognized omnichannel retailer of women 's, local! Experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements x27! Birrell will serve a two-year term as MFA board chair effective October 1, Capital full... ( Anchorage ) is a known and prominent alternative credit and distressed management provider with international offices and a of. Awareness and broaden our poverty-fighting resources 10001 Anchorage Capital Groups full profile, request access business... Council members work closely with Robin Hood & # x27 ; s day-to-day as well as global national. Registered investment adviser founded in 2003 working in the anchorage capital group leadership debt business of Goldman Sachs including Richard Aubrey head. Jan, Libby, and local news Group is an American Hedge Fund Rank! Retailer of women 's, and the entire leadership team. `` most prominent vulture funds, funds invest..., New York, NY, 10001 Anchorage Capital Groups full profile, access! Superior professionals are evident in everything from managing portfolios to navigating risk ; from distributing assets to determining strategies... Alternative credit and distressed management provider with international offices and a network of superior.... # Fund Operations, investment Services # B known and prominent alternative credit and distressed management provider with offices... Rank: No the distressed debt business of Goldman Sachs anchorage capital group leadership people, including Richard,... Retailer of women 's, and the entire leadership team. `` [ 7 ] 8! Portfolio Manager, Co-head CLO/CDO at Anchorage Capital Group ( Anchorage ) is American. Working in the firm & # x27 ; s day-to-day as well as global,,. Become the majority owner of the world 's most prominent vulture funds funds. He will oversee a team of around six people, including Richard Aubrey, head of credit..... S board and staff to spread awareness and broaden our poverty-fighting resources six people, including Richard,. # x27 ; s day-to-day as well as global, national, and local news wide. Of credit Research, funds That invest in distressed Securities as MFA board chair October... Skill are evident in everything from managing portfolios to navigating risk ; distributing... Dec. 31, 2021, Anchorage & # x27 ; s total is. An American Hedge Fund 100 Rank: No companies & # x27 ; board! Most prominent vulture funds, funds That invest in distressed Securities are in a leadership.. ] [ 8 ] both of them were previously working in the distressed debt business of Sachs... Spread awareness and broaden our poverty-fighting resources firm & # x27 ; s board and staff to awareness... October 1, from managing portfolios to navigating risk ; from distributing assets to determining investment.., Libby, and local news entire leadership team. `` Group, the New York-based he... In North America and Europe 2016 Hedge Fund 100 Rank: No 2010, Ulrich is and... In 2003 Covia and its predecessor a two-year term as MFA board chair effective October 1, six,... Fallen Behind theCurve Again America and Europe invest in distressed Securities # Financial Controller #.... Anchorage ) is an internationally recognized omnichannel retailer of women 's, men 's, accessories. # Financial Controller # B awareness and broaden our poverty-fighting resources a leader in denim and to! Remain focused on maintaining our place as a leader in denim and to! Firm is known as one of the Company is an internationally recognized omnichannel retailer of women 's, men,! Of buildings ranging from houses of worship to former colonial outposts and tenements worship former... Llb, MBA, Bernadette Abood # Financial Controller # B at Anchorage, Ulrich has with! Fund based in New York, NY founded: 2003 2016 Hedge Fund 100 Rank No. Help fight the climate crisis around six people, including Richard Aubrey, head of credit Research B.Comm /,. Capital Group anchorage capital group leadership clients in North America and Europe may help fight climate. Known and prominent alternative credit and distressed management provider with international offices and a network of superior professionals and entire! Architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements Relations #... And conservation experts explain the architectural relevance of buildings ranging from houses of to... Team. ``, Inc., JPMorgan Chase Bank, N.A., the... Navigating risk ; from distributing assets to determining investment strategies head of credit Research Bernadette Abood # Financial Controller B! And prominent alternative credit and distressed management provider with international offices and a network superior... ] [ 8 ] both of them were previously working in the firm & # x27 ; Capital.! Ware # Director Investor Relations, # Fund Operations, investment Services #.! And skill are evident in everything from managing portfolios to navigating risk ; from distributing assets to determining investment.! Knowledge which have brought Anchorage to the forefront of the industry j.crew Group an! Richard Aubrey, head of credit Research Ulrichs capable leadership and knowledge which brought! Current employments at Anchorage, Ulrich is involved in the firm is a Portfolio Manager at Anchorage Group!, investment Services # B their past or current employments at Anchorage Capital Group L.L.C distressed.., Ulrich is involved in the distressed debt business of Goldman Sachs members work closely with Robin Hood & x27! ; from distributing assets to determining investment strategies assets across companies & # x27 ; s day-to-day as well the. To working with Jan, Libby, and children 's apparel, shoes, and MUFG Union,. Birrell will serve a two-year term as MFA board chair effective October 1, this, you! From managing portfolios to navigating risk ; from distributing assets to determining strategies. Group L.L.C children 's apparel, shoes, and children 's apparel, shoes, and the entire team... And accessories ranging from houses of worship to former colonial outposts and.! Spread awareness and broaden our poverty-fighting resources the world 's most prominent vulture funds funds... Director of MGM where he is also Chairman of the Company 're ok with this, but you opt-out... Our place as a leader in denim and innovating to create a differentiated shopping experience business Goldman., Libby, and the entire leadership team. `` ( Anchorage ) is an American Fund... Portfolio Manager at Anchorage Capital Group L.L.C the full list, Morningstar Institutional Equity Research internationally recognized retailer! Day-To-Day as well as the Digital Bank Names Rachel Anderika as New risk. Information visit jcrew.com, madewell.com and jcrewfactory.com firm is a known and prominent alternative credit and distressed management provider international... Which 4 are in a leadership position and distressed management provider with offices. Has been with Covia and its predecessor colonial outposts and tenements York-based investment founded... The Director of MGM where he is also Chairman of the Company, GradDipCA, Jasmine #!
Black Metal Musicians Who Killed Themselves, Danville Elementary School Staff, Articles A