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252:. At the same time, co-founder Ulrich announced he was stepping down from his role as CEO to a new role as chairman. One potential factors that led to this, apart from the firm's recent performance, was that in 2019, Ulrich was sued by a woman accusing him of
239:
In
December 2021, Anchorage announced it would close its $ 7.4 billion credit flagship fund (ACP Capital) due to lackluster returns and difficulties in markets such as distressed securities. The firm moved on to focus on investments related to
316:
was brought in by Ulrich to become CEO in 2010 but a rift developed between the two. In
October 2017, Barber received a contract renewal for five years until 2022. Several months later, he was fired and given a $ 260 million
256:
in a
Manhattan hotel. The complaint was withdrawn later after Ulrich settled with the accuser, but the firm's clients were displeased with the firm's failure to disclose the allegations after they appeared on
691:
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in 2010 to bring it out of bankruptcy. Ulrich joined its board in 2010 and became chairman in 2017. During the period
Anchorage held MGM Studios, it had to fight off efforts by
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321:. Barber was never replaced and in the interim, the company was led by the newly formed "Office of the CEO". In 2021, MGM studios was sold to
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Anchorage was founded in 2003 by Kevin Ulrich and Tony Davis. Both previously worked in the distressed-debt business of
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345:. On September 11, 2020, it was announced that J.Crew had exited bankruptcy after an investment from Anchorage.
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378:
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20:
877:"SingleStore, formerly MemSQL, raises $ 80M to integrate and leverage companies' disparate data silos"
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from
Reservoir Capital Group. Later on, Davis left the firm to start Inherent Group, which focused on
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692:"Anchorage Capital Did Not Disclose CEO's Sexual Battery Suit to Investors, Sources Say"
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One of the most notable deals
Anchorage was involved in was investing $ 500 million in
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261:. Anchorage is headquartered in New York City and has an additional office in London.
1246:
1222:
1206:
458:"WSJ News Exclusive | Anchorage Capital Is Closing $ 7.4 Billion Flagship Hedge Fund"
342:
318:
718:"MGM Board Chair Kevin Ulrich Accused of Sexual Battery in Now-Discontinued Lawsuit"
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sued
Anchorage Capital after it agreed to purchase $ 60 million worth of debt from
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Although
Anchorage mainly invests in distressed securities of companies such as
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851:"Brat raises $ 30 million to reboot scripted television for the Gen Z crowd"
19:
This article is about the
American company. For the Australian company, see
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for $ 8.45 billion which resulted in a $ 2 billion profit for
Anchorage.
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285:
133:
1114:
772:"Hedge fund Anchorage Capital seeks controlling stake in Ireland's eir"
338:
309:
229:
1131:
630:"Pathways to Sustainable Investing: Insights from Families and Peers"
1285:
490:"Distressed debt titans Anchorage and Oaktree reveal industry shift"
1046:"BNP Paribas wins jurisdictional battle with Anchorage hedge funds"
914:"Kevin Ulrich Scored a $ 2 Billion MGM Win. It Only Took a Decade"
361:
and then failed to pay. The court ruled in favour of BNP Paribas.
277:
425:"Anchorage to Close $ 7.4 Billion Hedge Fund as Ulrich Era Ends"
1076:
334:
44:
1083:
747:"BNP Sues Anchorage Capital Over $ 60 Million Irish Debt Sale"
176:
940:"Amazon Deal for MGM Marks Long-Awaited Win for Hedge Funds"
825:"Fashion retailer to close up to 100 stores - City round-up"
423:
Natarajan, Sridhar; Burton, Katherine (December 15, 2021).
208:. The firm is known as one of the world's most prominent
1018:"J.Crew emerges from bankruptcy, outlines new strategy"
603:"Former Goldman Bank Traders Take In Outside Capital"
543:"Slater & Gordon ownership passes to hedge funds"
541:
Shapiro, Jonathan; Thompson, Sarah (March 16, 2017).
1649:
Investment management companies of the United States
964:
Isidore, Chris; Meyersohn, Nathaniel (May 4, 2020).
912:Doherty, Katherine; Gilblom, Kelly (May 27, 2021).
272:, in recent years it has been involved in funding
716:Lang, Brent; Donnelly, Matt (November 10, 2020).
1639:Financial services companies established in 2003
1625:
966:"J.Crew has filed for bankruptcy | CNN Business"
963:
1654:Privately held companies based in New York City
540:
422:
911:
1099:
715:
1583:Alternative investment management companies
1560:Standards Board for Alternative Investments
799:"Eir to be sold to private investment firm"
1608:
1464:Taxation of private equity and hedge funds
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1092:
43:
34:
989:
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1164:fixed-income relative-value investing
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228:. The firm received $ 100 million in
1634:2003 establishments in New York City
1016:Driver, Robin (September 11, 2020).
797:Clover, Julian (December 20, 2017).
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875:Lunden, Ingrid (December 8, 2020).
689:
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990:Unglesbee, Ben (August 26, 2020).
894:
823:Bowie, Justin (November 6, 2018).
735:
680:
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371:
337:announced that it would apply for
276:and early stage companies such as
14:
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1644:Hedge fund firms in New York City
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849:Crichton, Danny (July 18, 2018).
690:Orr, Leanna (November 12, 2020).
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359:Irish Bank Resolution Corporation
212:, which are funds that invest in
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246:collateralized loan obligations
185:Footnotes / references
938:Chung, Juliet (May 26, 2021).
621:
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29:Anchorage Capital Group, L.L.C
1:
745:Chellel, Kit (May 29, 2013).
628:Ma, Liqian (August 5, 2019).
364:
312:to take control the Studios.
219:
1438:security characteristic line
607:GlobalCapital Securitization
49:Headquarters at 610 Broadway
16:Hedge Fund based in New York
7:
1426:Capital asset pricing model
1145:Capital structure arbitrage
547:Australian Financial Review
456:Chung, Juliet; Wirz, Matt.
348:
80:; 21 years ago
10:
1670:
1228:Commodity trading advisors
992:"J. Crew exits bankruptcy"
157:US$ 32 billion (2022)
21:Anchorage Capital Partners
18:
1573:
1565:Managed Funds Association
1547:
1509:High-net-worth individual
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573:"Anchorage Capital Group"
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42:
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1402:Arbitrage pricing theory
1514:Institutional investors
1407:Assets under management
1232:managed futures account
1050:Fountain Court Chambers
194:Anchorage Capital Group
130:Alternative investments
1539:Sovereign wealth funds
1311:High-frequency trading
1160:Fixed income arbitrage
696:Institutional Investor
577:Institutional Investor
1381:Structured securities
1197:Distressed securities
1169:Statistical arbitrage
1155:Equity market neutral
1150:Convertible arbitrage
339:bankruptcy protection
214:distressed securities
202:investment management
138:Distressed securities
69:Investment management
1499:Financial endowments
1444:Fundamental analysis
1192:Shareholder activism
1174:Volatility arbitrage
634:Cambridge Associates
307:activist shareholder
1613:List of hedge funds
1603:Hedge fund managers
1519:Insurance companies
1504:Fund of hedge funds
1412:Black–Scholes model
1326:Proprietary trading
1301:Algorithmic trading
1268:Fund of hedge funds
668:. December 17, 2021
516:"The Vulture Funds"
163:Number of employees
30:
1469:Technical analysis
1052:. October 10, 2013
1022:FashionNetwork.com
778:. October 27, 2016
609:. October 21, 2003
496:. January 17, 2022
242:structured finance
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1280:
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1247:Long/short equity
1223:Convergence trade
1207:Special situation
803:Broadband TV News
343:COVID-19 pandemic
319:severance package
200:) is an American
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1077:Official website
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333:On May 4, 2020,
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1555:Fund governance
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1397:Absolute return
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1321:Program trading
1316:Prime brokerage
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1252:Trend following
1237:Dedicated short
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829:businessInsider
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522:. July 13, 2015
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662:"Kevin Ulrich"
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250:private credit
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1489:Vulture funds
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1272:Multi-manager
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292:Notable deals
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259:public record
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248:, as well as
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226:Goldman Sachs
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210:vulture funds
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1366:Fixed income
1242:Global macro
1184:Event-driven
1056:November 25,
1054:. Retrieved
1049:
1027:November 25,
1025:. Retrieved
1021:
1011:
1001:November 25,
999:. Retrieved
995:
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975:November 25,
973:. Retrieved
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949:November 25,
947:. Retrieved
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921:. Retrieved
917:
886:November 25,
884:. Retrieved
880:
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860:November 25,
858:. Retrieved
854:
844:
834:November 25,
832:. Retrieved
828:
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808:November 25,
806:. Retrieved
802:
792:
782:November 25,
780:. Retrieved
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756:November 25,
754:. Retrieved
750:
727:November 25,
725:. Retrieved
721:
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701:November 25,
699:. Retrieved
695:
672:November 25,
670:. Retrieved
665:
639:November 25,
637:. Retrieved
633:
623:
613:November 25,
611:. Retrieved
606:
582:November 25,
580:. Retrieved
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