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Today, Silver Point manages more than $15 billion of assets under management across hedge fund, private equity, and direct lending strategies. , a specialty materials manufacturer based in Brattleboro, Vt., that the U.S. Bankruptcy Court for Vermont appointed an independent examiner to investigate the case. When these funds also traffic in the company's securities, it creates a situation fraught with temptation. Individuals (high net worth individuals) 0 0.0 (c) Banking or thrift institutions: 0 0.0 (d) Investment companies . Edward A. Mul. OShea created the secondary trading market of bank loans, Gatto said. However, they must report all trades to the SEC via a Form 4. Silver . O'Shea has also served on the board of trustees at Fordham. Using a database of 30 million profiles, Zippia estimates demographics and statistics for Silver Point Capital. Silver Point Capital employees are most likely to be members of the republican party. in finance. The post-financial crisis world has been very, very good for Silver Point Capital. Mr. Gatto was one of the first employees at Silver Point Capital, a credit-focused hedge fund. Available tax filings reveal that the foundation awarded $2.2 million in grants in 2018. Overview. OShea credits the companys success to hiring the right people, including Gatto, who came on three months after they launched and became the firms first non-founding partner. 10% of Silver Point Capital employees are Black or African American. Non-planned After reviewing more than 300,000 pages of documents, the examiner--. Browse the listings for your next project. Our key asset is our people; we strive to hire the best people, train and mentor them and create an environment in which they will thrive. The OSheas have also collaborated with a yoga organization called Kula for Karma to integrate therapeutic yoga and meditation programs for cardiac and cancer patients at Valley Hospital. over many years would result in downward sloping post-trade plots. It will emphasize three main componentseducation, networking opportunities, and connection to industries. If one aims to piggybackthe investing acumen and research prowessof hedge funds, he/she could check the 13G and 13D public filings submittedwith the U.S. Securities and Exchange Commission. Search and browse yearbooks online! Mr. Mul started his career in investment banking in the Mergers and Acquisitions department at Goldman Sachs, prior to spending almost four years working in the Office of the Chairman. We seek to build enduring businesses and long-term relationships with our business partners and investors. . Leominster High School - Magnet Yearbook (Leominster, MA), Class of 1913, Cover | E-Yearbook.com has the largest online yearbook collection of college, university, high school, middle school, junior high school, military, naval cruise books and yearbooks. Stephen O. Moshier and James K. Hoffmeier reconstruct the changing ancient physical geography of the region due to dynamic interactions between the Nile river system, Mediterranean Sea, and the tectonics of the Red Sea rift system. 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Following the lead of several other bankruptcy judges in such high-profile cases as million in Silver Point Capital Fund, L.P. using Imminent Need. This analysis is for one-year following each trade, and To calculate this, we examine every open-market, unplanned purchase $497,400 to the Republican Party. EDUCATION: OSheas educations grants tend to prioritize institutions with which the family has personal ties; however, the couple funds education work beyond them. The O'Sheas have also strongly supported their alma mater, Fordham University. The average employee at Silver Point Capital makes $75,779 per year. Team 2nd Low Net & Team 3rd Low Net, Most Honest Golfer; Tina O'Shea, Wyckoff Y Cares Fund - "A Year in Review" . Help other job seekers by rating Silver Point Capital. 36 Joho Partners, Robert Karr Joho Capital, U.S. Long/short 2.3 13.9 21.0 It focuses on credit and special situations investments, and has been a creditor of Caesars Entertainment Corp. For its part, founded in 2020, Lancer Capital Management is based in Wayne . We strive to align our interests and those of our business partners and investors. Hedge fund manager Kyle Bass, founder of Hayman Capital Management, said a substantial U.S.-China trade agreement is unlikely at this stage. RMcCausland@sagetelecom.net Allen, TX 75013-2789 For Transferee Patrick J. Whittle Brett P. Ferenchak . I told him, If I were you, I wouldnt do it that way, he said. [12] In 2015, Silver Point ranked No. Celebrating International Womens Day With Five Independent Jewelry Designers, New Apple Leak Reveals iPhone 15 Design Surprise, New iPhone 15 Exclusive Confirms Stunning Apple Design Decision. Mul headed or co-headed Goldman's Special Situations Investing Business from 1999 to 2001. After working at Bear Stearns for a few years, OShea was invited to dinner by a partner at Goldman Sachs, who told him that they wanted to start a bank loan business. Headquartered in Greenwich, Connecticut, the firm has approximately 180 employees, including more than 60 investment professionals. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Regardless of the outcome, the FiberMark case highlights a growing practice--hedge funds that join a bankrupt company's creditors' committee but continue to trade the company's securities. If you require advice in relation to any financial matter you should consult an appropriate professional. Get contact details including emails and phone numbers Point Ro owns over 1,164,524 units of iHeartMedia stock worth over $124,242,611 and over the last 2 years Point sold IHRT stock worth over $29,171,326. On this Wikipedia the language links are at the top of the page across from the article title. The company is 45.0% female and 42.6% ethnic minorities. Donna Rapaccioli, Ph.D., dean of the Gabelli School, said the OShea Center will be a center of excellence that bridges the gap between academia and financial markets., A critical part of the centers work, she said, will be helping students to gain a competitive edge in an underserved financial area., Joseph M. McShane, S.J., said that the center would be bringing our students and professors together with the professional world and the evolving realities of 21st-century finance.. In the case of (b), the SALE chart But over the past few months, this bucolic state has been the site of a nasty war involving some of the industry's most powerful hedge funds, bankers and lawyers. In their work, both Gatto and OShea said that they began noticing a need for training in the credit markets. 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(NSC), Spirit Airlines Incorporated (SAVE), and More, 13D Filing: Silver Point Capital and Basic Energy Services Inc (BAS), Silver Point Capital Reports 6.7% Stake In Key Energy Services Inc (KEG), Stocks That Renowned Investors Think Highly Of: American International Group (AIG), Cooper-Standard Holdings (CPS) & Others, Three Top Hedge Funds Disclose Positions in Kadmon Holdings (KDMN), Founded by Sam Waksal, Silver Point Capital Reveals Fresh Stake In PHH Corp (PHH), Silver Point Capital's Bullish Q1 Moves Include New Stake in Embattled Drugmaker Valeant, Elite Hedge Funds Disclose Big Moves In These Three Stocks, Republic Services Inc. (RSG), Standard Register Co (SR), Sevcon Inc (SEV): Among Latest Moves by Hedge Funds, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. Looking for a particular Silver Point Capital employee's phone or email? The SEC filings indicate Robert J O'Shea has reported holdings or trades in the following companies: The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Robert J O'Shea. Prior to this, he worked for more than 16 years at Goldman Sachs. FiberMark, which filed a second proposed plan of reorganization with the court on June 23, declined to comment, as did AIG and Silver Point. This table shows the complete list of insider trades made by Robert J O'Shea as disclosed to the Securities Exchange Commission (SEC). Founded: 2002 Subsidiaries: Silver Point Finance, LLC, Standard Acquisition Holdings, Llc. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Contributed Photo/ST Show More Show Less 11 of 32 320. Bear Stearns and Silver Point Capital HEALTH: In the past, Michele O'Shea has identified health, children, and animal welfare as areas of grantmaking interest. Silver Point Capital Offshore, Edward Mule, Robert O'Shea Silver Point Capital, U.S. Credit 4.5 14.9 NA In BLOOMBERG MARKETS' first-ever ranking of the top 100 large hedge funds, bets on mortgages, . About Silver Point Silver Point Capital, L.P. is an SEC-regulated investment adviser that was founded in 2002 by Edward Mul and Robert O'Shea, both former partners at Goldman Sachs, who together . In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made OShea was co-CEO at the firm from 2002 until 2011 at which time he became chairman. Looking for a particular Silver Point Capital employee's phone or email? Jan 16, 2023 From Dr. O'shea to . Timothy J. O'Shea is an Independent Director of Cutera, Inc. Mr. O'Shea was with OXO Capital from 2008 to 2014 serving as managing director. Click here. Adjusted Price is the split-adjusted price. and WorldCom, she approved the creditors' request but set forth stringent trading rules to insulate the funds' trading operations from their committee-related activities. OShea is co-founder and chairman of Silver Point Capital, a private investment firm, founded in 2002 and focused on credit and special situation investing throughout credit cycles. Chaim This does not mean Check out IPs directory of philanthropy and fundraising consultants. He maybe 4 hours away but vell worth the drive! Information on current and former positions, network members and contacts for Robert O'Shea. (See the full report here. Founding Partner & Chairman. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. Annual IP membership required. Read the Privacy Policy to learn how this information is used. 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. The hedge funds, and the banks with whom they do business, have turned bank loans and claims trading into a more liquid, competitive and aggressive market. Mr. OShea went on to become the head of the global high yield and bank loan businesses. Silver Point Capital, L.P. (including its affiliates, Silver Point Capital). We believe in an intense work ethic and deep commitment to results. Funds describe this approach in marketing materials as "multi-strategy," boasting of their ability to invest "across a company's capital structure." Despite their political differences, employees at Silver Point Capital seem to be happy. Finally, we average all of the performance metrics to calculate a performance metric for the insider. Enter hedge funds like Silver Point, who buy these claims--in the form of bank loans and trade claims--at a discount. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. Information on current and former positions, network members and contacts for Robert O'Shea. As of January 2023, Silver Point Capital has over 260employees, including over 80investment professionalsand manages approximately $22billion in investible assets. Privacy Settings. Even by the normal brutish standards of bankruptcy proceedings, FiberMark has been particularly unrefined. He also served in senior positions with Bear Stearns and Security Pacific Merchant Bank before joining Goldman Sachs, where he made partner in 1994. Its all about the peopleif you hire exceptional people, and you build a culture of teamwork, you can produce exceptional results, he said. Nearly 50 years ago, we took one small step. free lookups / month. He was elected general partner in 1994. Steve Ballmer- Hunts Point, WA. Robert O'Shea net worth is $1.3 Million Robert O'Shea Wiki: Salary, Married, Wedding, Spouse, Family . (Read more: These big hedgefunds got crushed in January). In the FiberMark matter, according to court filings, fellow creditors made by the insider in the last three years. The estimated net worth of Silver Point Capital L.p. is at least $1.0 Billion dollars as of 2023-02-23. Silver Point Capital. Among other allegations, Miller's report will address the most serious accusation emerging from the dispute--that hedge fund In a recent fiscal year, Fordham University received a $1.1 million grant from the O'Sheas through their foundation. (business & personal). You may opt-out by, Todays Heardle Answer And Clues For Sunday, March 5, The Early Returns Of Kevin Durant In The Phoenix Suns Offense, Todays Quordle Answers And Hints For Sunday, March 5, 12 New Moons Have Been Found Orbiting Jupiter, Say Scientists. This page provides a comprehensive analysis of the known insider trading history of Robert J O'Shea. The fund reportedly had $9.62 . Credit drives our economy, the global economy, the U.S. economyif you look at the history of the country, credit markets are at the center of the growth of the U.S. economy, OShea said. Silver Points business model is based on capturing synergies across the platform, building comparative advantages in every area of the Firm, hiring and training the best people, and establishing a culture of teamwork. Robert O'Shea: Silver Point Capital: Co-Founder, Partner & Chairman: 000 0000: To view Silver Point Capital's complete board members history, request access Silver Point Capital Subsidiaries (1) Company Name Industry Location Founded; 000000 00000 00000: Corporate Pension: Greenwich, CT: Silver Point Capital | 2,226 followers on LinkedIn | Silver Point Capital, L.P. is a distressed debt and credit-focused private investment firm based in Greenwich, Connecticut. Sorry, no results has been found matching your query. Previously, banks handled the credit lending process, Gatto said. The potential misuse of nonpublic information obtained on a creditors' committee is greater at hedge funds than at more traditional creditors such as commercial banks, insurance companies or mutual funds, says Chris Dialynas, managing director at bond manager Pimco. From 1995 to 2008, he served in a variety of management positions at Boston Scientific . The firm, based in Greenwich, Connecticut, was founded in 2002. by Edward A. Mul and Robert J. O'Shea. 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. OShea was a member of Goldmans risk committee, which was responsible for managing the firms global risk exposure. "Silver Point Capital Hedge Fund Letters", "Metropolitan Gaming Announces Completion of Acquisition of Caesars UK and Africa Assets", "Company News; Krispy Kreme Secures $225 Million in Loans", "U.S. Up to 5 The average employee at Silver Point Capital makes $75,779 per year. The diversity in Silver Point Capital employees extends to employee political beliefs. We constantly seek to create comparative advantages in each of our investment strategies. Learn more in our. Founder, Lone Pine Capital Net Worth: $2.1B Read More. This website is provided as is without any representations or warranties, express or implied. In 2002, that prompted him and one of his partners at Goldman Sachs, Edward Mul, to launch Silver Point Capital, a hedge fund based in Greenwich, Connecticut, that focuses on credit and special situations investments. Today the firm manages about $15 billion in assets. The Greenwich, Connecticut-based hedge fund firm was down . Edward Mul. Founding Partner, Portfolio Manager & CEO. If, for example, the share price of the company was in a non-cyclical climb According to court pleadings, AIG and Post now accuse Silver Point of committing trading violations by breaching the so-called screening walls. One area to keep an eye on in particular is integrative medicine. The staff at Silver Point Capital come from unusually diverse demographic backgrounds. Silver Point Capital is a Greenwich, Connecticut-based hedge fund that focuses on credit and special situations investments. SILVER POINT CAPITAL L.P. Total Shares: 61,570,281 Subject Company: Studio City International Holdings Ltd - . This situation would be highly suggestive of an insider that was timing trades Founded in 2002 by former Goldman Sachs employees Edward Mul and Robert O'Shea . . The O'Shea Family Foundation does not provide a clear method of contact, but below is an address: Want to get inside funders' heads? Between 1959 and 1981, the team competed in the Western Collegiate Hockey Association (WCHA) before joining the Central Collegiate Hockey Association (CCHA) until the 2012-13 season. Robert Morse Wilkinson Barker Knauer, LLP 2300 N Street, NW, Suite 700 Washington, DC 20037 . U.S. 142.4 paying high fees, Berg says, usu-ally 2 percent of assets to cover hedge funds' 16 Silver Point Capital Offshore, Edward Mule, . A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. The national average salary for a Silver Point Capital employee in the United States is $75,779 per year. The funds listed above (collectively, the "Funds") are managed by Silver Point or its wholly owned subsidiaries.Silver Point Capital Management, LLC ("Management") is the general partner of Silver Point and as a result may be deemed to be the beneficial owner of the securities held by the Funds.Each of Mr. Edward A. Mul and Mr. Robert J. O'Shea is a member of Management and has voting . O'Shea Robert J: Copper Property CTL Pass Through Trust: Silver Point Capital L.P. Gulfport Energy Corp: iHeartMedia, Inc. PDL Biopharma Inc: Sign up for our email updates. To prevent transgressions, many hedge funds are beefing up their legal and regulatory personnel. C. . Get this delivered to your inbox, and more info about our products and services. We believe this sort of collaboration is essential for the Gabelli Schools mission, and what that mission is, is the education of compassionate business leaders that drive positive global change, he said. On average, employees at Silver Point Capital stay with the company for 4.3 years. Indeed, the examiner's report will encompass an investigation into whether any of the creditors' committee members--including Post and AIG--breached the screening wall and committed trading violations. . "Silver Point's first-place finish illustrates that for a firm to rate highly with investors, it needs to do more than just perform well," the magazine said. Brown See the list of most profitable insider traders. Edward A. Bear Stearns, as a firm, was less focused on pedigreeit was a gritty firm, a very entrepreneurial firm, a firm that wanted young, hungry, driven people, OShea said. The average employee at Silver Point Capital makes $75,779 per year. During his tenure at Goldman Sachs, in addition to building the global bank loan business, he also became the global head of the high yield business unit, leading the firms high-yield bond and bank loan underwriting, trading, sales, capital markets and research, and the collateralized debt obligation (CDO) business. Silver Point Capital is a Greenwich, Connecticut-based hedge fund that focuses on credit and special situations investments.. Prior to co-founding Silver Point, Ed Mul spent more than 16 years at Goldman Sachs. CEO, Microsoft Net Worth: $22.5B However, this alone is not enough to draw conclusions. In the last couple of days several investors among those we track have disclosed changes in their equity portfolios. OShea said that while working there he had an idea for trading loans on the secondary market, where one investor purchases debt from another, and pitched this idea to other firms, including Bear Stearns. . Help us make this company more transparent. in the PURCHASE chart and negative plots on the SALE chart. over many years, then we would expect all ), (Read more: A look inside hedge fund pay). [4], In 2014, Silver Point ranked No. Hes one of five children, his dad was a New York City police officer, and he attended on a scholarship. The Firms co-founders, Ed Mul and Bob OShea, have been building and managing credit and special situation businesses, including proprietary middle market direct lending businesses, together since the mid-90s. But OShea said as he was moving up, he began to notice that the more senior that I was getting, the further away that I was getting from the business itself.. Federal regulators are sniffing around: Last year, the U.S. Securities and Exchange Commission reportedly dispatched a team to investigate how Wall Street trades the distressed debt of financially troubled companies. Established in 2020, the center will formally launch next year. The Michigan Wolverines men's ice hockey team is the college ice hockey team that represents the University of Michigan in Ann Arbor, Michigan.Earning varsity status in 1922, the program has competed in 100 seasons. Mr. . Neither of these charts would suggest insider trading activity. OTHER: Byond New Jersey, the couple recently funded youth organizations such as Save the Children and Right to Play. Today, Silver Point Capital has over 200 employees and manages approximately $17.5 billion in capital. And Silver Point is a $4 billion hedge fund run by Edward Mul Edward Mul and Robert O'Shea Robert O'Shea , former Goldman Sachs Group partners who each held senior positions in the firm's . Net Net: Promoting innovation and managing change, These big hedgefunds got crushed in January, More In Net Net: Promoting innovation and managing change, How top women executives in sports and betting are leading by example, Travel continues to be a top priority for consumers, says Priceline CEO Brett Keller. At issue is whether, as members of a creditors' committee, hedge funds are misusing the private information they receive. Mr. Robert J. O'Shea is a Co-Founder and Partner at Silver Point Capital L.P. OVERVIEW: Robert and Michele O'Shea conduct their philanthropy through the O'Shea Family Foundation, which tends to prioritize the New Jersey community in which they live. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security Founded in 2002 by Edward A. Mul and Robert J. O'Shea, Silver Point was designed and built to have the deep resources, expertise and capital needed to take advantage of the natural . Past health grantees also includes the Multiple Myeloma Research Foundation, American Cancer Society, Christian Healthcare Center, American Red Cross of Northern New Jersey, and St. Jude's Hospital. Silver Point has significant experience in direct lending leveraging a senior and well-resourced team, with senior investment professionals having 20+ years of industry experience, on average. OShea said that he was rejected by a minimum of 50 firms, but with some persistence he landed an interview at Security Pacific and impressed them enough to get a job working in the leveraged loan market. Many continue to trade actively in the company's securities--stocks, bonds, convertibles and credit derivatives. OShea was featured in a virtual fireside chat with Michael Gatto, an adjunct professor at Columbia Business School and Fordhams Gabelli School of Business, as a part of the Gabelli Schools Centennial Speaker Series. have accused Silver Point of violating a court-ordered "screening wall" implemented to prevent improper trading in FiberMark's securities. Today, Silver Point manages more than $15 billion of assets . 1 to Schedule 13G ("Amendment No. in BAS / Basis Energy Services, Inc.. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Get our editors daily picks straight in your inbox! All the staff has been nice and very helpful! In filings, Silver Point maintained "that it has done absolutely nothing wrong," and attacked AIG's and Post's allegations as "baseless insinuations" and "partisan rancor" meant to extract more favorable terms in the FiberMark reorganization. Also getting "A" grades were Dan Loeb's Third Point; Boston-based Adage Capital Management; Paul Singer's Elliott Management; Citadel; Perry Capital; Davidson Kempner and CQS. Primary Job Title Co-founder. Functional cookies, which are necessary for basic site functionality like keeping you logged in, are always enabled. He joined Goldman in 1990 to found and build the firms global bank loan business. The post-financial crisis world has been very, very good for Silver Point Capital. Post Advisory Group Principal Financial Group MIKE O'SHEA CHARITABLE GOLF CLASSIC Thursday, September 23, 2021 . In this section, we analyze the profitability of every unplanned, open-market insider purchase made The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals Others physically separate creditors' committee representatives from the traders of stocks and bonds, placing them in different rooms or floors. Mr. OShea was hired by Goldman in 1990 to build their bank loan business, which included underwriting, trading, sales, capital markets and research. Edward Mul is co-Founder, CEO and Portfolio Manager of Silver Point Capital, a private investing firm, focused on credit, distressed and special situations. Silver Point Capital's headquarters is in Greenwich, CT. Credit Suisse Group Krispy Kreme Doughnuts Today, the Firm manages approximately $10.5 billion of invested and committed capital, across its Flagship distressed and special situations hedge funds, Distressed . Want to track news by this author or about this industry? The three creditors cut prominent profiles. Colleen Brown A consistent theme through the survey indeed was that investors seek more than performance: They want a fund that is open about its strategies and activities and has investors' interest at heart.