O'Shea was co-CEO at the firm from 2002 until 2011, at which time he became chairman. Get our editors daily picks straight in your inbox! Have you worked at Silver Point Capital? If you use the site without changing settings, you are agreeing to our use of cookies. Silver Point Capital L.P. is a Connecticut-based credit and distressed debt firm founded by two former Goldman Sachs partners, Edward A. Mule and Robert J. OShea. The pair also gave an update on the new OShea Center for Credit Analysis and Investment at the Gabelli School of Business, which was founded thanks to $2 million in donations from OShea; his wife Michele, FCRH 88; and Gatto, who will be the centers director. Today, Silver Point manages more than $15 billion of assets under management across hedge fund, private equity, and direct lending strategies. It was founded in 2002 by former Goldman Sachs partners, Edward A. Mul and Robert J. O'Shea. Data is a real-time snapshot *Data is delayed at least 15 minutes. American International Group 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 . "Silver Point is the gold standard in the distressed arena, and I'd be very surprised if they committed trading violations by mishandling information received on the creditors' committee," says Thomas Janover, a bankruptcy partner at the New York law firm Kramer, Levin, Naftalis & Frankel. Prior to founding Silver Point, OShea worked at Goldman Sachs for 10 years. Silver Point Capital may also be known as or be related to Silver Point Capital, Silver Point Capital, L.P. and Silver Point Capital, L.p. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. Learn more in our. 10% of Silver Point Capital employees are Black or African American. This page provides a comprehensive analysis of the known insider trading history of Robert J O'Shea. 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. Sign up for a free account. The couple has given steady support to Heifer International, an organization "working to end hunger and poverty around the world by providing livestock and training to struggling communities.". The Firm has an extensive track record in the strategy, and Silver Points Founders have provided financing solutions to middle market companies for over 25 years. AIG Global is the investment division of embattled insurance giant He also served in senior positions with Bear Stearns and Security Pacific Merchant Bank before joining Goldman Sachs, where he made partner in 1994. 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. Sorry, no results has been found matching your query. Research Summary. The most common ethnicity at Silver Point Capital is White (57%). OShea was a member of Goldmans risk committee, which was responsible for managing the firms global risk exposure. The following table shows the most recent open market sales that were not part of an automatic trading plan. OShea was a quintessential Fordham student, according to Gatto. All Rights Reserved. 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. Check out IPs directory of philanthropy and fundraising consultants. In a letter of Jerome complains that Evagrius is read by many, not just in the East but in the West as . Mr. Robert J. O'Shea is a Co-Founder and Partner at Silver Point Capital L.P. Sign In Subscribe. All the staff has been nice and very helpful! and was regarded as the country's top adviser to creditors' committees, is now an independent consultant working extensively with Silver Point. This Amendment No. Chaim Additional practices include creating separate file space for committee work and formal compliance reviews. Robert J. Oshea is Chairman, Silver Point Capital, L.P. at Silver Point Capital Lp and has been affiliated with Silver Point Capital Lp since March-2002. The company has great employee retention with staff members usually staying for 4.3 years. Best Companies to Work For in Connecticut, Best Finance Companies to Work For in Connecticut, Best Companies to Work For in Greenwich, CT, Best Finance Companies to Work For in Greenwich, CT, Executive Assistant To Chief Executive Officer. Krispy Kreme Doughnuts 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. Manage Products and Account Information. Silver Point categorically denies the charges. Bear Stearns In their work, both Gatto and OShea said that they began noticing a need for training in the credit markets. This analysis is for one-year following each trade, . bought the argument. Number of Founded Organizations 1. Founding Partner & Chairman. Known for its maple syrup and dairy cows, Vermont rarely serves as a battleground for Wall Street's masters of the universe. Silver Point, which has roughly $5 billion in assets, garnered an 11 percent return last year. distressed investment arm run by, In a bankruptcy, a company's financial and commercial creditors will often sell their claims in order to exit the protracted, contentious bankruptcy process. 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 following table shows the most recent open market purchases that were not part of an automatic trading plan. The staff at Silver Point Capital come from unusually diverse demographic backgrounds. Before joining Goldman Sachs, Mr. O'Shea served senior positions with Bear Stearns & Co and Security Pacific Merchant Bank in New . Silver Point Capital is a Greenwich, Connecticut-based hedge fund founded by ex-Goldman Sachs debt traders Robert O'Shea and Edward Mul in 2002. in finance. The outcome of the FiberMark case is being watched closely. Silver Point Capital All rights reserved. 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 . Post Advisory Group price. 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. 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, . Both O'Shea and his wife Michele are Fordham University graduates, as is at least one of their children. This table shows the complete list of insider trades made by Robert J O'Shea as disclosed to the Securities Exchange Commission (SEC). The largest donation made to a political party by a Silver Point Capital employee was Silver Point also has a dedicated real estate lending business, focused onoriginating asset backed loans, typically collateralized by real estate, which includes providing solutions to borrowers seeking transitional capital, special situations and time sensitive closings. The national average salary for a Silver Point Capital employee in the United States is $75,779 per year. Judge Over the past few years, hedge funds--frustrated with interminably low interest rates and feeble returns with such strategies as equities and convertible arbitrage--have followed the lead of funds like Silver Point and piled into the distressed debt markets. O'Shea was co-CEO at the firm from 2002 until 2011 at which time he became chairman. Enron In this situation, we would NEW JERSEY COMMUNITY: Based in New Jersey, the couples foundation directs money to a number of New Jersey organizations. Apply to join the directory. Please keep yours brief - a few short sentences are ideal - and include your town and real name to have a chance of having your ideas published. Before joining Greenhill, Miller, an independent examiner, was considered the nation's leading debtors' counsel as senior partner at and 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. Neither of these charts would suggest insider trading activity. 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. No credit card required. Enter employee name to find & verify emails, phones, social links, etc. Mr. . Up to 5 (Riverhead, N.Y.) 1903-1950, October 01, 1942, Page 9, Image 9, brought to you by Suffolk Cooperative Library System, and the National Digital Newspaper Program. We believe in an intense work ethic and deep commitment to results. Silver Point Capital LP, founded in 2002 by Goldman Sachs alums Edward A. Mule and Robert J. O'Shea, is a Connecticut-based distressed debt and credit-focused private investment firm. Enter the email address you signed up with and we'll email you a reset link. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Welcome to Wall Street's latest conflict-of-interest problem. In the FiberMark matter, according to court filings, fellow creditors In 2021, the company reported to manage approximately $15 billion in assets. Success must be shared throughout our organization with respect to compensation, experience, knowledge and accolades. 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, . made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. Silver Point Capital is in the investment management industry. is at least $153 Milho dollars as of 5 October 2021. 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. (business & personal). The writings of Evagrius appear to have been widely known and read in antiquity. Colleen LOOKING FORWARD:Only in his 50s, Robert O'Shea is still very much engaged in business, but he and his wife Michele should be watched for greater giving down the line. and Available tax filings reveal that the foundation awarded $2.2 million in grants in 2018. On Oct. 21, members of the Fordham community heard how a unique idea helped Robert "Bob" O'Shea, GABELLI '87, become one of the youngest partners in Goldman Sachs history before establishing his own firm. by Edward Mule. Following the lead of several other bankruptcy judges in such high-profile cases as "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. This analysis is for one-year following each trade, and trade are trades that were not made as part of a 10b5-1 trading plan. 36 Joho Partners, Robert Karr Joho Capital, U.S. Long/short 2.3 13.9 21.0 Founded in 2002 by Edward A. Mul and Robert J. OShea, Silver Point Capital was designed and built to have the deep resources, expertise and capital needed to invest in the global credit markets throughout credit cycles. Silver Point Capital is an investment manager focused on global credit investing. made by the insider in the last three years. $497,400 to the Republican Party. Previously, banks handled the credit lending process, Gatto said. September 21st, 2021 - Hedge Funds Insider Trading, October 10th, 2019 - Hedge Funds Insider Trading, July 31st, 2019 - Hedge Funds Insider Trading, June 11th, 2016 - Hedge Fund Analysis Hedge Funds News, October 28th, 2015 - Hedge Fund Analysis Hedge Funds News. See the list of most profitable insider traders. Over the past two weeks, Dan Leob's Third Point has been slowly increasing its bet on Kadmon Holdings Inc (NYSE:KDMN). Insiders are officers, directors, or significant investors in a company. Since 2003, Silver Point has originated approximately $19bn in over 385middle market loans. Its employees are politically diverse and represent a balanced blend of political orientations, with 50.0% Democrats and 50.0% Republicans. The diversity in Silver Point Capital employees extends to employee political beliefs. Jan 16, 2023 From Dr. O'shea to . In turn, Silver Point and SPCP Group had a common member, Robert O'Shea, who was a New Jersey citizen. Prior to Silver Point, Bob O'Shea served as Partner of Goldman Sachs in New York from 1994 to 2000. Silver Point Capital employees are most likely to be members of the Republican Party. FIRM: Silver Point Capital AGE: 43 Tough customers when it comes to distressed situations, Mule and his partner, Robert O'Shea, have a sterling reputation. The O'Shea Family Foundation does not provide a clear method of contact, but below is an address: Want to get inside funders' heads? The average employee at Silver Point Capital makes $75,779 per year. The estimated Net Worth of Timothy J O Shea is at least $3.17 Million dollars as of 14 December 2021. In this section, we analyze the profitability of every unplanned, open-market insider purchase made This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. Mule, together with Silver Point Capital Co-Founder Robert O'Shea, built and led the company's distressed debt and special situation lending businesses. Show More Silver Point Capital Demographics. 20% of Silver Point Capital employees are Hispanic or Latino. Read the Privacy Policy to learn how this information is used. Steve Ballmer- Hunts Point, WA. 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. . Such claims can be, and often are, traded like bank loans or other debt.). 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 led Goldman's . The employee data is based on information from people who have self-reported their past or current employments at Silver Point Capital. Founded by Edward Mul and Robert O'Shea, Silver Point invests in highly complex situations that generally require deep analytical resources, demand timely execution . Despite their political differences, employees at Silver Point Capital seem to be happy. trades in their own companies. (Read more: These big hedgefunds got crushed in January). (See the full report here. Silver Point Capital: Investor: Co-Founder, Partner & Chairman: Greenwich, CT: Hedge Fund: 0000-00-00: 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. Sign up for free newsletters and get more CNBC delivered to your inbox. Former Goldman Sachs partners Edward A. Mul and Robert J. O'Shea founded Silver Point Capital in 2002, focusing on credit and special situations investments. Silver Point Capital was founded in 2002. We encourage and foster a specific culture in our firm characterized by integrity and honesty, humility, mutual respect, teamwork, strategic and creative thought, leadership, a commercial approach, rigorous execution and a commitment to excellence. 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. The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals The firm, based in Greenwich, Connecticut, was founded in 2002. by Edward A. Mul and Robert J. O'Shea. over many years would result in downward sloping post-trade plots. Reviewed on . Today, the Firm manages approximately $10.5 billion of invested and committed capital, across its Flagship distressed and special situations hedge funds, Distressed . "Perhaps investors are not happy that (Pershing)which generally runs a very concentrated portfoliohas stuck with its very large high-profile negative bet on Herbalife or maintained its support for retailer J.C. Penney Co. for as long as it did," the magazine said. The funds claimed that if they were barred from trading the company's securities, they could "risk the loss of a beneficial investment opportunity" and "breach its fiduciary duty to its investors.". The foundation supports human services, youth, and other outfits. Silver Point Capital is a Greenwich, Connecticut-based hedge fund that focuses on credit and special situations investments. 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. The company is 45.0% female and 42.6% ethnic minorities. 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. There is a demand for credit-trained people, and not one other university is focused on it today at the undergraduate level.. ", This is a BETA experience. Learn more in our Privacy Policy. Silver Point Capital Lp is a hedge fund that manages 10.4 BN dollars in regulatory AUM and has 142 employees, of which 44 perform investment . 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. OTHER: Byond New Jersey, the couple recently funded youth organizations such as Save the Children and Right to Play. Insiders are officers, directors, or significant investors in a company. Competitors of Silver Point Capital include General Atlantic, Avenue Capital Group, and King Street Capital Management. The fund reportedly had $9.62 . Enter hedge funds like Silver Point, who buy these claims--in the form of bank loans and trade claims--at a discount. , is one of a newfangled hedge fund species: funds that not only trade a company's distressed debt but also operate lending businesses--sometimes extending loans to the same companies whose debt it actively trades. FiberMark, which filed a second proposed plan of reorganization with the court on June 23, declined to comment, as did AIG and Silver Point. Silver Point Capital, L.P. is a distressed debt and credit-focused private investment firm based in Greenwich, Connecticut. and is worth following. About. Silver Point Capital, L.P. (including its affiliates, Silver Point Capital). 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. [12] In 2015, Silver Point ranked No. SOURCE OF WEALTH: Goldman Sachs; Silver Point Capital, FUNDING AREAS: New Jersey Community, Education, Health. . Silver Point Finance, a wholly owned subsidiary of Silver Point Capital, L.P. (including its affiliates, Silver Point Capital), is the companys dedicated financing business which focuses on providing custom financing solutions to middle market companies for acquisitions, refinancings, bridge loans, growth capital, balance sheet restructurings and leveraged recapitalizations. Silver Point Capital, L.P. 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. Americas +1 212 318 2000. . About Robert J. Oshea of SILVER POINT CAPITAL. 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. By CNBC's Jeff Cox. Hedge fund Silver Point Capital buys big stake in Postmedia Network", "Opponent Stresses Wall Street Experience", "Infographic: The 2014 Hedge Fund Report Card", https://en.wikipedia.org/w/index.php?title=Silver_Point_Capital&oldid=1142584370, Financial services companies established in 2002, Companies based in Greenwich, Connecticut, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 3 March 2023, at 06:43. He was elected general partner in 1994. Robert O'Shea. Allow analytics tracking. . While studying at Fordham, he decided he wanted to go into investment banking. Mul headed or co-headed Goldman's Special Situations Investing Business from 1999 to 2001. This investment was recommended by Aon Hewitt Investment Consulting and ATRS staff concurs as well. Silver Point Capital L.P. 500,000 0.7400 500,000 0.7400 370,000 39 2019-10-22: BAS . SILVER POINT CAPITAL L.P. Total Shares: 61,570,281 Subject Company: Studio City International Holdings Ltd - . C. . Likewise, non-cyclical declines In the case of (b), the SALE chart Founded: 2002 Subsidiaries: Silver Point Finance, LLC, Standard Acquisition Holdings, Llc. Mr. OShea went on to become the head of the global high yield and bank loan businesses. and At Goldman Sachs, OShea built a team to cover the bank loan industry and, at age 29, became one of the youngest people in the companys history to be named a partner. 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. 2015-2023 Fintel Ventures LLC. in BAS / Basis Energy Services, Inc.. One area to keep an eye on in particular is integrative medicine. The creditors' feuding scuttled FiberMark's first reorganization plan back in March. Silver Point Capital is a Greenwich, Connecticut-based hedge fund that focuses on credit and special situations investments.. There is no concentration that combines accounting, finance, and how to assess companies credit profilesthat skill is tremendously valuable even if you were going to leave the credit world and go into the equity world. In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made Cerberus Capital Management Get contact details including emails and phone numbers We then calculate the average performance of those trades over 3, 6, and 12 months, averaging Socit de mdias/d'actualits valorisant le peuple et la culture GBAN. While prospective clients of these funds might find this versatility appealing, regulators are more skeptical. Finally, we average all of the performance metrics to calculate a performance metric for the insider. . CEO, Microsoft Net Worth: $22.5B . Get this delivered to your inbox, and more info about our products and services. Silver . We want to hear from you. Ed, together with Bob O'Shea, built and led Goldman's special . Team 2nd Low Net & Team 3rd Low Net, Most Honest Golfer; Tina O'Shea, Wyckoff Y Cares Fund - "A Year in Review" .
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