The fund reportedly had $9.62 . each of those durations to generate a final performance metric for each trade. The data presented on this page does not represent the view of Silver Point Capital and its employees or that of Zippia. Silver Point Capital This table shows the complete list of insider trades made by Robert J O'Shea as disclosed to the Securities Exchange Commission (SEC). Silver Point Capital L.P. inked a $275 million agreement to buy the company as it comes out of Chapter 11. . Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. Information on current and former positions, network members and contacts for Robert O'Shea. NET WORTH: Unknown SOURCE OF WEALTH: Goldman Sachs; Silver Point Capital FUNDING AREAS: New Jersey Community, Education, Health 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.The foundation supports human services, youth, and other outfits. We strive to create an environment where people enjoy working with each other. Robert James O'Shea (Chairman/Co-Founder). On Oct. 21, members of the Fordham community heard how a unique idea helped Robert Bob OShea, GABELLI 87, become one of the youngest partners in Goldman Sachs history before establishing his own firm. No information presented on this website should be interpreted as constituting an offer to sell, or the solicitation of an offer to buy, interests in any Silver Point fund. In 2019, join American Experience and PBS to relive the journey that defined a generation. The O'Shea Family Foundation does not provide a clear method of contact, but below is an address: Want to get inside funders' heads? Brown 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. While prospective clients of these funds might find this versatility appealing, regulators are more skeptical. Welcome to Wall Street's latest conflict-of-interest problem. ", This is a BETA experience. and is worth following. This investment was recommended by Aon Hewitt Investment Consulting and ATRS staff concurs as well. Edward Mule donated The Greenwich, Connecticut-based hedge fund firm was down . Silver Point Capital'sdistressed-debt offshore vehicle, which has $5.2 billion in AUM (August 2014), gained 3.9% through November in 2014. Read the Privacy Policy to learn how this information is used. We seek to build enduring businesses and long-term relationships with our business partners and investors. 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 . If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they've made are too recent to calculate a reliable performance metric. This analysis is for one-year following each trade, and According to a recent filing with the Securities and Exchange Commission,Edward A. 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. Before joining Greenhill, Miller, an independent examiner, was considered the nation's leading debtors' counsel as senior partner at 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. 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. . 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. And every single investment bank rejected me, OShea said. U.S. 236.2 holds with a net worth of $25 million or more Canyon Value Realization, . Silver Point Capital. Search over 700 If you require advice in relation to any financial matter you should consult an appropriate professional. As a result, the company pleaded with the court to help it resolve the dispute because "the ever-escalating charges and countercharges among the [creditors' committee] have become so severe as to warrant the impartial examiner to clear the air.". Then, as a second act, O'Shea co-founded Silver Point Capital, a credit and special situations hedge fund, in 2002. The average employee at Silver Point Capital makes $75,779 per year. Adjusted Price is the split-adjusted price. 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: The data presented on this page does not represent the view of Silver Point Capital and its employees or that of Zippia. OShea said that the partner laid out their plan, which was to underwrite bank loans the way they previously had with stocks and bonds. This list only includes insiders that have made at least three trades in the last two years. 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. H.4(a) Mr. Armstrong Ms. Garrity February 9 , 202 2 Page Two Also authorized was Resolution 202 2 -12 to commit up to $ 30 million in SK Capital Partners VI, L.P. with Imminent Need. Here is a selection of the comments from This Week viewers on our show. Edward Mul is Chief Executive Officer and Portfolio Manager of Silver Point Capital, a private investment firm he co-founded in 2002. 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. He was elected general partner in 1994. Claiming and updating your company profile on Zippia is free and easy. Prior to co-founding Silver Point, Ed Mul spent more than 16 years at Goldman Sachs. have accused Silver Point of violating a court-ordered "screening wall" implemented to prevent improper trading in FiberMark's securities. Prior to founding Silver Point, OShea worked at Goldman Sachs for 10 years. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. Steve Ballmer- Hunts Point, WA. Past grantees in the New Jersey area include the Breezy Point Disaster Relief Fund, an organization established after Superstorm Sandy; Two Towns Charity, a nonprofit "founded with the hopes of healing children in the North Rockland Community"; Oasis, which works "to change the lives of women and children by breaking the cycle of poverty through compassionate programs designed to feed, clothe, educate and empower women and children in need"; Wyckoff Parks and Recreation Foundation; Community Food Bank of New Jersey; Friends of Wyckoff Library; Wyckoff Volunteer Ambulance Corps; and Flow Follies, the "largest Scholarship Fundraiser for the Ramapo Indian Hills Regional High School District.". The fund received the highest scores out of all hedge funds across Alpha Generation, Alignment of Interests, and Transparency. Following the lead of several other bankruptcy judges in such high-profile cases as This situation would be highly suggestive of an insider that was timing trades Michele, a life coach and yoga instructor, also motivates the couple's interest in yoga and integrative medicine. Montreal (Qubec) :James N. Greenshields,1892-1896. ), (Read more: A look inside hedge fund pay). None of the information on this page has been provided or approved by Silver Point Capital. We place high value on being analytical, smart and intellectually rigorous, which facilitates delivery of our vision. 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. Today, Silver Point manages more than $15 billion of assets . While studying at Fordham, he decided he wanted to go into investment banking. 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. Increasingly, these funds--as creditors to a bankrupt entity--will join a company's creditors' committee, giving them a strong voice in the bankruptcy process and influence over the terms of a reorganization plan. OShea said that the partner loved the idea and brought him on board to do it. The firm, along with such funds as in the PURCHASE chart and negative plots on the SALE chart. Mr. OShea was hired by Goldman in 1990 to build their bank loan business, which included underwriting, trading, sales, capital markets and research. Tom Ford. Robert Mullins reviews the three models that have been put forth to explain the appearance of Israel in the . , are active participants in the distressed arena. Sign up for our email updates. Bob O'Shea. 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. 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. If you use the site without changing settings, you are agreeing to our use of cookies. Privacy Settings. I told him, If I were you, I wouldnt do it that way, he said. focused on credit and special situations investments. Silver Point Capital LP . Pay at Silver Point Capital is significantly lower than some of its highest paying competitors, like. SOURCE OF WEALTH: Goldman Sachs; Silver Point Capital, FUNDING AREAS: New Jersey Community, Education, Health. In turn, Silver Point and SPCP Group had a common member, Robert O'Shea, who was a New Jersey citizen. Annual IP membership required. . About. The employee data is based on information from people who have self-reported their past or current employments at Silver Point Capital. About UsContact UsConsultants DirectoryFAQ & HelpTerms of UsePrivacy Policy, Individual Subscriptions Multi-User Subscriptions . Without credit, businesses cant grow at the same rate.. Functional cookies, which are necessary for basic site functionality like keeping you logged in, are always enabled. Follow him on Twitter @JeffCoxCNBCcom. . free lookups / month. EDUCATION: OSheas educations grants tend to prioritize institutions with which the family has personal ties; however, the couple funds education work beyond them. Search and browse yearbooks online! Silver Point Capital is an investment manager focused on global credit investing. 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. RMcCausland@sagetelecom.net Allen, TX 75013-2789 For Transferee Patrick J. Whittle Brett P. Ferenchak . Silver Point Capital is ranked #23 on the Best Companies to Work For in Connecticut list. to their financial advantage. This analysis is for one-year following each trade, . . Neither of these charts would suggest insider trading activity. The employees at Avenue Capital Group earn an average yearly salary of $116,240 per year, and the salaries at King Street Capital Management average $115,019 per year. 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 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. O'Shea was offered partnership at Goldman Sachs at age 29, making him the second-youngest partner in the firm's history. (A trade claim is any claim on a company when it goes bankrupt--be it from suppliers, lawyers or employees. In a letter of Jerome complains that Evagrius is read by many, not just in the East but in the West as . 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. Analytics help us understand how the site is used, and which pages are the most popular. The following table shows the most recent open market sales that were not part of an automatic trading plan. NEW JERSEY COMMUNITY: Based in New Jersey, the couples foundation directs money to a number of New Jersey organizations. Using a database of 30 million profiles, Zippia estimates demographics and statistics for Silver Point Capital. 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. Research Summary. If, for example, the share price of the company was in a non-cyclical climb 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. Silver Point Capital, L.P. is a distressed debt and credit-focused private investment firm based in Greenwich, Connecticut. 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. O'Shea 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. 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. Robert Morse Wilkinson Barker Knauer, LLP 2300 N Street, NW, Suite 700 Washington, DC 20037 . expect either (a) positive returns after purchases, or (b) negative returns after sales. Help us make this company more transparent. Gender Male. 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. Given Silver Point's sterling reputation in the industry, most believe Miller will find no wrongdoing. {{ userNotificationState.getAlertCount('bell') }}. However, this alone is not enough to draw conclusions. The average trade profitability is the average return of all the open market purchases Get contact details including emails and phone numbers over many years would result in downward sloping post-trade plots. Edward A. Mul. The writings of Evagrius appear to have been widely known and read in antiquity. In a recent fiscal year, Fordham University received a $1.1 million grant from the O'Sheas through their foundation. Rounding out the top 10 were Fortress Investment Group and Pine River Capital Management. FiberMark Wachtell, Lipton, Rosen & Katz 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, . Krispy Kreme Doughnuts Despite their political differences, employees at Silver Point Capital seem to be happy. The average salaries at General Atlantic rank the highest, with their employees earning an. We're using cookies, but you can turn them off in Privacy Settings. Non-planned the results are theoretical. in BAS / Basis Energy Services, Inc.. million in Silver Point Capital Fund, L.P. using Imminent Need. in BAS / Basis Energy Services, Inc.. 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. 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. 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. price. Fintel is a registered trademark. 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 . Adjusted Shares is the split-adjusted shares. The most common ethnicity at Silver Point Capital is White (57%). Silver Point Capital generates $75.0M in revenue. Silver Point Capital is a Greenwich, Connecticut-based hedge fund that focuses on credit and special situations investments.. . Number of Founded Organizations 1. Want to track news by this author or about this industry? 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. 1 to Schedule 13G ("Amendment No. So when I came in and walked them through this idea that I had, and explained that I thought this was a really large market, and no one was really involved with it, they were the type of firm that would take the shot.. The County review. (Read more: These big hedgefunds got crushed in January). 10% of Silver Point Capital employees are Black or African American. HEALTH: In the past, Michele O'Shea has identified health, children, and animal welfare as areas of grantmaking interest. All the staff has been nice and very helpful! It is illegal for insiders to make trades in their companies based on specific, non-public information. AIG Global Investment Bob O'Shea is co-founder and chairman of Silver Point Capital, a private investment firm focused on credit and special situation investing throughout credit cycles. 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.". . bought the argument. After slogging through the illiquid atmosphere that pervaded the investing world when the real estate market collapsed, the firm, piloted by Edward Mule and Robert O'Shea, has risen to the top of the hedge fund world with stellar returns since its low-point in 2009. to the present day. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security Hedge fund manager Kyle Bass, founder of Hayman Capital Management, said a substantial U.S.-China trade agreement is unlikely at this stage. 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. Investment banks' trading desks, notably Live Now. See the list of most profitable insider traders. Enter hedge funds like Silver Point, who buy these claims--in the form of bank loans and trade claims--at a discount. The staff at Silver Point Capital come from unusually diverse demographic backgrounds. To calculate this, we examine every open-market, unplanned purchase Up to 5 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. I used to hand deliver my resumes; I would take the D train down and try to hand them in to the human resources department in hope of getting an interview.. made by the insider in the last three years. in finance. Silver Point Capital L.P. 500,000 0.7400 500,000 0.7400 370,000 39 2019-10-22: BAS . Allow analytics tracking. Available tax filings reveal that the foundation awarded $2.2 million in grants in 2018. The following table shows the most recent open market purchases that were not part of an automatic trading plan. [11] The fund received the highest scores in Alpha Generation, Alignment of Interests, and Transparency. Forbes Attach makes it easy. Silver Point Capital's headquarters is in Greenwich, CT. About Robert J. Oshea of SILVER POINT CAPITAL. Former Goldman Sachs partnersEdward A. Mul and Robert J. OShea foundedSilver Point Capital in 2002, focusing on creditand special situations investments. . Silver Point fired back, alleging that AIG and Post have used their positions on the creditors' committee to advance their own agenda. Chaim Post Advisory is We constantly seek to create comparative advantages in each of our investment strategies. OTHER: Byond New Jersey, the couple recently funded youth organizations such as Save the Children and Right to Play. (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. The stock performance is charted as cumulative percent change in share SILVER POINT CAPITAL L.P. Total Shares: 61,570,281 Subject Company: Studio City International Holdings Ltd - . Founded by Edward Mul and Robert O'Shea, Silver Point invests in highly complex situations that generally require deep analytical resources, demand timely execution and reward expertise, all of which create natural barriers to entry. Mul headed or co-headed Goldman's Special Situations Investing Business from 1999 to 2001. MIKE O'SHEA CHARITABLE GOLF CLASSIC Thursday, September 23, 2021 . Weil, Gotshal & Manges Data is a real-time snapshot *Data is delayed at least 15 minutes. Edward Mul. 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. In the last couple of days several investors among those we track have disclosed changes in their equity portfolios. Things got so hostile this spring in the Chapter 11 proceedings of After reviewing more than 300,000 pages of documents, the examiner--. Silver Point Capital employees are most likely to be members of the Republican Party. As a life coach and yoga teacher committed to health and wellness, Michele values projects that support holistic health. Silver Point Capital was founded in 2002. 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. Robert O'Shea. by Edward Mule. Sign In Subscribe. Silver Point Capital, L.P. Together, they created and led Goldman's distressed debt and special situation lending businesses before leaving to create Silver Point. 2 overall in Institutional Investor's annual Hedge Fund Report Card survey.[13]. Bear Stearns Even by the normal brutish standards of bankruptcy proceedings, FiberMark has been particularly unrefined. Hes one of five children, his dad was a New York City police officer, and he attended on a scholarship. Funds describe this approach in marketing materials as "multi-strategy," boasting of their ability to invest "across a company's capital structure." 20% of Silver Point Capital employees are Hispanic or Latino. O'Shea has also served on the board of trustees at Fordham. Others physically separate creditors' committee representatives from the traders of stocks and bonds, placing them in different rooms or floors. None of the information on this page has been provided or approved by Silver Point Capital. it is illegal for them to make any At the bottom of the rankings, which included 47 funds that received a "statistically significant" number of responses in the Institutional Investor survey, Bill Ackman's Pershing Square joined Bain and Cerberus.
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