He also served in senior positions with Bear Stearns and Security Pacific Merchant Bank before joining Goldman Sachs, where he made partner in 1994. Credit Suisse Group , 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. In 2019, join American Experience and PBS to relive the journey that defined a generation. At issue is whether, as members of a creditors' committee, hedge funds are misusing the private information they receive. H.4(a) - arkleg.state.ar.us When these funds also traffic in the company's securities, it creates a situation fraught with temptation. Respondents were asked to rank the companies according to eight criteria: alpha generation, risk management, alignment of interests; transparency, infrastructure, independent oversight, liquidity terms and investment relations. over many years would result in downward sloping post-trade plots. The following table shows the most recent open market sales that were not part of an automatic trading plan. . , are active participants in the distressed arena. Chaim Fortgang The most common ethnicity at Silver Point Capital is White (57%). Wachtell, Lipton, Rosen & Katz The average trade profitability is the average return of all the open market purchases Silver Point recently made headlines as part of a syndicate that provided $225 million in financing to troubled Robert O'Shea net worth is $1.3 Million Robert O'Shea Wiki: Salary, Married, Wedding, Spouse, Family . and 1") is being jointly filed by Silver Point Capital, L.P., a Delaware limited partnership ("Silver Point"), Mr. Edward A. Mul and Mr. Robert J. O'Shea with respect to the ownership of shares of Common Stock of the Company by Silver Point Capital Fund, L.P., Silver Point Capital Offshore Master Fund, L.P., Silver Point Distressed . Bear Stearns 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. Silver Point, which has roughly $5 billion in assets, garnered an 11 percent return last year. Metropolitan Gaming Announces Completion of Acquisition of - Insider Today, Silver Point manages more than $15 billion of assets . 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. Its a competitive advantage to understand, OShea said. trades in their own companies. According to a recent filing with the Securities and Exchange Commission,Edward A. Prior to working at Goldman Sachs, he worked at Bear Stearns in the high yield department and Security Pacific Bank in the Merchant Banking Group. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. It returned 16.1% in 2013, 20% in 2012, and 4.5% in 2011. Then, as a second act, O'Shea co-founded Silver Point Capital, a credit and special situations hedge fund, in 2002. 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 . Hedge Fund and Insider Trading News: Ray Dalio, Warren Buffett, Brevan Howard Asset Management, Elliott Management, Mgate Capital, VICI Properties Inc (VICI), Marten Transport, Ltd (MRTN), and More, Hedge Fund and Insider Trading News: Kyle Bass, Warren Buffett, Silver Point Capital, Kraft Heinz Co (KHC), and More, Hedge Fund and Insider Trading News: Leon Cooperman, Davidson Kempner, CQS Cayman LP, Norfolk Southern Corp. (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. It is illegal for insiders to make trades in their companies based on specific, non-public information. SILVER POINT CAPITAL L.P. SC 13G/A Filing Concerning MSC on 2020-12-31 20% of Silver Point Capital employees are Hispanic or Latino. None of the information on this page has been provided or approved by Silver Point Capital. 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. "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. Post Advisory is Nearly 50 years ago, we took one small step. {{ userNotificationState.getAlertCount('bell') }}. Silver Point Capital L.p. Net Worth (2023) - GuruFocus.com In a recent fiscal year, Fordham University received a $1.1 million grant from the O'Sheas through their foundation. The employee data is based on information from people who have self-reported their past or current employments at Silver Point Capital. Silver Point Capital was founded in 2002. Fortgang Silver Point Capital, L.P. is a distressed debt and credit-focused private investment firm based in Greenwich, Connecticut. 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. Allow analytics tracking. Founded by Edward Mul and Robert O'Shea, Silver Point invests in highly complex situations that generally require deep analytical resources, demand timely execution . A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. . Mr. Gatto was one of the first employees at Silver Point Capital, a credit-focused hedge fund. 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. The national average salary for a Silver Point Capital employee in the United States is $75,779 per year. In 2002, O'Shea co-founded the Greenwich, Connecticut-headquartered Silver Point Capital with fellow Goldman alum Edward A. Mule. 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. Despite their political differences, employees at Silver Point Capital seem to be happy. Principal Financial Group 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 data presented on this page does not represent the view of Silver Point Capital and its employees or that of Zippia. 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. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. Top notch facility!! NEW JERSEY COMMUNITY: Based in New Jersey, the couples foundation directs money to a number of New Jersey organizations. Looking for a particular Silver Point Capital employee's phone or email? However, this alone is not enough to draw conclusions. Stocks That Renowned Investors Think Highly Of: American International The average salaries at General Atlantic rank the highest, with their employees earning an. The stock performance is charted as cumulative percent change in share 2023 CNBC LLC. [4], In 2014, Silver Point ranked No. Rounding out the top 10 were Fortress Investment Group and Pine River Capital Management. Bloomberg 100 Richest Hedge Funds | PDF | Hedge Fund | Refinancing - Scribd and WorldCom, she approved the creditors' request but set forth stringent trading rules to insulate the funds' trading operations from their committee-related activities. 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. 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. Learn more in our. Sign up for a free account. 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 . 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.. While studying at Fordham, he decided he wanted to go into investment banking. Citadel Investment Group I told him, If I were you, I wouldnt do it that way, he said. AIG Global Investment Open market or private purchase of non-derivative or derivative security, Open market or private sale of non-derivative or derivative security, Grant, award, or other acquisition of securities from the company (such as an option), Sale or transfer of securities back to the company, Payment of exercise price or tax liability using portion of securities received from the company, Equity swaps and similar hedging transactions, Exercise or conversion of derivative security received from the company (such as an option), A transaction voluntarily reported on Form 4, Other (accompanied by a footnote describing the transaction), US:US2175191079 / COPPER PPTY CTL PASS THRU TR EQTY CERT, There are no known unplanned open-market trades for this insider and security combination. 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. About UsContact UsConsultants DirectoryFAQ & HelpTerms of UsePrivacy Policy, Individual Subscriptions Multi-User Subscriptions . 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. We seek to build enduring businesses and long-term relationships with our business partners and investors. Claiming and updating your company profile on Zippia is free and easy. Headquartered in Greenwich, Connecticut, the firm has approximately 180 employees, including more than 60 investment professionals. Show More Silver Point Capital Demographics. All the staff has been nice and very helpful! [11] The fund received the highest scores in Alpha Generation, Alignment of Interests, and Transparency. RMcCausland@sagetelecom.net Allen, TX 75013-2789 For Transferee Patrick J. Whittle Brett P. Ferenchak . Silver Point Capital: Investor: Co-Founder, Partner & Chairman: Greenwich, CT: Hedge Fund: 0000-00-00: 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 post-financial crisis world has been very, very good for Silver Point Capital. A Talk with Robert O'Shea, Co-Founder of Fordham's O'Shea Center for (business & personal). The Greenwich, Connecticut-based hedge fund firm was down . 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. Read the Privacy Policy to learn how this information is used. Jan 16, 2023 From Dr. O'shea to . Silver Point Capital is an investment manager focused on global credit investing. . Reviewed on . The bankruptcy courts have also instituted measures to prevent abuse. Today, the Firm manages approximately $10.5 billion of invested and committed capital, across its Flagship distressed and special situations hedge funds, Distressed . In this situation, we would 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. Follow him on Twitter @JeffCoxCNBCcom. 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. BACKGROUND: Robert J. O'Shea graduated from Fordham University's College of Business Administration in 1987. 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: [1], It was founded in 2002 by former Goldman Sachs partners, Edward A. Mul and Robert J. OShea. Here is a selection of the comments from This Week viewers on our show. Robert O'Shea Net Worth Search over 700 For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security 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. Annual IP membership required. "What's not as clear is whether the less experienced and sophisticated funds entering these markets appreciate the various conflicts and risks involved. Silver Point also provided sworn testimony from four employees expressly laying out its compliance rules separating the public and private components of its business. Silver Point Capital employees are most likely to be members of the Republican Party. Number of Founded Organizations 1. The writings of Evagrius appear to have been widely known and read in antiquity. 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. The creditors' feuding scuttled FiberMark's first reorganization plan back in March. Silver Point Capital, L.P. Closes $552 Million Specialty Credit Fund OShea graduated from Fordham University with a B.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. 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. Contributed Photo/ST Show More Show Less 11 of 32 320. C. . . OShea said that the partner laid out their plan, which was to underwrite bank loans the way they previously had with stocks and bonds. What I would recommend is that you go in and become the number one market maker in loans [and] create an institutional product around bank loans.. The following table shows the most recent open market purchases that were not part of an automatic trading plan. Insiders are officers, directors, or significant investors in a company. 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. made by the insider in the last three years. Founded in 2002 by former Goldman Sachs employees Edward Mul and Robert O'Shea . and million verified professionals across 35 million companies. Information on current and former positions, network members and contacts for Robert O'Shea. The three creditors cut prominent profiles. 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.. Socit de mdias/d'actualits valorisant le peuple et la culture GBAN. the post-purchase plots to be upwardly sloping. ), (Read more: A look inside hedge fund pay). Michigan Wolverines men's ice hockey - Wikipedia FiberMark Learn more in our Privacy Policy. Silver Point Capital is a Greenwich, Connecticut-based hedge fund that focuses on credit and special situations investments.. According to court pleadings, AIG and Post now accuse Silver Point of committing trading violations by breaching the so-called screening walls. 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. Silver Point Capital; Spring Lake Dental Arts; Eve Teich and Family; ViacomCBS; 2021 FRIENDS - I applied [for jobs] at every single major investment bank on Wall Street. Michael Gatto - Partner - Silver Point Finance | LinkedIn Robert Mullins reviews the three models that have been put forth to explain the appearance of Israel in the . and is worth following. 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. BBC News - Dear This Week: your views on our show million in Silver Point Capital Fund, L.P. using Imminent Need. have accused Silver Point of violating a court-ordered "screening wall" implemented to prevent improper trading in FiberMark's securities. Neither of these charts would suggest insider trading activity. 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. Ten percent of MAG was owned by SP MAG Holdings, a Delaware LLC. This investment was recommended by Aon Hewitt Investment Consulting and ATRS staff concurs as well. Robert O'Shea. robert o'shea silver point capital net worth July 7, 2022 Uncategorized to their financial advantage. Available tax filings reveal that the foundation awarded $2.2 million in grants in 2018. Investment banks' trading desks, notably If you require advice in relation to any financial matter you should consult an appropriate professional. Bob O'Shea. each of those durations to generate a final performance metric for each trade. by Edward Mule. 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. 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. Zippia gives an in-depth look into the details of Silver Point Capital, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Silver Point Capital. Using a database of 30 million profiles, Zippia estimates demographics and statistics for Silver Point Capital. "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. O'Shea has also served on the board of trustees at Fordham. By CNBC's Jeff Cox. free lookups / month. Get contact details including emails and phone numbers Enter the email address you signed up with and we'll email you a reset link. It will emphasize three main componentseducation, networking opportunities, and connection to industries. 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. $497,400 to the Republican Party. MIKE O'SHEA CHARITABLE GOLF CLASSIC Thursday, September 23, 2021 . Lorem ipsum dolor sit amet consectetur adipisicing elit. In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made 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. He went on to run the companys high yield business and their collateralized loan obligation business. This analysis is for one-year following each trade, . 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. 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. About. Since 2003, Silver Point has originated approximately $19bn in over 385middle market loans. [The banks] put them through a six month credit training program, because its technical, but now, banks are no longer the driver of leverage lendingits private lending funds, public business development companies, and theyre not training people, he said. Edward Mule donated Hedge fund manager Kyle Bass, founder of Hayman Capital Management, said a substantial U.S.-China trade agreement is unlikely at this stage. and The U.S. The most common ethnicity at Silver Point Capital is White (57%). Silver Point Capital is a Greenwich, Connecticut-based hedge fund that focuses on credit and special situations investments. Sign up for our email updates. That opened up a whole bunch of new industries, especially for people like me who specialize in distressed debt investing, he said. SOURCE OF WEALTH: Goldman Sachs; Silver Point Capital, FUNDING AREAS: New Jersey Community, Education, Health. Browse the listings for your next project. 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. . Live Now. [12] In 2015, Silver Point ranked No. Even by the normal brutish standards of bankruptcy proceedings, FiberMark has been particularly unrefined. 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. Chaim Description. We're using cookies, but you can turn them off in Privacy Settings. 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He established the company in 2002. The O'Sheas have also strongly supported their alma mater, Fordham University. In their work, both Gatto and OShea said that they began noticing a need for training in the credit markets. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. "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. If you use the site without changing settings, you are agreeing to our use of cookies. We want to hear from you. Mule, together with Silver Point Capital Co-Founder Robert O'Shea, built and led the company's distressed debt and special situation lending businesses. Silver Point Capital L.P. 500,000 0.7400 500,000 0.7400 370,000 39 2019-10-22: BAS . Want to track news by this author or about this industry? Weil, Gotshal & Manges He was also on the board of Goldman Sachs international bank and senior traders committee. 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. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies. Welcome to Wall Street's latest conflict-of-interest problem. Bob O'Shea CFA Society New York This page provides a comprehensive analysis of the known insider trading history of Robert J O'Shea. Silver Point Capital employees are most likely to be members of the republican . 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. None of the information on this page has been provided or approved by Silver Point Capital. O'Shea was co-CEO at the firm from 2002 until 2011 at which time he became chairman. Silver . 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. One area to keep an eye on in particular is integrative medicine. In the last couple of days several investors among those we track have disclosed changes in their equity portfolios. 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.". 0001123292-16-002573.txt : 20160805 0001123292-16-002573.hdr.sgml : 20160805 20160805170315 accession number: 0001123292-16-002573 conformed submission type: sc 13g public document count: 1 filed as of date: 20160805 date as of change: 20160805 group members: edward a. mule group members: robert j. o'shea subject company: company data: company conformed name: kadmon holdings, inc. central .