Bear Stearns . Its employees are politically diverse and represent a balanced blend of political orientations, with 50.0% Democrats and 50.0% Republicans. The three creditors cut prominent profiles. This Amendment No. The company is 45.0% female and 42.6% ethnic minorities. Sign up for a free account. Annual IP membership required. Its biggest drawdown was 35.5% between June 2007 and December 2008. 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. The outcome of the FiberMark case is being watched closely. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. 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. The post-financial crisis world has been very, very good for Silver Point Capital. 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. About Robert J. Oshea of SILVER POINT CAPITAL. Silver Point Capital may also be known as or be related to Silver Point Capital, Silver Point Capital, L.P. and Silver Point Capital . From 1995 to 2008, he served in a variety of management positions at Boston Scientific . Colleen Brown After joining the Firm in April 2002, he became the first non-founding partner in January 2003 . each of those durations to generate a final performance metric for each trade. Both O'Shea and his wife Michele are Fordham University graduates, as is at least one of their children. This investment was recommended by Aon Hewitt Investment Consulting and ATRS staff concurs as well. Michele, a life coach and yoga instructor, also motivates the couple's interest in yoga and integrative medicine. Lorem ipsum dolor sit, amet consectetur adipisicing elit. 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. Together, they created and led Goldman's distressed debt and special situation lending businesses before leaving to create Silver Point. The average employee at Silver Point Capital makes $75,779 per year. Mul headed or co-headed Goldman's Special Situations Investing Business from 1999 to 2001. 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. Robert O'Shea net worth is $1.3 Million Robert O'Shea Wiki: Salary, Married, Wedding, Spouse, Family . Silver Point Capital is a Greenwich, Connecticut-based hedge fund that focuses on credit and special situations investments. Apply to join the directory. RMcCausland@sagetelecom.net Allen, TX 75013-2789 For Transferee Patrick J. Whittle Brett P. Ferenchak . He was elected general partner in 1994. The bankruptcy courts have also instituted measures to prevent abuse. Edward Mul is Chief Executive Officer and Portfolio Manager of Silver Point Capital, a private investment firm he co-founded in 2002. Silver Point Capital generates $75.0M in revenue. Silver Point Capital is an investment manager focused on global credit investing. Silver Point Capital LP, founded in 2002 by Goldman Sachs alums Edward A. Mule and Robert J. OShea, is a Connecticut-based distressed debt and credit-focused private investment firm. Information on current and former positions, network members and contacts for Robert O'Shea. traded on confidential information it obtained as a member of FiberMark's creditors' committee. O'Shea founded and headed Goldman's Global Bank Loan Business, and headed Goldman's Global High Yield Business. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security Silver Point Capital is a Greenwich, Connecticut-based hedge fund that focuses on credit and special situations investments.. O'Shea has also served on the board of trustees at Fordham. CB Rank (Person) 33,347. Silver Point was founded in 2002 by Edward Mul and Robert O'Shea. Today, Silver Point Capital has over 200 employees and manages approximately $17.5 billion in capital. He subsequently grew the firm from $120 million in assets under management to $15 billion. the post-purchase plots to be upwardly sloping. Available tax filings reveal that the foundation awarded $2.2 million in grants in 2018. 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. Primary Organization. Today, the Firm manages approximately $10.5 billion of invested and committed capital, across its Flagship distressed and special situations hedge funds, Distressed . to the present day. if the insider is timing their trades to profit from insider information. the results are theoretical. 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 . 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. million verified professionals across 35 million companies. Likewise, non-cyclical declines As of January 2023, Silver Point Capital has over 260 employees, including over 80 investment professionals and manages approximately $22 billion in investible assets. We want to hear from you. Primary Job Title Co-founder. We believe in an intense work ethic and deep commitment to results. 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. Fortgang, who headed the bankruptcy practice at law firm Silver Point Capital competitors include Avenue Capital Group, King Street Capital Management, SL Green Realty, Evercore, Centaurus Financial, Denham Capital, Wealth Development Strategies, Lexington Realty Trust, Mariner Investment Group, Phoenix Financial Holdings, Realty Income, General Atlantic, Investacorp. As a life coach and yoga teacher committed to health and wellness, Michele values projects that support holistic health. 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. 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: trade are trades that were not made as part of a 10b5-1 trading plan. Despite their political differences, employees at Silver Point Capital seem to be happy. The County review. In turn, Silver Point and SPCP Group had a common member, Robert O'Shea, who was a New Jersey citizen. Sorry, no results has been found matching your query. Today, Silver Point manages more than $15 billion of assets under management across hedge fund, private equity, and direct lending strategies. He joined Goldman in 1990 to found and build the firms global bank loan business. 1 overall in Institutional Investor's annual Hedge Fund Report Card survey. over many years would result in downward sloping post-trade plots. Robert O'Shea. Without credit, businesses cant grow at the same rate.. 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.". Edward Mul. 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. Even by the normal brutish standards of bankruptcy proceedings, FiberMark has been particularly unrefined. Investment banks' trading desks, notably As of January 2023, Silver Point Capital has over 260employees, including over 80investment professionalsand manages approximately $22billion in investible assets. Credit Suisse First Boston Looking for a particular Silver Point Capital employee's phone or email? The company has great employee retention with staff members usually staying for 4.3 years. 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. 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. Former Goldman Sachs partnersEdward A. Mul and Robert J. OShea foundedSilver Point Capital in 2002, focusing on creditand special situations investments. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. 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. 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.. Is it a good time to buyPHH Corp (NYSE:PHH)? and was regarded as the country's top adviser to creditors' committees, is now an independent consultant working extensively with Silver Point. Headquartered in Greenwich, Connecticut, the firm has approximately 180 employees . 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. Sign In Subscribe. 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. 2023 CNBC LLC. Funds have implemented virtual "screening walls" to separate the activities of, and information available to, creditors' committee members and trading operations. This analysis is for one-year following each trade, and Its a competitive advantage to understand, OShea said. This does not mean Search over 700 The most common ethnicity at Silver Point Capital is White (57%). We're using cookies, but you can turn them off in Privacy Settings. 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. 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.. Gender Male. free lookups / month. 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. Have you worked at Silver Point Capital? 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. The average salaries at General Atlantic rank the highest, with their employees earning an. the firm, piloted by Edward Mule and Robert O'Shea, has . 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. Silver Point Capital, L.P. is a distressed debt and credit-focused private investment firm based in Greenwich, Connecticut. SP MAG had six members, including a Delaware limited partnership called Silver Point Capital Fund and a Delaware LLC called SPCP Group III. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Search and browse yearbooks online! Additional practices include creating separate file space for committee work and formal compliance reviews. OShea was a quintessential Fordham student, according to Gatto. , a unit of 2 overall in Institutional Investor's annual Hedge Fund Report Card survey.[13]. Success must be shared throughout our organization with respect to compensation, experience, knowledge and accolades. Fortgang Silver Point recently made headlines as part of a syndicate that provided $225 million in financing to troubled Using a database of 30 million profiles, Zippia estimates demographics and statistics for Silver Point Capital. 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. Then, as a second act, O'Shea co-founded Silver Point Capital, a credit and special situations hedge fund, 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. Founding Partners . Silver . The couple has also supported Fordham Preparatory School, Montclair Kimberly Academy, and Bergen Catholic High School, among other schools. Integrative medicine appears key for this funder. Mr. . In 2002, O'Shea co-founded the Greenwich, Connecticut-headquartered Silver Point Capital with fellow Goldman alum Edward A. Mule. And every single investment bank rejected me, OShea said. Post Advisory is Silver Point Capital employees are most likely to be members of the republican party. Looking for a particular Silver Point Capital employee's phone or email? Browse the listings for your next project. Many continue to trade actively in the company's securities--stocks, bonds, convertibles and credit derivatives. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging In a letter of Jerome complains that Evagrius is read by many, not just in the East but in the West as . The fund received the highest scores out of all hedge funds across Alpha Generation, Alignment of Interests, and Transparency. Silver Point Capital'sdistressed-debt offshore vehicle, which has $5.2 billion in AUM (August 2014), gained 3.9% through November in 2014. Silver Point Capital; Spring Lake Dental Arts; Eve Teich and Family; ViacomCBS; 2021 FRIENDS - He established the company in 2002. [12] In 2015, Silver Point ranked No. The average employee at Silver Point Capital makes $75,779 per year. It was founded in 2002 by former Goldman Sachs partners, Edward A. Mul and Robert J. O'Shea. Post Advisory Group (A trade claim is any claim on a company when it goes bankrupt--be it from suppliers, lawyers or employees. 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. "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. The post-financial crisis world has been very, very good for Silver Point Capital. (Read more: These big hedgefunds got crushed in January). Robert Morse Wilkinson Barker Knauer, LLP 2300 N Street, NW, Suite 700 Washington, DC 20037 . 20% of Silver Point Capital employees are Hispanic or Latino. 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. Insiders are officers, directors, or significant investors in a company. Headquartered in Greenwich, Connecticut, the firm has approximately 180 employees, including more than 60 investment professionals. Founder, Lone Pine Capital Net Worth: $2.1B Read More. Silver Point Capital. Prior to this, he worked for more than 16 years at Goldman Sachs. it is illegal for them to make any In their work, both Gatto and OShea said that they began noticing a need for training in the credit markets. Prior to Silver Point, Bob O'Shea served as Partner of Goldman Sachs in New York from 1994 to 2000. 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. 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. 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.. ", This is a BETA experience. 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. 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.". [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. "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. Data is a real-time snapshot *Data is delayed at least 15 minutes. Adjusted Shares is the split-adjusted shares. 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. In 2019, join American Experience and PBS to relive the journey that defined a generation. [1], It was founded in 2002 by former Goldman Sachs partners, Edward A. Mul and Robert J. OShea. Robert Mullins reviews the three models that have been put forth to explain the appearance of Israel in the . Contributed Photo/ST Show More Show Less 11 of 32 320. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Credit Suisse Group 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. 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. It returned 16.1% in 2013, 20% in 2012, and 4.5% in 2011. Finally, we average all of the performance metrics to calculate a performance metric for the insider. Silver Point Capital L.P. inked a $275 million agreement to buy the company as it comes out of Chapter 11. . Edward Mul, to launch Silver Point Capital, a hedge fund based in Greenwich, Connecticut, that focuses on "credit and special . a series of upwardly sloping curves, indicating positive returns after each purchase transaction. in finance. over many years, then we would expect all We believe our business is best pursued through teamwork and cross-fertilization of our business model. OShea created the secondary trading market of bank loans, Gatto said. To calculate this, we examine every open-market, unplanned purchase 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. In a recent fiscal year, Fordham University received a $1.1 million grant from the O'Sheas through their foundation. . OShea was co-CEO at the firm from 2002 until 2011 at which time he became chairman. The O'Sheas have also strongly supported their alma mater, Fordham University. Got a confidential news tip? Robert J. O'Shea is the co-founder at Silver Point Capital L.P. C. . 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. Mul headed or co-headed Goldman's Special Situations Investing Business from 1999 to 2001. Silver Point Capital, L.P. Chaim Fortgang Silver Point Capital LP . ), (Read more: A look inside hedge fund pay). (See the full report here. For instance, the couple created a program for nurses at Valley Hospital to educate them on "holistic practices for enhancing their own well-being." O'Shea was offered partnership at Goldman Sachs at age 29, making him the second-youngest partner in the firm's history. 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. in BAS / Basis Energy Services, Inc.. 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. 's On this Wikipedia the language links are at the top of the page across from the article title. Description. He was also on the board of Goldman Sachs international bank and senior traders committee. Silver Point Capital Offshore, Edward Mule, Robert O'Shea Silver Point Capital, . Want to track news by this author or about this industry? Employees in the top 10 percent can make over $140,000 per year, while employees at the bottom 10 percent earn less than $40,000 per year. 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 . 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. Jan 16, 2023 From Dr. O'shea to . 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. , 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. Follow him on Twitter @JeffCoxCNBCcom. Claiming and updating your company profile on Zippia is free and easy. There is a demand for credit-trained people, and not one other university is focused on it today at the undergraduate level.. The firm, along with such funds as The following table shows the most recent open market purchases that were not part of an automatic trading plan. MIKE O'SHEA CHARITABLE GOLF CLASSIC Thursday, September 23, 2021 . 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. Mul and O'Shea founded Silver Point in 2002 and quickly established the firm as a force in the fixed-income markets. In the case of (a), the PURCHASE chart would show , are active participants in the distressed arena. (business & personal). Socit de mdias/d'actualits valorisant le peuple et la culture GBAN. EMEA +44 20 7330 7500. Number of Founded Organizations 1. 2015-2023 Fintel Ventures LLC. 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. American International Group It is illegal for insiders to make trades in their companies based on specific, non-public information. When these funds also traffic in the company's securities, it creates a situation fraught with temptation. Silver Point Capital Rounding out the top 10 were Fortress Investment Group and Pine River Capital Management. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies. The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals Silver Point Capital's headquarters is in Greenwich, CT. Silver Point Capital, founded in 2001 by Goldman Sachs Group alumni Edward Mul and Robert O'Shea, has the ultimate comeback story. NEW JERSEY COMMUNITY: Based in New Jersey, the couples foundation directs money to a number of New Jersey organizations. O'Shea was co-CEO at the firm from 2002 until 2011, at which time he became chairman. . 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. in the same courtroom. Our estimates are verified against BLS, Census, and current job openings data for accuracy. 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. We seek to build enduring businesses and long-term relationships with our business partners and investors. and We place high value on being analytical, smart and intellectually rigorous, which facilitates delivery of our vision. 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. This Schedule 13G 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 the common stock of the Company by Silver Point Capital Fund, L.P. (the "Onshore Fund") and Silver Point Capital Offshore Master Fund, L.P. (the . Silver Point Capital is a private company. Hedge fund manager Kyle Bass, founder of Hayman Capital Management, said a substantial U.S.-China trade agreement is unlikely at this stage. 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