Monarch Alternative Capital

Monarch Alternative Capital is a US investment fund with offices in London and New York founded in 2002 which specializes in distressed debt and bankrupt companies.[1]

The company was founded by Andrew Herenstein.[2] It controls funds of $6.62 billion.[3] As of September 30, 2015, Monarch manages approximately $4.9 billion in net assets under management.

It bought £20 million worth of properties from Four Seasons Health Care in December 2015.

It bought Oneida Limited in 2006 after the company had filed for Chapter 11 bankruptcy.[4]

It has a substantial interest in the Texas Rangers and American Apparel.

References

  1. ↑ "UK's biggest care home operator sells £20m of assets to US hedge fund". Independent. 27 December 2015. Retrieved 28 December 2015.
  2. ↑ "A Herenstein". Monarch Alternative Capital. Retrieved 7 April 2016.
  3. ↑ "Michael Weinstock's Monarch Alternative Capital Lp Bought Scorpio Bulkers Inc's Shares". Octa Finance. 29 October 2015. Retrieved 28 December 2015.
  4. ↑ New York Times: "Oneida's Backer Sees a Future in Flatware"

External links


This article is issued from Wikipedia - version of the 8/24/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.