In this week’s Emerging Hedge Fund Spotlight, we look at three emerging hedge fund managers that were launched earlier this year. The emerging managers all employ strategies that focus on distressed investment opportunities. The list includes: Tiburon Capital Management, HG Vora Capital and Archview Investment.
The first hedge fund manager is Tiburon Capital Management, which was founded by CEO and portfolio manager Peter Lupoff. Prior to forming Tiburon, Mr. Lupoff was a Managing Director at multi-strategy hedge fund Millennium Management where he managed a portfolio of distressed and special situation investments. Mr. Lupoff’s distressed investing experience goes back to 1990 when he worked for Martin J. Whitman’s Third Avenue Management. Mr. Lupoff and his experienced team seek to outperform by “buying deeply discounted assets of fundamentally sound businesses.” Its strategies include “Distressed, Stressed & Out of Favor,” Capital Structure Arbitrage and Special Situations.
Next on the list is HG Vora Capital. The firm was founded earlier this year by Parag Vora. Prior to founding the firm, Mr. Vora worked for Silver Point Capital for five years. His new firm primarily invests in assets related to hospitality, gaming, and other leisure companies. The firm’s maiden fund, HV Vora Special Opportunities, was launched in April and focuses on distressed debt and special situations.
The final distressed hedge fund is Archview Investment., which was founded by former Citigroup executives, Jeff Jacob and John Humphrey. In February of 2009, the firm launched the Archview Credit Opportunities fund, which focuses on corporate credit and distressed assets. Initial investors to the fund include Citigroup Inc. and Blackstone Group LP.
Earlier this month, HedgeTracker highlighted Mudrick Capital Management, another notable distressed focused hedge fund that launched in 2009. For more information on the investors mentioned in this article, please see their “Detailed Investor Profiles” below.
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