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. The diversity in Silver Point Capital employees extends to employee political beliefs. 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 . 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. 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 . Enter the email address you signed up with and we'll email you a reset link. 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. I applied [for jobs] at every single major investment bank on Wall Street. We place high value on being analytical, smart and intellectually rigorous, which facilitates delivery of our vision. in BAS / Basis Energy Services, Inc.. 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. A change in price from $10 to $20 would would be 100%, and a change in price of $10 to $5 would be -50%. 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. Bear Stearns It was founded in 2002 by former Goldman Sachs partners, Edward A. Mul and Robert J. O'Shea. expect either (a) positive returns after purchases, or (b) negative returns after sales. Since inception, the Firm has sought to build a world class investment management firm and a business model that would differentiate Silver Point in the market. This page provides a comprehensive analysis of the known insider trading history of Robert J O'Shea. The most common ethnicity at Silver Point Capital is White (57%). As a life coach and yoga teacher committed to health and wellness, Michele values projects that support holistic health. A Division of NBCUniversal. No credit card required. Get this delivered to your inbox, and more info about our products and services. Both O'Shea and his wife Michele are Fordham University graduates, as is at least one of their children. Follow him on Twitter @JeffCoxCNBCcom. Without credit, businesses cant grow at the same rate.. Robert Morse Wilkinson Barker Knauer, LLP 2300 N Street, NW, Suite 700 Washington, DC 20037 . Silver Point Capital Offshore, Edward Mule, Robert O'Shea Silver Point Capital, U.S. Credit 4.5 14.9 NA In BLOOMBERG MARKETS' first-ever ranking of the top 100 large hedge funds, bets on mortgages, . About UsContact UsConsultants DirectoryFAQ & HelpTerms of UsePrivacy Policy, Individual Subscriptions Multi-User Subscriptions . Jan 16, 2023 From Dr. O'shea to . Using a database of 30 million profiles, Zippia estimates demographics and statistics for Silver Point Capital. None of the information on this page has been provided or approved by Silver Point Capital. The following table shows the most recent open market sales that were not part of an automatic trading plan. Silver Point Capital, founded in 2001 by Goldman Sachs Group alumni Edward Mul and Robert O'Shea, has the ultimate comeback story. For instance, the couple created a program for nurses at Valley Hospital to educate them on "holistic practices for enhancing their own well-being." 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. Search and browse yearbooks online! 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 largest donation made to a political party by a Silver Point Capital employee was 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. trades in their own companies. In this situation, we would 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. SOURCE OF WEALTH: Goldman Sachs; Silver Point Capital, FUNDING AREAS: New Jersey Community, Education, Health. Is it a good time to buyPHH Corp (NYSE:PHH)? (A trade claim is any claim on a company when it goes bankrupt--be it from suppliers, lawyers or employees. The OSheas have also collaborated with a yoga organization called Kula for Karma to integrate therapeutic yoga and meditation programs for cardiac and cancer patients at Valley Hospital. Sign up for a free account. 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 national average salary for a Silver Point Capital employee in the United States is $75,779 per year. "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. Sign In Subscribe. 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 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. The O'Shea Family Foundation does not provide a clear method of contact, but below is an address: Want to get inside funders' heads? We constantly seek to create comparative advantages in each of our investment strategies. Silver Point Capital; Spring Lake Dental Arts; Eve Teich and Family; ViacomCBS; 2021 FRIENDS - 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 was a quintessential Fordham student, according to Gatto. Additional practices include creating separate file space for committee work and formal compliance reviews. [4], In 2014, Silver Point ranked No. The Firm's co-founders, Ed Mul and Bob O'Shea, have been building and managing credit and special situation businesses, including proprietary middle market direct lending . In 2021, the company reported to manage approximately $15 billion in assets. Mr. . 2 overall in Institutional Investor's annual Hedge Fund Report Card survey.[13]. To calculate this, we examine every open-market, unplanned purchase Robert Mullins reviews the three models that have been put forth to explain the appearance of Israel in the . He went on to run the companys high yield business and their collateralized loan obligation business. OShea said that the partner loved the idea and brought him on board to do it. CEO, Microsoft Net Worth: $22.5B Likewise, non-cyclical declines . The writings of Evagrius appear to have been widely known and read in antiquity. 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. Krispy Kreme Doughnuts Functional cookies, which are necessary for basic site functionality like keeping you logged in, are always enabled. Previously, banks handled the credit lending process, Gatto said. Lorem ipsum dolor sit, amet consectetur adipisicing elit. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Funds that sit on a company's creditors' committee are privy to information--earnings projections, acquisition plans, updated financial conditions and generally greater access to a company's books and records--unavailable to owners of a company's securities. About. On average, employees at Silver Point Capital stay with the company for 4.3 years. 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. 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. Edward A. Regardless of the outcome, the FiberMark case highlights a growing practice--hedge funds that join a bankrupt company's creditors' committee but continue to trade the company's securities. "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. Team 2nd Low Net & Team 3rd Low Net, Most Honest Golfer; Tina O'Shea, Wyckoff Y Cares Fund - "A Year in Review" . 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. 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. In a letter of Jerome complains that Evagrius is read by many, not just in the East but in the West as . Founded in 2002 by Edward A. Mul and Robert J. OShea, Silver Point Capital was designed and built to have the deep resources, expertise and capital needed to invest in the global credit markets throughout credit cycles. Following the lead of several other bankruptcy judges in such high-profile cases as [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. Fortgang, who headed the bankruptcy practice at law firm Silver Point Capital Before joining Goldman Sachs, Mr. O'Shea served senior positions with Bear Stearns & Co and Security Pacific Merchant Bank in New . Together, Mr. Mul and Mr. OShea built and managed Goldmans special situation business, as well as a proprietary senior secured, special situation direct lending business. Adjusted Price is the split-adjusted price. Edward Mul, to launch Silver Point Capital, a hedge fund based in Greenwich, Connecticut, that focuses on "credit and special . The firm, along with such funds as the results are theoretical. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging Got a confidential news tip? Silver Point Capital Lp is a hedge fund that manages 10.4 BN dollars in regulatory AUM and has 142 employees, of which 44 perform investment . Read the Privacy Policy to learn how this information is used. Brown 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. The Michigan Wolverines men's ice hockey team is the college ice hockey team that represents the University of Michigan in Ann Arbor, Michigan.Earning varsity status in 1922, the program has competed in 100 seasons. Power of Attorney of Robert O'Shea (incorporated here by reference to Exhibit C to Schedule 13G filed by Silver Point Capital, L.P., Edward A. Mul and Robert O'Shea with the Securities and Exchange Commission on February 16, 2016 relating to TopBuild Corp.). 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. Edward Mul. Over the past two weeks, Dan Leob's Third Point has been slowly increasing its bet on Kadmon Holdings Inc (NYSE:KDMN). over many years would result in downward sloping post-trade plots. Data is a real-time snapshot *Data is delayed at least 15 minutes. Information on current and former positions, network members and contacts for Robert O'Shea. This does not mean Robert O'Shea net worth is $1.3 Million Robert O'Shea Wiki: Salary, Married, Wedding, Spouse, Family . Its all about the peopleif you hire exceptional people, and you build a culture of teamwork, you can produce exceptional results, he said. Mr. OShea went on to become the head of the global high yield and bank loan businesses. Use the PitchBook Platform to explore the full profile. OShea was co-CEO at the firm from 2002 until 2011 at which time he became chairman. After reviewing more than 300,000 pages of documents, the examiner--. The outcome of the FiberMark case is being watched closely. (See the full report here. Sign up for our email updates. "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. Allow analytics tracking. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. 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. Silver Point Capital'sdistressed-debt offshore vehicle, which has $5.2 billion in AUM (August 2014), gained 3.9% through November in 2014. We strive to align our interests and those of our business partners and investors. Silver . 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. The case contains a noteworthy subplot, reuniting archrivals Harvey Miller and Investment banks' trading desks, notably 20% of Silver Point Capital employees are Hispanic or Latino. In the case of (a), the PURCHASE chart would show 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. Enron All Rights Reserved. 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. 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 finance. But over the past few months, this bucolic state has been the site of a nasty war involving some of the industry's most powerful hedge funds, bankers and lawyers. 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. Primary Job Title Co-founder. . Chaim Show More Silver Point Capital Demographics. Silver Point recently made headlines as part of a syndicate that provided $225 million in financing to troubled That opened up a whole bunch of new industries, especially for people like me who specialize in distressed debt investing, he said. Learn more in our Privacy Policy. The average employee at Silver Point Capital makes $75,779 per year. Prior to founding Silver Point, OShea worked at Goldman Sachs for 10 years. Many continue to trade actively in the company's securities--stocks, bonds, convertibles and credit derivatives. Get our editors daily picks straight in your inbox! NEW JERSEY COMMUNITY: Based in New Jersey, the couples foundation directs money to a number of New Jersey organizations. In a recent fiscal year, Fordham University received a $1.1 million grant from the O'Sheas through their foundation. EDUCATION: OSheas educations grants tend to prioritize institutions with which the family has personal ties; however, the couple funds education work beyond them. Its a competitive advantage to understand, OShea said. and WorldCom, she approved the creditors' request but set forth stringent trading rules to insulate the funds' trading operations from their committee-related activities. The post-financial crisis world has been very, very good for Silver Point Capital. Primary Organization. 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. 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 . Forbes Attach makes it easy. 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. O'Shea was co-CEO at the firm from 2002 until 2011 at which time he became chairman. 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 Greenwich, Connecticut-based hedge fund firm was down . EMEA +44 20 7330 7500. During the event, OShea and Gatto touched on a key benefit of the center: giving Gabelli students the kind of credit industry insight that other universities dont provide at the undergraduate level, helping them stand out and succeed in the job market. He subsequently grew the firm from $120 million in assets under management to $15 billion. Nearly 50 years ago, we took one small step. . Established in 2020, the center will formally launch next year. Silver Point Capital: Investor: Co-Founder, Partner & Chairman: Greenwich, CT: Hedge Fund: 0000-00-00: Robert J. O'Shea is the co-founder at Silver Point Capital L.P. 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. Founder, Lone Pine Capital Net Worth: $2.1B Read More. price. Steve Ballmer- Hunts Point, WA. Chaim Fortgang to their financial advantage. 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. 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. A consistent theme through the survey indeed was that investors seek more than performance: They want a fund that is open about its strategies and activities and has investors' interest at heart. After joining the Firm in April 2002, he became the first non-founding partner in January 2003 . Silver Point Capital, L.P. (including its affiliates, Silver Point Capital). This list only includes insiders that have made at least three trades in the last two years. Help us make this company more transparent. His disciple, Palladius, reports briefly on his literary activities in the Lausiac History and in the Coptic Life of Evagrius (B V161). In turn, Silver Point and SPCP Group had a common member, Robert O'Shea, who was a New Jersey citizen. In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made This analysis is for one-year following each trade, and million in Silver Point Capital Fund, L.P. using Imminent Need. O'Shea founded and headed Goldman's Global Bank Loan Business, and headed Goldman's Global High Yield Business. Tom Ford. Over the past few years, hedge funds--frustrated with interminably low interest rates and feeble returns with such strategies as equities and convertible arbitrage--have followed the lead of funds like Silver Point and piled into the distressed debt markets. The average employee at Silver Point Capital makes $75,779 per year. Silver Point Capital is an investment manager focused on global credit investing. The three creditors cut prominent profiles. Others physically separate creditors' committee representatives from the traders of stocks and bonds, placing them in different rooms or floors. To prevent transgressions, many hedge funds are beefing up their legal and regulatory personnel. While studying at Fordham, he decided he wanted to go into investment banking. According to a recent filing with the Securities and Exchange Commission,Edward A. The couple has also supported Fordham Preparatory School, Montclair Kimberly Academy, and Bergen Catholic High School, among other schools. in the PURCHASE chart and negative plots on the SALE chart. Hes one of five children, his dad was a New York City police officer, and he attended on a scholarship. jeudi 19 dcembre 1895, Journaux, Montreal (Qubec) :James N. Greenshields,1892-1896. . The estimated net worth of Silver Point Capital L.p. is at least $1.0 Billion dollars as of 2023-02-23. Funds describe this approach in marketing materials as "multi-strategy," boasting of their ability to invest "across a company's capital structure." Robert O'Shea, MD, MSCE, is a Staff physician in the Department of Gastroenterology and Hepatology and the Transplantation Center, located on the main campus of Cleveland Clinic. . and 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. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. He was elected general partner in 1994. Mule, together with Silver Point Capital Co-Founder Robert O'Shea, built and led the company's distressed debt and special situation lending businesses. 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. Edward Mule donated September 21st, 2021 - Hedge Funds Insider Trading, October 10th, 2019 - Hedge Funds Insider Trading, July 31st, 2019 - Hedge Funds Insider Trading, June 11th, 2016 - Hedge Fund Analysis Hedge Funds News, October 28th, 2015 - Hedge Fund Analysis Hedge Funds News. in the same courtroom. if the insider is timing their trades to profit from insider information. The estimated Net Worth of Timothy J O Shea is at least $3.17 Million dollars as of 14 December 2021. 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. 20% of Silver Point Capital employees are Hispanic or Latino. , are active participants in the distressed arena. Description. 1 to Schedule 13G ("Amendment No. 1 overall in Institutional Investor's annual Hedge Fund Report Card survey. 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. 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, . Competitors of Silver Point Capital include General Atlantic, Avenue Capital Group, and King Street Capital Management. The Firm has an extensive track record in the strategy, and Silver Points Founders have provided financing solutions to middle market companies for over 25 years.