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Dec 15, 2021 · Markets. Anchorage to Close $7.4 Billion Hedge Fund as Ulrich Era Ends. Kevin Ulrich relinquishes CEO role to become firm’s chairman. The closure is one of the biggest among hedge funds this ...
Dec 15, 2021 · A letter to investors from investment group founder Kevin Ulrich reported the closing of Anchorage Capital Partners after 18 years in existence.
Dec 15, 2021 · Kevin Ulrich ’s two-decade run at the top of Anchorage Capital Group is over. The co-founder of what was once among the world’s biggest distressed-debt hedge funds said he’s closing the flagship vehicle and ceding his day-to-day role as chief executive officer, after years of client withdrawals and uncooperative markets.
Dec 15, 2021 · New York-based Anchorage Capital, run by CEO Kevin Ulrich, is known for managing investments in credit, special situations and illiquid opportunities in North America and Europe.
- Joshua Fineman
Dec 15, 2021 · Anchorage Capital Group is closing its $7.4 billion flagship evergreen credit hedge fund Anchorage Capital Partners. ... CEO Kevin Ulrich said in a letter to clients obtained by Pensions ...
Anchorage was founded in 2003 by Kevin Ulrich and Tony Davis. [7] [8] Both previously worked in the distressed-debt business of Goldman Sachs. [7] [8] The firm received $100 million in seed money from Reservoir Capital Group. [7] [8] Later on, Davis left the firm to start Inherent Group, which focused on ESG investments. [9]
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Aug 26, 2020 · That deal left investment firm Anchorage Capital Group as the retailer's current majority owner. Kevin Ulrich, Anchorage's CEO, said in the release that his firm sees "an immense opportunity for ...
