Latigo's strategies include
distressed securities, special situations and long/short credit and equity investing.
He was regularly involved in financially advising those with
distressed securities and holders on structural and financial affairs surfacing in bankruptcies, workouts, reorganizations and restructurings, on top of those resulting from securities laws.
Previously, he spent several years at Oaktree Capital Management, where he was responsible for investments ranging from complex
distressed securities to opportunistic asset acquisitions.
Commenting on the first quarter 2016 results, Nader Tavakoli, President and Chief Executive Officer, said, "The substantial momentum we generated in 2015 across our strategies continued in the first quarter of 2016 with post-emergence records in quarterly purchases of Ambac
distressed securities and adjusted book value per share, and a further 7% reduction in our insured portfolio.
Cerberus has more than US $29 billion under management invested in four primary strategies: operational private equity; real estate-related investments; commercial mid- market lending, and
distressed securities and assets.
For example, in 2015, the worst performing hedge fund index according to BarclayHedge was
distressed securities, down 9.86% for the year.
Presently Cerberus Capital Management has more than USD28bn under management invested in four primary strategies:
distressed securities & assets; control and non-control private equity; commercial mid-market lending and real estate-related investments.
Rothschild for 18 years where he managed the firm's proprietary capital in world markets with particular emphasis on convertible securities, options, futures and
distressed securities. He became a partner in 1975, and vice chairman and a member of the board of directors of the public company in 1985.
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Merrill Lynch, Pierce, Fenner & Smith Incorporated $1.9 million for fair pricing and supervisory violations in connection with more than 700 retail customer transactions in
distressed securities over a two-year time period.
Auction rate securities were viewed as cash equivalents from the inception of the ARS market in 1984 until February 2008, according to Pluris Valuation Advisors, a valuation firm that specializes in illiquid and
distressed securities and business valuations, with offices in New York and California.
In this new role, Santry will manage the firm's distressed and special situations trading effort, which includes the sales and trading of distressed corporate bonds, leveraged loans, special situations and other
distressed securities.
Then there are high-net-worth individuals like billionaire Sam Zell, who just announced a $625 million fund to buy
distressed securities backed by commercial real estate and other assets.
