robert o'shea silver point capital net worth

All rights reserved. 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. Edward Mul, to launch Silver Point Capital, a hedge fund based in Greenwich, Connecticut, that focuses on "credit and special . The O'Shea Family Foundation does not provide a clear method of contact, but below is an address: Want to get inside funders' heads? bought the argument. There is a demand for credit-trained people, and not one other university is focused on it today at the undergraduate level.. FIRM: Silver Point Capital AGE: 43 Tough customers when it comes to distressed situations, Mule and his partner, Robert O'Shea, have a sterling reputation. The couple has also supported Fordham Preparatory School, Montclair Kimberly Academy, and Bergen Catholic High School, among other schools. "When you combine hedge funds' enormous compensation scheme with the fact that they're unregulated, the incentives in place for someone to do something they shouldn't be doing are substantial," he says. After FiberMark filed for bankruptcy in March 2004, the creditors' committee--led by AIG, Post and Silver Point--requested that the court authorize them to continue trading the company's securities. Learn more in our. 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. Headquartered in Greenwich, Connecticut, the firm has approximately 180 employees . The data presented on this page does not represent the view of Silver Point Capital and its employees or that of Zippia. Prior to founding Silver Point, OShea worked at Goldman Sachs for 10 years. C. . 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. The SEC filings indicate Robert J O'Shea has reported holdings or trades in the following companies: The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Robert J O'Shea. OShea was a member of Goldmans risk committee, which was responsible for managing the firms global risk exposure. . 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. Founded in 2002 by former Goldman Sachs employees Edward Mul and Robert O'Shea . The firm, based in Greenwich, Connecticut, was founded in 2002. by Edward A. Mul and Robert J. O'Shea. This analysis is for one-year following each trade, and Silver Point Capital is in the investment management industry. The potential misuse of nonpublic information obtained on a creditors' committee is greater at hedge funds than at more traditional creditors such as commercial banks, insurance companies or mutual funds, says Chris Dialynas, managing director at bond manager Pimco. 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. One area to keep an eye on in particular is integrative medicine. What I would recommend is that you go in and become the number one market maker in loans [and] create an institutional product around bank loans.. To prevent transgressions, many hedge funds are beefing up their legal and regulatory personnel. Silver Point Capital employees are most likely to be members of the republican . The Greenwich, Connecticut-based hedge fund firm was down . 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. 1 overall in Institutional Investor's annual Hedge Fund Report Card survey. 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. Steve Ballmer- Hunts Point, WA. 1 overall in Institutional Investor's annual Hedge Fund Report Card survey. His disciple, Palladius, reports briefly on his literary activities in the Lausiac History and in the Coptic Life of Evagrius (B V161). 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. NEW JERSEY COMMUNITY: Based in New Jersey, the couples foundation directs money to a number of New Jersey organizations. Silver . , are active participants in the distressed arena. O'Shea was co-CEO at the firm from 2002 until 2011 at which time he became chairman. U.S. 236.2 holds with a net worth of $25 million or more Canyon Value Realization, . Sorry, no results has been found matching your query. in the PURCHASE chart and negative plots on the SALE chart. In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made CEO, Microsoft Net Worth: $22.5B , a specialty materials manufacturer based in Brattleboro, Vt., that the U.S. Bankruptcy Court for Vermont appointed an independent examiner to investigate the case. Silver Point Capital, L.P. (including its affiliates, Silver Point Capital). This Amendment No. 36 Joho Partners, Robert Karr Joho Capital, U.S. Long/short 2.3 13.9 21.0 Annual IP membership required. The funds claimed that if they were barred from trading the company's securities, they could "risk the loss of a beneficial investment opportunity" and "breach its fiduciary duty to its investors.". Founded by Edward Mul and Robert O'Shea, Silver Point invests in highly complex situations that generally require deep analytical resources, demand timely execution . But OShea said as he was moving up, he began to notice that the more senior that I was getting, the further away that I was getting from the business itself.. Krispy Kreme Doughnuts Help us make this company more transparent. Today, the Firm manages approximately $10.5 billion of invested and committed capital, across its Flagship distressed and special situations hedge funds, Distressed . . The national average salary for a Silver Point Capital employee in the United States is $75,779 per year. Such claims can be, and often are, traded like bank loans or other debt.). Silver Point recently made headlines as part of a syndicate that provided $225 million in financing to troubled After joining the Firm in April 2002, he became the first non-founding partner in January 2003 . and About Robert J. Oshea of SILVER POINT CAPITAL. In 2002, that prompted him and one of his partners at Goldman Sachs, Edward Mul, to launch Silver Point Capital, a hedge fund based in Greenwich, Connecticut, that focuses on credit and special situations investments. Today the firm manages about $15 billion in assets. Funds have implemented virtual "screening walls" to separate the activities of, and information available to, creditors' committee members and trading operations. FiberMark, which filed a second proposed plan of reorganization with the court on June 23, declined to comment, as did AIG and Silver Point. Here is a selection of the comments from This Week viewers on our show. Celebrating International Womens Day With Five Independent Jewelry Designers, New Apple Leak Reveals iPhone 15 Design Surprise, New iPhone 15 Exclusive Confirms Stunning Apple Design Decision. Robert Morse Wilkinson Barker Knauer, LLP 2300 N Street, NW, Suite 700 Washington, DC 20037 . O'Shea founded and headed Goldman's Global Bank Loan Business, and headed Goldman's Global High Yield Business. OShea said that he was rejected by a minimum of 50 firms, but with some persistence he landed an interview at Security Pacific and impressed them enough to get a job working in the leveraged loan market. The three creditors cut prominent profiles. About. Silver Point Capital LP, founded in 2002 by Goldman Sachs alums Edward A. Mule and Robert J. O'Shea, is a Connecticut-based distressed debt and credit-focused private investment firm. (business & personal). I applied [for jobs] at every single major investment bank on Wall Street. The average employee at Silver Point Capital makes $75,779 per year. AIG Global Investment Looking for a particular Silver Point Capital employee's phone or email? Silver Point Capital competitors include Avenue Capital Group, King Street Capital Management, SL Green Realty, Evercore, Centaurus Financial, Denham Capital, Wealth Development Strategies, Lexington Realty Trust, Mariner Investment Group, Phoenix Financial Holdings, Realty Income, General Atlantic, Investacorp. Principal Financial Group 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. Silver Point Capital | 2,226 followers on LinkedIn | Silver Point Capital, L.P. is a distressed debt and credit-focused private investment firm based in Greenwich, Connecticut. Got a confidential news tip? All the staff has been nice and very helpful! in finance. Many continue to trade actively in the company's securities--stocks, bonds, convertibles and credit derivatives. In a letter of Jerome complains that Evagrius is read by many, not just in the East but in the West as . This situation would be highly suggestive of an insider that was timing trades He established the company in 2002. Based in Greenwich, CT, Silver Point Capital is a small finance company with only 205 employees and an annual revenue of $75.0M. While studying at Fordham, he decided he wanted to go into investment banking. 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, . Number of Founded Organizations 1. It will emphasize three main componentseducation, networking opportunities, and connection to industries. , is one of a newfangled hedge fund species: funds that not only trade a company's distressed debt but also operate lending businesses--sometimes extending loans to the same companies whose debt it actively trades. We're using cookies, but you can turn them off in Privacy Settings. 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. 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. Respondents were asked to rank the companies according to eight criteria: alpha generation, risk management, alignment of interests; transparency, infrastructure, independent oversight, liquidity terms and investment relations. Claiming and updating your company profile on Zippia is free and easy. Post Advisory is In this situation, we would [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. This page provides a comprehensive analysis of the known insider trading history of Robert J O'Shea. O'Shea was offered partnership at Goldman Sachs at age 29, making him the second-youngest partner in the firm's history. The company has great employee retention with staff members usually staying for 4.3 years. Show More Silver Point Capital Demographics. Allow analytics tracking. The creditors' feuding scuttled FiberMark's first reorganization plan back in March. He subsequently grew the firm from $120 million in assets under management to $15 billion. Silver Point Capital generates $75.0M in revenue. 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. Silver Point Capital employees are most likely to be members of the Republican Party. This page provides a comprehensive analysis of the known insider trading history of Robert J O'Shea. For instance, the couple created a program for nurses at Valley Hospital to educate them on "holistic practices for enhancing their own well-being." Primary Organization. $497,400 to the Republican Party. Likewise, non-cyclical declines 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. Description. Edward Mul is co-Founder, CEO and Portfolio Manager of Silver Point Capital, a private investing firm, focused on credit, distressed and special situations. The data presented on this page does not represent the view of Silver Point Capital and its employees or that of Zippia. The largest donation made to a political party by a Silver Point Capital employee was On Oct. 21, members of the Fordham community heard how a unique idea helped Robert "Bob" O'Shea, GABELLI '87, become one of the youngest partners in Goldman Sachs history before establishing his own firm. O'Shea was co-CEO at the firm from 2002 until 2011, at which time he became chairman. Its employees are politically diverse and represent a balanced blend of political orientations, with 50.0% Democrats and 50.0% Republicans. 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. Prior to co-founding Silver Point, Ed Mul spent more than 16 years at Goldman Sachs. 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 . focused on credit and special situations investments. Learn more in our Privacy Policy. Information on current and former positions, network members and contacts for Robert O'Shea. H.4(a) Mr. Armstrong Ms. Garrity February 9 , 202 2 Page Two Also authorized was Resolution 202 2 -12 to commit up to $ 30 million in SK Capital Partners VI, L.P. with Imminent Need. It focuses on credit and special situations investments, and has been a creditor of Caesars Entertainment Corp. For its part, founded in 2020, Lancer Capital Management is based in Wayne . Lorem ipsum dolor sit, amet consectetur adipisicing elit. The fund reportedly had $9.62 . 20% of Silver Point Capital employees are Hispanic or Latino. in the same courtroom. ", This is a BETA experience. This analysis is for one-year following each trade, . 2015-2023 Fintel Ventures LLC. Insiders are officers, directors, or significant investors in a company. O'Shea has also served on the board of trustees at Fordham. We place high value on being analytical, smart and intellectually rigorous, which facilitates delivery of our vision. Its biggest drawdown was 35.5% between June 2007 and December 2008. Nothing on this website constitutes, or is meant to constitute, advice of any kind. The fund received the highest scores out of all hedge funds across Alpha Generation, Alignment of Interests, and Transparency. price. 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. Debunking The Myths - Are Rising Interest Rates Bad For Stocks? free lookups / month. 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.). Americas +1 212 318 2000. would show a series of downward sloping curves, indicating negative returns after each sale transaction. Ten percent of MAG was owned by SP MAG Holdings, a Delaware LLC. "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. Credit drives our economy, the global economy, the U.S. economyif you look at the history of the country, credit markets are at the center of the growth of the U.S. economy, OShea said. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. Silver Point Capital, L.P. is a registered investment adviser. 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 . Help other job seekers by rating Silver Point Capital. This investment was recommended by Aon Hewitt Investment Consulting and ATRS staff concurs as well. Our estimates are verified against BLS, Census, and current job openings data for accuracy. In 2019, join American Experience and PBS to relive the journey that defined a generation. If, for example, the share price of the company was in a non-cyclical climb Mul headed or co-headed Goldman's Special Situations Investing Business from 1999 to 2001. 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. Previously, banks handled the credit lending process, Gatto said. OShea said that the partner laid out their plan, which was to underwrite bank loans the way they previously had with stocks and bonds. Sign up for our email updates. Founding Partner & Chairman. OShea credits the companys success to hiring the right people, including Gatto, who came on three months after they launched and became the firms first non-founding partner. Stephen O. Moshier and James K. Hoffmeier reconstruct the changing ancient physical geography of the region due to dynamic interactions between the Nile river system, Mediterranean Sea, and the tectonics of the Red Sea rift system. The average salaries at General Atlantic rank the highest, with their employees earning an. Its a competitive advantage to understand, OShea said. OShea said that the partner loved the idea and brought him on board to do it. From 1995 to 2008, he served in a variety of management positions at Boston Scientific . 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. He was also on the board of Goldman Sachs international bank and senior traders committee. Founding Partner, Portfolio Manager & CEO. Search and browse yearbooks online! 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. During his tenure at Goldman Sachs, in addition to building the global bank loan business, he also became the global head of the high yield business unit, leading the firms high-yield bond and bank loan underwriting, trading, sales, capital markets and research, and the collateralized debt obligation (CDO) business. Jan 16, 2023 From Dr. O'shea to . Insiders are officers, directors, or significant investors in a company. O'Shea Robert J: Copper Property CTL Pass Through Trust: Silver Point Capital L.P. Gulfport Energy Corp: iHeartMedia, Inc. PDL Biopharma Inc: As of January 2023, Silver Point Capital has over 260 employees, including over 80 investment professionals and manages approximately $22 billion in investible assets. Credit Suisse Group Adjusted Shares is the split-adjusted shares. Get this delivered to your inbox, and more info about our products and services. Additional practices include creating separate file space for committee work and formal compliance reviews. In turn, Silver Point and SPCP Group had a common member, Robert O'Shea, who was a New Jersey citizen. In the last couple of days several investors among those we track have disclosed changes in their equity portfolios. SP MAG had six members, including a Delaware limited partnership called Silver Point Capital Fund and a Delaware LLC called SPCP Group III. Want to track news by this author or about this industry? Today, Silver Point manages more than $15 billion of assets . Live Now. At Goldman Sachs, OShea built a team to cover the bank loan industry and, at age 29, became one of the youngest people in the companys history to be named a partner. "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. Rounding out the top 10 were Fortress Investment Group and Pine River Capital Management. FiberMark Bob O'Shea. 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. . Post failed to return calls. According to court pleadings, AIG and Post now accuse Silver Point of committing trading violations by breaching the so-called screening walls. Silver Point Capital . 0001123292-16-002573.txt : 20160805 0001123292-16-002573.hdr.sgml : 20160805 20160805170315 accession number: 0001123292-16-002573 conformed submission type: sc 13g public document count: 1 filed as of date: 20160805 date as of change: 20160805 group members: edward a. mule group members: robert j. o'shea subject company: company data: company conformed name: kadmon holdings, inc. central . 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. Adjusted Price is the split-adjusted price. We strive to align our interests and those of our business partners and investors. Edward Mule donated 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. Have you worked at Silver Point Capital? American International Group Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies. in BAS / Basis Energy Services, Inc.. OShea said that while working there he had an idea for trading loans on the secondary market, where one investor purchases debt from another, and pitched this idea to other firms, including Bear Stearns. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. expect either (a) positive returns after purchases, or (b) negative returns after sales. We encourage and foster a specific culture in our firm characterized by integrity and honesty, humility, mutual respect, teamwork, strategic and creative thought, leadership, a commercial approach, rigorous execution and a commitment to excellence. Ultimately, we are trying to determine how closely the insider's trades correlate to excess returns (positive or negative) in the share price in order to see In 2002, O'Shea co-founded the Greenwich, Connecticut-headquartered Silver Point Capital with fellow Goldman alum Edward A. Mule. (Riverhead, N.Y.) 1903-1950, October 01, 1942, Page 9, Image 9, brought to you by Suffolk Cooperative Library System, and the National Digital Newspaper Program. Silver Point Capital. OShea was co-CEO at the firm from 2002 until 2011 at which time he became chairman. Others physically separate creditors' committee representatives from the traders of stocks and bonds, placing them in different rooms or floors. Silver Point, which has roughly $5 billion in assets, garnered an 11 percent return last year. The employees at Avenue Capital Group earn an average yearly salary of $116,240 per year, and the salaries at King Street Capital Management average $115,019 per year. No information presented on this website should be interpreted as constituting an offer to sell, or the solicitation of an offer to buy, interests in any Silver Point fund. 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. Mr. OShea went on to become the head of the global high yield and bank loan businesses. the results are theoretical. 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.".

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