Anchorage Capital Partners is behind the DSE story. Anchorage Capital Group is a US based hedge fund.
********
46: Anchorage Capital Group – New York, NY, USA
This distressed-focused hedge fund, which was founded in 2003 by former Goldman Sachs distressed debt trading specialists Kevin Ulrich and Anthony Davis with $100m in seed money from Daniel Stern’s Reservoir Capital Group, is one of the more secretive firms in the top 50. After several years of moderate gains, Anchorage had a bumper year in 2013, and this may make it more difficult for the firm to maintain its current low profile, which in itself is a considerable feat for any firm with over $10bn under management. Between 2012 and 2013, the amount of capital under management grew modestly from $10bn to $10.4bn, although demand from investors could be expected to increase substantially over the near term.
SGH Price at posting:
31.5¢ Sentiment: None Disclosure: Not Held
