Perry Capital LLC asked a judge to dismiss a lawsuit by Solus Alternative Asset Management LP in which Perry is accused of making a "willful breach" of obligations to sell an interest in $195 million of claims on Bernard L. Madoff's estate. Solus sued.
Last year in May, the company bought a minority stake in Illinois-based hedge fund firm, Magnetar Capital LLC. The fund has also acquired stakes in Senator Investment Group LP and Solus Alternative Asset Management LP.
including Paulson & Co., King Street Capital Management LP, Varde Partners Inc., Halcyon Asset Management LLC and Solus Alternative Asset Management LP have made billions of dollars trading in the debt. As claims are being paid out, often at a multiple of.
Solus Alternative Asset Management LP, a New York-based investment adviser to two funds holding 6 percent of NRG’s stock, said it agreed with NRG’s board that the Exelon offer in its current form was “highly conditional and undervalues NRG.”.
Bradley Meyer, a financial adviser to bank bondholders including Avenue Capital Group, Brigade Capital Management LP, Fir Tree Partners and Solus Alternative Asset Management LP, said the creditor group "looks forward to the completion of definitive.
A Wall Street investment fund has increased its stock ownership in YRC Worldwide to nearly 12 percent. Solus Alternative Asset Management LP, a hedge fund operated by Christopher Pucillo, disclosed in a regulatory filing that it now owns 1.34 million.
Claren Road Asset Management, LLC, Fir Tree Partners LP, Fore Research & Management, LP and Solus Alternative Asset Management LP. All of the plaintiffs except Fir Tree Partners LP are represented by Davis Polk & Wardwell LLP and Vicente & Cuebas.
Christopher Pucillo’s Solus Alternative Asset Management LP has raised its position in YRC Worldwide Inc. (NASDAQ:YRCW) to 2.55 million shares, a new filing with the SEC showed. This represents a significant increase by around 1.66 million shares from.
In a 13G filing on YRC Worldwide (NASDAQ: YRCW), Christopher Pucillo's hedge fund Solus Alternative Asset Management LP disclosed a 11.78%, or 1,344,792 share, stake in the company. This is up 299.44% from the 336,672 shares held at the end of the latest.