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News

Perry Capital seeks dismissal of Solus suit on Madoff claims
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.

Blackstone (BX) Buys Stake in Marathon Asset Management
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.

Hedge Funds Aren’t Going To Say They’re Thrilled Lehman Bit The Big One But…
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.

Big shareholder backs NRG opposition to Exelon bid
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.”.

Puerto Rico Development Bank Strikes Creditor Deal
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.

Investment fund boosts stake in YRC Worldwide to nearly 12 percent
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.

Bondholders File Motion to Continue Constitutional Challenge to Moratorium Act Following Enactment of PROMESA
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.

Solus Alternative Asset Management Boosts Stake in YRC Worldwide Inc. (YRCW) to 8.9%
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.

Solus Alternative Asset Management Raises Stake in YRC Worldwide (YRCW) to 11.78%
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.