Brigade Capital

Brigade Capital Management, LP, more commonly referred to as Brigade Capital, is a global alternative investment manager specializing in credit investment strategies. The firm employs a multi-strategy, multi-asset class investment approach focused on leveraged balance sheets and manages core strategies across long/short credit, distressed debt, capital structure arbitrage, long/short equities and structured credit.[1] The hedge fund invests primarily in the retail, media, telecommunications, healthcare, finance, utilities and energy sectors with particular expertise in distressed securities, bankruptcy and reorganization.[2]

Brigade Capital Management, LP
Private
IndustryPrivate Equity, Hedge Fund
Founded2006
HeadquartersNew York City, USA
London, UK
Tokyo, Japan
Sydney, Australia
Key people
Patrick W. Kelly, CEO
Donald E. Morgan III, CFA
ProductsLeveraged buyout, Distressed securities, Growth capital
Total assets$25 billion
Websitewww.brigadecapital.com

History

Founded in 2006 by Patrick W. Kelly and Donald E. Morgan III, the firm is headquartered in New York City with offices in London, Tokyo and Sydney.[3][4][5] In March 2017, Brigade Capital won Firm of the Year from Absolute Return Awards, an award given to the world’s best-performing hedge funds.[6][7]

In 2017, the hedge fund was allegedly defrauded by Craig Carton of WFAN (AM) along with co-conspirators Michael Wright and Joseph Meli, who reportedly ran a Ponzi scheme falsely claiming access to millions of dollars of concert tickets at face value through non-existent agreements with concert promoters.[6][7]

References
  1. Keller, Laura (10 January 2017). "Brigade Capital Said to Return 23% in 2016 as Credit Roars Back". Bloomberg. Retrieved 19 October 2017.
  2. Herbst-Bayliss, Svea (22 December 2015). "Hedge fund Brigade's credit fund suffers fresh losses in November". Reuters. Retrieved 19 October 2017.
  3. McDonald, Duff (4 September 2007). "The Running of the Hedgehogs". New York. Retrieved 19 October 2017.
  4. Levy, Rachael (17 March 2017). "'I think it benefits everybody': Hedge fund managers are cheering Trump". Business Insider. Retrieved 19 October 2017.
  5. "'Brigade Capital Management". Retrieved 19 October 2017.
  6. Dickey, Jack (6 September 2015). "WFAN Host Craig Carton Allegedly Defrauded New York-Based Brigade Capital Management". Sports Illustrated. Retrieved 19 October 2017.
  7. Brooks, Dave (11 September 2015). "SEC Scrutinizes $2 Million Wire Transfer Between WFAN's Craig Carton, Hedge Fund and Barclays Center". Billboard. Retrieved 19 October 2017.


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