Podcasts about special situations

In this episode of All the Credit®, Credit Markets in Transition, we explore the evolving role of liability management in global credit markets and how they're reshaping outcomes for investors, creditors, and the broader credit market. PGIM Fixed Income's Brian Barnhurst, CFA, Head of Global Credit Research, hosts Ryan Kelly, CFA, Lead Portfolio Manager and Head of Special Situations, and Rishav Puri, Special Situations Credit Analyst.   Recorded on May 21, 2025.

In today's episode, Kip dives into the evolving dynamics of the stock market as confidence begins to return and new sectors and special situation stocks start to shine even amid global tariff threats and shaky open markets. He covers the latest moves from the White House impacting nuclear power, spotlights the explosive performance of companies like GameStop under Ryan Cohen's bold leadership, and shares valuable insights on how you might piggyback on these trends. Tune into today's podcast to learn more. 

Our guest for today's podcast is Sandor Hau, Managing Director and President of Charlesbank Credit. Sandor oversees the firm's opportunistic Credit team and investing strategy.  Sandor joined Charlesbank in 2016 from Nomura Securities, where he was a Managing Director and Head of Corporate Credit and Special Situations. Previously, he was a Managing Director at Goldman Sachs and Head of Credit Investing and Private Equity within the principal strategies group.   Sandor was born and grew up in rural Lancaster, PA, and is a big Philadelphia sports fan. He currently lives in Rye, NY, and is actively involved with community and sports activities with his four kids. He likes running, basketball and racquet sports. He is actively involved with the Korean American community as co–chairman of The Korea Finance Society. He is also a member of the Council on Foreign Relations. Without further ado, here is our conversation with Sandor Hau.

Welcome back, everyone! I sat down with my new friend Daniel Wedman, the head of special situations at Sopris Capital. We delved into a variety of topics, focusing on the dynamic world of Bitcoin and crypto investments, and the evolving landscape of capital markets.Daniel's Career JourneyDaniel shared his fascinating career trajectory, starting from his early days at Citigroup on a special situations team, to his roles at SL Green and Wheelock Street Capital. His journey into the crypto world began as a side hobby of mining Bitcoin, which eventually led him to join Galaxy Digital's Bitcoin mining team.Sopris Capital and Investment StrategiesAt Sopris Capital, Daniel initially joined to build out the real estate arm but soon found himself pitching innovative investment ideas to Andy Paul, the open-minded founder. One notable strategy involved an ASIC arbitrage, where they imported ASICs from Asia, mined Bitcoin while waiting for them to sell, and then sold them at a premium.Bitcoin ATMsWe discussed the lucrative business of Bitcoin ATMs, which Daniel stumbled upon through a meetup in New York. Sopris Capital started with 50 machines in Canada and expanded to 200 in the U.S., with plans for further growth. Daniel highlighted the strong cash-on-cash returns and the significant market potential, especially among the underbanked.Stranded Energy and Bitcoin MiningDaniel explained the concept of stranded energy and how Bitcoin mining can utilize cheap, otherwise wasted energy sources. He shared an example of a curtailed wind energy project in West Texas, where they built a data center to mine Bitcoin using cheap wind energy.Economic Shifts and Investment OpportunitiesWe touched on the broader economic shifts and how they create opportunities for agile and flexible investors. Daniel emphasized the importance of reading the tea leaves and understanding the second and third-order consequences of policies aimed at helping working-class Americans.Compliance and Industry MaturationThe conversation also covered the increasing compliance requirements in the Bitcoin ATM industry and how this is leading to consolidation, with smaller players being acquired or going dark. Daniel sees this as a positive development, signaling the maturation of the industry.Future of Energy and ComputeDaniel shared insights from his time at Galaxy Digital, emphasizing the critical role of energy in the future of digital networks and compute. He expressed optimism about breakthroughs in energy technology, which could unlock a new era of innovation.Closing ThoughtsIt was a pleasure having Daniel Wedman on the show. His deep knowledge and innovative approach to crypto investments provided valuable insights for our listeners. As always, major changes in the world present opportunities for those who are prepared to adapt and innovate.Thank you for tuning in to The Charlie Shrem Show. Stay tuned for more deep dives with influential leaders in the Bitcoin and crypto space. Thank you for listening to The Charlie Shrem Show. For more free content and access to over 400 episodes, visit www.CharlieShrem.com.

What do elevated interest rates mean for private equity? Why is demand for junior capital solutions growing? What is the impact of the current supply/demand imbalance in asset-backed finance? In the latest episode of The Insight: Conversations, Matt Wilson (Co-Portfolio Manager, Special Situations), Christina Lee (Co-Portfolio Manager, U.S. Private Debt), and Jennifer Marques (Head of Strategy and Structuring, Structured Credit) discuss topics from the recently published edition of The Roundup: Top Takeaways from Oaktree's Quarterly Letters.

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comAt the moment it is relentless. I suppose I should take it as a compliment, but every day, sometimes several times per day some new account masquerading as me pops up. I block, report and delete as soon as I get wind of it, but I can't be in front of my computer 24/7. Please be aware: I don't use Telegram. I never invite people to chat on WhatsApp. So if somebody who appears to be me solicits you to join them on Telegram, WhatsApp or anywhere else, it is not me. It is someone who is trying to scam you.Let me start today's note with a very warm welcome to the many new readers who have signed up the Flying Frisby. Many have signed up because of the recent promotion for Lifetime Membership. That ends today, so if it's caught your eye, time is running out. For a one-off payment of just £450/$570 you will get full access to the Flying Frisby for life.Click the button below and you will see the option - I stress this is a one-off paymentToday, with stock markets looking very wobbly indeed, I thought it would be a good time to check in on the Dolce Far Niente portfolio.Dolce Far Niente, as I'm sure you know, means “the sweetness of doing nothing”, and the idea was to create a strong, long-term portfolio * which will grow and thrive* with which you will not have to constantly tinker* about which you will not to have to constantly worry. You can just leave it alone and let it be.It emphasises strategic asset allocation - being in the right market - above individual stock picking.So, with so many new readers, and with it being six months since we last looked, let's check in on it today.1 Gold (15% allocation)Gold is the ultimate Dolce Far Niente asset. It does nothing but sit there and look sweet. The shine may be coming off everything else, but it will never come off gold. It's up 55% since inception in October 2023 and going strong.My firm belief is that everyone should own some gold. Especially now.My guide to investing in gold is here. If you are looking to buy gold, try the Pure Gold Company.2. Bitcoin (5% allocation)HODL is another way of saying Dolce Far Niente, and, even with the current shake out, bitcoin has been another winner. It has more than tripled since inception (a 233% gain).Some will argue bitcoin has no place in a “low risk” portfolio such as this. I'd argue that the greater risk is not owning bitcoin.For those in the UK who can't buy it directly or buy the ETFs, our vehicle to play bitcoin via a UK-broker, and circumvent/satisfy ill-conceived-FCA regulation, was to own Nasdaq-listed Strategy Inc (Nasdaq:MSTR).This is one volatile stock, and the chart now looks nasty, but its President Michael Saylor is a genius. He embraces volatility, seeing it as a feature not a flaw. And the company has been another winner, up 9x since the inception of the portfolio, even after the recent correction.By the way, Strategy is proving a leading indicator for bitcoin - it was already falling when bitcoin was re-testing its old high. That makes it a super-useful forecaster. Take note.3. Special Situations (10%)This is the fun/painful part of the portfolio. Lightbridge (NASDAQ:LTBR) was a big winner here, as was and the tax-loss trade (time to exit this one if you haven't already). Junior miners, Condor and tax-loss trade aside, continue to suck.By the way, check out this nuts Lightbridge chart. The bots must have got hold of it. Surely one be one to buy on the dips and exit on the spikes.4. Uranium (5% allocation, reduced to 2.5%)I reduced the uranium allocation to 2.5% in February 2024, because it all felt too frothy. That has proved a good decision, as the price has since come down. We are in proper bear market now.I don't like uranium miners. Most of them will not see any production for years, decades even and are, therefore, drains on capital. We own the metal itself.

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comAt the moment it is relentless. I suppose I should take it as a compliment, but every day, sometimes several times per day some new account masquerading as me pops up. I block, report and delete as soon as I get wind of it, but I can't be in front of my computer 24/7. Please be aware: I don't use Telegram. I never invite people to chat on WhatsApp. So if somebody who appears to be me solicits you to join them on Telegram, WhatsApp or anywhere else, it is not me. It is someone who is trying to scam you.Let me start today's note with a very warm welcome to the many new readers who have signed up the Flying Frisby. Many have signed up because of the recent promotion for Lifetime Membership. That ends today, so if it's caught your eye, time is running out. For a one-off payment of just £450/$570 you will get full access to the Flying Frisby for life.Click the button below and you will see the option - I stress this is a one-off paymentToday, with stock markets looking very wobbly indeed, I thought it would be a good time to check in on the Dolce Far Niente portfolio.Dolce Far Niente, as I'm sure you know, means “the sweetness of doing nothing”, and the idea was to create a strong, long-term portfolio * which will grow and thrive* with which you will not have to constantly tinker* about which you will not to have to constantly worry. You can just leave it alone and let it be.It emphasises strategic asset allocation - being in the right market - above individual stock picking.So, with so many new readers, and with it being six months since we last looked, let's check in on it today.1 Gold (15% allocation)Gold is the ultimate Dolce Far Niente asset. It does nothing but sit there and look sweet. The shine may be coming off everything else, but it will never come off gold. It's up 55% since inception in October 2023 and going strong.My firm belief is that everyone should own some gold. Especially now.My guide to investing in gold is here. If you are looking to buy gold, try the Pure Gold Company.2. Bitcoin (5% allocation)HODL is another way of saying Dolce Far Niente, and, even with the current shake out, bitcoin has been another winner. It has more than tripled since inception (a 233% gain).Some will argue bitcoin has no place in a “low risk” portfolio such as this. I'd argue that the greater risk is not owning bitcoin.For those in the UK who can't buy it directly or buy the ETFs, our vehicle to play bitcoin via a UK-broker, and circumvent/satisfy ill-conceived-FCA regulation, was to own Nasdaq-listed Strategy Inc (Nasdaq:MSTR).This is one volatile stock, and the chart now looks nasty, but its President Michael Saylor is a genius. He embraces volatility, seeing it as a feature not a flaw. And the company has been another winner, up 9x since the inception of the portfolio, even after the recent correction.By the way, Strategy is proving a leading indicator for bitcoin - it was already falling when bitcoin was re-testing its old high. That makes it a super-useful forecaster. Take note.3. Special Situations (10%)This is the fun/painful part of the portfolio. Lightbridge (NASDAQ:LTBR) was a big winner here, as was and the tax-loss trade (time to exit this one if you haven't already). Junior miners, Condor and tax-loss trade aside, continue to suck.By the way, check out this nuts Lightbridge chart. The bots must have got hold of it. Surely one be one to buy on the dips and exit on the spikes.4. Uranium (5% allocation, reduced to 2.5%)I reduced the uranium allocation to 2.5% in February 2024, because it all felt too frothy. That has proved a good decision, as the price has since come down. We are in proper bear market now.I don't like uranium miners. Most of them will not see any production for years, decades even and are, therefore, drains on capital. We own the metal itself.

"Eine Große Koalition wäre aus Börsensicht die beste Lösung. Ein Weiter-so mit Tendenz zu Verbesserungen", meint Wiki-Trader Christian Scheid im Interview nach der Bundestagswahl. Eine Korrektur in den Märkten ist immer möglich, kleinere (oder größere) Kipppunkte reichen, wie zum Beispiel drastische Einsparungen im US-Haushalt. In Deutschland wartet nicht nur Christian Scheid auf das Comeback der Nebenwerte. "Ich stehe mit Cash bereit. Ich sehe erste Belebungstendenzen." Über 85 % Cash im Wikifolio Special Situations long/short ( https://go.brn-ag.de/398 ), darunter einige Übernahmekandidaten: "Bei PNE würde ich sogar noch einmal nachkaufen. Der Aktienkurs der Commerzbank kennt keine Grenzen. Eine der spannendsten Storys seit vielen Jahren, daher mit der höchsten Gewichtung im Depot: Pentixapharm."

Angelo Rufino, Partner and Head of Special Situations in North America and Head of Corporate Special Situations in Europe for Bain Capital, joins Bridget Walsh, EY Global Head of Private Equity. In this episode Angelo shares his insights on the differentiated opportunities for Special Situations investing. 17 mins. The views of third parties set out in this podcast are not necessarily the views of the global EY organization or its member firms. Moreover, they should be seen in the context of the time they were made.

My guest on the show today is Conor Maguire, Founder and Editor of the Value Situations Newsletter on Substack. I've always enjoyed Conor's appearances on Yet Another Value Podcast pitching individual ideas, and invited him on here to share more about his background, fundamental investing philosophy, what an ideal investment looks like to him, investing framework, and more. Special situations is always fun to talk about, in my opinion, and some of my favorite conversations are had when discussing the topic. This one with Conor fits that bill in spades. And for full disclosure, we discussed a number of companies during today's podcast, I am not a shareholder in any of them. For more information about the Value Situations Newsletter, please visit: https://valuesits.substack.com/  You can Follow Conor Maguire on Twitter/X: https://x.com/ValueSituations We're excited to announce that we'll be partnering up with MicroCapClub for our full slate of investor conferences in 2025. Ian Cassel and his team at MicroCapClub have not only built and fostered the best community of MicroCap investors, but it's arguably one of the best investing communities, period. We couldn't be more thrilled to leverage our expertise in curating and hosting large scale MicroCap conferences, and teaming up with MicroCapClub to put together world class conferences for the MicroCap community. First up, the Planet MicroCap Showcase: VEGAS in partnership with MicroCapClub will be held on April 22-24, 2025 at the Paris Hotel & Casino in Las Vegas. Registration is now live, please visit: https://www.meetmax.com/sched/event_113149/conference_home.html. See you in Vegas! Planet MicroCap Podcast is on YouTube! All archived episodes and each new episode will be posted on the Planet MicroCap YouTube channel. I've provided the link in the description if you'd like to subscribe. You'll also get the chance to watch all our Video Interviews with management teams, educational panels from the conference, as well as expert commentary from some familiar guests on the podcast. Subscribe here: http://bit.ly/1Q5Yfym Click here to rate and review the Planet MicroCap Podcast The Planet MicroCap Podcast is brought to you by SNN Incorporated, The Official MicroCap News Source, and the Planet MicroCap Review Magazine, the leading magazine in the MicroCap market. You can Follow the Planet MicroCap Podcast on Twitter @BobbyKKraft

Radius Athletics' Randy Sherman and A Quick Timeout's Tony Miller break down coaching decisions for special situations and prepping your team for the close-game scenarios.Click to watch and see resources referred to in this episodeThis episode is sponsored by the Dr. Dish Basketball Shooting Machine. Mention "Quick Timeout" and receive $300 off on the Dr. Dish Rebel, All-Star, and CT models.Thanks to our partners, GameChanger! The one app every basketball team needs. Free live video streaming, advanced scorekeeping, live game and season stats, automatic highlight clips, and team management. Learn more at GameChanger!

Asif Suria, Author of "The Event-Driven Edge in Investing: Six Special Situation Strategies to Outperform the Market" and Founder and CEO at Inside Arbitrage, joins the podcast for the second time to discuss his thesis on Pebblebrook Hotel Trust $PEB, as well as his thoughts on insider activity post-election. You can buy your copy of Asif's new book, "The Event-Driven Edge in Investing: Six Special Situation Strategies to Outperform the Market" here: https://www.amazon.com/Event-Driven-Edge-Investing-Strategies-Outperform-ebook/dp/B0CN3PF1SW?_encoding=UTF8&dib_tag=se&dib=eyJ2IjoiMSJ9.1zuikMLb5MN1aQVWodj1ww.Nui4P_rilsWES5p1FNmoTnd5v0myqxSeQautyazGgno&qid=1715709920&sr=8-1&linkCode=sl1&tag=andrew613880e-20&linkId=376c305fd243b22988ebba35edf5ecee&language=en_US&ref_=as_li_ss_tl Chapters: [0:00] Introduction + Episode sponsor: Fintool [2:13] What is Pebblebrook Hotel Trust and why are they interesting to Asif [6:18] Insider purchases at Pebblebrook Hotel Trust [9:44] What Asif is seeing with Pebblebrook Hotel Trust that the market is missing [13:56] $PEB portfolio [18:56] Management claim on 11-14% ROI growth investment / NAV numbers from their November 2024 investor presentation [23:20] Competitive landscape - why $PEB over other hotel companies / Share buybacks [28:07] What keeps Asif up at night about his $PEB thesis and investment [29:50] Management incentives [36:12] AirBnB risk? [37:59] Special Situations in general: What have insiders been looking at post-election / sectors Asif is seeing a lot of insider buying currently and elevated insider selling [44:28] Spin-offs Today's sponsor: Fintool Fintool is ChatGPT for SEC Filings and earnings calls. Are you still doing keyword searches and going to the individual filing and using control F? That's the old way of doing things before AI. With Fintool, you can ask any question and it's going to automatically generate the best answer. So they may pull from a portion of an earnings call, or a 10k, whatever it may be and then answer your question. The best part- every portion of the answer is cited with the source document. Now- if you've tried to do any of this in ChatGPT you may know that the answers are often wrong or hallucinations. The way Fintool is able to outperform ChatGPT is their focus on the SEC filings. If you're an analyst or a portfolio manager at a hedge fund, check them out at https://fintool.com?utm_source=substack&utm_campaign=yavb&utm_content=podcast280

“A marriage…chemistry… [and] shared vision” is how Bain Capital partner Angelo Rufino described investments centered around a new asset class of hybrid capital that combines features of debt and equity in a conversation with Bloomberg Intelligence's Negisa Balluku that took place live at Beard Group's Distressed Investing Conference. As Head of Special Situations in North America as well as Head of Corporate Special Situations in Europe, Rufino shared his perspective on the bespoke nature and the “win-win” value proposition of a special situations product that provides both operational value-add and financing capital. (8:36) Prior to that, Noel Hebert, head of Bloomberg Intelligence's global credit strategy, and Philip Brendel, BI distressed-credit analyst, assessed the impact of an improved M&A environment in a Trump administration on distressed-debt supply. The podcast concludes with Negisa, Phil and Noel discussing the latest developments in Spirit Airlines, J&J's talc bankruptcy, Yellow, Hertz, Avon and Hearthside. (52:27)

"Das Eigenkapitalforum ist genau meine Spielwiese", so wiki-Trader Christian Scheid, "denn hier in Frankfurt präsentieren sich viele Unternehmen aus dem Small- und Midcap-Bereich." Das Börsenradio sendet aus dem Camper-Studio im Steigenberger Airport Hotel Frankfurt. Lediglich acht Werte befinden sich im wikifolio Special Situations long/short ( https://go.brn-ag.de/361 ), Scheid hält über 50 % Cash im Hintergrund, "weil ich kurzfristige Chancen wahrnehmen möchte. Cash ist für mich Risikokontrolle". "Als Trader versuche ich, spannende Sondersituationen herauszupicken." Nach Gewichtung im Portfolio: Bavarian Nordic, PENTIXAPHARM, Commerzbank, Covestro, Deutsche Wohnen, Salzgitter ("Übernahmestorys finde ich seit jeher spannend"), BRAIN sowie NAKIKI SE (vormals windeln.de) als "Spaßposition".

Shiv interviews Jordon Kruse, Managing Director and Co-Portfolio Manager, and Matt Wilson, Managing Director and Co-Portfolio Manager, at Oaktree Capital.  In this episode, Matt and Jordon explain their approach to special situations investing, including rescue financing transactions where they restructure the debt and balance sheet of companies. They share how they create the most value for their LPs, how they're protecting themselves from risk, and how a company's cash flow might be impacted by debt service in the current market. Learn about different financing options and the current realities of today's market for PE firms.  The information contained in this podcast is not intended to constitute, and should not be construed as, investment advice.

In this second episode, Pascal Chrobocinski, Senior Hedge Fund Advisor, and Michael Baughan, Senior Hedge Funds Specialist, at BNP Paribas Wealth Management, discuss event-driven and M&A arbitrage strategies.·         The other types or event-driven trades?·         What are the Special Situations and the Soft Events and their implementations?·         What about event-driven strategies in credit ?·         why do you need an expert fund manager to trade those restructuring situations?Hosted by Ausha. See ausha.co/privacy-policy for more information.

Value: After Hours is a podcast about value investing, Fintwit, and all things finance and investment by investors Tobias Carlisle, and Jake Taylor. See our latest episodes at https://acquirersmultiple.com/podcast We are live every Tuesday at 1.30pm E / 10.30am P. About Jake Jake's Twitter: https://twitter.com/farnamjake1 Jake's book: The Rebel Allocator https://amzn.to/2sgip3l ABOUT THE PODCAST Hi, I'm Tobias Carlisle. I launched The Acquirers Podcast to discuss the process of finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations. We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success. SEE LATEST EPISODES https://acquirersmultiple.com/podcast/ SEE OUR FREE DEEP VALUE STOCK SCREENER https://acquirersmultiple.com/screener/ FOLLOW TOBIAS Website: https://acquirersmultiple.com/ Firm: https://acquirersfunds.com/ Twitter: https://twitter.com/Greenbackd LinkedIn: https://www.linkedin.com/in/tobycarlisle Facebook: https://www.facebook.com/tobiascarlisle Instagram: https://www.instagram.com/tobias_carlisle ABOUT TOBIAS CARLISLE Tobias Carlisle is the founder of The Acquirer's Multiple®, and Acquirers Funds®. He is best known as the author of the #1 new release in Amazon's Business and Finance The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law. Prior to founding the forerunner to Acquirers Funds in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer. As a lawyer specializing in mergers and acquisitions he has advised on transactions across a variety of industries in the United States, the United Kingdom, China, Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and Guam. He is a graduate of the University of Queensland in Australia with degrees in Law (2001) and Business (Management) (1999).

Michael Searles, Head of North America – Capital Solutions, explains why capital solutions strategies are garnering increased interest from institutional investors looking to diversify their private credit allocations and gain access to potentially uncorrelated returns.Episode Segments:(05:42) – How Barings defines Capital Solutions strategies(08:50) – Targeting a premium over direct lending through customization(12:14) – The evolution from Special Situations to Capital Solutions(20:32) – The opportunity in the insurance segment today(24:54) – The attraction of structured asset-backed finance(27:50) – Sourcing assets: From marinas to litigation finance & beyond(32:41) – Questions to ask managers about Capital Solutions strategiesCertain statements about Barings LLC made by the participants herein may be deemed to be “testimonials” or “endorsements” as those terms are defined in rule 206(4)-1 under the Investment Advisers Act of 1940, as amended. Participants were not compensated in connection with their participation in this program, although in certain cases they are investors in Barings LLC sponsored vehicles. These investments subject such participants to potential conflicts of interest in making the statements herein.IMPORTANT INFORMATIONAny forecasts in this podcast are based upon Barings' opinion of the market at the date of preparation and are subject to change without notice, dependent upon many factors. Any prediction, projection or forecast is not necessarily indicative of the future or likely performance. Investment involves risk. The value of any investments and any income generated may go down as well as up and is not guaranteed. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Any examples set forth in this podcast are provided for illustrative purposes only and are not indicative of any future investment results or investments. The composition, size of, and risks associated with an investment may differ substantially from any examples set forth in this podcast. No representation is made that an investment will be profitable or will not incur losses. Barings is the brand name for the worldwide asset management and associated businesses of Barings LLC and its global affiliates. Barings Securities LLC, Barings (U.K.) Limited, Barings Global Advisers Limited, Barings Australia Pty Ltd, Barings Japan Limited, Barings Real Estate Advisers Europe Finance LLP, BREAE AIFM LLP, Baring Asset Management Limited, Baring International Investment Limited, Baring Fund Managers Limited, Baring International Fund Managers (Ireland) Limited, Baring Asset Management (Asia) Limited, Baring SICE (Taiwan) Limited, Baring Asset Management Switzerland Sarl, and Baring Asset Management Korea Limited each are affiliated financial service companies owned by Barings LLC (each, individually, an “Affiliate”).NO OFFER: The podcast is for informational purposes only and is not an offer or solicitation for the purchase or sale of any financial instrument or service in any jurisdiction. The material herein was prepared without any consideration of the investment objectives, financial situation or particular needs of anyone who may receive it. This podcast is not, and must not be treated as, investment advice, an investment recommendation, investment research, or a recommendation about the suitability or appropriateness of any security, commodity, investment, or particular investment strategy.Unless otherwise mentioned, the views contained in this podcast are those of Barings and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients. Parts of this podcast may be based on information received from sources we believe to be reliable. Although every effort is taken to ensure that the information contained in this podcast is accurate, Barings makes no representation or warranty, express or implied, regarding the accuracy, completeness or adequacy of the informationAny service, security, investment or product outlined in this podcast may not be suitable for a prospective investor or available in their jurisdiction.Copyright in this podcast is owned by Barings. Information in this podcast may be used for your own personal use, but may not be altered, reproduced or distributed without Barings' consent.24-3846128

Value: After Hours is a podcast about value investing, Fintwit, and all things finance and investment by investors Tobias Carlisle, and Jake Taylor. See our latest episodes at https://acquirersmultiple.com/podcast We are live every Tuesday at 1.30pm E / 10.30am P. About Jake Jake's Twitter: https://twitter.com/farnamjake1 Jake's book: The Rebel Allocator https://amzn.to/2sgip3l ABOUT THE PODCAST Hi, I'm Tobias Carlisle. I launched The Acquirers Podcast to discuss the process of finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations. We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success. SEE LATEST EPISODES https://acquirersmultiple.com/podcast/ SEE OUR FREE DEEP VALUE STOCK SCREENER https://acquirersmultiple.com/screener/ FOLLOW TOBIAS Website: https://acquirersmultiple.com/ Firm: https://acquirersfunds.com/ Twitter: https://twitter.com/Greenbackd LinkedIn: https://www.linkedin.com/in/tobycarlisle Facebook: https://www.facebook.com/tobiascarlisle Instagram: https://www.instagram.com/tobias_carlisle ABOUT TOBIAS CARLISLE Tobias Carlisle is the founder of The Acquirer's Multiple®, and Acquirers Funds®. He is best known as the author of the #1 new release in Amazon's Business and Finance The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law. Prior to founding the forerunner to Acquirers Funds in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer. As a lawyer specializing in mergers and acquisitions he has advised on transactions across a variety of industries in the United States, the United Kingdom, China, Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and Guam. He is a graduate of the University of Queensland in Australia with degrees in Law (2001) and Business (Management) (1999).

My guest on the show today is Jacob Rowe, Founder and CIO of Rogue Funds. We met for the first time at my conference in Vegas, and invited Jacob on the show to share with you all his investing philosophy and strategy. Our focus today is special situations: I like to joke sometimes that most MicroCap investing theses are likely special situations, where you're making a calculated bet on an upcoming catalyst, for example. Today's episode, we cover quite a few examples of what makes MicroCaps and special situations synonymous. For more information about Rouge Funds, please visit: https://www.rogue-funds.com/ To attend our next investor conference, the Planet MicroCap Showcase: VANCOUVER in association with Small Cap Discoveries, taking place at the Fairmont Waterfront Vancouver on September 25-26, 2024, please register here: https://planetmicrocapshowcase.com/signup Planet MicroCap Podcast is on YouTube! All archived episodes and each new episode will be posted on the Planet MicroCap YouTube channel. I've provided the link in the description if you'd like to subscribe. You'll also get the chance to watch all our Video Interviews with management teams, educational panels from the conference, as well as expert commentary from some familiar guests on the podcast. Subscribe here: http://bit.ly/1Q5Yfym Click here to rate and review the Planet MicroCap Podcast The Planet MicroCap Podcast is brought to you by SNN Incorporated, The Official MicroCap News Source, and the Planet MicroCap Review Magazine, the leading magazine in the MicroCap market. You can Follow the Planet MicroCap Podcast on Twitter @BobbyKKraft

On today's episode I interviewed Eyal Malinger, Managing Partner at Resurge Growth Partners. We delved into Eyal's journey through the venture capital world, exploring his strategies for identifying high-potential ventures and his vision for the future of tech entrepreneurship. From his early days as a software engineer to his roles at McKinsey, Oaktree Capital and Beringea, Eyal shares the pivotal moments that shaped his career and led him to establish Resurge Growth Partners. Join us as Eyal unveils the thesis behind Resurge Growth Partners, a fund designed to bridge a critical gap in the market. He explains how the traditional venture model, with its focus on exponential growth, often overlooks companies that have solid products and teams but don't fit the high-growth template. These "orphaned" ventures, as Eyal calls them, are the businesses Resurge Growth Partners aims to support, providing them with the resources and guidance needed to thrive. Eyal also sheds light on the fund's geographical focus, emphasizing the importance of proximity and hands-on involvement in the UK, Europe, and Israel. He discusses the fund's control-oriented approach, contrasting it with the typical venture capital model and highlighting the importance of cultural alignment and shared goals with portfolio companies. The conversation takes a fascinating turn as Eyal addresses the challenges of transitioning a company from a growth-focused to a profitability-focused model. He shares insights into the introspective journey CEOs must undertake and the importance of open communication and self-awareness among founders. Eyal also discusses conflict resolution strategies within leadership teams, offering practical advice for maintaining alignment and ensuring a company's trajectory remains on course. As we explore the future of tech entrepreneurship, Eyal provides a candid assessment of the current market landscape, the impact of technological advancements, and the evolving trends in sectors poised for innovation. He also discusses the fund's strategic approach to exits, emphasizing the importance of EBITDA and the potential for strategic acquisitions. Throughout the episode, Eyal's passion for identifying and nurturing undervalued companies shines through. He shares his vision for the future of Resurge Growth Partners, aiming to establish the fund as a key player in the venture special situations market. Eyal's insights into leveraging technology, building networks, and fostering open communication offer invaluable guidance for entrepreneurs and investors alike. Don't miss this compelling narrative as Eyal Malinga takes us on a journey through the venture capital landscape, offering a fresh perspective on unlocking hidden potential and driving sustainable growth. Tune in to gain a deeper understanding of the innovative strategies shaping the future of tech entrepreneurship. Unlock powerful venture investing insights at https://resurgegrowth.com/ and discover expert advice on hiring high-impact leaders to drive software venture growth at https://alpinasearch.com/ 

Today we are replaying one of our most popular episodes from last year with Jeremy Giffon. I spend all my time trying to find people who have some “singularity” to them. People who seem like they can do an N of 1 something. Having spent many days with Jeremy, he strikes me as one of those people. He was the first employee and general partner at private equity firm/holding company Tiny, which buys and holds internet and technology-focused businesses. Prior to that, he was on the founding team of MediaCore, which was acquired by Workday. The focus of our discussion is on esoteric opportunities that exist in private markets and how misaligned incentives and coordination problems create special situations for people like Jeremy to invest in. The rest of the conversation is wide-ranging and covers everything from compensation advice to meeting your heroes. Please enjoy my discussion with Jeremy Giffon. Listen to Founders Podcast For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Tegus, where we're changing the game in investment research. Step away from outdated, inefficient methods and into the future with our platform, proudly hosting over 100,000 transcripts – with over 25,000 transcripts added just this year alone. Our platform grows eight times faster and adds twice as much monthly content as our competitors, putting us at the forefront of the industry. Plus, with 75% of private market transcripts available exclusively on Tegus, we offer insights you simply can't find elsewhere. See the difference a vast, quality-driven transcript library makes. Unlock your free trial at tegus.com/patrick. ----- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.  Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes (00:00:00) Welcome to Invest Like the Best (00:03:15) What defines the nature of a perfect business in his mind (00:05:21) Key characteristics he'd look for in a perfect investment (00:09:58) Coordination problems that excite him (00:14:02) Raising funds and ghostship companies  (00:16:17) Examples of a special situations transaction in private markets  (00:18:55) Building up a sourcing mechanism (00:22:18) The biggest mistakes he's seen in buying and selling companies  (00:25:42) Refining the underwriting process (00:28:57) Thoughts about minimum rates of return and multiples on capital for the investments he makes  (00:30:44) Being lazy enough to wait for good deals on enduring businesses  (00:33:32) Why people do things they don't like  (00:35:47) Whether or not he feels like he knows what he wants in life (00:42:58) Hiring CEOs (00:44:54) Really good respective returns in low risk companies and why those opportunities continue to persist    (00:47:05) Tactics for negotiating with and sourcing CEOs   (00:50:37) Binaries - pre and post fall (00:55:58) Being hard to kill (00:59:15) His favorite interview question  (01:06:07) Having an audience is incredibly underpriced  (01:10:13) What else is significantly underpriced (01:12:14) Things he feels are overpriced today writ large (01:15:54) Criticisms of the cult of learning (01:20:21) The one call that everyone needs to make  (01:27:18) Meeting your heroes and having mentors  (01:30:48) Notable differences between the business environments of Canada and the US (01:33:13) Lessons learned from people he admires and models for seeing the world  (01:35:35) Views he holds that would make people scratch their heads (01:40:02) The kindest thing anyone has ever done for Jeremy 

In this episode of Engaging Alternatives Spotlight, Elana Margulies-Snyderman, Director, Publications, EisnerAmper, speaks with Loren Remetta, CIO, Bow Bridge, a corporate credit and special situations manager. Loren shares his outlook for high-yield and credit derivative markets and more.

Overheard in the Southern District of Texas: Don't be a meanie! Ok, we may be paraphrasing here a bit, but taking the decision in Robertshaw and the anticipated Incora decision together, the court may be signaling that lenders need to stop being so Incora-gible and tone down the violence.In this week's episode of Cloud 9fin, reporter Max Reyes digs into these decisions with legal analysts Jane Komsky and Cat Corey, looking at how they contrast with one another and prior case law in the district.Find our reporting on the Robertshaw decision here and follow this thread to stay up to date on the latest with Incora here at 9fin.com.

Three special situations funds have been launched by the Indian mutual funds industry over the last two months. ICICI Prudential Mutual Fund's Principal-Investment Strategy, Chintan Haria spoke with Moneycontrol about the strategy that these schemes follow.

Welcome to our latest discussion where we get the band back together! We pick up where we left off with our first Endo Voices episode ever, featuring a dynamic conversation between legendary endodontists Drs. Rick Schwartz and Marga Ree! They dive deep into the nuances of root canal therapy, emphasizing the importance of both patient and dentist education in ensuring optimal outcomes. Dr. Schwartz shares his insights on managing challenging cases, while Dr. Ree highlights the latest advancements in endodontic technology. They discuss the critical role of communication in patient care and offer practical tips for navigating complex procedures. With a blend of clinical expertise and relatable anecdotes, this episode is packed with valuable takeaways for dental professionals. Tune in for an engaging and pragmatic exploration of modern endodontics that will inspire and inform your practice!Episodes of Endo Voices may include opinion, speculation and other statements not verifiable in the scientific method and do not necessarily reflect the views of AAE or the sponsor(s). Listeners should use their best judgment in evaluating the merits of any content.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

-----------------------------------------------------------------------------------------------------Investir com a XP Investimentos é fácil, basta criar o seu cadastro e em minutos você já pode começar a investir: http://bit.ly/3SRd2A1Acompanhe todos os conteúdos da XP em https://t2m.io/8cxPp6xInscreva-se para receber nossa newsletter Expert Drops - https://bit.ly/3uODi6lSiga nosso canal no WhatsApp: https://bit.ly/48njYL6Veja os relatórios também pelo Facebook: http://facebook.com.br/expertxp2Participe do canal do Telegram: https://t.me/xp_investimentosConfira nosso Instagram: https://www.instagram.com/expertxp/Glossário financeiro: https://conteudos.xpi.com.br/conteudos-gerais/glossario-financeiro/

In this episode, we hear from Mubashir Mukadam, Blantyre Capital's Founder and CIO.  Mubashir discusses the investment philosophy behind Blantyre's special situations fund, the intersection between providing capital as a Hedge Fund, Private Equity vs Private Credit, the benefits of providing balance sheet and/ or operational support to certain companies, the competitive landscape in this space, and the extent to which this form of alpha generation is likely to evolve or adopt automation in future.  Mubashir is in discussion with Eloise Goulder, Head of the Data Assets & Alpha Group at JP Morgan. Shownotes: To learn more about Blantyre Capital: https://blantyrecapital.com/ To learn more about the Data Assets & Alpha Group: https://www.jpmorgan.com/markets/market-data-intelligence This episode was recorded on April 24, 2024. The views expressed in this podcast may not necessarily reflect the views of J.P. Morgan Chase & Co and its affiliates (together “J.P. Morgan”), they are not the product of J.P. Morgan's Research Department and do not constitute a recommendation, advice, or an offer or a solicitation to buy or sell any security or financial instrument.  This podcast is intended for institutional and professional investors only and is not intended for retail investor use, it is provided for information purposes only. Referenced products and services in this podcast may not be suitable for you and may not be available in all jurisdictions.  J.P. Morgan may make markets and trade as principal in securities and other asset classes and financial products that may have been discussed.  For additional disclaimers and regulatory disclosures, please visit: www.jpmorgan.com/disclosures/salesandtradingdisclaimer. For the avoidance of doubt, opinions expressed by any external speakers are the personal views of those speakers and do not represent the views of J.P. Morgan.

Slowing growth and elevated interest rates are opening the door to fresh opportunities in the special situations world, as companies face growing “time under tension.” Rob Dafforn, chief investment officer of opportunistic credit at Polus Capital Management, joins Bloomberg Intelligence's Noel Hebert and Sam Geier on this episode of Credit Crunch, part of the FICC Focus podcast. Dafforn dives into the three main investment targets — cyclical losers, secular losers and frauds — along with creditor-on-creditor violence, the management process for a long-short portfolio and much more.

The current interest rate environment is driving a rise in downgrades, special situations and liability management exercises. But how to know which of the increasing number of stressed and distressed credits are worth adding to — or keeping in — the portfolio?In this week's episode of Cloud 9fin, senior reporter Bianca Boorer sits down with Rob Fawn, a portfolio manager in the European leveraged finance team at PGIM Fixed Income, to talk about how this new era is creating new challenges and new opportunities for leveraged finance teams.

Complexity and illiquidity are desirable features for Dan Zwirn, CEO, CIO and Co-Founder of Arena Investors. Zwirn talks about the benefits of the special situations strategy, his concern about concurrent asset bubbles, and how partnering with others can benefit the investment process. That and much more as he joins hosts Noel Hebert and Sam Geier, each of Bloomberg Intelligence, on this episode of Credit Crunch, part of the FICC Focus podcast series.

The stock market crash of 1929 was a pivotal event that rippled across the globe. The Great Crash rocked financial markets, not to mention the world economy, and proved to be a precursor to the Great Depression. The sudden selloff wiped out the fortunes of investors who were ill prepared to ride out a bear market. Today, investors must heed the lessons from volatile markets of the past and take stock of hidden risks that may reveal themselves as current market conditions evolve. What strategies can investors employ to mitigate downside risks in their portfolios? This episode of The Outthinking Investor examines risk through the lens of alternatives. Experts discuss the challenges investors face in making the right decisions for their portfolios, taking a holistic view of diversification, and the role that alts can play in both managing risk and capturing opportunities that emerge from volatility. Hear from Victor Haghani, founder and CIO of the wealth advisory firm Elm Wealth and co-founder of Long-Term Capital Management; Apostolos Katsaris, Senior Client Portfolio Manager for PGIM Wadhwani; and Ryan Kelly, Head of Special Situations for PGIM Fixed Income.

Vukasin Pecovic shares his approach to due diligence in the resource sector. He discusses his interest focusing on special situations and misunderstood assets. Vukasin emphasizes the significance of asset evaluation and the need for in-depth research. He also reflects on his past losses and the importance of managing risk. Vukasin addresses the responsibility of sharing investment ideas publicly and the need to balance praise and criticism. He concludes by discussing the future outlook and the importance of staying focused on the next opportunities.

Eyal Malinger is a Partner at Resurge Growth Partners, helping growth businesses thrive in a market where capital is scarce. He takes a more active investment approach than traditional venture capital firms, backing businesses that may have fallen off the VC flight path but still deserve to be funded.In this episode of the First-time Founders Podcast, Eyal explains the structure of Venture Capital - how it is a great model for high-growth businesses, but by definition, all VC portfolios have a "middle bit" comprised of great companies which are unlikely to make a material impact on the fund's returns. According to Eyal, these businesses require an investor operating under a different paradigm to take them to the next level and a successful exit, which is where Resurge Growth Partners come in.Interested listeners can reach Eyal (https://www.linkedin.com/in/malinger/) at eyal@resurgegrowth.com and Rob (https://www.linkedin.com/in/robertliddiard/) at Rob@mission-group.co.uk (or to book some free time with Rob, visit https://www.eosworldwide.com/rob-liddiard).First-time Founders on Spotify: https://open.spotify.com/show/7hcdluu5ywrZ6qFhhI8EVH?si=840a4f564e6d4ea4First-time Founders on Youtube: https://www.youtube.com/channel/UC0SfnHZhV747su-Wnd-9Z0QFirst-time Founders on Apple: https://podcasts.apple.com/gb/podcast/first-time-founders/id1697488388

My guest on the show today is Lionel, Editor of Valorem Research Newsletter. I think Lionel (he'd prefer to stay anonymous) might be one of my favorite podcast guests: his appearances on Andrew Walker's Yet Another Value Podcast have to question all my life choices and perhaps re-evaluate getting a law degree, if only so I can totally understand everything he talks about. In our conversation today, Lionel and I talk about how and why he finds legal special situations so interesting, as well as high level overviews of recent cases he discusses in WAY more depth on Andrew's show, his overall take on anti-trust / M&A and his thoughts on the topic for 2024. For more information about Valorem Research Newsletter, please visit: https://www.valoremresearch.com/  Planet MicroCap Podcast is on YouTube! All archived episodes and each new episode will be posted on the Planet MicroCap YouTube channel. I've provided the link in the description if you'd like to subscribe. You'll also get the chance to watch all our Video Interviews with management teams, educational panels from the conference, as well as expert commentary from some familiar guests on the podcast. Subscribe here: http://bit.ly/1Q5Yfym Click here to rate and review the Planet MicroCap Podcast The Planet MicroCap Podcast is brought to you by SNN Incorporated, The Official MicroCap News Source, and the Planet MicroCap Review Magazine, the leading magazine in the MicroCap market. You can Follow the Planet MicroCap Podcast on Twitter @BobbyKKraft

Special Situations in Project Cash Flow Analysis Business Finance, FIL 240-002, Autumn 2023, Lecture 24 Type: mp3 audio file ©2023

Special Situations in Project Cash Flow Analysis Business Finance, FIL 240-001, Autumn 2023, Lecture 24 Type: mp3 audio file ©2023

Today's topic is private distressed credit and special situations, and we're joined today by Paul Triggiani, Managing Director and Head of Distressed Credit and Special Situations at Invesco Private Credit.

Assista ao episódio em vídeo: https://www.youtube.com/live/jaIH5QIDS1QA oferta de investimentos alternativos, em especial de créditos mais estruturados, tem crescido no Brasil. E em um cenário adverso para o mercado de crédito no geral, quais são as oportunidades disponíveis em Special Situations?Para falar sobre as estruturas e oportunidades em Special Sits, convidamos Alexandre Cruz, sócio fundador e Mateus Tessler que é sócio e CIO responsável pela estratégia de Distressed e Special Sits na Jive Investments: gestora brasileira conhecida por ter comprado créditos “estressados”, créditos vencidos ou/e de baixa qualidade do famoso banco americano Lehman Brothers, após sua falência em 2008.-----------------------------------------------------------------------------------------------------Investir com a XP Investimentos é fácil, basta criar o seu cadastro e em minutos você já pode começar a investir: http://bit.ly/41SHHkAAcompanhe todos os conteúdos da XP em https://t2m.io/ZAqGh0uParticipe do canal do Telegram para estar sempre atualizado: https://t.me/xp_investimentosConfira mais conteúdos também através do nosso Instagram: https://www.instagram.com/expertxp/Deixe seu comentário, inscreva-se no canal e ative as notificações para receber todas as novidades: https://bit.ly/3lUQQWW.

Lord Abbett Portfolio Manager Todd Solomon discusses how he and his team identify opportunities in credit of companies that have complex capital structures or have experienced dislocations in their industry or in the market.

Join hosts Adam Hall and Walt Cerrato as they sit down with Tom Crean, former Head Men's Basketball Coach at Marquette, Indiana, and Geogia, and current ESPN College Basketball Analyst.The Holding Court Podcast is presented by the Ohio High School Basketball Coaches Association.This podcast is available anywhere you listen to podcasts. Make sure to subscribe. Also, check us out here:linktr.ee/OHSBCAThis episode is powered by Fundraising University (Ohio). If you are looking to raise money for your program, Fundraising University (Ohio) is the way to go! For more information, visit https://fundraisingu.net/.

Value: After Hours is a podcast about value investing, Fintwit, and all things finance and investment by investors Tobias Carlisle and Jake Taylor. See our latest episodes at https://acquirersmultiple.com/  About Jake: Journalytic Jake is a partner at Farnam Street: http://farnam-street.com/vah Jake's podcast: https://twitter.com/5_GQs Jake's Twitter: https://twitter.com/farnamjake1 Jake's book: The Rebel Allocator https://amzn.to/2sgip3l About Bill: Bill runs Sullimar Capital Group, a family investment firm. Bill's website: https://sullimarcapital.group/ Bill's Twitter: @BillBrewsterSCG ABOUT THE PODCAST Hi, I'm Tobias Carlisle. I launched The Acquirers Podcast to discuss the process of finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations. We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success. SEE LATEST EPISODES https://acquirersmultiple.com/podcast/ SEE OUR FREE DEEP VALUE STOCK SCREENER https://acquirersmultiple.com/screener/ FOLLOW TOBIAS Website: https://acquirersmultiple.com/ Firm: https://acquirersfunds.com/ Twitter: https://twitter.com/Greenbackd LinkedIn: https://www.linkedin.com/in/tobycarlisle Facebook: https://www.facebook.com/tobiascarlisle Instagram: https://www.instagram.com/tobias_carlisle ABOUT TOBIAS CARLISLE Tobias Carlisle is the founder of The Acquirer's Multiple®, and Acquirers Funds®. He is best known as the author of the #1 new release in Amazon's Business and Finance The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law. Prior to founding the forerunner to Acquirers Funds in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer. As a lawyer specializing in mergers and acquisitions he has advised on transactions across a variety of industries in the United States, the United Kingdom, China, Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and Guam.

When it comes to high-stakes strategising for businesses undergoing challenging shifts, the incredible value of legal training mixed with communications expertise can't be overstated. Today's guests know all about that.On this episode, we welcome two of ICR's finest, Joan Vollero and Lee Pacchia. Joan and Lee are both Managing Directors in ICR's Special Situations practice group.Joan advises companies and individuals on a wide range of matters relating to crisis and litigation. For more than 11 years, she ran communications and external affairs for the Manhattan District Attorney's Office, where she served as the Director of Communications and a Senior advisor to Manhattan District Attorney Cyrus Vance Jr. Earlier in her career, Joan worked as a journalist at New York One News. She's a graduate of Tufts University and received her masters from the Med Hills School of Journalism in Northwestern University. Lee is also in ICR's Special Situations practice, where he works on a range of corporate crisis matters with a focus on advising, financially distressed businesses, exploring strategic alternatives, restructuring, or chapter 11 bankruptcy protection.Previously, Lee served as a Senior Executive at a boutique restructuring advisory firm, providing financial, operational and communications advisory services to companies in crisis, restructurings, or bankruptcy. After completing his Law Degree at New York Law School, Lee clerked for the US Bankruptcy Court, before joining Bloomberg as a journalist covering bankruptcy in the legal industry.Highlights: How Joan was introduced to litigation communications (3:03) Cases and matters Joan handled during her time at the Manhattan DA Office (3:41) Common mistakes made by companies involved in high-profile court cases (4:23) Lee's previous work and how it led him to his current consultation position (5:45) Self-awareness and denial when creating internal solutions for management teams (8:15) How management teams can be prepared, and what internal functions need to be concerned about (9:51) Scenarios when management teams need experts like Joan and Lee for guidance (10:56) Misconceptions about the term bankruptcy, and what it means for a business (13:03) What has stayed the same, and what has changed in the litigation world in recent years (14:27) How Joan approaches sensitive situations when management teams are experiencing turbulent litigation situations (15:08) How ICR's array of clients attracted Joan to her position (17:14) Recent interesting developments, and working with management teams in the emerging technology space (19:24) A recent public case that Joan would have liked to litigate (21:15) A recent public case that Lee would have liked to litigate (22:25) Links:ICR TwitterICR LinkedInICR WebsiteLee Pacchia on LinkedInJoan Vollero on LinkedInFeedback:If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, marion@lowerstreet.co.

Diogenes Casares is the founder of Patagon Management, a digital assets investment firm with a focus on activist investing and risk-on arbitrage. Diogenes is currently attending NYU.   -----   This episode is brought to you by:   Global Coin Research ("GCR") is a community-first research and investment DAO. GCR's mission is to create a community-driven investment DAO where the best web3 deals are sourced by community members for community members.  This discussion was recorded in our Discord.  You can find more information about us and how to join at GlobalCoinResearch.com   -----   Remember to rate, review and subscribe to the Podcast!

My guest today is Jeremy Giffon. I spend all my time trying to find people who have some “singularity” to them. People who seem like they can do an N of 1 something. Having spent many days with Jeremy recently, he strikes me as one of those people. He was the first employee and general partner at private equity firm, Tiny, which buys and holds internet and technology focused businesses. Prior to that, he was on the founding team of MediaCore, which was acquired by Workday. The focus of our discussion is about esoteric opportunities that exist in private markets. How misaligned incentives and co-ordination problems create special situations for people like Jeremy to invest in. The rest of the conversation is wide-ranging and covers everything from compensation advice to meeting your heroes. Please enjoy my discussion with Jeremy Giffon. Founders Podcast Founders Episode 136 - Estee Lauder Founders Episode 288 - Ralph Lauren For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Tegus, the modern research platform for leading investors. Tired of running your own expert calls to get up to speed on a company? Tegus lets you ramp faster and find answers to critical questions more efficiently than any alternative method. The gold standard for research, the Tegus platform delivers unmatched access to timely, qualitative insights through the largest and most differentiated expert call transcript database. With over 60,000 transcripts spanning 22,000 public and private companies, investors can accelerate their fundamental research process by discovering highly-differentiated and reliable insights that can't be found anywhere else in the market. As a listener, drive your next investment thesis forward with Tegus for free at tegus.co/patrick. ----- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.  Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes (00:03:15) - (First question) - What defines the nature of a perfect business in his mind (00:05:21) - Key characteristics he'd look for in a perfect investment (00:09:58) - Coordination problems that excite him (00:14:02) - Raising funds and ghostship companies  (00:16:17) - Examples of a special situations transaction in private markets  (00:18:55) - Building up a sourcing mechanism (00:22:18) - The biggest mistakes he's seen in buying and selling companies  (00:25:42) - Refining the underwriting process (00:28:57) - Thoughts about minimum rates of return and multiples on capital for the investments he makes  (00:30:44) - Being lazy enough to wait for good deals on enduring businesses  (00:33:32) - Why people do things they don't like  (00:35:47) - Whether or not he feels like he knows what he wants in life (00:40:48) - Invest Like The Best - Kevin Kelly; The reward for good work is more work  (00:42:58) - Hiring CEOs (00:44:54) - Really good respective returns in low risk companies and why those opportunities continue to persist    (00:47:05) - Tactics for negotiating with and sourcing CEOs   (00:50:37) - Binaries - pre and post fall (00:55:58) - Being hard to kill (00:59:15) - His favorite interview question  (01:06:07) - Having an audience is incredibly underpriced  (01:10:13) - What else is significantly underpriced (01:12:14) - Things he feels are overpriced today writ large (01:15:54) - Criticisms of the cult of learning (01:20:21) - The one call that everyone needs to make  (01:27:18) - Meeting your heroes and having mentors  (01:30:48) - Notable differences between the business environments of Canada and the US (01:33:13) - Lessons learned from people he admires and models for seeing the world  (01:35:35) - Views he holds that would make people scratch their heads (01:40:02) - The kindest thing anyone has ever done for him 

Ethan has owned several rental properties, made over 300 private loans secured by real estate (both single family and commercial real estate), invested in over 100 single family fix and flip projects and is a general partner on multiple commercial and multifamily projects totaling over 900 units. His primary role on deals is loan guarantor/key principal or gap funder (i.e. where the sponsorship team has raised around 80% of the limited partnership equity but does not have enough time to raise the remainder - Ethan will come in and lend that remainder to the team so that the deal can get done on time).     Ethan personally and through his private equity fund, Good Bull Investments LP and Good Bull Lending, LLC has also invested in commercial properties totaling over $25 million (including hotels, self-storage, office building, medical office and retail). Ethan graduated from Cornell University with a BA in Economics in 2003 at the age of 19 and from Columbia Law School in 2006 at the age of 22. He worked on billion dollar mergers and acquisitions for several years on Wall Street in financial institutions before transitioning to being a professional investor and entrepreneur in 2016. He lives in Houston, TX with his wife (who he met the first day of class at Cornell in 2000) and their five children.   In this episode, Ethan shares how he made his mark in the industry by taking risks and making smart investments. Hear what type of investments they have done, from gap loans to leverage buyouts, special situations lending and investing, technology companies, non-emergency medical transport companies, HVAC and plumbing companies, Airbnbs, land development, commercial real estate and a mall. He also discusses the process of liquidity for larger investments such as 100 million dollar deals and how to get them done in five days or less. This is an essential episode for anyone looking to jump into the world of private real estate investing. Tune in today!       [00:01 - 07:43] Investing in Gap Loans and Special Situations with 35 Million Under Management Gap funding is available for million dollar plus or $2 million plus investments  Value add comes from large ticket items that people consider stores of value such as fine jewelry, fine art, and vintage vehicles  Equity interests in other deals can be signed over as collateral  401k can be counted towards liquidity if not 55 years old Private equity firm with 35 million under management, looking to get to a hundred million by the end of the year    [07:44 - 11:17] Closing Segment Ethan Goa shares why we should invest in gap loans, leverage buyouts, special situations lending and investing  To learn more about Ethan and his work, listeners can visit Good Bull Investments!   Tweetable Quotes: “If you're not making your payments, if you're not sticking with your business plan, if you're not bettering the property , it's gonna turn into recourse anyway.” – Ethan Gao   “If somebody can, I wanna learn from them.” – Ethan Gao     You can connect with Dustin Heiner through his: Website: Good Bull Investments LinkedIn: Good Bull Investments   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306. Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/. To learn more about me, visit my LinkedIn profile, and connect with me.

Bob stops by The Business Brew to discuss his early career, what he has learned over his career, investing in cyclical businesses/industries, and his biggest investment "loser." This conversation is filled with good lessons and we hope you enjoy. Robert Robotti is the President and Chief Investment Officer of Robotti & Company. Prior to forming Robotti & Company, Incorporated in 1983, Bob was a vice president and shareholder of Gabelli & Company, Inc. He worked in public accounting before coming to Wall Street and is currently an inactive CPA. Bob holds a BS from Bucknell University and an MBA in Accounting from Pace University. Some of Bob's areas of coverage include Special Situations, Energy Industry and Home Building. Bob is the principal of the managing member or general partner of several investment vehicles. Bob currently serves on the Board of Directors of a NYSE-listed real estate company, AMREP Corporation, located in Germantown, PA; as Chairman of the Board of Directors of Pulse Seismic Inc., a seismic data licensing business located in Calgary, Alberta; as an Independent Director of PrairieSky Royalty, a Toronto Stock Exchange listed company located in Calgary, Alberta, having one of the largest portfolios of sub-surface mineral rights in western Canada; as a recently elected Director of NYSE-listed Tidewater, Inc. which owns and operates one of the largest fleets of OSVs (Offshore Support Vessels) in the industry; and was previously on the Board of Directors of BMC Building Materials Holding Corporation, prior to the completion of its merger with Stock Building Supply Holdings, Inc. on December 1, 2015; and Bob had served on the Board of Panhandle Oil & Gas Company, a NYSE-listed diversified mineral company located in Oklahoma City through May 1, 2020. In addition, he serves on the Boards of many non-profit organizations where he generously donates his time and expertise. Previously, Bob was a member of the Securities and Exchange Commission's Advisory Committee on Smaller Public Companies, established to examine the impact of Sarbanes-Oxley Act and other aspects of the federal securities law. This episode is sponsored by Stratosphere.io. Stratosphere.io is a fantastic web based research terminal for company specific metrics like KPIs and segment revenues. Head over to Stratosphere.io to try the product for free OR use the promo code BREW for 15% off Stratosphere's premium product. Detailed Show Notes Below: 3:20 - Bob's early career 6:35 - How Bob ended up as CFO of Gabelli and Company 10:25 - Bob's evolution as an investor 14:25 - How tough times create better businesses and Builder's FirstSource discussion 18:20 - Holding equities and Bob's biggest loser 29:50 - Why earnings drive liquidity 31:20 - How Bob implements his takeaways from his biggest loser 33:20 - Why Bob got excited about the Revenge of the Old Economy in 2020 35:20 - The case for Olin Corp 43:50 - How Bob's “margin of safety” comes from his portfolio company's asset bases 45:50 - Bob's energy outlook; this is an around the world oil discussion that lasts ~11 minutes 1:02:20 - Why reshoring makes sense 1:04:30 - Did Volker really succeed? 1:05:20 - Why China is no longer deflationary 1:09:20 - The nuance of selling 1:11:20 - The potential perils of linear thinking

Radius Athletics' Randy Sherman and A Quick Timeout's Tony Miller break down coaching decisions for special situations and prepping your team for the close-game scenarios.Thanks to our sponsors at 323 Sports. If you're in the market for a team dealer, the guys at 323 Sports will not disappoint. They'll "Do It Right" for you and your sports program!Let Hudl Assist bring your stats to life. Every stat is marked on the video at the moment it happened. See every shot, turnover, rebound and much more with just a few clicks. Visit Hudl Assist to learn how Hudl is elevating basketball.

Subscribe to Charles' Alpha Investor newsletter today: https://pro.banyanhill.com/m/2054150 (https://pro.banyanhill.com/m/2054150) When I want to know more about special situations, I turn to this guy. He's been at it for more than three decades… Jim Osman is the founder of The Edge research group. Global asset managers and hedge funds pay him a fortune to gain his insight. The reason is simple: He's that good. And one special situation that he's focusing on now is hiding in plain sight. It involves three companies that were founded more than 100 years ago. And very shortly, they'll be creating huge shareholder value. Topics Discussed: An Introduction to Jim Osman (00:00:00) What's a Spinoff and Why Are They So Lucrative? (00:04:43) The McDonald's Spinoff of Chipotle (00:14:45) When the Market Comes Down, It's De-Risking (00:24:33) Avoiding the Inclination to Sell Your Spinoff (00:40:56) Guest Bio: Jim Osman is the founder of The Edge, a research firm that analyzes investment opportunities for hedge funds and global money managers. He brings more than three decades of knowledge and experience to the table. And when it comes to Spinoff, Special Situations, or corporate events, he's the one I turn to for actionable ideas. He's also a senior contributor to Forbes magazine where he writes a monthly column. Resources Mentioned: https://edgecgroup.com/ (The Edge Consulting Group) https://www.forbes.com/sites/jimosman/?sh=5f03ff447cb8 (Jim Osman, Forbes Senior Contributor) Transcript: https://charlesmizrahi.com/podcast/podcast-season-9/2022/10/11/special-situation-hiding-plain-sight-jim-osman/ (https://charlesmizrahi.com/podcast/)  Don't Forget To... • Subscribe to my podcast! • Download this episode to save for later • Liked this episode? Leave a kind review!