Pirate Capital Fills Up Treasure Chest

Pirate Capital, the Norwalk, Conn.-based event-driven hedge fund firm founded by ex-Goldman Sachs distressed bank debt trader Thomas Hudson, is likely to limit monthly subscriptions for its Jolly Roger Fund.

  • 21 Jan 2005
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Pirate Capital, the Norwalk, Conn.-based event-driven hedge fund firm founded by ex-Goldman Sachs distressed bank debt trader Thomas Hudson, is likely to limit monthly subscriptions for its Jolly Roger Fund. The fund wants to smooth out its inflows because it has increased its assets by $150 million over the past four months, said Andrew Stotland, director of sales and marketing.

The fund has grown its assets from $65 million to $345 million over the past year on the back of net annual returns of almost 30%. "We don't want $200 million coming in a month," he noted. The firm already has commitments lined up of $40-50 million for February.

Pirate invests in small-, mid- and large-cap companies across the capital structure. The firm, which was the focus of a feature on hedge funds in New York magazine last November, also has grown its investment team from two to five over the past year. It is now planning to bring on board two analysts next month and is searching for a cfo.

 

  • 21 Jan 2005

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,319 10 12.84
2 Citi 2,562 6 9.92
3 Goldman Sachs 2,150 3 8.32
4 Credit Suisse 1,822 6 7.05
5 Societe Generale 1,814 4 7.02

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%