Aurelius Capital Management LP

Overview

Aurelius Capital Management LP is an American hedge fund specializing in distressed debt and special situations investments. Founded in 2006 by Mark Brodsky, a former Senior Portfolio Manager at Elliott Management Corp., the firm focuses on stressed and distressed opportunities within corporate and sovereign credits, as well as select event-driven situations. Their investment approach emphasizes non-economically sensitive value drivers, such as corporate structure, capital structure, and legal issues, over economically sensitive factors. This strategy aims to generate attractive risk-adjusted returns with low beta while preserving capital. The firm's investment philosophy is rooted in deep fundamental research and a strong commitment to the rule of law. They conduct thorough analyses of all material factors affecting each investment and actively participate in the event-stream, engaging in activism to create proprietary value and mitigate risk. Aurelius Capital Management LP has been involved in several high-profile debt restructurings, including those of Argentina, Puerto Rico, Ukraine, Dubai World, and the United Kingdom's The Co-operative Bank. Their track record demonstrates a consistent ability to navigate complex financial situations and achieve favorable outcomes for their clients. Aurelius Capital Management LP maintains a culture of mutual respect and collegiality, holding team members to exacting standards of performance and integrity. The firm's investment team has an average tenure of 14 years, reflecting a stable and experienced group dedicated to executing their investment strategy effectively.

Investment Focus

• Deep fundamental research
• Active participation in event-stream
• Commitment to the rule of law
• Focus on non-economically sensitive value drivers
• Emphasis on structural and legal factors

Portfolio Companies