Beard Group is honored to have distressed investor Jon Weber of BlueMountain Capital Management participate in a panel on activism at Distressed Investing 2019.
Activist investing, according to Investopedia:
An activist investor is an individual or group that purchases large numbers of a public company's shares and/or tries to obtain seats on the company's board to effect a significant change within the company. A company can become a target for activist investors if it is mismanaged, has excessive costs and could be run more profitably as a private company or has another problem that the activist investor believes it can fix to make the company more valuable.
Activism is becoming a feature of distressed investing and special situations. In companies large and small, activist investors have ousted boards, disputed their management through litigation and taken other initiatives to gain an advantage for their interests. Leading experts discuss Windstream Holdings, PICO and the future of activism in distressed investing.
Jon Weber is BlueMountain’s Head of Portfolio Company Management and serves on the investment committee. Before joining BlueMountain, Mr. Weber worked in distressed investing at Anchorage Capital Group, Goldman Sachs and Icahn Enterprises, the last of which was founded by the most famous activist on Wall Street. Mr. Weber also worked as an investment banker at JPMorgan Chase and Morgan Stanley, and as an attorney at Weil, Gotshal & Manges.
BlueMountain Capital Management is among the most active investment firms in distressed investing, with positions in Toys R Us, Armstrong Energy, Monitronics, Puerto Rico and more. Follow BlueMountain on LinkedIn.
Haven't registered for the conference?
Register now at eventdex.com/DI2019.
Latest news about the 26th Annual Distressed Investing Conference to be held on Dec. 2, 2019 in Midtown Manhattan.