Chrysler Opponents Unmasked
Thursday, May 7, 2009 : PermalinkBusinessWeek – The list of dissidents is much smaller than the original 20 or so hedge funds that veoted a pre-bankruptcy deal to reduce Chrysler’s outstanding secured debt. The list of hedge funds that are still members of the opposition group calling themselves Chrysler Non-Tarp Lenders is down to just six funds. In all, the funds control $295 million of Chrysler debt, a far cry from the nearly $1 billion the original group of 20 had controlled.
The dissidents included funds managed by Schultze Asset Management, Arrow Hedge Partners, Stairway Capital, OppenheimerFunds, Foxhill Capital Partners and Group G Partners. Early on, Stairway Capital and Oppenheimer had been identified as leaders of the Chrsyler holdouts, but the others funds had not.
Tags: 1-billion, arrow hedge partners, asset-management, bankruptcy, businessweek, capital-partners, chrysler, dissidents, far cry, holdouts, lenders, list of hedge funds, oppenheimer, opposition group, original group, rsquo, secured-debt, stairway capital
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