Entries tagged "Third Avenue Management"
Although activist investor William Ackman has moved on, monoline insurer MBIA is facing another activist, Martin Whitman, who is using a courtroom rather than a boardroom to wage his battle.
The list of buyers gearing up to acquire discounted debt is getting even longer, as bond managing giant Pacific Investment Management Co. is raising as much as $5 billion to scoop up mortgage-backed debt. ...
Third Avenue Management LLC, founded by longtime distressed debt specialist and activist investor Marty Whitman, will join the increasing ranks of investors launching private equity funds targeting distressed companies. The firm is planning to raise a $3 billion private equity fund keying in on distressed securities, according to a Tuesday Wall Street Journal report. A Third Avenue spokesman declined to comment. ...
