At this year’s Sohn Investment Conference in New York, David Rosen, the portfolio manager and managing partner of Rubric Capital Management, laid out his firm’s top investment idea today.
Before launching Rubric Capital in 2016, David spent nearly ten years as a portfolio manager at Point72 Asset Management. Today, Rubric oversees $2 billion in its long/short strategy based out of New York.
Rosen pitched Talen Energy, a post-bankruptcy reorganization opportunity, which will start trading on the over-the-counter market towards the end of the month with an uplisting planned to the NYSE or NASDAQ by the end of the year.
The Post-Bankruptcy Opportunity
“Talen filed for bankruptcy as a result of its business improving,” the fund...
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