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SALT New York 2024: Dan Loeb Starting New Credit Fund; Here Is Where He Sees Opportunity In Debt

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Jacob Wolinsky
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Dan loeb third point salt ny 2024
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Below are notes from the SALT iConnections New York 2024, which took place on May 20. The speakers for the panel titled "Credit Opportunities: Is Now the Right Time for Distressed?" are Daniel S. Loeb, Chief Executive Officer of Third Point; Michael Arougheti, Co-Founder, Chief Executive Officer, and President of Ares Management; and Ty Wallach, Chief Investment Officer of Credit at Atlas Merchant Capital.

Daniel Loeb:

  • Private Credit Fund: Launching a private credit fund this summer to seize opportunities arising from economic stresses, despite the tough environment. While fundamentals are strong, balance sheets are strained, with cash flows primarily servicing interest. This...

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Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available.FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid