The category is down about 7.7% this year, according to preliminary data compiled by Bloomberg. The latter hired him directly out of Columbia Business School, where he got his M.B.A. after working as an Accenture consultant. All Rights Reserved. any kind between RelSci and Eric Adam Cole. Idiosyncratic ideas may also represent significant exposure in the portfolio. Oil Giant Aramco Keeps Dividend Despite 45% Slump in Profit, Hong Kong Seen Selling Bills to Mop Up Cash After Ant’s IPO. You can change your choices at any time by visiting Your Privacy Controls. New York-based Select Equity Group, which manages more than $14bn across both long-only and long/short equity strategies, has hired Danil Subkhankulov as an analyst. Nurture your network and further your business goals with smart intelligence on the people and companies that matter most to you. Eric Cole is a partner at Appaloosa Management. About $8.85 billion of the pension bonds remain outstanding and they're among the most actively traded Illinois securities. The have mortgaged the state's future to pay for the present.". Jordan Abudayyeh, a spokeswoman for Pritzker, didn't immediately return a call and email seeking comment. In 2003, Illinois used more than $2 billion of the proceeds of its pension bond issue to reimburse the state for its required contributions in 2003 and 2004, which the lawsuit says was "simply a gimmick to mask the fact that the state was using GO bond debt to fill operating deficits.". Eric Cole founded the New York-based hedge fund Warlander Asset Management this year with the backing of his former boss, David Tepper, the billionaire founder of $20bn Appaloosa Management. The hedge fund is up 30% for the year. Firms including Medalist Partners, EJF Capital and Prophet Capital Asset Management blocked client redemptions, while CQS’s flagship fund was headed for a drop of at least 30% in the first quarter. August 16th, 2019 - Hedge Funds Insider Trading - Comments, July 29th, 2019 - Hedge Funds Insider Trading - Comments, July 2nd, 2019 - Hedge Funds Insider Trading - Comments, July 1st, 2019 - Hedge Funds Insider Trading - Comments. RelSci Relationships are individuals Eric Adam Cole likely has professional access to. Warlander Asset Management, a New York-based hedge fund formed by Eric Cole, and John Tillman, the CEO of the Illinois Policy Institute, said the state's record pension bond sale in 2003 and debt issued in 2017 to pay a backlog of unpaid bills were deficit financings prohibited by the constitution. eFinancialCareers is a DHI service Cole, who worked for billionaire David Tepper’s Appaloosa Management before starting Warlander in 2015, posted gains while many credit funds suffered in the market sell-off. Malaysia Holds Key Rate at Record Low as Virus Threatens Gro... RBA Cuts Rates, Announces A$100 Billion Bond-Buying Program. Expand your fundraising pool and make warm introductions to potential new business connections. Warlander recently hired Jesse Freedman, who previously worked as an analyst at Greenwich-Conn.-based Strategic Value Partners, RBS and Moelis & Co. Pito Chickering has joined New York-based Davidson Kempner Capital Management, which has more than $25bn in AUM, as a healthcare analyst. The goal of the debt limits in the state constitution "was to ensure that the state's elected officials would act in a fiscally responsible manner -- that they would cut spending or make structural reforms when needed, rather than continually using deficit financing to 'kick the can down the road' for future generations to resolve," the complaint said. Founded in 1819, Colgate University is a highly selective residential liberal arts institution distinguished by academic excellence and interdisciplinary inquiry. “... A hedge-fund manager claiming Illinois has piled up more debt than its constitution permits is suing Gov. Dan Butcher April 7, 2020, 3:58 PM PDT Eric Cole’s Warlander Asset Management soared 25% in March betting against a range of global credit as the coronavirus pandemic … 5 Pennsylvania Plaza 15th Floor In 2018 the U.S. Supreme Court ruled in Janus's favor, dealing a heavy blow to the labor movement. Tillman's Illinois Policy Institute has been at the forefront of legal challenges to public employee unions and progressive taxation. Previously, he was an equity research associate specializing in the Internet sector for Deutsche Bank and, prior to that, worked in a similar role at RBC Capital Markets. Relationship Science Most recently a partner and the director of research at New York-based Three Corner Global Investors, Jeff Eisenstein has joined Chicago-based Alyeska Investment Group. Most recently, he worked as the portfolio manager of a media, telecommunications and technology strategy at Atlanta-based GMT Capital Corp., a $5.5bn value-oriented, long/short hedge fund. While investment banks tighten their belts and make cuts, some hedge funds in the U.S. have continued to add staff as the weather is warming up on Wall Street and spring is in full swing. Warlander may seek to minimize the impact of interest rate, foreign exchange or commodity fluctuations by hedging such exposures through interest rate, foreign exchange or commodity swaps, futures, or options or other instruments.Warlander has the ability to cause clients to borrow and may do so when appropriate, including opportunistically to enhance returns. Find RelSci relationships, employment history, board memberships, donations, awards, and more. © 2020 Relationship Science LLC. Eric Adam Cole is Founder at Warlander Asset Management LP. To view this article, you can disable your ad blocker and refresh this page or simply login. The firm also develops various investment themes based on their analysis of global macro-economic conditions such as currency, interest rate, commodity and other market conditions, and the fiscal and central bank policies of governments. Most recently, he was an analyst at Kingdon Capital and before that an equity research vice president focusing on healthcare services at Deutsche Bank. Professional at Suntrust Robinson Humphrey, Inc. Illinois has struggled for years with its debts and swelling obligations to its employee retirement system even after it sold $10 billion of bonds in 2003 in an ill-fated bid to pay down some of its obligations. Warlander Asset Management Eric Cole founded the New York-based hedge fund Warlander Asset Management this year with the backing of his former boss, David Tepper, the billionaire founder of $20bn Appaloosa Management. "The burden of servicing this unconstitutional debt fall on the taxpayers of Illinois, including Plaintiff John Tillman" and harms holders of other GO debt like Warlander by reducing the state's ability to service the debt. Founder at Lakota Children’s Enrichment, Inc. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. A spokesman for New York-based Warlander declined to comment on performance. Reveal deeper insights into your organization's relationships with RelSci Contact Aggregator. Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages. Hedge fund titan Ray Dalio said he wouldn’t rule out China using its Treasury holdings to gain an upper hand against the U.S. in the trade war — a view that contrasts with many other observers. Jack Ma Gets a Warning From China on Ant’s Rapid Expansion, These Are the Airlines Teetering on the Brink of Covid Ruin, England Virus Lockdown May Be Extended Beyond December, U.S. Equities, Crude Oil Gain Ahead of Election: Markets Wrap, Apple to Launch MacBooks With Own Chips Next Week. 19 April 2016. Eric Cole founded the New York city-based hedge fund Warlander Asset Management in 2016, with the support of his former boss, billionaire David Tepper of … Join to Connect. We have noticed that you are using an ad blocker software. Discover the Power of Your Network with RelSci Premium Products. There was an error with your request. © 2019. Eric Adam Cole is affiliated with Appaloosa Management LP, Warlander Asset Management LP, Colgate University. Ask Eric Adam Cole or our advisors a question, view Eric Adam Cole's ratings, experience, qualifications, primary clients, articles or publications, professional designations, membership associations, firm services or practice areas, and misconducts or complaints. Warlander Asset Management - Eric Cole assets under management (13F Holdings), latest news, 13D/G filings, and investor letters provided by Insider Monkey Eric Adam Cole is a financial advisor with Warlander Asset Management. This web site is not endorsed by, directly affiliated with, maintained, authorized, or Eric Cole’s Warlander Asset Management soared 25% in March betting against a range of global credit as the coronavirus pandemic sent bonds for companies and governments plummeting. Pritzker, a Democrat who took office this year, persuaded lawmakers to put a progressive income tax back on the ballot in 2020.