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Hiya CALpers
Through an investment managed by a
New Jersey hedge fund,
California’s public pension fund
appears 2 have owned as much as
ONE-THIRD of American Media Inc.(AMI),
the National Enquirer’s parent company
in 2016.
Hiya CALpers
Through an investment managed by a
New Jersey hedge fund,
California’s public pension fund
appears 2 have owned as much as
ONE-THIRD of American Media Inc.(AMI),
the National Enquirer’s parent company
in 2016.
Some of CALpers investments drawing recent scrutiny
have included oil pipelines,
retailers that sell semiautomatic rifles,
Russian sovereign debt +
coal-producing companies.
latimes.com/nation/la-na-n…
have included oil pipelines,
retailers that sell semiautomatic rifles,
Russian sovereign debt +
coal-producing companies.
latimes.com/nation/la-na-n…
Starting in 2009,
CalPERS invested $607.7 million w
Chatham Asset Management hedge fund’s
“Chatham Eureka Fund,”
which is a “fund of one”
a type of investment created +
managed 4 a single institutional investor
rather than 4 a pooled group of investors.
CalPERS invested $607.7 million w
Chatham Asset Management hedge fund’s
“Chatham Eureka Fund,”
which is a “fund of one”
a type of investment created +
managed 4 a single institutional investor
rather than 4 a pooled group of investors.
In a recent disclosure,
Chatham Asset Management said
its Eureka Fund technically has 2 investors.
1 is the hedge fund itself,
which holds a 1% stake,
suggesting other 99% is held by CalPERS.
adviserinfo.sec.gov/IAPD/content/v…
Chatham Asset Management said
its Eureka Fund technically has 2 investors.
1 is the hedge fund itself,
which holds a 1% stake,
suggesting other 99% is held by CalPERS.
adviserinfo.sec.gov/IAPD/content/v…
Chatham Asset Management
snapped up majority stake in American Media Inc. (AMI)
in 2014, when publisher was struggling 2 emerge from
2010 bankruptcy + needed a financial lifeline.
Chatham holds 2 seats on AMI’s board.
snapped up majority stake in American Media Inc. (AMI)
in 2014, when publisher was struggling 2 emerge from
2010 bankruptcy + needed a financial lifeline.
Chatham holds 2 seats on AMI’s board.
In most recent public filings (July 2016),
American Media Inc.
reported 4 Chatham-controlled funds
owned 78% of AMI.
Largest single owner was
Eureka Fund,
w 34% overall stake
suggesting CalPERS
in essence
owned one-third of the tabloid publisher.
sec.gov/Archives/edgar…
American Media Inc.
reported 4 Chatham-controlled funds
owned 78% of AMI.
Largest single owner was
Eureka Fund,
w 34% overall stake
suggesting CalPERS
in essence
owned one-third of the tabloid publisher.
sec.gov/Archives/edgar…
CALpers has been winding down
investments in hedge funds since 2014
as part of plan 2 cut costs + simplify state’s investments.
Hence, CalPERS
ending relationship w [Chatham] hedge fund,
CalPERS fund
equals $350 billion in investment.
Y did they even need AMI invest?
investments in hedge funds since 2014
as part of plan 2 cut costs + simplify state’s investments.
Hence, CalPERS
ending relationship w [Chatham] hedge fund,
CalPERS fund
equals $350 billion in investment.
Y did they even need AMI invest?
FTR,
AMI board is made up of Pecker;
Chatham Asset Management partners
Evan Ratner + Barry Schwartz;
+ David Hughes, CFO of
Shore Memorial Hospital in NJ.
Bezos>AMI>tRUmp>Saudi Arabia>Chatham>CalPERS
Y did CalPERS work w Chatham?
Seems odd.
deadline.com/2019/02/jeff-b…
AMI board is made up of Pecker;
Chatham Asset Management partners
Evan Ratner + Barry Schwartz;
+ David Hughes, CFO of
Shore Memorial Hospital in NJ.
Bezos>AMI>tRUmp>Saudi Arabia>Chatham>CalPERS
Y did CalPERS work w Chatham?
Seems odd.
deadline.com/2019/02/jeff-b…
8-30-19
Chatham Asset Management
$3.9B Hedge Fund
Meet
Anthony Melchiorre👈
He likes 2 ride low.
Visits WH w Pecker
July 2017
Notes coming due.
Credit Suisse Group AG
takes hard pass.
AMI has had
only 1 profitable yr
in last 5 yrs.
Chatham Asset Management
$3.9B Hedge Fund
Meet
Anthony Melchiorre👈
He likes 2 ride low.
Visits WH w Pecker
July 2017
Notes coming due.
Credit Suisse Group AG
takes hard pass.
AMI has had
only 1 profitable yr
in last 5 yrs.
Pecker is forced 2 resign from
Canadian newspaper conglom
Postmedia Network Inc.
[See Below Tweet]
Conveniently, Anthony Melchiorre's office
is only a 30-min drive 2 Bedminster.
CalPERS
New Jersey State Plan $78B Fund
Canadian newspaper conglom
Postmedia Network Inc.
[See Below Tweet]
Conveniently, Anthony Melchiorre's office
is only a 30-min drive 2 Bedminster.
CalPERS
New Jersey State Plan $78B Fund
New Va-Jay
The Division of Investment,
under supervision of
the State Investment Council,
is 1 of lrgst pension fund managers in U.S.
Pension fund supports retirement plans
of approx 769,000
active + retired employees
in 7 public pension systems.
nj.gov/treasury/doinv…
The Division of Investment,
under supervision of
the State Investment Council,
is 1 of lrgst pension fund managers in U.S.
Pension fund supports retirement plans
of approx 769,000
active + retired employees
in 7 public pension systems.
nj.gov/treasury/doinv…
What Does Chatham|AMI Own?
US
---
National Inquirer
Men's Fitness
Ok!
Globe
In Touch
Life & Style
UsWeekly
Lee Enterprises [46 daily newspapers]
--McClatchy Co.
--Miami Herald
--Gannett
US
---
National Inquirer
Men's Fitness
Ok!
Globe
In Touch
Life & Style
UsWeekly
Lee Enterprises [46 daily newspapers]
--McClatchy Co.
--Miami Herald
--Gannett
Canada
---
Postmedia Network [Nat'l, Dailies, Weeklies, Mags]
👇 👇 👇 👇
en.wikipedia.org/wiki/Postmedia…
---
Postmedia Network [Nat'l, Dailies, Weeklies, Mags]
👇 👇 👇 👇
en.wikipedia.org/wiki/Postmedia…
