Greywolf Capital Management LP

Greywolf Capital Management LP provides discretionary investment management primarily to private pooled investment vehicles and institutional or qualified investors, advising separately managed accounts and funds rather than retail clients. The firm states approximately $3.085 billion in discretionary assets under management and performs sourcing, due diligence, structuring and ongoing portfolio monitoring for its clients.

The firm describes a strategy emphasis on event-driven, structured-products (including CLO credit) and tail-risk investments, using concentrated fundamental analysis, long/short positions, derivatives and both cash and synthetic tranches. Greywolf operates with discretionary authority and reports formal allocation and trade procedures intended to address conflicts that can arise from performance-based compensation and co-investment opportunities.

The brochure discloses that Greywolf advertises predecessor performance in its marketing materials, a practice that is uncommon among peers and noted in the firm’s disclosures. It also documents several distinctive operational features — including priority-allocation arrangements for Greywolf CLO equity and for newly-sponsored CLOs during pricing and ramp-up — and identifies ERISA plan-asset considerations and a detailed code of ethics and insider-trading procedures to manage related conflicts.