hedge funds, alternative investment, alternative investment management, hedge fund manager, bankruptcy alternative

 

George J. Schultze

 

Mr. Schultze is Managing Member and Portfolio Manager of the General Partner.  He chairs the General Partner’s Investment and Strategy Committees and, together with his team, makes the final decision on all investments for the portfolio.

Mr. Schultze previously served on the following Boards and committees:

American Plumbing & Mechanical, Inc. – Chair of Bondholders’ Committee;

Armstrong World Industries, Inc. – Ad Hoc Committee of Debtholders;

Atkins Nutritional – Ad Hoc Bank Lenders’ Committee;

Breed Technologies, Inc. – Trust Beneficiaries’ Ad Hoc Committee;

Chrysler -- Committee of Non-TARP 1st Lien Lenders;

Collins & Aikman Corp. -- Ad Hoc Bank Lender’s Committee;

General Chemical Group, Inc. – Official Bondholders’ Committee;

Horizon Natural Resources – Pre-petition Senior Lenders’ Committee;

Interstate Bakeries Corp. – Ad Hoc Trade Claim Committee;

Interstate Bakeries Corp. – Ad Hoc Senior Lenders’ Committee;

Le Nature’s Inc. – Ad Hoc Committee of Secured Lenders;

M. Fabrikant & Sons, Inc. -- Bank Lender’s Committee;

Tropicana Entertainment Opco -- Secured Lenders’ Litigation Trust Subcommittee;

Tropicana Entertainment Opco -- Secured Lenders’ Steering Committee;

Tweeter Home Entertainment Group, Inc. – Post-petition Lender’s Committee;

Tweeter NewCo, LLC – Board of Directors;

Twinlab Corp. – Ex Officio Bondholders’ Committee;

United Airlines – Ad Hoc Municipal Bondholders’ Committee (JFK Facility);

US Timberlands – Ad Hoc Bondholders’ Committee;

Washington Group International – Class 7 Claim Holders Ad Hoc Committee; and

Werner Holding Co., Inc. – Second Lien Bank Debt Committee and Werner’s Board’s Audit Committee.

Mr. Schultze was elected as a Director to the following Boards:

Power Plumbing GP, Inc. on November 29, 2005;

Werner Holding Co. on November 7, 2007;

Fabrikant Inventory, LLC on July 20, 2007;

Fabrikant Receivables, LLC on July 20, 2007 and appointed Chief Liquidating Officer for Fabrikant Receivables in the Whitehall Jeweler’s Case on June 26, 2008,

Le Nature’s Inc. Liquidation Trust on July 17, 2008; and

Pineapple Grove Village Condominium Association, Inc. on October 15, 2008.

Mr. Schultze has been actively investing in distressed securities for over 14 years.  During and after graduate school, he managed a family fund investing in distressed securities and special situations investments.

Prior to founding the General Partner, Mr. Schultze was a Senior Analyst at MD Sass, one of four professionals investing a $1.3 billion portfolio of distressed securities.  While there, he honed his activist approach to investing with analysis and committee work for various investments including: Marvel Entertainment Group, MobileMedia Communications, Signet Jewellers, and CGE Ford Heights.

While in graduate school, Mr. Schultze was employed with Fiduciary Partners, Mayer Brown & Platt, the Law Office of Grant Herrmann Schwartz & Klinger, and Merrill Lynch.  At Fiduciary Partners, a $25 million fund-of-funds that invested in event-driven hedge funds, he developed strong views on the types of distressed strategies that lead to consistent success.  As a summer associate (over two summers) at Mayer Brown & Platt, he gained experience working on bankruptcy litigation for Dow-Chemical, bankruptcy litigation for senior lenders in Witty Hardware, the SEC registration of several mutual funds, and various other matters.

Mr. Schultze is a joint graduate of Columbia Business School and Columbia Law School, JD/MBA.  He founded the Columbia Law School Investment Club and served as editor for the Columbia Business Law Review.  He authored several papers including: Negotiating the TWA Bankruptcy Restructuring, Tax Factors and ERISA Implications of Corporate Restructurings, and International Banking Law.  While at Columbia, he placed 2nd in the 1995 business school annual stock-picking contest.

Mr. Schultze earned a B.A. from Rutgers College where he graduated with a joint major in Economics/Political Science and earned the Henry Rutgers Scholar distinction.  At Rutgers, he won The Wall Street Journal Award for Excellence in Economics for his investment paper on the term structure of interest rates.  He also placed 23rd nationwide (from over 14,000 participants) and first at Rutgers in the 1991 AT&T Annual Stock Picking Contest.

Mr. Schultze is a frequent speaker at investment conferences such as the Harvard Business School Venture Capital & Private Equity Conference, the Wharton Business School Distressed Securities Forum, the Columbia Business School Investment Management Conference, the Beard Group Distressed Securities Forum and the Opal Financial Summit.  He has also been interviewed by various media including Bloomberg Business Radio.  Mr. Schultze is a member of the American Bankruptcy Institute and has been quoted in numerous publications including TheStreet.com, CNN, CNNfn, The Wall Street Journal, and The Daily Bankruptcy Review among others.

Separately, he serves on the Investment Finance Committee of Resurrection Church in Rye, New York.

 

 

 

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