Kevin Ulrich

Anchorage Capital Group L.L.C.

Kevin Ulrich

Assets Under Management: $21.6 B
Net Worth: -
Age: -
Location: New York, NY
Education: Harvard University
 

Kevin Ulrich: A Star is Born

It’s not unusual to fantasize about making one’s fortune as a star in the glamorous world of movies and television.  In the case of Kevin Ulrich, he has indeed made his mark in Hollywood – without having to submit to any auditions or screen tests.

Mr. Kevin Michael Ulrich is the Founder, Chief Executive Officer, and Senior Portfolio Manager at Anchorage Capital Group, L.L.C.  A New York-based registered investment firm founded in 2003, Anchorage Capital Group manages private investment funds across the credit, special situations and illiquid investment markets of North America and Europe using an active long and short basis, with particular focus on defaulted and leveraged issuers.

Kevin Ulrich currently serves as the Chairman of MGM Holdings Inc., and his firm owns 30% of MGM Studios and thus profits from MGM’s film and television assets.  Anchorage Capital Group is also a debt holder in American media company Relativity Media, in which the firm is said to have invested over $100 million.

Mr. Ulrich, who manages a $16 billion fund at Anchorage Capital Group, is also a Partner and Chief Executive Officer at Anchorage Capital Europe, LLP, and is on the Board of Directors at MGM Holdings, Inc.  Moreover, Kevin Ulrich has been a Board Observer of US Oil Sands Inc. since October of 2013.

Having received his undergraduate degree from Harvard University, Kevin Ulrich was previously employed as a Principal by Goldman Sachs Asset Management LP, where he ran the firm’s proprietary debt-trading operation.  Additionally, Kevin was a Principal at Lehman Brothers, Inc., and served on the board at Genesco, Inc.

Kevin’s current fund, Anchorage Capital Group, oversees $21.6 billion dollars in regulatory assets under management.  The firm has 144 employees, of which 58 perform investment advisory functions. The managers’ latest filing has disclosed $1 billion in positions, representing 7% of the firm’s regulatory assets under management. 

It’s amazing to think of it now, but when Anchorage Capital Group first took its 30% stake in MGM, some thought it looked like a bad investment.  Today, that stake is worth an estimated $700 million.

But then, it’s that type of initiative that has made Kevin Ulrich a star – not on the screen, but behind the scenes and throughout the vast financial community.

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