MFN PARTNERS MANAGEMENT, LP other names

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Adviser Profile

As of Date:

03/27/2024

Adviser Type:

- Large advisory firm

Number of Employees:

16 6.67%

of those in investment advisory functions:

7

Registration:

SEC, Approved, 2/16/2018

AUM:

7,082,829,961 79.30%

of that, discretionary:

7,082,829,961 79.30%

Private Fund GAV:

7,082,829,961 79.30%

Avg Account Size:

7,082,829,961 79.30%

SMA’s:

NO

Private Funds:

1

Contact Info

617 xxxxxxx

Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
4B 3B 3B 2B 2B 1B 581M
2018 2019 2020 2021 2022 2023

Recent News

MFN Partners LP buys RXO Inc. shares worth over $1,200
05/13/2024

investing.com

XPO, Inc. Faced Significant Decrease in Hedge Fund Holdings - Clayton County Register -
10/05/2023

Other hedge funds and institutional investors have also made changes to their positions in XPO. For example, MFN Partners Management LP increased its ...

claytoncountyregister.com

Hedge Fund MFN Partners Trying To Protect Equity Investment In Bankrupt Yellow
08/30/2023

By Todd Maiden of FreightWaves,. A hedge fund with an integral role in Yellow Corp.'s bankruptcy proceedings is pushing for shareholders to have a ...

zerohedge.com

Hedge Fund MFN pushing to set-up Yellow shareholder committee
08/30/2023

Hedge Fund MFN pushing to set-up Yellow shareholder committee Submitted 30/08/2023 - 10:37am Hedge fund MFN Partners is pushing for the establishment of an official committee to represent shareholder interests in logistics company Yellow's bankruptcy case, according to a report by the Wall Street Journal citing a securities filing. Boston-based MFN, which holds...

Hedge Week

Stay Away! Nasdaq-Booted Yellow Stock Is Completely Toxic. - InvestorPlace
08/28/2023

Once a thriving and perhaps even iconic trucking business, Yellow had recent financial backing from the likes of hedge fund MFN Partners as well ...

investorplace.com

Bankrupt Yellow Draws New $1.5 Billion Bid for Truck Terminals - WSJ
08/20/2023

Yellow has also accepted an offer from hedge fund Citadel and MFN Partners, the trucker's largest shareholder, to jointly provide a $142 million ...

Wall Street Journal


Private Funds Structure

Fund Type Count GAV
Hedge Fund 1 $7,082,829,961

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Private Funds



Employees




Brochure Summary

Overview

For purposes of this Brochure, the “Investment Manager” means MFN Partners Management, LP, a Delaware Limited Partnership, together (where the context permits) with its affiliated general partner of the Partnership (as defined below). Established in 2016, the principal owners of the Investment Manager are Michael DeMichele and Farhad Nanji. The Investment Manager provides investment advisory services to an investment vehicle, MFN Partners, LP (the “Partnership”), that is exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”) and whose securities are not registered under the Securities Act of 1933, as amended (the “Securities Act”). The strategy of the Partnership is to invest in securities that can be purchased at a significant discount to underlying economic value. The Partnership seeks to do so by combining investment expertise and the ability to be flexible across a variety of different asset classes, industries and geographies with fundamental analysis, thoughtful consideration of risk, intellectual honesty, and a disciplined investment approach. The Investment Manager’s advisory services consist of investigating, identifying, and evaluating investment opportunities, structuring, negotiating, and making investments on behalf of the Partnership, managing and monitoring their performance and disposing of such investments. The Investment Manager provides investment advisory services to the Partnership in accordance with the investment management agreement (the
“Investment Management Agreement”) and the Partnership’s limited partnership agreement (as amended, the “Partnership Agreement”). The Investment Manager is permitted to provide investment advisory services to other clients, including investment funds and managed accounts that may either co-invest with the Partnership or follow investment programs similar to or different from that of the Partnership, but does not currently provide such services to other clients. Investment advice is provided directly to the Partnership, subject to the discretion and control of MFN Partners GP, LLC (the “General Partner”), and not individually to the investors in the Partnership (each a “Limited Partner”). Investment restrictions for the Partnership, if any, are established in the Partnership Agreement, the confidential Private Placement Memorandum of the Partnership, the Investment Management Agreement and/or side letter agreements (although no side letters currently exist) negotiated with investors in the Partnership (such documents collectively, the Partnership’s “Organizational Documents”). The Investment Manager does not currently participate in any Wrap Fee Programs. As of January 1, 2024, the Investment Manager managed $5,454,270,028 on a discretionary basis, which represents the net asset value (regulatory assets under management minus outstanding indebtedness or other accrued but unpaid liabilities) of assets as of such date. The Investment Manager does not manage any assets on a non-discretionary basis.