Overview
Southpaw Asset Management LP (“Southpaw”), a Delaware limited partnership, provides
discretionary investment advice to privately offered pooled investment vehicles. Clients’
investment mandates generally give our firm broad discretion to invest across asset classes and
industry sectors. We seek to preserve capital while generating attractive risk-adjusted returns by
dynamically allocating capital across investment strategies, sectors, and asset classes in
accordance with the investment mandate. On behalf of our clients, we invest across capital
structures and invest in a broad variety of securities and other financial instruments, including,
among others, bank debt, mezzanine debt, corporate bonds (high yield and investment grade),
convertible bonds, municipal bonds, asset backed securities, trade receivables, trade claims,
swaps, options, promissory notes, private placements, judgment rights, preferred stock and
common stock.
The privately
offered pooled investment vehicles that we manage (our “private fund clients”)
have a master-feeder structure, and we do not tailor investments by our private fund clients to
meet the individual needs of investors in the pools. We may, from time to time, manage separate
accounts (which may be structured as single investor vehicles) on behalf of institutional investor
clients, and our investment advisory services for those accounts will be tailored extensively to
suit each client’s investment mandate.
Southpaw Asset Management LP was founded in 2005 and is wholly owned by Howard Golden
and Kevin Wyman (collectively, the “Principals”). As of December 31, 2023, our firm had
discretionary regulatory assets under management of approximately $ 89.1 million and we did
not manage any client assets on a non-discretionary basis. An affiliate of our firm, Southpaw GP
LLC, serves as the general partner to two of our private fund clients.