Howie co-founded Parabellum Capital and serves as Chief Executive Officer. He leads the firm’s overall strategic direction, new business initiatives, fund risk management, and capital raising. He is also a member of the Investment Committee. Chambers and Partners notes that "he is recognised in the market as 'an innovator in this asset class and one of the top people in the space.'" Before co-founding Parabellum, Howie was a Managing Director of Credit Suisse for fifteen years. In 2006, he co-founded the Legal Risk Strategies & Finance business at Credit Suisse, which was the first institutional commercial litigation finance business of its kind, and which was spun off the bank’s platform as Parabellum Capital. Howie was a senior manager within the bank’s Leveraged Finance business and a member of the Global Credit Products Operating Committee. He also served as Head of Special Situations, responsible for developing niche strategies and new accretive businesses for the group, especially in unique, developing asset classes. Before joining the Bank, Howie practiced securities, bankruptcy and transactional law at the firms of Dewey Ballantine; Richards, Spears, Kibbe & Orbe; and Mandel & Esbin. Howie received his B.A., phi beta kappa, magna cum laude, from Columbia College and his J.D. from Columbia Law School.
Do you really believe these guys took a shot. That is laughable at best.
They have a calculated bet they can collect and that bet is based on information that I'm certain they have collected. I would bet they already know where the money is.