Replies to post #4443 on Visteon Corporation (VC)

[Seminole Red]

ouch...is that 13 cent ???....crazy

[marmaj]

Oh, sweet!

That means that they are most likely not interested in a quick buck. You know, they could just turn the ~$5M they invested into ~$10M right now, but with them being reaaaaaly fat, they probably are eyeballing something much bigger. I know I would if I was >$1B ...

Nice, thanks for the legwork. I will share whatever I find.

Cheers!

-mm-

[marmaj]

Gileon7, the data you found is most intriguing. May I ask you how did you get it?

What I found is not nearly as impressive as what you found, but here it goes nonetheless:

Company Overview

"Davidson Kempner Capital Management LLC is a privately owned hedge fund sponsor. The firm provides its services to pooled investment vehicles. It invests in the public equity and fixed income markets across the globe. The firm makes its investments in distressed debt and stocks of companies that are undergoing corporate restructuring including mergers; spin-offs; liquidations; and recapitalizations. It also utilizes an event-driven including merger arbitrage, long/short, and convertible arbitrage strategy to select its securities. Davidson Kempner Capital Management was founded in 1990 and is based in New York, New York."

I was also able to find a profile for Thomas Lenox Kempner Jr., who is the Co-Founder and Executive Managing Member, Davidson Kempner Capital Management LLC:

"Mr. Thomas Lenox Kempner Jr. is a Co-Founder and Executive Managing Member at Davidson Kempner Capital Management LLC. He joined DKCM in December 1984 and became a Managing Member of DKCM in January 1986. Previously, Mr. Kempner was a Vice President of First City Capital Corporation, where he traded a special situations portfolio of high-yield and bankruptcy securities and engaged in fixed-income arbitrage. From April 1981 until February 1983, Mr. Kempner was a Vice ... President of Loeb Partners, where he traded a bond arbitrage portfolio and headed the firm's money-market department. From June 1978 until February 1981, Mr. Kempner was an Associate at Goldman, Sachs & Co., where he traded Corporate and U.S. Government Bonds. Mr. Kempner is presently a member of the Yale Development Board and a Trustee of the Central Park Conservancy. He also serves on the board of the USA Cycling Development Foundation and is President of the Board of Trustees of The St. Bernard's School in New York. Mr. Kempner graduated from the Harvard Business School in 1978 with distinction and from Yale College in 1975, magna cum laude."

A link to profile of Martin J. Bienenstock, the lawyer representing the Ad Hoc Shareholders Committee: (this guy seems to be a heavy hitter)

http://www.martindale.com/Martin-J-Bienenstock/511136-lawyer.htm

That's it, so far. I will be on the lookout for more info. I think it may make sense to pay attention to what these guys are doing in the future. They seem to have their shtuff together...<smile>

-mm-

[marmaj]

BTW, I just looked up Pardus, the hedge that offloaded 30 MIL of Visteon shares on 2009-05-28. Seems they are hurting big time. If they did not sell the 30M, they would be now worth about 6-7 times what they are worth now.

And I remember thinking to myself on 2009-05-28: "Boy, they must know something you don't know, they must be smarter, they are professionals..." Turned out not so much, after all. They were selling and I was buying...

Insider Information: Pardus Capital Management L.p.:
City: New York
State: NY

Insider Summary:

Companies Owned : 3
Direct Shares 0

Indirect Shares 31,400,000
Direct Value $0

Indirect Value $4,407,040
Total Shares 31,400,000
Total Value $4,407,040

-mm-