Soo Kim and David Glazek’ Standard General Out to Fix Radio Shack & American Apparel
|November 8th, 2014||
|After more than seven years of operating in relative obscurity, Standard General LP, a deep value focused hedge fund started by two former Och-Ziff Capital traders, is gaining some notoriety for its ventures into the troubled waters of two struggling retailers. According to the New York Times’ Deal Book, Standard General, through its partners Soo Kim and David Glazek, has taken activist roles on the boards of Radio Shack and American Apparel. |
Known primarily for its investments in media companies, Standard General has been the source of badly needed cash infusions for both retailers which are undergoing major structural revamping. Standard General stands to gain substantial equity positions in Radio Shack and American Apparel should their efforts succeed.
Standard General LP has consistently been one of the largest funds on the Top 75 Technology, Media & Telecom Focused Hedge Fund list, having claimed the 41st spot on the most recent ranking.
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