Monarch Alternative Capital

Monarch Alternative Capital LP is a privately owned hedge fund based in New York City, with an additional office in London. Founded in 2002, the firm specializes in investing in the debt of bankrupt and distressed companies, primarily through pooled investment vehicles. Monarch aims to achieve superior risk-adjusted returns by building a diversified portfolio that includes bank loans, corporate bonds, trade claims, and equity securities linked to debt restructurings. The firm's core strategy focuses on identifying "good" companies with unfavorable capital structures and employs an event-driven approach to capitalize on undervalued situations, particularly those that can be improved through restructuring processes. Monarch relies on in-house research and a fundamental analysis method, using a bottom-up stock picking strategy to guide its investment decisions.