Funding financial institution PJT Companions Inc. has employed the previous U.S. head of restructuring at hedge fund Anchorage Capital Group as a associate, stated folks accustomed to the matter.
Charles Tauber, 50 years previous, had a serious position within the New York hedge fund’s investments in distressed corporations together with the Hollywood film studio MGM Holdings Inc., PG&E Corp. and J.Crew Group. He’s slated to begin at PJT in September in its restructuring and special-situations group, one of many folks stated. Mr. Tauber left Anchorage in 2020 after greater than a decade there.
Most just lately, PJT labored with Mr. Tauber on J.Crew. PJT suggested Anchorage and different collectors on an committee fashioned to assist shepherd J.Crew by way of its 2020 restructuring. J.Crew emerged from chapter final 12 months with Anchorage as its majority proprietor.
In one of many different investments, Anchorage notched paper income of about $2 billion on its greater than decadelong investment in MGM earlier this 12 months with Amazon.com Inc.’s settlement to purchase MGM. The deal is under review by the Federal Commerce Fee.