Published on 9 Nov 2022 on Insider Monkey via Yahoo Finance
10 Stocks to Buy According to Mark T. Gallogly’s Centerbridge Partners
In this article, we discuss 10 stocks to buy according to Mark T. Gallogly's Centerbridge Partners. If you want to skip our detailed analysis of Gallogly's investment philosophy and portfolio construction, go directly to 5 Stocks to Buy According to Mark T. Gallogly's Centerbridge Partners.
Mark Gallogly and Jeffrey Aronson established Centerbridge Partners in 2005. Aronson began his legal career at Stroock & Stroock & Lavan before taking on the role of Centerbridge Partners' investment activities manager. Although he still owns a sizable piece of Centerbridge Partners and is the fund's inventor, Gallogly left the hedge fund in December 2020. For this reason, the words Centerbridge Partners and Mark Gallogly are used alternately in this article.
The Special Credit III Flex Fund of the New York-based hedge fund Centerbridge Partners generated a total return of 51% for 2021. The fund performed better thanks to investments, including the insurance company HCI Group Inc. and the auto parts producer Garrett Motion Inc. The $1.3 billion Special Credit III Fund, Centerbridge's flagship product, generated a 37% total return for the year 2021.