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So has anyone actually looked at who Robert M. Bass contributes to?

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originalpckelly Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-25-08 04:47 PM
Original message
So has anyone actually looked at who Robert M. Bass contributes to?
I guarantee there'll be a little surprise! :P

They're all Democrats from what I see.

His brother and the rest of the family may be Republicans, but he and his wife donate to Democrats.

Now isn't that interesting?

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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-25-08 05:07 PM
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1. Yes but which Democrats
I did a search and Sonia Gardner her sister, who is partnership with Robert M Bass Group gave
to Hillary.

Avenue Capital Group - Firm

Avenue Capital Group was founded in 1995 by Marc Lasry and Sonia E. Gardner. Pioneers in the distressed debt market, Mr. Lasry and Ms. Gardner have successfully invested in the public and private debt and equity securities of distressed companies across a variety of industries for over two decades.

Prior to founding Avenue, Mr. Lasry and Ms. Gardner founded Amroc Investments, LLC. Amroc began in 1989 as a $100 million distressed debt investment partnership organized by Mr. Lasry and Ms. Gardner in association with the Robert M. Bass Group, Inc.

Headquartered in New York, with offices in London, Luxembourg, Munich, and eight offices throughout Asia, the firm manages assets valued at approximately $20.1 billion as of December 31, 2007. Avenue draws on the skills and experience of approximately 350 employees and its Partners, Marc Lasry and Sonia E. Gardner, who have spent virtually their entire careers in the field of distressed investments.

In case you are wondering, here is a description of distressed debt (or securities), courtesy of Wikipedia:

Distressed securities

Distressed securities are securities of companies or a nations central bank that are either already in default, under bankruptcy protection, or in distress and heading toward such a condition. When it comes to fixed income, these types of securities are below investment grade, and can include corporate credit as well as emerging market government fixed income

When companies enter a period of financial distress, the original holders often sell the debt or equity securities of the issuer to a new set of buyers. In recent years, private investment partnerships such as hedge funds have been the largest buyers of distressed securities. Other buyers include brokerage firms, mutual funds, private equity firms, and specialized debt funds (such as collateralized loan obligations) are also active buyers.

Investors in distressed securities often try to influence the process by which the issuer restructures its debt, narrows its focus, or implements a plan to turn around its operations. Investors may also invest new capital into a distressed company in the form of debt or equity
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