Event-Driven • Opportunistic
Firm Overview
Standard General L.P. is an SEC-registered investment adviser founded in 2007 by Managing Partner and Chief Investment Officer Soohyung (“Soo”) Kim.
Standard General employs an event-driven and opportunistic strategy, taking a private equity-like approach to invest in public companies while shorting equities and credit to generate alpha and manage risk during periods of market volatility. We seek opportunities across the capital structure at the intersection of public and private markets, investing opportunistically and dynamically in debt and equity securities. We believe this approach can generate a differentiated and uncorrelated return stream.
Standard General is based in New York City and oversees assets for institutional investors, high-net-worth individuals, and employees. Soo Kim leads a diverse, highly experienced 17-person team, including seven investment professionals. The investment team has decades of experience in the financial markets, specializing in distressed and special situations investing.
Investment Philosophy
Opportunistic
We are event-driven and opportunistic, seeking companies with dislocated valuations where we believe we can help resolve issues that create a valuation overhang.
Mid-Market Focus
We believe the best risk-adjusted returns can be found in the middle markets, where there is less competition, and it is easier to enact change.
Investing “In the Seams”
To isolate attractive investment opportunities, we look “in the seams,” at the intersection of debt and equity, as well as the intersection of public and private markets, where there is less competition.
Seeking Influence
We target control positions in public companies, as this provides access to better information and the ability to work constructively with management to reposition businesses and address operational inefficiencies.
Dynamic Hedging
We short equities and credit to generate alpha and dynamically hedge our portfolio during periods of market volatility.
Leadership
Mr. Kim is the Firm’s Managing Partner and Chief Investment Officer. He has worked in the hedge fund industry since 1997, specializing in distressed and special situations investing. Prior to founding Standard General in 2007, he was one of the Founding Partners and Director of Research of Cyrus Capital Partners, a Principal at Och-Ziff Capital Management and an analyst at the Bankers Trust Company. Mr. Kim currently serves as Chairman of the Board of Directors of Bally’s Corporation (NYSE: BALY). He also serves as a Director of Pursuit Transformation Company, a Director and Treasurer of the Cary Institute of Ecosystem Studies, a Director of Wethersfield Foundation, and the former President of the Stuyvesant High School Alumni Association. Mr. Kim was inducted into the GAMCO Investment Management Hall of Fame in 2016 and won American Executive of the Year at the Global Gaming Awards in 2021. He holds an A.B. from the Woodrow Wilson School of Public and International Affairs at Princeton University.
Media
Contact Us
Standard General767 Fifth Avenue T: 212-257-4701 |
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Effective as of May 1, 2014
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Disclaimer
Effective as of May 1, 2014
The information contained herein is confidential information regarding Standard General L.P. and its affiliates (collectively, “Standard General”). Material presented herein is believed to be reliable, but none of Standard General or any of its affiliates or employees makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein and nothing contained herein shall be relied upon as such or as a promise or representation as to the past or future performance of any funds or accounts managed by Standard General (the “Funds”). Information and opinions are as of the date stated above only and are subject to change without notice. Standard General has no obligation to inform the recipient when information contained herein changes or is updated. Additional information is available on request. You acknowledge that any of your requests for information are unsolicited and information provided or made available by Standard General shall neither constitute nor be construed as investment advice from Standard General to you or to form an investment advisory relationship, or any other client relationship between you and Standard General. Standard General is not responsible for any damages or loss related to the use of the website or any materials contained herein or from any computer virus, malfunction or other failure.
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