Empyrean Capital Partners, LP
Empyrean Capital Partners, LP is a Los Angeles-based hedge fund founded in 2004 that specializes in alternative investment strategies. The firm manages approximately $4.9 billion in assets and employs around 31 professionals, primarily investors. It serves institutional investors and high-net-worth individuals, focusing on global credit, equity, and event-driven opportunities.
Investment Strategy
Empyrean Capital Partners utilizes an opportunistic and event-driven investment approach, seeking alpha primarily through investments in distressed securities, long/short equity, corporate credit, and special situations globally. The firm is known for its rigorous fundamental research and a disciplined risk management framework, aiming to capture value and manage downside in complex market environments.
Top Holdings
Equity Positions (55)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A AER | AERCAP HOLDINGS NV | 5.62% | $167.5M | 1,432,000 | $56.14 | $117.00 | +$26.3M |
S SHEL | SHELL PLC | 5.43% | $161.9M | 2,300,000 | $71.98 | $70.41 | -$6.6M |
H HES | HESS CORP | 4.21% | $125.5M | 906,000 | $128.02 | $138.54 | -$66.0M |
L LBRDK | LIBERTY BROADBAND CORP | 3.04% | $90.6M | 920,781 | $86.06 | $92.10 | +$63.3M |
M MPC | MARATHON PETE CORP | 2.96% | $88.2M | 531,000 | $146.09 | $166.11 | +$12.4M |
Options Positions (2)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
H HYG | ISHARES TR | Sold | Put | $443.6M | 55,000 | $80.65 | $78.89 | -3,000 | -$14.0M |
I IWM | ISHARES TR | Sold | Put | $377.6M | 17,500 | $215.79 | $199.49 | -850 | +$11.6M |
Industry Allocation
Investment Team (2)
| Name | Role | Location | |
|---|---|---|---|
C Christopher Abad | Partner | New York, NY , United States | |
S Shamika Dighe | Investment Analyst | New York, NY , United States |