Mr. Andrew ThauCantor Fitzgerald, New York, NY
ANDREW is a managing director on the firm’s High Yield/Distressed Trading Desk. In this role, he publishes research and speaks with clients on a variety of distressed-investment opportunities and other special situations, as well as regulatory and thematic issues in distressed investing. He is an industry generalist with a particular focus on complex situations with litigation or regulatory issues.Previously, Andrew was a senior research analyst at Southpaw Asset Management LP, a $1+ billion hedge fund focused on distressed/eventdriven investments. He played a key role on the TXU 1L ad hoc committee, whose right to a $600 million makewhole claim was vindicated at the Third Circuit. He also published distressed research as an analyst at GMP Securities, LLC and was a corporate restructuring associate at Skadden, Arps, where he represented parties in all aspects of chapter 11 bankruptcy cases and out-of-court restructurings. He also advised investors and other parties in the Lehman Brothers chapter 11 cases, including Prudential in the successful resolution of its $750 million derivative transaction litigation with Lehman Brothers.Andrew started out as a restructuring associate at Curtis, Mallet-Prevost, where he advised the federal government’s Air Transportation Stabilization Board in restructuring loan guarantees to US Airways, ATA Airlines and Aloha Airlines. He enjoys mentoring analysts who suddenly find themselves owning bonds of a bankrupt company, but who have limited restructuring experience.
Andrew’s research is read by hundreds of distressed investors every day and can have significant influence on how distressed investors view a certain issue or credit. Andrew has an impressive ability to explain restructuring transactions and legal concepts (and their significance or implications) in a manner that provides the detail needed ... while also being accessible for nonlawyers.