Chatham Asset Management LLC is an American hedge fund, founded by Anthony Melchiorre in 2000, with a large foothold in newspapers and tabloids, headquartered in Chatham Borough, New Jersey, United States. The company holds a controlling interest in Postmedia, A360media, McClatchy, and RR Donnelley.[1][2] Chatham's key principal is Larry Buchalter.
According to a 2018 article in Fortune, Chatham is known for its close ties to the Republican Party.[3] Chatham has a reputation for hard-edged business tactics. In 2016, the Financial Industry Regulatory Authority opened a review of Seaport Global Securities that included an examination of its relationship with Chatham.[3]
In 2023, Chatham and Melchiorre were charged by the U.S. Securities and Exchange Commission with 'improper trading of certain fixed income securities.', in relation to client trades of AMI stock.[4] They agreed to pay over $19.3 million collectively in fines.[5]
- ^ "Chatham Asset Management LLC - Company Profile and News". Bloomberg.com. Retrieved July 10, 2023.
- ^ 26 Main Street, Chatham Borough, New Jersey 07928 U.S. Accessed April 13th, 2024.
- ^ a b Smith, Gerry; Burton, Katherine; Nasiripour, Shahien; McNeely, Allison (August 30, 2018). "Behind Trump Tabloid King, a Connected and Flush Hedge Fund". Bloomberg. Retrieved April 27, 2024.
- ^ "SEC Charges Chatham Asset Management and Founder Anthony Melchiorre for Improper Fixed Income Securities Trading". U.S. Securities and Exchange Commission.
- ^ "SEC.gov | SEC Charges Chatham Asset Management and Founder Anthony Melchiorre for Improper Fixed Income Securities Trading". Retrieved April 27, 2024.