Richard Philip Furst
Chief Investment Officer at Avenue Capital Management II LP
Profile
Mr. Richard P.
Furst is a CIO & Co-Head of Europe Strategy at Avenue Europe Management LLP and Avenue Capital Management II LP.
He has a joint responsibility for directing the investment activities of the Avenue Europe Strategy, and dedicates his time predominantly to the Europe Strategy.
Mr. Furst also serves as Avenue’s Chief Investment Officer and spends a portion of his time providing high-level investment oversight globally.
He started with Avenue in 2004 as a Portfolio Manager for the U.S.
Strategy.
Prior to joining Avenue, Mr. Furst was a Portfolio Manager with Moore Capital Group, focusing on both U.S.
and European distressed and high yield securities.
Prior to that, he was a Managing Director and Head of the U.S.
Special Situations Trading Group for Bank of America.
Previously, Mr. Furst was a Vice President in the High Yield and Distressed Trading and Research Department of Salomon Brothers Inc., after serving as an Associate in the Mergers, Acquisitions, and Restructuring Group.
He received a B.S.
in Economics from the Wharton School of the University of Pennsylvania (1986) and an M.B.A.
from the Kellogg School of Management of Northwestern University (1989).
Richard Philip Furst active positions
| Companies | Position | Start |
|---|---|---|
Avenue Capital Management II LP
 Avenue Capital Management II LP Investment ManagersFinance Avenue Capital Management II LP (Avenue US) is a SEC-registered investment advisor and hedge fund manager headquartered in New York City. The firm was founded by Marc Lasry and Sonia Gardner in 2000. They are a subsidiary of Avenue Management Holdco LP, ultimately held by GL Management LLC. Avenue US provides investment advisory services to private investment funds. | Chief Investment Officer | - |
Former positions of Richard Philip Furst
| Companies | Position | End |
|---|---|---|
Avenue Europe Management LLP
 Avenue Europe Management LLP Investment ManagersFinance Avenue Europe Management LLP (AEM) is an alternative asset manager headquartered in London, UK. The firm was founded in 2004 and is a subsidiary of Avenue Europe International Management LP (Avenue Europe International), which is owned by Avenue GL Europe LLC. AEM serves as the investment manager and sub-advisor to Avenue Europe International. | Chief Investment Officer | 2020-07-15 |
Hawthorn Leisure Ltd.
 Hawthorn Leisure Ltd. RestaurantsConsumer Services Hawthorn Leisure Ltd. operates pubs. It offers a wide choice of pubs for aspiring pub operators. The company was founded in 2014 and is headquartered in Solihull, the United Kingdom. | Director/Board Member | - |
| Salomon Brothers, Inc. | Corporate Officer/Principal | - |
Banc of America Securities LLC
 Banc of America Securities LLC Investment Banks/BrokersFinance Headquartered in Charlotte, North Carolina, Banc of America Securities (BAS) is the investment banking subsidiary of Bank of America Corp (NYSE: BAC). The firm provides both the domestic and international equity and investment banking markets, and pursues a strategy pioneered by Citigroup that combines corporate lending with investment banking advice and services. They provide high-yield debt underwriting and leveraged finance, in addition to industry coverage groups such as healthcare, media and telecom, financial institutions, real estate and gaming. BAS also does a significant amount of work for Financial Sponsors, or private equity firms, often financing leveraged transactions. Following the strategy of Goldman Sachs, the firm lacks a standalone mergers and acquisitions department, instead employing mergers and acquisitions senior bankers throughout the industry coverage groups. The firm is registered as a broker/dealer with the SEC, is a member of the NYSE, and the NASD. The use of Banc in the BAS's name is indicative of the fact that the company is not a bank, and their deposits and other holdings are not insured by the FDIC. | Trading-Fixed Income | - |
Training of Richard Philip Furst
| Kellogg School of Management | Masters Business Admin |
| The Wharton School of the University of Pennsylvania | Undergraduate Degree |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Private companies | 5 |
|---|---|
Banc of America Securities LLC
Banc of America Securities LLC Investment Banks/BrokersFinance Headquartered in Charlotte, North Carolina, Banc of America Securities (BAS) is the investment banking subsidiary of Bank of America Corp (NYSE: BAC). The firm provides both the domestic and international equity and investment banking markets, and pursues a strategy pioneered by Citigroup that combines corporate lending with investment banking advice and services. They provide high-yield debt underwriting and leveraged finance, in addition to industry coverage groups such as healthcare, media and telecom, financial institutions, real estate and gaming. BAS also does a significant amount of work for Financial Sponsors, or private equity firms, often financing leveraged transactions. Following the strategy of Goldman Sachs, the firm lacks a standalone mergers and acquisitions department, instead employing mergers and acquisitions senior bankers throughout the industry coverage groups. The firm is registered as a broker/dealer with the SEC, is a member of the NYSE, and the NASD. The use of Banc in the BAS's name is indicative of the fact that the company is not a bank, and their deposits and other holdings are not insured by the FDIC. | Finance |
Avenue Europe Management LLP
Avenue Europe Management LLP Investment ManagersFinance Avenue Europe Management LLP (AEM) is an alternative asset manager headquartered in London, UK. The firm was founded in 2004 and is a subsidiary of Avenue Europe International Management LP (Avenue Europe International), which is owned by Avenue GL Europe LLC. AEM serves as the investment manager and sub-advisor to Avenue Europe International. | Finance |
Avenue Capital Management II LP
Avenue Capital Management II LP Investment ManagersFinance Avenue Capital Management II LP (Avenue US) is a SEC-registered investment advisor and hedge fund manager headquartered in New York City. The firm was founded by Marc Lasry and Sonia Gardner in 2000. They are a subsidiary of Avenue Management Holdco LP, ultimately held by GL Management LLC. Avenue US provides investment advisory services to private investment funds. | Finance |
| Salomon Brothers, Inc. | Finance |
Hawthorn Leisure Ltd.
Hawthorn Leisure Ltd. RestaurantsConsumer Services Hawthorn Leisure Ltd. operates pubs. It offers a wide choice of pubs for aspiring pub operators. The company was founded in 2014 and is headquartered in Solihull, the United Kingdom. | Consumer Services |
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