MiB: Tom Wagner, Knighthead Capital Administration



This week, we converse with Thomas Wagner, CIO, co-chairman and co-founder of Knighthead Capital. The deep worth and particular scenario fund manages $10 billion in belongings. He’s a co-investor with Tom Brady in a number of sports activities belongings, together with a pickleball crew, the English Soccer League’s Birmingham Metropolis membership, and an endurance auto racing crew. Earlier than founding Knighthead Capital, Wagner was a managing director answerable for operating the distressed and high-yield credit score buying and selling desks at Goldman Sachs & Co. Wagner started his profession doing hedge fund accounting at Ernst & Younger.

Among the particular conditions the fund is concerned with embody shopping for Hertz out of chapter and taking a considerable stake in PG&E post-bankruptcy following California’s Camp Fireplace wildfire.

Wagner has additionally co-invested in a number of sports activities belongings with Tom Brady, together with a Pickleball crew, Birmingham Metropolis FC within the English Soccer League, and an endurance racing motorsport crew. There are alternatives past the Large 4 skilled sports activities leagues which have the potential to be the subsequent nice leisure funding. He additionally explains why reaching nice success requires fund entrepreneurs to “put all of it on the road.” Founders should embrace threat in the event that they need to obtain greatness, which is one thing we are likely to overlook about society’s greatest risk-takers.

He additionally recollects his experiences on 9/11, watching papers with their edges singed blow by the home windows of his desk on the Goldman Sachs buying and selling ground.

An inventory of his favourite books is right here; A transcript of our dialog is accessible right here Tuesday.

You’ll be able to stream and obtain our full dialog, together with any podcast extras, on iTunes, Spotify, Stitcher, Google, YouTube, and Bloomberg. All of our earlier podcasts in your favourite pod hosts may be discovered right here.

Remember to try our Masters in Enterprise subsequent week with Jawad Mian, CFA and Chartered Market Technician, who runs the unbiased international macro analysis and buying and selling advisory agency Stray Reflections. The agency’s focus is on main funding themes, and its purchasers embody lots of the world’s largest hedge funds and different asset managers.



Tom Wagner Present Studying

One Second After by William R. Forstchen

Lights Out: A Cyberattack, A Nation Unprepared, Surviving the Aftermath by Ted Koppel



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