During the course of his career financial expert, Gareth Henry has worked for both English and American financial firms. Originally from Scotland, early on in life he became fascinated with mathematics. He decided to study actuarial mathematics and statistics at Edinburgh’s Heriot-Watt University and graduated in 2001, earning first class honors.
Gareth Henry says that his educational background in math has been of immense help during his career in finance. The types of transactions he works on can at times be very mathematically complicated, he says. Early on his career, he was employed as the Director of Strategic Solutions at London’s Schroders, a financial management firm.
He has also worked at Watson Wyatt LLP as a financial analyst and at SEI Investments where he was one of their investment managers. More recently, he spent a significant number of years at New York’s Fortress Investments as their head of global investor relations. Gareth Henry continued in this same position at another alternative asset management firm, Angelo, Gordon & Co.
He says that there are ample opportunities to make money in the private credit investment space. One of the alternative asset classes he is very experienced with is distressed credit. When a middle or large-sized firm has some sort of negative credit even their debt can be bought at a steep discount. Figuring out whether buying this credit will be a good investment or not is something that he applies his mathematical background to.
He says there are a number of risks that have to be taken into account before buying distressed credit. Sometimes an active approach is called for which can create value, Gareth Henry says that other times a passive approach is what will generate the most return. Once Gareth Henry has decided to acquire distressed credit either someone on his staff or someone they have hired will contact the firm that owes this money and they will try to work out a new payment plan. He says that he wants to encourage the other party to begin making payment on this loan once again.
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