Rubric Takes a Big Stake in Hertz

Here’s where one-time Institutional Investor Rising Star and SAC alum David Rosen is finding deep value.

Luke Sharrett/Bloomberg

Luke Sharrett/Bloomberg

David Rosen isn’t exactly a credit and distressed-debt specialist. Yet the one-time II Hedge Fund Rising Star has emerged as the fourth-largest shareholder of Hertz Global Holdings, the recently reorganized car rental giant.

Rosen’s Rubric Capital Management disclosed that it owns roughly 9.9

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