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Anchorage Posts Solid Gains in Distressed Strategy

The low-profile New York firm profited from positions in MGM and Houghton Mifflin Harcourt, among others.

Anchorage Capital Partners, the low-profile, New York–based hedge fund firm founded in 2003 by Goldman Sachs alums Kevin Ulrich and Anthony Davis, continued its strong run of performance in 2013. The firm posted a 20.85 percent net gain for the year; this came on the heels of a 16.44 percent

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