Monarch Alternative Capital Info/Insight?
$5B distressed fund. Anyone know anything about them and their rep compared to DK, Baupost, York, Elliott, the usuals? Compensation? They seem unique in that they don't really hire restructuring backgrounds (bar Weinstock's son). Seem to take more from Bulge brackets and PE. Why is that? Also seem to have a bias for RE backgrounds and doesn't look like they silo those guys into doing only RE work. Why is that?