Contrarian was established in 1995 by Jon Bauer, Janice Stanton and Gil Tenzer as a specialist in distressed investing. Jon Bauer, who began his focus on investing in distressed opportunities at Bear Stearns in 1981, founded the Distressed Debt & Trade Claims businesses at Oppenheimer & Co. (“OPCO”) in 1986. He and Janice Stanton, Jon’s first senior hire, began managing portfolios of distressed assets together at OPCO in 1986, marking the inception of what is now Contrarian’s flagship strategy. They were joined at OPCO by Gil Tenzer in 1993.
Today, the multi-billion dollar firm manages predominately institutional client assets, employing professionals across offices in Greenwich, Connecticut (global headquarters), Paris, London, São Paulo, and Hong Kong. While the firm has broadened the team and capabilities over time, Contrarian has consistently managed clients’ portfolios with a singular focus on distressed investing. With more than 30 years of distressed investing experience, the Contrarian team has particular expertise investing in private securities and complex claims, and maintains a keen focus on capital preservation.