Corporate Distressed

Jon Bauer

Chief Executive Officer & Chief Investment Officer

Mr. Bauer is a founding member and CEO/CIO of Contrarian Capital Management, L.L.C. and leads the firm’s corporate investment activities. Mr. Bauer has 35 years of experience investing in both active and passive distressed securities. He has headed or served on numerous bank debt, bond, or trade claims committees and is a founding member of the Trade Claims Buyers Association. He has served on a number of Board of Directors including International Coal and Special Metals Corp. From 1986 until 1995, Mr. Bauer was a Managing Director at Oppenheimer and Co. where he founded the distressed sales and trading business and was the co-Portfolio Manager of the Oppenheimer Horizon distressed securities partnerships which commenced operations in 1987. From 1981 to 1986, he was the Senior Analyst in the Bankruptcy Group at Bear Stearns where he originated and helped execute the successful control investment in Revere Copper and Brass. From 1977 to 1979, Mr. Bauer was an Analyst in the Credit Audit Department of The Chase Manhattan Bank N.A. and was responsible for identifying companies in the Bank’s loan portfolio that were likely to default. He received his MBA from Harvard Business School and a BA (with Honors) from Rutgers College.

Janice Stanton, CFA

President & Portfolio Manager

Ms. Stanton is a founding member and President of Contrarian Capital Management, L.L.C. She works closely with Jon Bauer on the firm’s corporate investments activities, with a particular focus on senior secured corporate investments. Ms. Stanton also manages the Contrarian Capital Senior Secured Fund. She has 31 years of experience in distressed securities. Prior to co-founding Contrarian, Ms. Stanton was the Founder and Head of the Bank Debt and Trade Claims desk at Oppenheimer & Co. from 1986 to 1995, and was responsible for bank debt and trade claim investments in the Oppenheimer Horizon partnerships as well as for outside clients. From 1985 to 1986, she was an associate in the corporate finance department of Lehman Brothers and worked on equity and debt financings as well as the first principal LBO investment made by Lehman. Prior to business school, Ms. Stanton was an analyst with Booz Allen Hamilton, focusing on business strategy consulting. She has served on numerous bank debt committees, including Audio Visual Services, Pillowtex and Warnaco. She has also chaired and served on Official Committees of Unsecured Creditors, such as in the case of Service Merchandise and Edison Brothers. Ms. Stanton received her MBA from the Stanford University Graduate School of Business and graduated Beta Gamma Sigma and magna cum laude with a BS from the Wharton School of the University of Pennsylvania. She is also a CFA charterholder.

William Raine

Senior Managing Director & Portfolio Manager

Mr. Raine joined Contrarian in 2003 and is a Co-Portfolio Manager for the Flagship strategy and is responsible for sourcing and managing corporate loans, bonds and trade claims as well as directional shorts. In his role at Contrarian, Mr. Raine has served on the Board of Directors of Quinn Industrial Holdings Limited, Safety-Kleen, Inc., and American Blind & Wallpaper Factory, Inc. Prior to joining Contrarian, Mr. Raine worked in the Private Equity Group of Brown Brothers Harriman where his responsibilities included screening potential investments, performing due diligence and monitoring portfolio companies. Mr. Raine received his MBA from the Wharton School of the University of Pennsylvania and a BA from Oxford University.

Keith McCormack

Managing Director (Trade Claims & Rescue Financing) & Portfolio Manager

Mr. McCormack joined Contrarian in 2004 and has been Portfolio Manager for the Trade Claims strategy since 2010. In addition, he is leading Contrarian’s effort to buy distressed direct loans from direct lenders.  From 2004 to 2010, Keith was the Assistant Portfolio Manager of Contrarian Capital Finance L.P., before assuming full Portfolio Manager responsibilities and successfully harvesting Contrarian’s direct loan portfolio.  Mr. McCormack has served on the Board of Directors of The Matlet Group, Custom Food Products, Inc., and Exam Management Services Inc.  Prior to joining Contrarian, he was a Director with UBS Investment Bank’s Leveraged Finance Group where he was responsible for advising private equity clients on mergers & acquisitions, restructurings, and capital raisings including bank, high yield and mezzanine debt as well as initial public offerings. From 1998 to 2002, he was a Vice President in the Leveraged Finance Group with Donaldson, Lufkin & Jenrette and with Credit Suisse First Boston following their acquisition of DLJ. From 1991 to 1996, he was an Audit Manager of Deloitte & Touche, LLP. Mr. McCormack graduated Beta Gamma Sigma with a MBA from Indiana University Graduate School of Business and received a BA from Catholic University of America.

Josh Weisser

Managing Director (Corporate and Emerging Markets)

Mr. Weisser joined Contrarian in 2015 and is a Managing Director focusing on legal strategy and credit analysis. He brings approximately 10 years of experience as a restructuring/bankruptcy attorney to the firm, most recently with Gibson, Dunn & Crutcher, LLP where he was an Associate in the Business Restructuring Group from 2009 to 2015. At Gibson Dunn, Mr. Weisser worked on a wide variety of assignments in the restructuring/bankruptcy arena; examples include representations of parties in the OSG, Arcapita, Borders, and Madoff cases. Prior to Gibson Dunn, he was an Associate at O’Melveny & Meyers, LLP from 2007 to 2009 and an Associate at Jones Day LLP from 2005 to 2007. Mr. Weisser received his JD/MBA from Duke University and a BA in Economics and History (with distinction) from Cornell University.

Martine Satterlee

Managing Director

Ms. Satterlee joined Contrarian in 2014. In her role at Contrarian, she focuses on analyzing distressed investment opportunities in U.S. Corporate loans, bonds and trade claims. Prior to joining Contrarian, she was an Investment Analyst at Varde Partners where she was responsible for analyzing U.S. stressed/distressed corporate debt from 2012 to 2014. From 2007 to 2010, she was a Senior Analyst at CIM Group where she was responsible for analyzing private equity investments. Ms. Satterlee received a B.A. from the University of Pennsylvania, a M.S. from the London School of Economics and a M.B.A. from the University of Chicago Booth School of Business.

Peter Zuckerman, CFA

Co-Portfolio Manager

Mr. Zuckerman joined Contrarian in 2017 and is a Co-Portfolio Manager for the Flagship strategy. At Contrarian, he analyzes U.S. distressed opportunities across industries. Additionally, he has played an active role in several ad hoc creditor groups.  Prior to joining Contrarian, Mr. Zuckerman was an investment analyst at Grantham, Mayo, Van Otterloo & Co., where he also focused on U.S. distressed credit.  From 2012 to early 2015, he practiced restructuring law at Wachtell, Lipton, Rosen & Katz.  From 2007 to 2009, he was an interest rate derivatives trader at Deutsche Bank AG.  Mr. Zuckerman received a J.D. magna cum laude from Harvard Law School, where he was a member of the Harvard Law Review, and an A.B. magna cum laude from Harvard College, where he was elected to Phi Beta Kappa. He is also a CFA charterholder.

Josh Trump

Co-Portfolio Manager

Mr. Trump re-joined Contrarian in January 2020 as a Managing Director, serving as Co-Portfolio Manager of Contrarian Opportunity Fund II. Prior to re-joining Contrarian,  Mr. Trump was a partner at Jones Road Capital, an opportunistic credit fund, and a Sr. Managing Director at The Trump Group, a family-related real estate development and investment firm.  From 2007-2015 Mr. Trump was an Assistant Portfolio Manager at Contrarian focused on corporate restructuring and liquidations. Mr. Trump began his career as a distressed credit analyst at Satellite Asset Management. Mr. Trump received his BA from the University of Pennsylvania where he majored in Philosophy, Political Science, Economics, and an MBA from Columbia University with a concentration in finance.

Daniel Hung

Managing Director

Mr. Hung joined Contrarian in 2020 and is a Managing Director with a focus on investments for Contrarian Opportunity Fund II. Prior to joining Contrarian, Mr. Hung was a research analyst in the Distressed & Special Situations group at BlueMountain Capital from 2016 to 2020. At BlueMountain, he led health care sector coverage and was responsible for analyzing and executing investments across the capital structure of public and private companies including special situations direct loans. From 2014 to 2016, he was an analyst at Knighthead Capital Management where he was responsible for long and short investments in distressed and event-driven situations. Prior to Knighthead, he was an associate in the Restructuring & Reorganization Group at Blackstone; an associate at Riverside Partners, a Boston-based private equity firm; and an analyst at BlackRock Kelso Capital. Mr. Hung received a B.S. cum laude from Columbia University and a M.B.A. from the Wharton School of the University of Pennsylvania.

Karim El Khoury

European Corporate Strategy Head (London)

Mr. El Khoury joined Contrarian in 2004 and is the Managing Member of our London based affiliate, Contrarian Capital London.  Mr. El Khoury is responsible for identifying, analyzing, and monitoring Contrarian’s European corporate investments.  Prior to joining Contrarian, Mr. El Khoury was Director of Exor S.A., an investment holding company owned by the Agnelli Group, from 1993-2003.  In that capacity he helped develop the Group’s portfolio of European investments across several sectors.  From 1990-1993, he was a Manager in the Paris office of strategy consulting firm Bain & Company, overseeing corporate strategy and operational restructuring assignments.  From 1987-1990, he was an Associate in the M&A department of Merrill Lynch in N.Y., and worked on the successful completion of several buy side and sell side transactions in the U.S. From 1984-1985, he was an Analyst in the M&A department of Lazard Frères in N.Y. He is fluent in French.  Mr. El Khoury received his MBA from the Wharton School of Business and graduated magna cum laude with a BSBA from Georgetown University.

Kimberly Gianis

Trade Claims

Ms. Gianis joined Contrarian in 2009 and is a Senior Vice President and member of the trade claims team. In her role at Contrarian, Ms. Gianis monitors and researches smaller bankruptcies and liquidations. Prior to joining Contrarian, Ms. Gianis was an Associate at Deutsche Bank Sourcing/Origination where she sourced bank debt and trade claims from 2005 to 2009. Ms. Gianis received a BA from Vanderbilt University where she played Division I lacrosse and had a 2004 final four appearance.

Michael Spillane

Head Trader

Mr. Spillane joined Contrarian in 2004 and was promoted to the position of Senior Vice President and Head Trader in January of 2009. Prior to joining Contrarian, he worked on the bank debt trading desk at the inter-broker dealer Fimat USA, Inc. He is responsible for overseeing the firm’s trading operation and has experience trading equities, debt, derivative instruments and trade claims in the U.S., European and Emerging markets. Mr. Spillane serves as a member of the Firm’s Valuations Committee. Mr. Spillane graduated cum laude with a BA from Loyola University Maryland.

Tim Lantz


Mr. Lantz joined Contrarian in 2008. Prior to joining Contrarian, he was a Fixed Income Operations Associate with JPMorgan Hedge Fund Services from 2007 to 2008. From 2006 to 2007, he was a Market Administrator at Tullet Prebon, an interdealer broker. Mr. Lantz received a BS from Sacred Heart University.

Cristin Caufield


Ms. Caufield joined Contrarian in 2009 as a Pricing Analyst/Operations Associate and was promoted to the position of Trader in August 2014.  Prior to joining Contrarian, she was a Senior Operations Associate with Basso Capital from 2007 to 2009.  From 2004 to 2007, she was employed with GE Asset Management, working on both the Equity and Fixed Income Operations teams.  Ms. Caufield received a BS from Bentley University.