Emerging Markets Distressed
Emerging Markets Portfolio Manager
Mr. Xiao Song is the Portfolio Manager for Contrarian Emerging Markets, L.P. and is a special limited member of Contrarian Capital Management, L.L.C. In addition to managing the emerging markets strategy, Mr. Song has been a driving force behind Contrarian’s emerging markets activities since the inception of the strategy in 2006. He is responsible for all emerging markets sourcing, investing and research efforts across the firm and has served on numerous informal and ad-hoc creditor committees. Mr. Song joined Contrarian in 2003 as a Senior Analyst where his responsibilities included sourcing, researching and proposing global distressed long and short investments across the capital structure. From 2001 to 2003, Mr. Song was an Analyst in the Mergers & Acquisitions Investment Banking Group at Merrill Lynch & Co where he performed detailed fundamental analysis on current and prospective client companies across all industries. Mr. Song received a B.S. in Finance from the University of Illinois in 2001. Mr. Song is fluent in Mandarin.
Mr. Lerner joined Contrarian in 2013 and is responsible for sourcing, analyzing and investing in special situations and distressed investments in the US, Latin America and Europe. Prior to joining Contrarian, Mr. Lerner was a Research Analyst at Third Avenue Management in New York from 2010-2013 where he covered event driven and distressed investments in equity and debt securities of corporates in Business Services, Shipping, Offshore Oilfield Services, Building Products and Oil & Gas. From 2006–2010 Mr. Lerner worked in Investment Banking and the Leveraged Finance divisions at Morgan Stanley where he focused on the origination, structuring and execution of a variety of transactions including LBO financings, dividend recapitalizations, M&A financings and capital markets activities including bank debt, high yield bond and mezzanine financings. Mr. Lerner received his BS in Finance and Marketing from Syracuse University.
Mr. Bauer joined Contrarian in 2011 and is a special limited member of Contrarian Capital Management, L.L.C. His primary focus is on Peripheral Europe, the Middle East and Africa. Mr. Bauer is involved in all aspects of the investment process, including sourcing, research/diligence, and monitoring existing and potential investment opportunities across the portfolio. He has served on various creditor committees and has participated in a number of complex cross-border restructurings. Mr. Bauer speaks Spanish and graduated from Brown University Phi Beta Kappa, Magna Cum Laude with a BA in International Relations and Economics.
Annick Gnock Fah
Emerging Markets (Hong Kong)
Ms. Gnock Fah joined Contrarian in 2007 and is responsible for generating, researching and monitoring corporate investments in emerging markets with a primary focus on Asia. Prior to joining Contrarian, Ms. Gnock Fah was an analyst in Consumer, Retail & Healthcare Group at JPMorgan from 2005-2007 where she executed merger & acquisition, equity and debt financing transactions. From 2004-2005, she was an Analyst in the Asian & European Clients Group at JPMorgan where she focused on debt and equity originations. She is Fluent in Mandarin, Cantonese and French. Ms. Gnock Fah has a B.A. in Business Administration and Economics, with a double major in East Asian Languages, summa cum laude from the University of Notre Dame and graduated beta gamma sigma. Ms. Gnock Fah is also member of the Emerging Markets Foundation, which is a not-for-profit organization.
Emerging Markets (São Paulo)
Mr. Strasser joined Contrarian in 2007 and is responsible for generating, researching and monitoring corporate investments in emerging markets with a primary focus on Brazil and the rest of Latin America. Mr. Strasser has lived and worked in Sao Paulo, Brazil since 1998. Prior to joining Contrarian, from 2006-2007, Mr. Strasser was an attorney at the law firm of Sherman & Sterling in São Paulo, Brazil, where he was responsible for originating and executing cross-border financing transactions. From 1998-2004, he was an Executive VP at the technology firm Veritel Group in São Paulo, Brazil. From 1988-1998, he was a principal for a family investment company with a focus on the turnaround of a real estate portfolio of more than 800,000 square feet of office and retail space in New York City. From 1987-1988, he worked in investment banking in the Financial Institutions Group at Merrill Lynch Capital Markets, originating and executing financing and M&A transactions. Mr. Strasser is fluent in Portuguese, Spanish, and French and is proficient in Arabic. He received an MBA from Harvard Business School and a JD, cum laude, from Harvard Law School, an M.Sc. in Economics from the London School of Economics and an AB, magna cum laude, in Economics from Harvard College.