Soo Kim, Standard General's managing partner had been an independent director of the company since 2016 and was elected chairman of the board of directors in late 2019. is the largest shareholder of Bally's Corporation, formerly known as Twin River Worldwide Holdings. Since 2007, it has invested in both publicly traded and private entities and is known for making several control investments. The firm has the ability to invest across the capital structure but is better known for specializing in distressed debt. Standard General pursues a single strategy of opportunistic investing primarily in levered U.S. is the largest shareholder of Bally's Corporation.
Standard General was active in managing the bankruptcies of Aliante Casino and Hotel, American Apparel, Greektown, RadioShack and Young Broadcasting.Īs reported in the 2019 10K, Standard General L.P. is controlled by Standard General Management LLC which is controlled by Acme Amalgamated Holdings, LLC, which is ultimately controlled by Mr. was the recipient of the New York City Comptroller's Office Diverse Practitioner Award. Since 2013, Soo Kim has been the Managing Partner and Chief Investment Officer. It was founded in 2007 by Soohyung 'Soo' Kim and Nicholas Singer with seed capital from Reservoir Capital Group. is an American hedge fund headquartered in New York City.
