Kevin Ulrich
Chelsea Lauren
United States Canada
2021

Anchorage Capital Group

Kevin
Ulrich

Chairman

When Ulrich had his New York-based firm Anchorage Capital invest $500 million in MGM Studios to help bring it out of bankruptcy back in 2010, it was not widely viewed as a smart move. And that perception held over the ensuing decade as the troubled studio gave a $260 million payout to ousted CEO Gary Barber in 2018 as Ulrich fought off challenges from activist investor Carl Icahn. But Ulrich had the last laugh in May 2021 when Amazon agreed to pay $8.45 billion for MGM (valued at $4.3 billion back in 2018), giving Anchorage a $2 billion profit on its investment. In December, Ulrich announced Anchorage would close its $7.4 billion hedge fund to focus on its lower-fee, structured credit business (worth $18 billion) as well as another $4 billion in its distressed-credit products, with Ulrich stepping back into a chairman position.

Career

  • MGM Studios
  • Goldman Sachs
  • Anchorage Capital Group

Education

  • University of Western Ontario (Western University) (Canada)
  • Harvard Law School (USA)

Variety Honors

  • Dealmaker's Impact

Philanthropy

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News from Variety

MGM Board Chair Kevin Ulrich Accused of Sexual Battery in Now-Discontinued Lawsuit

MGM Board Chair Kevin Ulrich Accused of Sexual Battery in Now-Discontinued Lawsuit

Anchorage Capital CEO Kevin Ulrich was accused of sexually assaulting a New York woman in 2019, according to legal filings. His accuser, Jennifer Perry, discontinued the suit without prejudice a month later.In addition to running hedge fund Anchorage, Ulrich also serves as chairman of the board at Metro-Goldwyn-Mayer, the studio behind the James Bond film franchise. Institutional Investor first broke the news of the sexual battery accusations.Representatives for Ulrich and Anchorage did not immediately respond to Variety's request for comment....

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