Paul Glazer's Glazer Capital’s Return, AUM, and Holdings
Twenty years ago, Paul J. Glazer launched his own merger arbitrage hedge fund, which he called Glazer Capital.
Glazer Capital, established in 1998 by Paul Glazer and Mark Ort, stands as a prominent hedge fund manager headquartered in New York. Renowned for its expertise, the firm specializes in three core strategies: merger arbitrage, SPAC arbitrage, and event-driven fixed-income strategies, cementing its position as a leader in the financial industry.
Paul Glazer serves as the Founder, Chief Executive Officer, and Chief Investment Officer of Glazer Capital, LLC. Prior to establishing Glazer Capital in 1998, he accrued a decade of experience on the sell-side at esteemed firms such as Houlihan Lokey, Jefferies & Company, Bear, Stearns & Co., and Oscar Gruss & Son. During this period, Paul specialized in analysis and institutional sales, with a focus on merger arbitrage, when-issued securities, options strategies, and various equity arbitrage techniques. Paul earned a Bachelor of Science degree in Economics from the Wharton School at the University of Pennsylvania. Before founding Glazer Capital, he dedicated two years to advanced Jewish Studies at Machon Shlomo in Jerusalem. Outside of his professional endeavors, Paul actively participates in numerous local and national charitable organizations. He resides in New York City with his wife and two sets of twins.
Glazer Capital manages assets totaling $2,460,624,000 for a select clientele, as per their March 2024 Form ADV. Their Q1 2024 13F filing reveals a managed securities portfolio worth $960,852,000, demonstrating their strategic management prowess. Notably, their top 10 holdings account for 52.08% of the portfolio, with American Equity Investment Life Holding, Co. leading the pack with 1,543,200 shares held,
