Founded in 2012, Saltoro Capital is a global event-driven hedge fund manager headquartered in Dallas, Texas. Saltoro specializes in leveraging hard catalysts that redistribute cash and visible cash flow across various capital structures.
Vishal Bhutani is the Chief Investment Officer and sole portfolio manager at Saltoro Capital, a firm he founded in 2012. Before establishing Saltoro, Mr. Bhutani played a pivotal role in developing the event-driven strategy at Structured Portfolio Management (SPM) and served as a portfolio manager for the SPM Opportunity Fund. Earlier in his career, he was a Portfolio Manager at Alexandra Investment Management, overseeing global event-driven credit and equity portfolios. In 2006, Mr. Bhutani expanded operations into India, where he built an investment platform across Asia, leading a team of analysts as Head of Research before assuming portfolio management responsibilities. With over 19 years of hedge fund investment experience, Mr. Bhutani has actively participated in creditor committees during corporate restructurings. He began his career as a Distressed Security Analyst at Magten Asset Management, specializing in distressed credits across various regions. Mr. Bhutani started in Corporate Finance and Strategy as an Associate at McKinsey & Company. He holds an MBA from NYU’s Stern School of Business, a Master’s degree in Finance from the University of Delhi, and is a CFA Charterholder.
Saltoro Capital manages discretionary assets totaling $104,150,203 for two clients, as reported in their Form ADV dated March 2024. Their Q1 2024 13F filing disclosed $78,877,407 in managed 13F securities, with a top 10 holdings concentration of 94.06%. The firm's largest holding is SPDR S&P 500 ETF TRUST, with 80,000 shares held.
