Marc Gamsin.President SunAmerica Ventures SunAmerica Alternative Investments MARC Gamsin's most recent deals involve Integrated Micromachines, a company that manufactures switches to speed up transmissions over the Internet, and Talk 2 Technology, a company that provides voice access to computer information. As president of SunAmerica Alternative Investments and SunAmerica Ventures, Gamsin focuses on investing in high-tech infrastructure companies that specialize in communications infrastructure and Internet software and services. Gamsin has been responsible for SunAmerica's $3 billion alternative investment portfolio since 1996. The portfolio includes investments in leveraged buyouts leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. , distressed debt distressed debt Debt with low junk status and a market price substantially below par value, often pennies on the dollar. Investors sometimes buy distressed debt on the possibility that management can renegotiate loan agreements and keep the issuer out of , real estate and emerging market funds, as well as hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" and direct private equity investments. Gamsin is also responsible for the activities of SunAmerica Ventures, which he founded in 1997. Before joining SunAmerica in 1996, Gamsin was a partner for 10 years at the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. law firm of O'Melveny & Myers, where he represented investment fund sponsors and other financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. companies, and handled merger and acquisition transactions. |
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