GOLDIN ASSOCIATES TEAM
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MARTI P. MURRAYMMurray@goldinassociates.com…|…Get VCard…|…T 212 593 2255…|…F 212 888 2841…|…
|Marti P. Murray is a 30-year veteran of the financial services industry with specific expertise in the distressed debt and bankruptcy arenas. She was the founder of Murray Capital, an SEC-registered investment advisor specializing in distressed debt investing. The distressed debt business was acquired in 2008 by Babson Capital, a division of MassMutual.
Ms. Murray began her financial services career in 1982 at Bank of America where she received formal credit training and was a relationship banker for Fortune 500 companies including some in financial distress. Ms. Murray joined Oppenheimer and Company in 1987, when the Oppenheimer Horizon Fund (one of the first hedge funds dedicated to distressed debt investing) was launched. Oppenheimer was also an early investor in private claims, including trade claims and bank debt. An Associate when she first joined, Ms. Murray was promoted to Senior Vice President within two years. In 1990 Ms. Murray moved to the broker-dealer Furman Selz to become Managing Director and leader of the distressed debt investing group. At Furman Selz Ms. Murray and her team invested in the asset class on a proprietary basis while also successfully developing a third-party money management business for the firm.
In 1995 Ms. Murray founded Murray Capital Management, Inc., specializing in investment strategies in distressed debt, private claims, transitional high yield and special situation equities. At its inception Murray Capital managed approximately $50 million from historical client relationships, and peak assets grew to approximately $750 million. Clients included Fortune 500 pension funds, university endowments, private foundations, family offices, fund of funds and high net worth individuals. Murray Capital Management was founded as an SEC Registered Investment Advisor, and Ms. Murray served as President and Portfolio Manager. As President, she managed a team of individuals across all functions, including research, trading, compliance, legal and back office; in her role as Portfolio Manager she developed and oversaw a highly disciplined and standardized analytical approach to identify and value investment opportunities, a methodology that considered not only traditional financial analysis but also market, legal and behavioral considerations.
In April 2008 the distressed debt business of Murray Capital was acquired by Babson Capital in its entirety and the Murray Capital team became Babson’s distressed debt investing group headed by Ms. Murray.
In 2009 Ms. Murray retired from portfolio management and co-founded Murray & Burnaman, a financial advisory and litigation suport firm, where she has been active in financial restructuring, consulting work for credit-focused investment management firms, and litigation support regarding to bankruptcy and hedge-fund related issues.Over the course of her career Ms. Murray has consistently been a strong advocate for creditor and shareholder rights and has an outstanding record of success both in and out of the courtroom. She has served on Official Creditors’ Committees in bankruptcies, organized, led and served on numerous ad-hoc bondholder committees and, as an individual or part of a group, managed a number of complex, high profile litigations. She believes it is important to combine investing, financial and business acumen with legal expertise in devising successful litigation strategies. As a result of her years of experience, Ms. Murray has extensive contacts in the investment, legal and restructuring advisory communities.
Ms. Murray has been a guest lecturer and has taught as an Adjunct Professor at the NYU Stern School of Business since 2001. She has taught courses on equity analysis and valuation and has co-taught the Bankruptcy and Distressed Debt investing course with Professor Edward Altman, who holds the Max L. Heine Chair in Finance. Ms. Murray was the recipient of the Teacher of the Year Prize at the Stern School of Business and also received an Excellence in Teaching award. She has also been a frequent speaker at investor conferences worldwide on the topics of distressed debt and activist investing. Ms. Murray was a contributing author to the first edition of “Managing Hedge Fund Risk: From the Practitioner’s Perspective,” Edited by Virginia Reynolds Parker and published in 2001. She has previously served on the Board of Directors (including the audit and compensation committees) for California Coastal Communities, which was a publicly-traded homebuilder in Southern California. She has also previously served on the boards of the Kent Place School in Summit, New Jersey and Asphalt Green in New York City. Ms. Murray holds a B.A. in World Affairs and Chinese from Colgate University and an M.B.A. in Finance from NYU’s Leonard N. Stern School of Business.
She lives in New York City and has two daughters.