Marc Bistricer has established Murchinson Investment Management in 2012. It is as an investment firm managing global multi-strategy funds focused on distressed debt, special situations, corporate actions, and arbitrage opportunities.
Through his experience restructuring numerous businesses, Marc has been able to profitably enter pharmaceutical, real estate, shipping, and industrial sectors.
Marc co-founded Tin Hat Ventures, a VC/incubator firm that focuses on privacy technologies. He graduated from the Mir Yeshiva with a Bachelor of Talmudic Law degree in Jerusalem, Israel.
Marc Bistricer is The Sole Trustee of The David Bistricer 2013 Trust
This Form 3 is filed jointly by The David Bistricer 2013 Trust and Marc Bistricer, its sole trustee. Mr. Bistricer does not beneficially own any shares of the issuer.
Know all by these presents, that the undersigned's hereby makes, constitutes
and appoints James J. Junewicz as the undersigned's true and lawful
attorney-in-fact, with full power and authority as hereinafter described on
behalf of and in the name, place and stead of the undersigned to:
(1) prepare, execute, acknowledge, deliver and file Forms 3, 4, and 5 (including
any amendments thereto) with respect to the securities of Coleman Cable, Inc., a
Delaware corporation (the "Company"), with the United States Securities and
Exchange Commission, any national securities exchanges and the Company, as
considered necessary or advisable under Section 16(a) of the Securities Exchange
Act of 1934 and the rules and regulations promulgated thereunder, as amended
from time to time (the "Exchange Act");
(2) seek or obtain, as the undersigned's representative and on the undersigned's
behalf, information on transactions in the Company's securities from any third
party, including brokers, employee benefit plan administrators and trustees, and
the undersigned hereby authorizes any such person to release any such
information to the undersigned and approves and ratifies any such release of
(3) perform any and all other acts which in the discretion of such
attorney-in-fact are necessary or desirable for and on behalf of the undersigned
in connection with the foregoing.
The undersigned acknowledges that:
(1) this Power of Attorney authorizes, but does not require, such
attorney-in-fact to act in their discretion on information provided to such
attorney-in-fact without independent verification of such information;
(2) any documents prepared and/or executed by such attorney-in-fact on behalf of
the undersigned pursuant to this Power of Attorney will be in such form and will
contain such information and disclosure as such attorney-in-fact, in his or her
discretion, deems necessary or desirable;
(3) neither the Company nor such attorney-in-fact assumes (i) any liability for
the undersigned's responsibility to comply with the requirement of the Exchange
Act, (ii) any liability of the undersigned for any failure to comply with such
requirements, or (iii) any obligation or liability of the undersigned for profit
disgorgement under Section 16(b) of the Exchange Act; and
(4) this Power of Attorney does not relieve the undersigned from responsibility
for compliance with the undersigned's obligations under the Exchange Act,
including without limitation the reporting requirements under Section 16 of the
The undersigned hereby gives and grants the foregoing attorney-in-fact full
power and authority to do and perform all and every act and thing whatsoever
requisite, necessary or appropriate to be done in and about the foregoing
matters as fully to all intents and purposes as the undersigned might or could
do if present, hereby ratifying all that such attorney-in-fact of, for and on
behalf of the undersigned, shall lawfully do or cause to be done by virtue of
this Limited Power of Attorney.
This Power of Attorney shall remain in full force and effect until revoked by
the undersigned in a signed writing delivered to such attorney-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 21st day of January, 2013.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
Holders of our special voting stock generally are entitled to vote together as a single class with holders of our common stock on all matters on which our common stockholders are entitled to vote as if such holder of our special voting stock had exchanged any Class B LLC units in our predecessor entities held by such holder for shares of our common stock. Holders of shares of our special voting stock also hold an equal number of class B LLC units. As of April 27, 2017, the aggregate number of outstanding shares of common stock and special voting stock was 44,130,151.
Represents 4,278,058 shares of special voting stock held directly. Excludes (i) 318,262 shares of common stock owned by the Moric Bistricer 2012 Family Trust, for which Mr. D. Bistricer is one of two trustees and (ii) 2,772,500 shares of special voting stock owned by the Moric Bistricer Trust of 2014, for which Marc Bistricer, the grandson of Moric Bistricer, is the sole trustee. Moric Bistricer disclaims beneficial ownership of the shares of common stock and special voting stock owned by the Moric Bistricer 2012 Family Trust and the Moric Bistricer Trust of 2014, respectively.
Represents 4,278,058 shares of special voting stock held directly, 318,262 shares of common stock owned by the Moric Bistricer 2012 Family Trust, for which Mr. D. Bistricer is one of two trustees and 333,333 shares of common stock owned by the Moric Bistricer 2016 Family Trust, for which Mr. D. Bistricer is the sole trustee. Excludes 203,705 LTIP units, which will vest in 2018, generally subject to continued employment through the vesting date. Excludes 318,262 shares of common stock owned by the David Bistricer Trust of 2013 and 2,772,500 shares of special voting stock owned by the David Bistricer Trust of 2014. Marc Bistricer, the son of David Bistricer, is the sole trustee of the David Bistricer Trust of 2013 and the David Bistricer Trust of 2014. Excludes 333,333 shares of common stock owned by the David Bistricer Family Trust, of which Ester Bistricer, Mr. D. Bistricer’s spouse, is the sole trustee. Mr. D. Bistricer disclaims beneficial ownership of the shares of common stock and special voting stock owned by the David Bistricer Trust of 2013, the David Bistricer Trust of 2014 and the David Bistricer Family Trust.
Represents (i) 1,204,932 shares of common stock and 4,464,692 shares of special voting stock owned by Trapeze Inc., a Delaware corporation, (ii) 121,482 shares of common stock and 1,362,039 shares of special voting stock owned by Trapeze D Holdings LLC, a Delaware limited liability company, (iii) 126,335 shares of common stock and 1,469,548 shares of special voting stock owned by ECL Holdings LLC, a Delaware limited liability company (iv) 100,000 shares of common stock owned by the Jacob Joseph Bistricer 2017 Trust, for which Mr. Levinson is the sole trustee and (v) 15,742 vested LTIP units, which are convertible into common stock on a one-for-one basis. Sam Levinson has sole voting and investment control over all of the shares held by the entities in (i) through (iii) in the preceding sentence. Excludes 111,112 LTIP units which will vest in 2017 and 2018, generally subject to Mr. Levinson’s continued service as a director. The address for Trapeze Inc., Trapeze D Holdings LLC, ECL Holdings LLC and Sam Levinson is 810 Seventh Avenue, 28th Floor, New York, New York 10019.
Represents 35,000 shares of common stock and 437,667 shares of special voting stock owned by Jacob Schwimmer and 1,750,667 shares of special voting stock owned by the Schwimmer Family Irrevocable Gift Trust 2. Excludes 68,890 LTIP units owned by Jacob Schwimmer, which will vest in 2018, generally subject to continued employment through the vesting date. Jacob Schwimmer is the trustee of the Schwimmer Family Irrevocable Gift Trust 2 and has sole voting and investment control over all of the shares held by this trust.
Marc Bistricer, the sole trustee of the David Bistricer Trust of 2014, has sole voting and investment control over all of the shares held by this trust.
Marc Bistricer, the sole trustee of the Moric Bistricer Trust of 2014, has sole voting and investment control over all of the shares held by this trust.
Based solely on the Schedule 13G filed by Signature Global Asset Management (“Signature”), a business unit of CI Investments Inc., on February 13, 2017. Represents 1,401,311 shares of common stock for which Signature has sole voting and dispositive power. Signature is a company incorporated under the laws of the Province of Ontario, Canada and is an investment manager. The address for Signature is 2 Queen St. East, 18th Floor, Toronto, ON MSC 367.
Murchinson Ltd. Has Disclosed 144 Total Holdings in its Latest SEC Filings
Murchinson Ltd. is a registered investment advisory firm based out of Toronto.
Murchinson primarily operates in the global market and has a multi-strategy approach to trading, drawing on its expert experience across many different fields.
Murchinson’s team of highly skilled professionals are world-class researchers, who work diligently to provide their clients with the best possible results.
“Through a culture that encourages growth and innovation, we’ve achieved significant success in a positive environment,” says Murchinson’s CEO Marc Bistricer.
Murchinson is therefore designed for an open-minded organization where people can collaborate without difficulties. Combined with the deep-rooted experience from past projects and considerable funding available to us, Murchinson has established itself as an efficient company that responds quickly to market demands.
Current Portfolio Value and Top Holdings
Murchinson Ltd. has disclosed 144 total holdings in its latest SEC filings, with the most recent portfolio value calculated to be $1,053,443,000 USD and a top 10 holdings concentration of 81.39%. Murchinson Ltd.’s largest holding is TC Energy Corp with shares held of 4,986,074.
TC Energy Corp. (CA:TRP) , Restaurant Brands International Inc. (US:QSR), Amazon.com, Inc. (US:AMZN), Pfizer Inc. (US:PFE), and, inc. (US:CRM) are among Murchinson Ltd.’s top holdings. Among Murchinson Ltd.’s new positions are TC Energy Corp (CA:TRP), Restaurant Brands International Inc. (US:QSR), Pfizer Inc. (US:PFE),, inc. (US:CRM), and Tesla Motors, Inc. (US:TSLA). “Amusement And Recreation Services” is Murchinson Ltd.’s top industry.
Murchinson fosters a culture of collaboration and innovation, in which the team members share knowledge and ideas.
“We celebrate our accomplishments with hard-working people who succeed through teamwork,” says Marc Bistricer.
At Murchinson diversity is highly valued. They have a diverse team with broad skillsets and knowledge backgrounds that power the company to fulfill its mission around the world.
“As part of this responsibility, we take philanthropic efforts seriously by giving back locally as well as globally from time to time (depending on what is needed),” specifies Marc Bistricer.
“We are committed to hiring only the best employees, and we seek out smart overachievers who want to work in a team,” Marc Bistricer indicates. “We provide intellectually stimulating jobs tailored specifically for our employees’ skills and interests. Our people can be recognized generously because their contributions have an impact on our business culture, and they grow by developing leadership skills or honing their skill sets”.
A Tale of Two Massachusetts Bank Mergers: North Easton Savings Bank and Avidia Bank
Two banks in Massachusetts—North Easton Savings Bank and Mutual Bank—have recently announced that they will be merging in early 2019.
The two banks both maintain 9 locations in different Massachusetts communities. This merger will allow the banks to combine their resources and expand their services. The banks have announced their commitment towards maintaining a culture of growth and success and have dedicated a website, to support clients.
Bank mergers can be complicated and often affect thousands of clients as well as employees.
This was the case when another two Massachusetts banks—Westborough Bank and Hudson Savings Bank—merged in 2007. When their merger was announced in November 2006, the deal seemed straightforward. Hudson parent company Assabet Valley Bancorp would pay $35 per share for Westborough Financial Services Inc. (the mutual holding company for The Westborough Bank), for a total of $20.6 million. The deal eventually went through, and the two banks merged to become Avidia Bank.
But, surprisingly, this deal involved intense negotiations, and did not go to the highest bidder. An offer of $38.50 per share from an unidentified individual was rejected by the bank’s shareholders. Another offer, of $40 per share by Marc Bistricer’s Murchinson, was also turned down.
As these Massachusetts banks demonstrate, bank mergers are complex deals that carry implications for bank personnel, investors, and customers.
Murchinson - An Investment Management Firm
Murchinson was founded in 2012 by Marc Bistricer and is an alternative investment management firm that manages institutional investors' and families' money. We can successfully capture the most profitable opportunities across the world. They utilize a multi-strategy approach to invest at all stages of the market cycle, regardless of the strategy's fluid allocation.
Using their market expertise and a variety of specialized products and sophisticated hedging techniques, the team is able to generate alpha by targeting corporate action, distressed investing, and structured finance situations, which are all risk-averse mandates.
The firm seeks to profit from corporate action, distressed investing, and structured finance by leveraging its experience in the financial markets with various specialized products and sophisticated hedging techniques to produce alpha.
Through a firm-wide culture of growth, innovation, curiosity, and excellence, our success is achieved thanks to a robust team of world-class researchers and industry professionals. Murchinson is agile and rooted in experience to provide efficient market responsiveness and results.