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As Anniversary of Sandy Hook Shooting Approaches, Cerberus Capital Management Makes Tepid Offer Allowing Investors to Unload Toxic Firearm Investments

As Anniversary of Sandy Hook Shooting Approaches, Cerberus Capital Management Makes Tepid Offer Allowing Investors to Unload Toxic Firearm Investments

[NEW YORK, NY]  A late-Sunday news report has indicated the Cerberus Capital Management LP will allow individual investors the option of divesting from Cerberus’ stake in Freedom Group, the manufacturer of the military-style assault rifle used in the Sandy Hook shooting. Cerberus Capital Management owns a 94% stake in Freedom Group and has had difficulty structuring a deal to sell the tainted arms manufacturer.

Cerberus Capital Management has faced increasing pressure from Sandy Hook victims’ family members and institutional investors who believe Cerberus’ ownership of Freedom Group is irresponsible. Immediately after the Newtown massacre, Cerberus’ CEO, Stephen Feinberg, pledged to divest from the gun manufacturer. Since making that promise, Freedom Group has made large financial contributions to the NRA’s lobbying efforts that have stymied common sense gun-safety laws, such as requiring universal background checks.

In the proposal reported on Sunday, Cerberus would allow fund investors to individually divest from Freedom Group. This move would diminish internal pressure on Cerberus to sell its ownership stake in Freedom Group all the while protecting Cerberus’ financial position in an otherwise toxic company.

“Half measures from Cerberus Capital Management are not enough,” said Jennifer Fiore, executive director of the Campaign to Unload, a national coalition to promote divestment from assault weapons manufacturing.  “As the principal owner of one of the most toxic products in America, Cerberus and its CEO, Steven Feinberg, have an ethical responsibility to unequivocally divest from Freedom Group.”

In response to Sunday’s news reports, Campaign to Unload coalition partners openly questioned Cerberus’ intentions by examining their past behavior.

“Cerberus could have been a role model for what it means to be a responsible investor,” said Aaron Black, a founder of the campaign. “They could have led the gun industry in implementing safer gun technologies like bio-recognition trigger locks. They could have promoted responsible gun ownership by mandating universal background checks. But they didn’t. Instead, after their product killed 20 school kids and six educators, they helped finance the NRA’s campaign against common sense gun laws and did everything they could to protect their own financial position.”

The Campaign to Unload has recently intensified its organizing drive as the Newtown anniversary approaches and mailed Cerberus an open letter signed by 50 prominent community leaders calling on the private equity firm to follow through on its promise to divest and is held a vigil with NYC faith leaders and victims of gun violence outside of Cerberus headquarters at 10 a.m. this morning.

The Campaign to Unload is comprised of more than 30 advocacy organizations, which represent more than 20 million Americans from all walks of life. Their shared goal is to promote the divestment of military-style assault weapons from institutional investors.

Newtown Families Demand Cerberus Capital Management End Investment in Freedom Group Gun Manufacturer

Newtown Families Demand Cerberus Capital Management End Investment in Freedom Group Gun Manufacturer

[NEW YORK, NY]  Families of Sandy Hook victims, U.S. Rep. Charles Rangel (D-NY-13), Geoffrey Eaton, NAACP Mid-Manhattan President, and a diverse coalition of gun violence prevention advocates held a press conference and action at 12pm today, outside the offices of Cerberus Capital Management (875 3rd Avenue, New York) to call on the hedge fund to immediately sell all investments in Freedom Group, the company that manufactured the XM-15 assault rifle used in the December 14, 2012 massacre at Sandy Hook Elementary School.

Cerberus has not sold a single penny of its 94 percent stake in Freedom Group (now officially called Remington Outdoor Company Inc.), despite making a public commitment to divest in the days immediately following the shooting. Immediately following this afternoon’s press conference, Rangel, Eaton, and more than 35 advocacy groups will deliver a letter telling Cerberus CEO Stephen Feinberg to keep his promise without further delay.

“Cerberus already made a commitment to stop profiting from America’s gun violence epidemic,” said NYC Public Advocate Bill de Blasio. “What they haven’t done is followed through. Cerberus needs to honor its promise to the victims of Sandy Hook and to all Americans whose lives have been turned upside down by gun violence by ending its investment in this destructive industry.”

“I’m here today to try to remind Cerberus the promise they made and that they’re letting my son Jesse down,” Neil Heslin, father of slain first grader Jesse Lewis, said. “There was a promise made then by Cerberus to sell their interest in Bushmaster.”

Families of the victims at Sandy Hook Elementary were on hand to join the call for Cerberus to divest. Other groups who signed the letter included the office of New York City Public Advocate Bill de Blasio, the American Federation of Teachers, Ceasefire New Jersey, Americans United for Change, Moms Demand Action, MoveOn.org, Newtown Action Alliance, Million Hoodies Movement For Justice, New Yorkers Against Gun Violence, and about 30 other organizations.

In the weeks following the Sandy Hook shooting, de Blasio joined elected officials and activists across the country to launch the Campaign to Unload, urging hedge funds and money managers to divest from the manufacturers of assault weapons and high-capacity ammo magazines. Within weeks, eight hedge funds and money managers had completely divested their gun holdings, valued at $150 million. Fourteen more firms have scaled back their gun investments by 5.7 million shares — 25 percent of their holdings.

Firms that sold their positions include »
• AGF Investments Inc.
• Tiger Global Management
• Impala Asset Management
• Owl Creek Asset Management
• Valinor Management, LLC
• Citadel Investment Group
• Highside Capital Management
• Coghill Capital Management
• Route One Investment Co.
• Royce & Associates

Freedom Group manufactures the Bushmaster XM-15, the assault rifle with a 30-round magazine used by Adam Lanza to murder 20 elementary school children and six educators. It is the leader in marketing high-capacity, military style assault weapons. Moreover, Freedom Group helps bankroll the National Rifle Association’s campaign to stop any meaningful federal legislation to prevent gun violence. At the NRA’s annual meeting in May, Freedom Group was honored for giving the organization a million dollars or more. The firearms industry as a whole has donated between $19.3 million and $60.2 million to the NRA since 2005, as detailed in the new Violence Policy Center (VPC) report Blood Money II: How Gun Industry Dollars Fund the NRA.

“It is outrageous that Cerberus has not fulfilled its commitment to sell its holdings in gun manufacturers. Every day in the last nine months since Cerberus made its promise, every 30 minutes a child has been killed by a gun. With the human toll of gun-related violence this high, a commitment to do something about it should mean more than words,” said American Federation of Teachers President Randi Weingarten.

“Inexcusably, Cerberus continues to bankroll the company that made the assault weapon used in one of the worst mass shootings in American history,” said Josh Sugarmann, Executive Director of the Violence Policy Center. “Freedom Group then pays the NRA a million dollars, and the NRA lobbies Congress to keep these deadly assault rifles on our streets. There is an easy way for Cerberus to break this cycle: Keep their promise and end its investments in Freedom Group.”

“The gun industry epitomizes corporate irresponsibility by failing to exercise a duty of care for its deadly products, by refusing to modify its products to protect consumer health and safety, and by lavishly funding the NRA to obstruct federal gun safety legislation. It’s one big bad rotten apple,” said Leah Barrett, Executive Director of New Yorkers Against Gun Violence.

“Each time a senseless act of violence and tragic loss of life occurs, disingenuous individuals and organizations come forth with proclamations of action and change,” said Shannon Watts, founder of Moms Demand Action. “But when the time comes to for action, they do nothing. It is utter cowardice and it must stop. We will not stand for empty promises any longer – America deserves better.”

“Did Cerberus really think we would forget about its promise to divest its interest in the Freedom Group, the maker of the weapon used at our school?,” asked Monte Frank, a board member of the Newtown Action Alliance. “We haven’t and we intend to hold Cerberus to its word.”

The event at Cerberus Capital Management was organized by the Campaign to Unload, a national coalition of more than 30 organizations which represent more than 20 million Americans. The coalition’s members include: New York City Public Advocate Bill de Blasio, American Federation of Teachers, Newtown Action Alliance, MoveOn.org, Mom’s Demand Action, CREDO Action, Rebuild the Dream, Violence Policy Center, New Yorkers Against Gun Violence, Every Child Matters, GunFreeKids.org, Art Not War, New Mexicans for Gun Safety, Ohio Coalition Against Gun Violence, States United to Prevent Gun Violence, Protect Minnesota, Women Against Gun Violence, Wisconsin Anti-Violence Effort Educational Fund, New Mexicans for Gun Safety, Ceasefire New Jersey, Grandmothers Against Gun Violence, Reston-Herndon Alliance to End Gun Violence, Bergen County Coalition to Prevent Gun Violence, Sisters United, Sparrow Media, It Can Happen Here, Colorado Ceasefire Capitol Fund, Illinois Council Against Handgun Violence, Iowans for Gun Safety, North Carolinians Against Gun Violence, GunSense Vermont, Brooklyn For Peace, Million Hoodies Movement For Justice, Heeding God’s Call, and Harlem Mothers Save.

To learn more, visit the coalition’s website at http://unloadtheguns.com

 

Standing on Shaky Ground: Activists Pressure Hedge Funds to Purge Gun Stocks

Standing on Shaky Ground: Activists Pressure Hedge Funds to Purge Gun Stocks

[New York, NY]  On March 18th, 2013 The Sparrow Project published a detailed and scathing report naming and shaming two hedge funds, Owl Creek Asset Management and Impala Asset Management, for purchasing large volumes of gun stocks immediately following the December 14, 2012 massacre at Sandy Hook Elementary School.  Murmurations on Wall Street and Owl Creek’s and Impala’s own 4Q filings to the SEC [HERE & HERE] indicated that both companies sought to capitalize off of the Nation’s grief and subsequent fears of new gun regulations in the wake of the massacre.  Today The Sparrow Project is pleased to announce that only days after publishing our March 18th report and call to action, Owl Creek Asset Management and Impala Asset Management sold all of their gun holdings [1Q 2013, HERE & HERE].  The two companies holdings were valued at over $40 million dollars.

While it is important to acknowledge that gun industries will continue to operate so long as there is a demand for their product, it is also important to realize that major institutional investors like Owl Creek and Impala provide the gun companies they invest in the cash on hand they need to refill shelves, (shelves being rushed by the artificial demand of American buyers fearful that they will lose their ability to buy an assault rifle). Institutional investments like these allow the manufacturers to continue to grow exponentially and practices like “activist investing” by hedge funds can help to further stoke the already synthetic demand.

“Owl Creek and Impala represent some of capitalism’s ugliest actors,” said Andy Stepanian, co-founder of The Sparrow Project. “At no point was this effort a snub at our second amendment privileges, quite the contrary, it was about rooting out parasites like Owl Creek and Impala who saw 20 dead school children in Connecticut as an opportunity for profit and holding those bastards accountable.”

» Impala Asset Management

§ Sold 346,252 shares of Smith & Wesson (SWHC) & 547,686 shares of Sturm Ruger (RGR), valued at over $27 million

» Owl Creek Asset Management

§ Sold 1,616,300 shares of Smith & Wesson (SWHC), valued at over $13 million

This sale, however, is just the tip of the iceberg. Owl Creek Asset Management and Impala Asset management have been joined by 6 other hedge funds who, too, have sold all of their gun holdings during the 1st Quarter of 2013. The six firms, AFG Investments Inc., Tiger Global Management, Valinor Management, LLC, Citadel Investment Group, Highside Capital Management, and Coghill Capital Management shed all of their stake in Sturm Ruger and bullet manufacturer Olin Corp. The sum of these sales was valued at around $117 million.

» AGF Investments Inc.

§ Sold 956,250 shares of Sturm Ruger stock (RGR) , valued at over $43 million

» Tiger Global Management

§ Sold 800,000 shares of Sturm Ruger stock (RGR) , valued at over $36 million

» Valinor Management, LLC

§ Sold 270,179 shares of Sturm Ruger stock (RGR) , valued at $12 million

» Citadel Investment Group

§ Sold 98,617 shares of Sturm Ruger (RGR) & 137,097 of Olin Corp (OLN), valued at over $11 million

» Highside Capital Management

§ Sold 251,807 shares of Sturm Ruger stock (RGR) , valued at over $11 million

» Coghill Capital Management

§ Sold 86,000 shares of Sturm Ruger stock (RGR), valued at $4 million

New York City Public Advocate and Mayoral candidate Bill de Blasio has led the charge against some of Wall Street’s most parasitic actors in the wake of the Sandy Hook massacre through his “Wall Street for Change” campaign targeting money managers and hedge funds with ties to gun manufacturers.

“We weren’t going to let business-as-usual stand after Newtown. We put investors who were quietly propping up the gun lobby on notice, and we’ve proven that public pressure can be a game-changer,” said de Blasio. “This is by no means over. The NRA used its money and political influence to distort the debate in Washington. We need to break its stranglehold on the legislative process by continuing to bring pressure on its biggest financial backers.”

In addition to the 8 hedge funds mentioned above, de Blasio’s efforts have led 14 other firms to significantly reduce their gun holdings. A complete listing is available at the campaign website WallStreetforChange.com

Stepanian provided a peek into where this style of campaigning may go next, “from the parameters set upon weapons themselves, to designer statutes like Florida’s ‘Shoot First’ law that emboldened Trayvon Martin’s killer, by tracking the financial and logistical pillars of support we can begin to undermine the influence of once steadfast corporations and lawmakers. It would be nice to see the American Legislative Exchange Council, authors of the ‘Stand Your Ground‘ model legislation, left with a shaky footing because of tactics like these.”

Meet the Hedge Fund Managers Turning a Profit on the Sandy Hook Massacre

Meet the Hedge Fund Managers Turning a Profit on the Sandy Hook Massacre

[New York, NY] It has been argued that capitalism, if given the opportunity, would devour its own legs and collapse upon itself.  Putting all hyperbole aside, what would you do if you learned that a US company was actively monitoring national tragedies like the shooting at Sandy Hook Elementary School, only to develop reflexive investment strategies designed directly to capitalize off the pain, suffering and hysteria, in the wake of those events?  Would you be in disbelief of such wanton disregard for life? Would you chalk it up to business as usual, for Wall Street’s most parasitic actors? Or, would you take action to stop it?

Enter, Stage Left — Two of the Worst People in the World…

While some of the nation’s largest hedge funds and money managers have paused in the wake of Sandy Hook to review their portfolios for exposure to gun stocks, and in some cases begin the process of selling off their gun assets, two hedge funds have done just the opposite. Jeffrey Altman, Founder and Portfolio Manager for Owl Creek Asset Management, and Robert Bishop, of Impala Asset Management, each seized an opportunity in the days following the Sandy Hook Shooting, to purchase millions of shares in gun stocks (1,616,300 shares [valued at $13,642,000] and 893,938 shares [valued at $27,787,000], respectively). Notice of Altman’s and Bishop’s purchases only became available when they disclosed their fund’s 4th Quarter 2012 holdings to the SEC, in February [HERE, and HERE]. Altman’s and Bishop’s intentions, as deduced by peers in asset management, are to turn the fears and murmurations of new gun regulations into profits, as a newly fabricated demand for firearms like the Bushmaster .223 Caliber Assault Rifle, the AR-15 and the Ruger Mini-14—each potentially at risk of regulations—outpaces their supply on shelves at retailers.

Jeffrey Altman: Chronically Single, Economically Depraved…

Jeffrey-Altman_Owl-CreekDepicted by his Bridgehampton neighbors as a man who is “chronically single” and meticulously decorates the walls of his 7.9 million-dollar Ambleside Lane home with “series of Warhol-esque prints of semi-nude women,” Jeffrey Altman is not just the ‘Fox of Finance’ flirtatiously depicted in his 2010 New York Magazine profile, he is also a deeply cynical person known for making morally bankrupt decisions for profit.  Altman began his career in 1985 as an assistant to Michael Price at Heine Securities. It was at Heine that Jeffery made a name for himself by profiting off of distressed assets. In 2001, just as he was about to make the transition to managing his own fund (Owl Creek), Jeffrey commented in a Forbes Magazine roundup titled ‘Let us Prey’ wherein he gave advice to fellow “vulture” capitalists…

“Even the smaller-time vultures, with $50 million to $100 million under management, have to focus on a smaller number of opportunities” — Jeffrey Altman

The fact that Altman uses the term “vulture” when referring to his peers should be telling in itself, but it is how he sees “opportunities” that is the most noxious. When most of the nation was drowning in grief in the days that followed the Sandy Hook shooting, Altman saw an “opportunity” to profit off the murder of the 6 Sandy Hook faculty and 20 elementary school children.

On Friday December 14th, 2012, at approximately 9:32am, just two minutes after the opening bell at the New York Stock Exchange, Adam Lanza exited his black Honda Accord outside of Sandy Hook Elementary School. Before entering he shoots out the school’s glass double-door entrance. As Lanza begins shooting children inside, 77 miles away on Wall Street, brokers are buying and selling shares of the Smith and Wesson Holding Company (SWHC) for $9.54 a share. By days end 28 people would die, including Lanza and his mother, and shares of SWHC would see a decrease to $9.13 per-share.

It would not be until after the weekend that SWHC would take their biggest hit.

During the weekend of December 15th, 2012 every media outlet was saturated with coverage of the massacre. By Monday morning many investors will express a crisis of conscience in owning shares of SWHC, the manufacturer of the AR-15 Assault Rifle (Lanza’s Bushmaster Rifle was modeled after the AR-15). By Tuesday, December 18th, 2012, SWHC would fall to a 6-month low of $7.79 per-share. This is where Jeffery Altman seizes his “opportunity.”

Altman’s process is to purchase equity in a distressed company if he feels its listing is undervalued or if he feels he can advocate for the companies listing to reach a higher value. Applying this process, Altman, on-or-around Tuesday December 18th, paid approximately $12,590,977 to acquire 1,616,300 shares of SWHC, the supposition being that it was only a matter of time until the national debate over gun control—reinvigorated by the tragedy at Sandy Hook— would trigger an avalanche of gun sales, specifically at-risk guns like SWHC’s AR-15. In practice, Altman’s morally bankrupt process has already turned a profit. Should Altman decide to sell his stake today, he could receive approximately $14,886,123, which would pay out an approximate profit of $2,295,146. The fact that Altman has not already sold his shares should indicate that he believes that SWHC will continue to appreciate in value, regardless of any investors jumping ship after Sandy Hook.

The Wolf in the ‘Riding Hood’ Stories…

On the evening of December 14th, 2012, while Sandy Hook Elementary School is cordoned off with yellow tape, 30 miles away in New Canaan, Connecticut, an exhibit at the town’s historical society, titled “Seeing Red” celebrates a piece of predatory folklore. The exhibit provides a historical overview of the many versions of the “Little Red Riding Hood” story, with gleeful emphasis on the older, lesser-told versions of the story wherein Little Red and her grandmother suffer a far more gruesome fate, each being ravaged by the wolf. The primary sponsor of the exhibit is Robert Bishop, a New Canaan resident and portfolio manager of Impala Asset Management (pictured holding an anthology of ‘Little Red Riding Hood’ below).

Robert Bishop belongs to the same predatory class of investors as Jeffrey Altman. Like Altman, on-or-around Tuesday, December 18th, 2012 Bishop pounced on an opportunity to purchase 346,252 shares of the Smith & Wesson Holding Company (SWHC) and 547,686 shares in Sturm Ruger & Co (RGR) [valued at $2,922,000 and $24,865,000, respectively]. Sturm Ruger, manufacturer of the Mini-14 semi-automatic rifle used by Anders Breivik in the 2011 youth camp massacre on Norway’s Utøya Island that killed 69 people and injured 110, also hit a 6-month low price of $40.60 per-share on December 18th, 2012 and has seen a steady increase in value thereafter. In the wake of the Norway massacre and the theatre shooting in Aurora Colorado the AR-15 and Ruger Mini-14 have been stigmatized as weapons of choice for deranged mass murderers. The fact that anyone—let alone someone who lives a short distance from Sandy Hook Elementary School—would seek to purchase positions in these manufacturers and hedge their bets on a future inflated value, means that they have to be able to either turn a blind eye to the horrific realities tied to those stocks, or that they are literally Wall Street’s own manifestations of the predatory monsters depicted in fairy tales. Any psychologist would have a field day attempting to analyze why a predatory investor like Bishop has such an affinity for a tale of a wolf brutalizing a young girl.

“Activist” Investing?

The term “activist investing” is used in Bishop’s and Altman’s “vulture” community, largely when referring to instances when a hedge fund like Owl Creek purchases a large portion of a company’s equity in an attempt to manipulate the boardroom workings of that company (install a board member, replace management, etc) but there is also a less talked about, media-related, element to hedge fund advocacy. In order to navigate tricky insider trading laws, hedge funds use a “heard it from a friend” style when scooping stock picks to the financial blogosphere. While Altman seldom responds to media requests, he does not think twice about scooping financial bloggers about a company he wants to send droves of investors to. In the example of SWHC, the scoop was picked up by Brian Nelson’s online financial analysis service, Valuentum, who on March 6, 2013, published a syndicated online report on SWHC’s momentum titled ‘Smith & Wesson Rides the Gun Boom’ the following is an except from Valuentum’s report…

“Gun manufacturer Smith & Wesson (SWHC) announced fantastic third quarter results, as demand outpaced supply. Revenue increased 39% year-over-year to $136 million, handily exceeding expectations. Earnings, adjusted to reflect continuing operations, more than tripled year-over-year to $0.26 per share, exceeding consensus estimates.

We’re not surprised by the results, as other firms like Cabela’s (CAB) and Big 5 (BGFV) reported that gun sales have surged in the wake of the Sandy Hook tragedy and fears of new gun regulations. The trend looks durable at this point, and with the general lack of compromise in Congress, we think it could take awhile for any new national gun legislation to surface.”

Republicans Secretly Cheering for Gun Control?

We should be careful not to conflate Altman’s and Bishop’s intentions with the heated and largely partisan debate surrounding our nation’s abusive relationship with the gun industry. A review of the FEC’s records of 2012 political contributions shows that most of the principals of the 20 hedge funds that hold significant gun investments also contribute large sums of money to Republican candidates, but the fact that they identify as Republican does not, in all cases, spell blind allegiance to the gun industry.

Cerberus Capital Management, owner of the single largest portfolio of gun company assets and whose predominantly Republican board includes former Vice President Dan Quayle, made a statement to the press, four days after the Sandy Hook shooting, that they would begin the process of selling their 94% stake in “The Freedom Group,” a gun manufacturer portfolio valued at ~$700-957 million, which includes nearly the entire private equity of Bushmaster Arms (manufacturer of the .223 caliber assault rifle used by Sandy Hook shooter, Adam Lanza). Similarly, Tiger Global Management, CEO Chase Coleman, named the “hottest money manager on the planet” by Forbes Magazine, and a significant contributor to the GOP, showed no hesitance in quickly (albeit quietly) selling all of his 800,000 shares in Sturm, Ruger following Sandy Hook.

Similarly, both Jeffrey Altman and Robert Bishop donated significant amounts of money to Republican candidates in 2012, but unlike Cerberus Capital and Tiger Global, Altman and Bishop are both buying in when the largest players are bowing out, and a key ingredient in their profit making formula IS gun control (or at least a perceived threat in the marketplace of future gun regulations). Both Altman and Bishop need the looming specter of gun control to provide the momentum needed to watch their positions in SWHC and RGR steadily climb. Even more telling is the indication in Valuentum’s report that due to the dysfunction of congress, any regulations may take some time to manifest, and until then the price will steadily climb, unless someone steps in to do something about it…

Holding the Monsters Accountable…

As you read this Jeffrey Altman and Robert Bishop will have already made millions of dollars in profits from Sandy Hook. They are only able to do this because they are accustomed to having no one hold them accountable for their economic depravity. Utah Phillips, a celebrated singer-songwriter and environmental advocate once said, “the earth is not dying, it’s being killed, and those who are killing it have names and addresses.” Indeed Phillip’s words seem all too appropriate when applied to the case of these two hedge fund managers who have decided to turn a profit off of Sandy Hook. Altman and Bishop are proof positive that monsters are real …and they summer in the Hamptons.

These men should be viewed as no less a threat to our communities than sex offenders, and should be ostracized by their colleagues and neighbors no differently than sex offenders.

Compiled below is a list of contact information for Owl Creek, Impala, Jeffrey Altman and Robert Bishop, as well as ways you can contact their colleagues to politely inform them about Altman’s and Bishop’s efforts to turn Sandy Hook into a profit.

We demand nothing short of a complete sale of their positions in SWHC & RGR with any profits made from their sales donated to the families of Sandy Hook victims.

sparrow donate

OWL CREEK ASSET MANAGEMENT»

(please make polite phone calls, and do not say anything that can be misconstrued as threatening, no matter how angry you are, also, please only call each number once)

Owl Creek Asset Management
640 Fifth Avenue, 20th Floor
New York, NY 10019
Phone: 212-688-2550

(please phone them and ask them to sell their position in the Smith & Wesson Holding Company [SWHC])

Jeffery Altman
Portfolio Manager, Owl Creek
205 East 22nd Street, 2M
New York, NY 10010-4622

(please consider making a polite phone call to Jeffrey’s neighbors at The Gramercy Park Habitat to let them know that he is turning Sandy Hook into a profit. For a complete listing of tenants in his building click HERE)

Jeffrey Altman
Portfolio Manager, Owl Creek
19 Ambleside Lane
Bridgehampton, NY 11932

(please consider making a polite phone call to Jeffrey’s neighbors on Ambleside Lane to let them know that he is turning Sandy Hook into a profit. For a complete list of his neighbors click HERE)

Daniel Sapadin
Chief Operations Officer, Owl Creek
400 E 89th St, #15K
New York, NY 10128
Home Phone: 212-987-2825

Use LinkedIn?
If so, you can send Jeffrey Altman an InMail HERE, Also consider sending InMail to all of the other employees of Owl Creek HERE to let them know that their boss, Jeffrey Altman, is turning a profit on the Sandy Hook massacre.

IMPALA ASSET MANAGEMENT»

(please make polite phone calls, and do not say anything that can be misconstrued as threatening, no matter how angry you are, also, please only call each number once)

Impala Asset Management
Headquarters
134 Main Street,
New Canaan, CT 06840
Phone: 203-972-4100
Fax: 203-972-4101

(please phone them and ask them to sell their positions in the Smith & Wesson Holding Company [SWHC] and Sturm Ruger [RGR])

Impala Asset Management
Manhattan Office
100 Park Avenue
New York, NY 10017
Phone: 212-625-1000

(please phone them and ask them to sell their positions in the Smith & Wesson Holding Company [SWHC] and Sturm Ruger [RGR])

Robert Bishop
Managing Principal, Impala
628 West Road
New Canaan, CT 06840
Home Phone: 203-966-1129

(please phone Robert and ask him to sell his positions in the Smith & Wesson Holding Company [SWHC] and Sturm Ruger [RGR])

The New Canaan Historical Society
nchistory.org
email: newcanaan.historical(at)gmail.com
Phone: 203-966-1776

(Please send a polite note letting them know that their sponsor, Robert Bishop has attempted to turn Sandy Hook into a profit, and ask that they talk some sense into him.)