JPMorgan Alums’ Hedge Fund Advised Altice on Asset-Shifting Deal

Billionaire Patrick Drahi and the management team of Altice International turned to an unusual adviser to obtain new financing after shifting most of its assets out of creditors’ reach: a...

By Jamie Nimmo, Daniele Lepido, Giulia Morpurgo · Bloomberg Markets

Billionaire Patrick Drahi and the management team of Altice International turned to an unusual adviser to obtain new financing after shifting most of its assets out of creditors’ reach: a hedge fund founded by former JPMorgan Chase & Co. bankers.