In this episode of Inside The Rope, David Clark interviews Cal O'Brien, a Managing Director at Anchorage Capital Partners, an Australian-based investment firm that manages over AUD 5 billion in assets. O'Brien discusses his background in finance and how he got started in the industry. He also shares insights into Anchorage Capital's investment approach, which involves taking a research-driven, long-term perspective on special situation opportunities. O'Brien notes that Anchorage Capital focuses on investments that are underpinned by a strong fundamental thesis and offers asymmetric risk-reward profiles.

During the interview, Cal also discusses the impact of the COVID-19 pandemic on markets and how Anchorage Capital has navigated the volatile market conditions. He notes that while there have been challenges, there have also been opportunities to invest in distressed assets at attractive valuations.

Cal O'Brien is a Partner at Anchorage Capital Partners, an Australian-based investment manager. He has over 15 years of experience in credit and special situations investing across the globe. Cal holds a Bachelor of Commerce and a Bachelor of Laws from the University of New South Wales and is a member of the Institute of Chartered Accountants in Australia and New Zealand.