President, Maglan Capital
Maglan Capital is investment fund focused on liquid instruments (debt and equity) of corporations approaching or experiencing bankruptcy, restructuring and other value-unlocking events. Maglan relies on fundamental, bottom-up analysis, and concentrates on situations with short- to medium-term catalysts by investing in secured and unsecured loans and bonds and post-reorganization equity. The principals have a combined 45 years of investing, restructuring and business management skills, and have a track-record of producing superior risk-adjusted returns. Maglan targets 15-20% net returns through all market cycles, with a vigilant concentration on capital preservation. Maglan does not use leverage in its investment strategy and offers generous liquidity terms to its investors.
David D. Tawil is Co-founder of Maglan Capital and serves as Portfolio Manager. Prior to founding Maglan Capital, David was an investment banker with Credit Suisse, where he served as Director of Leveraged Finance and co-managed the fixed-income alternative asset trading business, focusing on sourcing and trading illiquid high-yield and distressed debt. Before joining Credit Suisse, David was an attorney with Davis Polk & Wardwell, specializing in workouts and bankruptcies. He began his legal career as an associate at Skadden, Arps, Slate, Meagher & Flom LLP. David earned a BS degree in Business Management, graduating magna cum laude, from Yeshiva University, and he earned a JD degree from the University of Michigan Law School.