60Andrew Barroway (andrewbarroway)
Joined 4 months ago from Scottsdale, Arizona
Andrew Barroway is a seasoned Hedge Fund Manager and Legal Professional. He is best known for his tenure as the NHL's Arizona Coyotes Hockey Club owner, now operating as the Utah Hockey Club. Currently, he is at the helm of Athens Kallithea FC, a top-tier soccer club in Greece. Barroway's expertise in developing effective investment strategies and his skill in securing capital from high-net-worth individuals, corporations, foundations, and pension funds underscore his prowess in financial management. His strategic focus and adaptability to market dynamics distinguish him in the financial industry.
Barroway's net worth, estimated to be hundreds of millions, reflects his success across multiple entrepreneurial ventures. His financial journey includes purchasing a 51% stake in IceArizona Acquisition Co., LLC for $152.5 million in 2014, taking full ownership in 2017, and acquiring a 90% stake in Athens Kallithea FC in 2021. His adeptness in event-driven hedge fund management—capitalizing on stock mispricings during major corporate events like mergers and acquisitions—has significantly benefited his investment clients.
Born in Philadelphia, PA, and raised in New Jersey, Barroway's educational path led him from Cherry Hill High School East to Rutgers College. He furthered his education at the University of Pennsylvania Law School, earning a Juris Doctor in 1991. He co-founded Schiffrin and Barroway, LLP, a law firm that quickly became a leader in complex class action litigation, gaining a global reputation in shareholder, ERISA, consumer, and antitrust litigation.
Barroway's legal expertise was pivotal in negotiating a landmark $3.2 billion settlement in the Tyco International Inc. securities litigation, solidifying his firm's status as a leader in shareholder litigation best practices. The firm's client roster includes diverse global institutional investors, enhancing its standing in the legal community.
In 2009, Barroway pivoted to hedge fund management, establishing Merion Capital LP, which now manages assets exceeding $1 billion. The firm has pioneered appraisal rights as an investment strategy, adapting to the evolving business and regulatory environments. Operating from Scottsdale, AZ, and New York, NY, the firm focuses on mergers and acquisitions, showcasing Barroway's ability to identify and capitalize on optimal investment opportunities.
Andrew Barroway also delved into sports team ownership by purchasing the Arizona Coyotes Hockey Club in 2014. Despite facing challenges such as financial scrutiny and league regulations, he successfully managed the team's affairs. He continues to lead Athens Kallithea FC, driving significant enhancements and forging strategic partnerships, demonstrating his adeptness in managing complex investments across various sectors.