W.R. Huff Asset Management Co., L.L.C. is an employee owned investment manager. The firm provides its services to individuals, including high net worth individuals; pension and profit sharing plans; endowments and foundations; and state and municipal government entities. It manages fixed income portfolios for its clients and invests in fixed income markets across the globe. It typically invests in corporate high yield bonds and non-investment grade debt securities. The firm employs a fundamental, quantitative, and relative value analysis to make its investments.  The firm conducts in-house research before making investment decisions. It typically invests in companies in healthcare and life sciences, chemicals, telecommunications, environmental, information and data service providers, defense technology, paper, natural resources, packaging, media, food and retailing, and energy sectors. W.R. Huff Asset Management Co. was founded in 1984 and is based in Stuart, Florida and has an office in Morristown, New Jersey.


 

Huff Energy Fund, L.P. v. Longview Energy Co. 04-12-00630-CV

REVERSED AND RENDERED  -   Because I believe Longview has failed to present even a scintilla of evidence of a business opportunity as defined by Delaware law, I would also sustain appellants legal sufficiency challenge with regard to jury question one. See Regal Fin. Co., Ltd. v. Tex Star Motors, Inc., 355 S.W.3d 595, 603 (Tex. 2010). I contend reasonable and fair minded people could not find Longview had an interest or reasonable expectancy in an opportunity because Longview did not produce even a scintilla of evidence that a cognizable business opportunity existed. 

Based on the foregoing, I agree we must reverse the jury's finding that Huff and D'Angelo "fail[ed] to comply with [their] fiduciary duty [of loyalty] to Longview Energy Company by taking a corporate opportunity."

-Sandee Bryan Marion, Chief Justice (Tex.App. Dist.4 11/25/2015)

 

Don't Mess With Bill

Why dealmakers and target companies hate money manager William Huff.

Time Warner and Comcast had to pay a bit more than they wanted for the disgraced Adelphia Communications Corp. The final price tag for the nation’s number five cable operator was $17.6 billion–perhaps $1 billion or more than it might have cost the buyers had it not been for a certain troublemaker named William Huff. Huff buys the debt of distressed companies, and he had a crucial slice of Adelphia’s.

“In this stupid world of ‘Let’s make a deal,’ I say ‘No,’” explains Huff, 55, principal and president of W.R. Huff Asset Management in Morristown, N.J., which invests $17 billion on behalf of pension funds and other institutions.

What allows Huff to say no is his ability to quietly acquire a sizable chunk of junk bonds and other securities of sickly companies–unlike equities, there is no requirement to report these holdings–then push for his own terms.

….   Don't Mess With Bill - Forbes 2005

 

Quiet Cable Guy

Bill Huff is a force in the industry - and may be key to Adelphia's future

Nobody likes to talk much on the record about Bill Huff, least of all Bill Huff. The 54-year-old bond hedge-fund manager is almost obsessive about his privacy, declining for years to talk to the press and choosing to work far from the rumor mills of Wall Street in Morristown, N.J. But Huff is hardly invisible. High-powered media CEOs such as Time Warner's (TWX ) Richard D. Parsons, Cox Communications' (COX ) James O. Robbins, and Comcast's (CMCSK ) Brian L. Roberts certainly know who he is, especially as they mull a bid for bankrupt cable company Adelphia Communications (ADELQ ).

That's because Huff's W.R. Huff Asset Management Co., one of Adelphia's largest bondholders, has quietly become a feared but respected force in cable. Through his holdings in cable, telecom, hospitals, and other assorted industries, he injects himself into companies' operations, mostly troubled ones, using razor-sharp elbows with executives, banks, and other creditors to maximize his investments. Sometimes he cashes out. Other times he holds on to his stake and puts his representatives on boards. "Bill Huff has emerged as one of the key players in the industry," says Aryeh Bourkoff, a cable analyst for UBS (UBS ). "It is not a good thing to be caught in his crosshairs," says one investment banker. That's why everyone at Adelphia treads lightly around the investor whose company is estimated to have more than $15 billion under management. Any bids that come in for the cable operator's 5.3 million subscribers will surely face intense scrutiny from Huff, whose representative heads Adelphia's unsecured creditors' committee. Time Warner, Cox, and Comcast execs declined to comment on Huff.

…    Quiet Cable Guy - Bill Huff - Forbes 2004

"Some of the highest- returning managers and funds have a less public face“
         -Laurence B Siegel, Kenneth F Kroner and Scott W. Clifford
          Authors of The Journal of Investing's "The Greatest Return Stories Ever Told“