Jay bloom wikipedia

Jay Bloom born or [1] is an American investor, real estate developer, and entrepreneur based in Las Vegas, Nevada. He was raised Jewish.

Jay R. Prior to Trimaran, Mr. In addition, Mr. Bloom was a co-founder of the Argosy Group, L. Argosy was acquired by CIBC in Prior to Argosy, Mr.

Jay bloom wikipedia

Trimaran's predecessors were early investors in telecom and Internet businesses, most notably backing Global Crossing in Trimaran also led the first leveraged buyout of an integrated electric utility. The firm is named for the trimaran , a multi-hulled boat consisting of a main hull and two smaller outrigger hulls. The firm's principals had used nautical terms to describe their predecessor entities including argosy , a merchant ship, or a fleet of such ships and caravelle , a small, highly maneuverable, two- or three-masted ship. The firm traces its roots back to the creation of the CIBC Argosy Merchant funds, a series of merchant banking investment funds managed on behalf of CIBC , and before that to the founding of the boutique investment banking firm The Argosy Group. The Argosy Group was a New York-based boutique investment bank founded in February , and is Trimaran's earliest predecessor. Founded as a 9-person advisory firm by Bloom, Heyer, and Kehler, [4] Argosy was one of several private equities and investment banking firms to spring up in the wake of the collapse of Drexel Burnham Lambert. The Argosy team had been involved in many of the most prominent high yield financings of the preceding two decades, for companies including RJR Nabisco , Beatrice Foods , and Storer Communications. The Argosy Group focused on debt underwriting, private placements, sales and trading, proprietary special situation investing, and restructuring advisory assignments for highly leveraged companies. Argosy created a niche raising high yield debt. Prior to that point, CIBC had never done a junk bond deal. Argosy's three major principals had worked on some of the biggest junk bond deals of the s while at Drexel Burnham Lambert. CIBC's High Yield Group began to develop a reputation for financing complex leveraged buyout transactions and worked closely with several of the leading private equity firms. Ultimately, as Vice Chairmen of the bank and co-heads of Leveraged Finance, the three Argosy founders had responsibilities for leveraged loan and high-yield sales, trading and research, debt private placements, restructuring advisory and financial sponsor coverage.

He is chairman of First LLC, which buys and forecloses on home owners association liens.

Additionally, the headline on this story has been changed. That type of bankruptcy allows for corporate reorganization. I anticipate that this will be resolved. There are no records for , , or as required, nor recent tax returns. Meanwhile, on Sept.

Jay Bloom and his son turned down an invitation to join the doomed submarine expedition after expressing safety concerns to OceanGate co-founder Stockton Rush. Jay Bloom, a Las Vegas investor and real estate developer, revealed that he and his son Sean gave up their seats on the Titan submersible that imploded in the Atlantic Ocean during a trip to view the wreck of the Titanic , killing five people on board. They declined due to scheduling conflicts and safety concerns. He continued, "Stockton Rush has been trying to get me to go for a year now. I last saw him at Luxor when we went through the Titanic Exhibition together. I spoke with him a couple of weeks ago and he told me they had an opening on this dive. It was revealed on Thursday that Rush — along with British billionaire Hamish Harding, French Titanic expert Paul-Henri Nargeolet, and Pakistani businessman Shahzada Dawood and his year-old son Suleman — died when the submersible imploded 1, feet from the Titanic wreckage. In another post shared by Bloom on Thursday evening , along with screenshots of text messages between himself and Rush, the OceanGate co-founder assured him that the voyage was "safer than flying in a helicopter or even scuba diving. When Bloom expressed safety concerns, he says Rush replied, "There hasn't been even an injury in 35 years in a non-military subs.

Jay bloom wikipedia

Sean Bloom, 20, told his financier dad Jay Bloom there were too many red flags about the sub's ability to withstand the 'Titanic'-bound excursion, prompting the pair to back out of the trip. He and his friend Simon — who was also concerned about the safety of the Titan — began looking much harder at the actual submersible they would be in for the almost three-mile dive into the icy ocean off the coast of Newfoundland. Something was telling me this was not the move. They toured the Titanic exhibition at the Luxor Hotel and later talked about the expedition and the safety issues. It's safer than scuba diving. But he didn't want to hear anything that conflicted with his world view, and he would just dismiss it. And anybody who questioned it just had a differing opinion. Jay says Rush put a big push on him to book the trip. The businessman has posted texts on his Facebook page between him and Rush discussing the aborted plan to go on the excursion. He says he felt the CEO did not think it would be dangerous for them to make the trip.

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The firm is a subsidiary of the Canadian Imperial Bank of Commerce. Archived Dec. Ultimately, as Vice Chairmen of the bank and co-heads of Leveraged Finance, the three Argosy founders had responsibilities for leveraged loan and high-yield sales, trading and research, debt private placements, restructuring advisory and financial sponsor coverage. Commissioner Adam Silver told reporters at the Finals in July that the league discussed plans for expansion during the pandemic. At CB Holding, they are dedicated to providing quality food and service for the entire family at an affordable price, while ensuring a great dining experience. Hidden categories: Articles with short description Short description matches Wikidata Articles with hCards Use mdy dates from December Please help by adding reliable sources. The investment is also thought to have personally generated millions of dollars for Bloom, Heyer and Kehler. Argosy's three major principals had worked on some of the biggest junk bond deals of the s while at Drexel Burnham Lambert. In , he and his wife also founded a veterinary discount company, Pet Assure. Read Edit View history. Hidden categories: Webarchive template wayback links All articles with dead external links Articles with dead external links from May Articles with permanently dead external links Articles with dead external links from November Articles with dead external links from December Articles with short description Short description matches Wikidata. Michael Mushkin. March 16, - am March 16, - am. The St.

Jay Bloom born or [1] is an American investor, real estate developer, and entrepreneur based in Las Vegas, Nevada. He was raised Jewish. While still in college, he started Magnavest, an investment company that covered call option writing.

Transportation Technologies, Inc. Home Furnishings Consumer Durables. Former positions of Jay Bloom. Contents move to sidebar hide. The company was founded by Bruce A. Toggle limited content width. Retrieved January 25, March 15, - pm March 16, - am. Retrieved December 18, — via The Denver Post. Wikimedia Commons. The company was founded by Edward C. Please improve it by verifying the claims made and adding inline citations. At Trimaran, the pair also oversaw Trimaran Advisors, which invests in below investment-grade corporate debt. Safety Products Holdings, Inc. Company connections.