Chatham Asset Management
| Company type | Private |
|---|---|
| Industry | Hedge fund, Investment management |
| Founded | 2000 |
| Founder | Anthony Melchiorre |
| Headquarters | Chatham Borough, New Jersey , United States |
Area served | United States, Canada (media sector investments) |
Key people | Larry Buchalter (principal executive) |
| Products | Hedge fund, Investment management |
Chatham Asset Management LLC is a United States-based hedge fund established in 2000 by Anthony Melchiorre, holding substantial investments in the newspaper and tabloid sectors. The company operates out of its headquarters in Chatham Borough, New Jersey and oversees prominent media entities such as Postmedia, A360media, McClatchy, and RR Donnelley. Larry Buchalter serves as a principal executive within the organization.
The firm is recognized for its strong association with the Republican Party and is noted for employing assertive business strategies. In 2016, the Financial Industry Regulatory Authority conducted an investigation into Chatham’s dealings with Seaport Global Securities.
In 2023, both Chatham and Melchiorre faced charges from the U.S. Securities and Exchange Commission concerning improper fixed income securities trading linked to client transactions involving AMI stock. They consented to pay penalties exceeding $19.3 million.
Acquisition of Postmedia Network Canada Corp
In October 2016, the New Jersey-based hedge fund Chatham Asset Management secured a controlling interest of approximately two-thirds in Postmedia, Canada's leading newspaper conglomerate, by converting outstanding debt into majority equity. This ownership shift was not broadly disclosed within Postmedia itself. As detailed in Postmedia’s 2020 Financial Report, by November 30, 2019, Chatham held 66% of the company’s shares, contradicting the belief that Postmedia remained under Canadian control. Following this takeover, Chatham initiated staff layoffs, shuttered multiple newspapers throughout Canada, reduced compensation and benefits, and merged editorial departments.