Jason is the founder and Chief Investment Officer of Mudrick Capital Management, L.P., an investment firm that specializes in long and short investments in distressed credit. Mudrick Capital was founded in 2009 with $5 million under management. As of December 2017, the firm has grown to manage approximately $1.8 billion, primarily for institutional clients.
Jason began his Wall Street career in 2000 advising on mergers and acquisition transactions as an Associate in Merrill Lynch’s Mergers & Acquisitions Investment Banking Group. In 2001 he joined Contrarian Capital Management, where he began his focus on distressed investing. In October 2002 Jason launched the Contrarian Equity Fund, an investment vehicle focused on purchasing distressed debt that would be restructured into equity, post-bankruptcy equities and other event driven deep value special situations. As Managing Director and Portfolio Manager at Contrarian, Jason grew that business to peak assets of approximately $400 million in the Contrarian Equity Fund and close to $1 billion in total assets including the positions Contrarian’s other funds co-invested along-side Jason’s fund. Jason left Contrarian in October 2008 to launch Mudrick Capital.
Jason has served on multiple creditors’ committees and served on the Board of Directors of numerous public and private companies, including Safety-Kleen Holdings, Integrated Alarm Services Group, Salton, Rotech Healthcare, NJOY Holdings, Corporate Risk Holdings and Dex Media, where he is currently the Chairman of the Board. Jason also spent two years in graduate school teaching economics classes to Harvard University undergraduates. Jason has a B.A. in Political Science from the College of the University of Chicago and a J.D. from Harvard Law School. Jason was admitted to the New York State Bar.