Alicia McElhaney

New York

Bankruptcy Reporter at The Wall Street Journal

reporter @wsjbankruptcy | she/her | tips & scoops to [email protected] ✨🌙

Articles

Facing Anti-Trans Policies, Manager Contemplates Move to Canada

2 weeks ago | institutionalinvestor.com | Michelle Celarier |Alicia McElhaney

Aristides Capital may be the first hedge fund to open an office in Canada under the new administration — and not because of Trump’s tariff policy, even though CEO Claire Brown, previously known as Chris, thinks those don’t make any sense at all. “Sometimes, the decisions we make to reduce tail risk are not purely financial,” Brown wrote in her April letter to investors.
Venezuela Bondholders Find Path to Repayment in Citgo Auction

3 weeks ago | wsj.com | Alicia McElhaney

Red Tree Investments, an affiliate of hedge-fund manager Contrarian Capital, was chosen as the lead bidder for Citgo last month with an offer valued at $3.7 billion. One of the largest oil refineries in the U.S., Citgo is being sold to cover debts owed by the bankrupt Venezuelan government.
The PE Glut: a ‘Towering’ $3.6TR of Value Is Locked in 29,000 Unsold Companies

3 weeks ago | institutionalinvestor.com | Michelle Celarier |Alicia McElhaney |Christine Idzelis

Private equity funds just have too much money: They are struggling to find potentially profitable investments, can’t sell companies they already own, and are being pressured by exasperated limited partners.
CalPERS’ Capital Markets Deputy CIO to Leave Pension for General Atlantic

4 weeks ago | institutionalinvestor.com | James Comtois |Alicia McElhaney

The California Public Employees’ Retirement System’s deputy chief investment officer for capital markets — who even once served as interim CIO — is leaving the $503 billion pension plan next month to take on a managing director role at private equity firm General Atlantic.
Call for Nominations for the 2025 Allocators’ Choice Awards

1 month ago | institutionalinvestor.com | Alicia McElhaney

After a challenging start to the year, Institutional Investor is offering readers a bit of respite. II wants your help in finding and honoring the best and the brightest allocators for its 8th Annual Allocators’ Choice Awards. In times of turbulence, in particular, the most qualified and respected professionals rise to the top as they steer their organizations, portfolios, and people through the uncertainty. You can start the nomination process here.
23andMe Customers Scramble to Delete Data, Seek Assurances After Bankruptcy

1 month ago | wsj.com | Alicia McElhaney

23andMe customers rushed to delete their genetic data after the company filed for bankruptcy, facing long wait times and error messages. Customers expressed concerns about the security of their data under a new owner, despite the company's assurances that its privacy policy will continue to apply. Some customers faced difficulties deleting their data, including those with deceased family members or who had forgotten their passwords.
23andMe Is Bankrupt. Here’s What You Need to Know About Your Genetic Data

1 month ago | wsj.com | Alicia McElhaney |Alexander Gladstone

23andMe ME -49.87%decrease; red down pointing triangle filed for bankruptcy on Monday, proposing to try to sell all of its assets. For consumers who have provided genetic data to the company for testing purposes, here’s what to know:The DNA-testing company was a hit with consumers who bought its DNA testing kits but never managed to turn that success into a viable business model.
North Carolina Treasurer Looks to Overhaul Management of the State Pension

1 month ago | institutionalinvestor.com | James Comtois |Alicia McElhaney |Aaron Timms

Brad Briner ran for North Carolina Treasurer on a platform to modernize the state’s investments. Now in office, he’s looking to make good on that campaign promise by revamping how the state manages its $127 billion retirement portfolio and restructuring the investment office. North Carolina is one of only three states alongside Connecticut and New York that rely on a single fiduciary to manage their pension funds.
23andMe Filed for Bankruptcy. What to Know About Protecting Your Genetic Data.

1 month ago | wsj.com | Alicia McElhaney |Alexander Gladstone

How 23andMe Went From a $6 Billion Valuation to a Penny StockYour browser does not support HTML5 video. 0:00Paused0:00 / 5:58How 23andMe Went From a $6 Billion Valuation to a Penny StockPlay video: How 23andMe Went From a $6 Billion Valuation to a Penny Stock23andMe ME -55.53%decrease; red down pointing triangle filed for bankruptcy, proposing to try to sell all of its assets.
Struggling Businesses Sharpen Debt Tactics, Just In Time for a Downturn

1 month ago | wsj.com | Soma Biswas |Alicia McElhaney

As recession fears amp up, struggling businesses have one thing working in their favor: They have never been more adept at reordering their debts to avoid bankruptcy. U.S. companies have been engaging in liability management exercises, or LMEs, that raise fresh capital and extend debt maturities while avoiding the expense of chapter 11.

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Alicia McElhaney @AliciaMcElhaney

9 Apr 25

Trump channeling Countess Luann of Real Housewives fame this morning https://t.co/nvy6l2yflk

Joe Weisenthal @TheStalwart

https://t.co/yA9We2AHT9

Alicia McElhaney @AliciaMcElhaney

8 Apr 25

Mark Wiedman is heading to Pittsburgh

WSJ Markets @WSJmarkets

PNC hired former BlackRock executive Mark Wiedman, who will be at the top of the succession list for PNC Chief Executive Bill Demchak https://t.co/n7Za3v7H7K

Alicia McElhaney @AliciaMcElhaney

4 Apr 25

Thinking about my former beat for a second: Back when it became clear that China was a portfolio risk some boards weren't comfortable with, a lot of LPs began putting money into Vietnam and other South Asian countries. Curious about how that trade-off will pan out...