Andrew Barroway@andrewbarroway
Andrew Barroway is an acclaimed Hedge Fund Manager and Legal Professional, best known for previously owning the NHL’s Arizona Coyotes Hockey Club, now the Utah Hockey Club. He owns Athens Kallithea FC, a prominent soccer club in Greece’s premier league. Barroway has demonstrated a remarkable ability to develop strategic investment plans and procure capital from high-net-worth individuals, corporations, foundations, and pension funds. His sharp focus on strategic goals and the flexibility to adapt to market dynamics make him a standout figure in the financial industry.
Barroway's substantial net worth, estimated to be hundreds of millions, is a testament to his success across various entrepreneurial endeavors. Notable financial ventures include his acquisition of a 51% interest in IceArizona Acquisition Co., LLC for $152.5 million in 2014, assuming full ownership in 2017, and later securing a 90% stake in Athens Kallithea FC in 2021. His expertise in finance is prominently displayed through his management of event-driven hedge funds, capitalizing on stock mispricings during significant corporate events such as mergers and acquisitions, thus significantly benefiting his clients.
Originally from Philadelphia, PA, and raised in New Jersey, Barroway attended Cherry Hill High School East before advancing to Rutgers College. He earned a Juris Doctor from the University of Pennsylvania Law School in 1991 and co-founded Schiffrin and Barroway, LLP law firm. This firm quickly rose to prominence, specializing in complex class action litigation and gaining a worldwide reputation in shareholder, ERISA, consumer, and antitrust cases.
His legal expertise was crucial in negotiating a $3.2 billion settlement in the Tyco International Inc. securities litigation, reinforcing his firm’s role as a leader in shareholder litigation best practices. The firm catered to a diverse range of global institutional investors, solidifying its esteemed status in the legal community.
In 2009, Barroway shifted his focus to hedge fund management by establishing Merion Capital LP, which now manages over $1 billion. His firm pioneered appraisal rights as an investment strategy, effectively adapting to the changing business and regulatory landscapes. The firm, with offices in Scottsdale, AZ, and New York, NY, focuses on mergers and acquisitions, demonstrating Barroway’s ability to select the best investment solutions for his clients.
Additionally, Andrew Barroway ventured into sports team ownership, purchasing the Arizona Coyotes Hockey Club in 2014. Despite the inherent challenges of sports management, including high financial investments and intense public scrutiny, he navigated these complexities successfully. He continues to lead Athens Kallithea FC, implementing strategic enhancements and securing key partnerships, showcasing his effective leadership and strategic foresight across various sectors.