Andrew Barroway is a distinguished Hedge Fund Manager and Legal Professional. He is known for his former ownership of the NHL's Arizona Coyotes Hockey Club, now the Utah Hockey Club. He currently owns Athens Kallithea FC, a top-tier soccer team in Greece. Barroway's expertise in crafting strategic investment plans and mobilizing capital with high-net-worth individuals, corporations, foundations, and pension funds demonstrates his prowess in the financial sector. His ability to remain focused on strategic investment goals while adapting to market fluctuations highlights his exceptional skill set.
Barroway's estimated net worth, which runs into hundreds of millions, is a testament to his success in various entrepreneurial ventures. His financial acumen is evident from his acquisition of a 51% stake in IceArizona Acquisition Co., LLC for $152.5 million in 2014, eventually becoming the sole owner in 2017, and later purchasing a 90% stake in Athens Kallithea FC in 2021. His strategic approach to finance is further showcased by his adeptness in event-driven hedge fund management, capitalizing on temporary stock mispricings during significant corporate transitions such as mergers or acquisitions, significantly benefiting his investment clients.
Born in Philadelphia, PA, and raised in New Jersey, Barroway's educational journey began at Cherry Hill High School East, leading him to Rutgers College. After completing his undergraduate studies, he pursued a legal career, earning a Juris Doctor from the University of Pennsylvania Law School in 1991. He co-founded Schiffrin and Barroway, LLP, which quickly became prominent, specializing in complex class action litigation. The firm gained a global reputation for its shareholder, ERISA, consumer, and antitrust litigation expertise.
His legal acumen contributed significantly to securing a landmark $3.2 billion settlement in the Tyco International Inc. securities litigation, affirming his firm’s leadership in shareholder litigation best practices. The firm represented a broad spectrum of global institutional investors, enhancing its status in the legal community.
In 2009, Barroway shifted his focus to hedge fund management by founding Merion Capital LP. Managing over $1 billion, his firm became known for pioneering appraisal rights as an investment strategy, adapting to the evolving business and regulatory environments. With offices in Scottsdale, AZ, and New York, NY, the firm focuses on mergers and acquisitions, showcasing Barroway’s skill in selecting optimal investment solutions for his clients.
Andrew Barroway also ventured into sports team ownership, acquiring the Arizona Coyotes Hockey Club in 2014. Despite the challenges associated with sports management, he effectively managed the complexities of high financial investment and public scrutiny. He continues to lead Athens Kallithea FC, implementing significant enhancements and securing strategic partnerships, demonstrating his multifaceted leadership and strategic insight across various industries.
