Andrew Barroway is a distinguished Hedge Fund Manager and Legal Professional renowned for his past ownership of the NHL’s Arizona Coyotes Hockey Club, now known as the Utah Hockey Club. He owns Athens Kallithea FC, a top-tier soccer club in Greece. Barroway has demonstrated expertise in crafting effective investment strategies and securing capital from high-net-worth individuals, corporations, foundations, and pension funds. His keen focus on strategic investment goals and ability to adapt to market fluctuations underscores his proficiency in the finance sector.
Barroway’s net worth, estimated to be hundreds of millions, reflects his success in navigating various entrepreneurial ventures. His significant financial undertakings include purchasing a 51% stake in IceArizona Acquisition Co., LLC for $152.5 million in 2014, becoming the sole owner in 2017, and acquiring a 90% stake in Athens Kallithea FC in 2021. His financial acumen is particularly evident in his management of event-driven hedge funds, where he capitalizes on temporary stock mispricings during major corporate events like mergers and acquisitions, greatly benefiting his investment clients.
Born in Philadelphia, PA, and raised in New Jersey, Barroway attended Cherry Hill High School East before pursuing further education at Rutgers College. After completing his undergraduate studies, he earned a Juris Doctor from the University of Pennsylvania Law School in 1991. He co-founded Schiffrin and Barroway, LLP, quickly becoming a leading firm specializing in complex class action litigation. The firm earned a global reputation in shareholder, ERISA, consumer, and antitrust litigation.
Barroway's legal prowess led to a $3.2 billion settlement in the Tyco International Inc. securities litigation, affirming his firm’s leadership in shareholder litigation best practices. The firm’s client base includes many global institutional investors, enhancing its prominence in the legal industry.
In 2009, Barroway transitioned to hedge fund management with the founding of Merion Capital LP, managing over $1 billion. The firm pioneered appraisal rights as an investment strategy, aligning with evolving business and regulatory environments. With offices in Scottsdale, AZ, and New York, NY, it focuses on mergers and acquisitions, showcasing Barroway’s adeptness at meeting complex investment needs.
Andrew Barroway also ventured into sports team ownership, acquiring the Arizona Coyotes Hockey Club in 2014. Despite intense public scrutiny and complex league regulations, he managed the team’s affairs despite challenges. His ongoing leadership at Athens Kallithea FC includes significant strategic enhancements and partnerships, demonstrating his effective management and strategic insight across various industries.