ATIVO CAPITAL MANAGEMENT

Daniel J. O'Keefe is the Managing Partner and Chief Investment Officer. He previously led the non-investment-grade distressed debt team at Morgan Stanley Investment Management. ATIVO's investment process is concentrated under his direction, which makes key-person risk a primary due-diligence consideration for institutional allocators.

ATIVO operates a multi-strategy credit mandate spanning distressed debt, special situations, structured credit, and event-driven investing. Historically, the firm has combined long-biased corporate credit selection with hedging, shorting, and capital-structure arbitrage. The strategy is designed to shift allocation across the credit-quality spectrum depending on where dislocations are deepest in a given cycle.

ATIVO remains registered as an investment adviser with the SEC. Public filings indicate reported assets have declined from their post-2008 peak, consistent with the broader drawdown in dedicated distressed-credit hedge funds during the low-default-rate environment of the 2010s and early 2020s. The firm's current fund structures and precise AUM are not publicly disclosed.

ATIVO's primary focus is North American corporate credit. However, the firm has invested in European and select Latin American situations where creditor rights were enforceable under local legal frameworks. The geographic mandate is pragmatic rather than rigidly bounded.

ATIVO has no parent company or platform affiliation. It was founded as an independent firm when O'Keefe and his team separated from Morgan Stanley Investment Management in 2001. This independence distinguishes it from bank-owned or multi-strategy credit managers that face internal capital-allocation pressures.