I have no idea on comp though for you.Delphi Assets means all of GM's right, title and interest in and to all Assets that (i) (x) are, except as set forth on Schedule P or as otherwise provided herein or in an Ancillary Agreement, reflected in the Delphi Financial Statements and not disposed of by GM after the date thereof and before the Contribution Date ( including assets written off or expensed but still used by Delphi which Delphi can demonstrate to GM's reasonable satisfaction were paid for by the Delphi Automotive Systems Sector of GM) or (y) are to be transferred pursuant to Section 2.01(c) of this Agreement (as and when transferred thereunder) or (ii) are acquired by the Delphi Automotive Systems Business after the date of the Delphi Financial Statements and would be reflected in the financial statements of Delphi as of the Contribution Date if such financial statements were prepared using the same accounting principles under which the Delphi Financial Statements were prepared, or ( iii) are expressly provided by this Agreement or any Ancillary Agreement to be transferred to Delphi, or (iv) are listed on Schedule C hereto (which sets forth the facilities to be transferred to Delphi) or (v) except as otherwise provided in an Ancillary Agreement or other express agreement of the parties, are used exclusively by the Delphi Automotive Systems Business as of the Contribution The Delphi team was all based in new york. When I was there, I want to say the investment team at Delphi was ~10 people or so at least that I interacted with and I am sure it has grown since then as they started to manage money for their parent co. They really looked everywhere for yield and barely had any plain vanilla treasuries that i can recall. alternative funds, BDC separately managed accounts, real estate firms investing in construction loans, bridge loans and permanent financing). And they also have third parties manage a chunk of their assets (e.g.
Delphi was acquired by Tokio Marine before I joined and right around the time I was leaving, Delphi then started managing money for other subsidiaries of Tokio Marine that was previously being managed by outside firms.ĭelphi had internal asset managers who were experts in all types of fixed income assets (IG corporates, Munis, RMBS, CMBS, private placements in real estate and leveraged loans). Delphi manages money for all Delphi subsidiaries, which when I was there was maybe around 13 billion or so in assets. I actually used to work for one of their subsidiary companies about 6 years or so ago as an investment reporting type role supporting the portfolio managers that sit at Delphi.
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