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Jan Martinek’s open letter to Stone Point Capital, describing the questionable activities of Mr Zyskind and Mr Friedman’s team responsible for the AmTrust investment. Some of the rumors might indicate illegal conduct. Martinek has no means to verify the allegations other than to bring this to Stone Point’s and SEC attention.

Dear Mr Shettle, Dear Mr Stroup,
Predatory Activities By Amtrust Financial Undermines The Reputation Of Stone Point Capital

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Q4 hedge fund letters, conference, scoops etc
In finance, reputation is the most valuable asset. I am not sure whether the recent steps taken by Stone Point Capital (Stone Point) and Barry Zyskind, CEO and Chairman of AmTrust Financial (AmTrust), are the right steps from a reputational point of view.

On 1/18/2019 AmTrust announced that they would delist its subordinated instruments. The announcement came despite Stone Point Capital’s and AmTrust recent written declarations that this would not happen. Not many reputable firms would do that.
As a result value of those instruments decreased by around USD 400 million. The money was ultimately lost by US individuals. They are the ultimate owners of those instruments.  Stone Point as a major shareholder is directly responsible for this loss to those people. Morally and reputationally.
Mr Zyskind has a clear conflict of interest. The declared reason for the delisting was a cost saving on listings. The increased profitability would

Article From: "Jacob Wolinsky"   Read full article