Standard General L.P.

Standard General L.P. is a hedge fund based in New York City, focusing on distressed and special situations investments in both public and private markets. The firm primarily invests in media, telecommunications, consumer products, and retail sectors, employing strategies to identify undervalued or distressed assets and implement value-creation plans.

Established in 2007 by Soohyung 'Soo' Kim and Nicholas Singer, Standard General has a history of managing significant corporate restructurings, including those of Aliante Casino and Hotel, American Apparel, Greektown, RadioShack, and Young Broadcasting. The firm is known for its expertise in turnaround investing, aiming to revitalize companies through strategic interventions.

As of 2019, Standard General was the largest shareholder of Twin River Worldwide Holdings, now known as Bally's Corporation. The firm's investment approach combines fundamental and quantitative analysis to create portfolios that address mispriced securities, with a focus on distressed debt and special situations.