Tom Wagner and Ara Cohen's Knighthead Capital was founded in 2008 and is located in New York City. According to the firm itself, it "focuses on long-short investments and specializes in event driven, distressed credit and special situation opportunities across a broad array of industries." With approximately $2.5 billion in assets under management, co-founders Tom Wagner and Ara Cohen have built up a fairly large fund with a great reputation amongst their peers.