About

About Andrew Barroway

Andrew Barroway is a Hedge Fund Manager, Legal Professional, and former owner of the NHL Arizona Coyotes Hockey Club (now known as the Utah Hockey Club). Currently, Barroway owns Athens Kallithea FC, a First-tier Greek Soccer team. As a successful hedge fund manager, Barroway is skilled in clearly defining investment strategies and raising capital in partnership with high-net-worth individuals, corporations, foundations, and pension funds. His success is underpinned by his ability to remain laser-focused on making strategic decisions aligned with his investment objectives, yet remaining flexible and adapting to fluctuating market conditions.

Andrew Barroway’s net worth is estimated to be hundreds of millions of dollars.  Much of Barroway’s wealth is due to his ability to pivot into multiple entrepreneurial ventures, such as acquiring a 51% stake in IceArizona Acquisition Co., LLC in 2014 for $152.5 million. He became the sole owner in 2017 before purchasing a 90% stake in the Greek soccer club Athens Kallithea in 2021.

However, Barroway’s continuing success is due to his event-driven hedge fund management expertise. This investment strategy takes advantage of temporary stock mispricing, which can occur before or after a corporate merger, acquisition, bankruptcy, restructuring, or spin-off. Barroway is skilled at identifying companies going through unusual changes and using those special situations to the advantage of his investment clients.

Early Legal Career

Barroway was born in Philadelphia, PA. His family relocated to New Jersey, where he attended Cherry Hill High School East before being accepted at Rutgers College. After earning a Bachelor of Arts, he decided to pursue a legal career to advance justice and help others. He graduated from the University of Pennsylvania Law School with a Juris Doctor in 1991. Barroway partnered with other legal professionals to form Schiffrin and Barroway, LLP in Radnor, PA. The law firm became one of the largest firms specializing in complex class action litigation, developing a global reputation for excellence in shareholder, ERISA, consumer, and antitrust litigation.

Through tireless effort and steadfast determination, Barroway was instrumental in his firm settling the Tyco International Inc. securities litigation for $3.2 billion. His firm became a leading expert in shareholder litigation best practices, especially concerning securities fraud claims brought against public companies and their officers, directors, and advisors. The company represented a wide range of institutional investors, including insurance companies, pension funds, investment advisors, mutual fund and hedge fund managers, municipalities, cities, counties, corporations, and business owners worldwide.

Hedge Fund Manager

In 2009, Andrew Barroway pivoted into a career as a hedge fund manager. He launched Merion Capital LP, managing over $1B in funds and pioneering the implementation of appraisal rights as an investment strategy. The company was established to apply modern investing practices to the evolving business and regulatory environments for brokers and dealers. Barroway became highly skilled at selecting the best investment products and solutions for his clients.

As Founder and Managing Partner, he worked to optimize returns on several event-driven hedge funds that often take advantage of pricing inefficiencies caused by evolving corporate dynamics. Andrew expanded the hedge fund to over $1B in funding with offices in Scottsdale, AZ, and New York, NY. The firm primarily invests in mergers and acquisitions of publicly traded companies and other transactions in the US. Andrew Barroway’s high net worth is directly connected to his success as a hedge fund manager and his ability to develop key financial industry partnerships.

Sports Team Owner

In 2014, Barroway saw an opportunity to enter the exciting world of sports team ownership. Despite the many challenges, such as the high financial investment required, the intense scrutiny by fans and the media, complex league regulation, and unpredictable player performance, his purchase of the Arizona Coyotes Hockey Club became a passion project. Barroway’s 51% ownership afforded him the dominant decision-making power. He eventually sold the team and retained a 5% interest before pivoting into a new venture as owner of the Greek football club, Athens Kallithea FC.

In 2022, Barroway rebranded the Greek professional football club with a new logo, new uniforms, and a new sense of determination. The Athens Kallithea Football Club (AKFC) plays in the top tier, Super League of Greek football. Based in Kallithea, a suburb of Athens, Barroway is the majority owner and continues to grow the club with various collaborations. Andrew has been helpful in forging a partnership between Athens Kallithea FC and Metropolitan Hospital to provide athletes with essential health and medical care services. The club has also announced a broadcast rights agreement with COSMOTE TV, Greece’s leading pay television service provider.

Andrew Barroway’s net worth has been accumulated through various successful business ventures, his expertise as a hedge fund manager, and his skillful leadership of two professional sports teams.