Drum Capital Hires Edwin “Ed” Camson as Managing Director

SOUTH NORWALK, Conn.--(BUSINESS WIRE)--Drum Capital Management LLC, an independent investment management firm dedicated to distressed and turnaround investments, today announced the appointment of Edwin K. Camson as a Managing Director. A senior member of Drum’s Investment Committee, Mr. Camson will assist in building out the company’s short term credit team, and will be highly involved in the origination, analysis, due diligence, negotiation, and management of all short term special situation investments. He will be stationed at Drum’s new Stamford, CT corporate headquarters.

“We have been an investor in Bennett Management Corp. since 2000, so we are well acquainted with Ed, his extraordinary track record, and his deep industry experience. He will be a valuable addition to our investing team.”

For nearly 20 years, Mr. Camson, 39, has specialized in short term special situations, claims, and asset receivables of distressed companies. He has negotiated numerous plans of reorganization with a variety of debtors, purchased tens of thousands of claims, and transferred claims in every bankruptcy court in the United States. In addition, he has extensive experience investing through distressed spot factoring arrangements and insurance products and has worked closely with credit professionals in a variety of large US companies supplying the retail industry.

Mr. Camson served for over 17 years as a senior member at Bennett Management Corp. He was also the founder and president of Trade-Debt.net Inc., and senior vice president and chief operating officer of Newstart Factors, Inc. In these roles, Mr. Camson was responsible for evaluating, analyzing, and investing in receivables and trade claims of companies in or near default. He received his B.A. from the State University of New York at Oneonta in 1990.

“We are thrilled to welcome Ed to Drum Capital,” said Scott Vollmer, CEO of Drum Capital. “We have been an investor in Bennett Management Corp. since 2000, so we are well acquainted with Ed, his extraordinary track record, and his deep industry experience. He will be a valuable addition to our investing team.”

About Drum Capital Management LLC

Drum Capital Management LLC, founded by Scott E. Vollmer in April 2005, has become one of the world’s leading managers of distressed investments. The firm’s core business focuses on creating and actively managing sector-focused fund of funds in distressed debt, turnaround, and workout opportunities. Mr. Vollmer and the seasoned investment team has invested and/or managed over $4 billion in distressed and turnaround situations. The team has tremendous depth of experience in the distressed and turnaround marketplace, with an average of more than 20 years of investing experience. Drum Capital prides itself on its rigorous and unique investment screening methodology and its proprietary system which closely tracks an unparalleled total of over 400 global distressed debt and turnaround specialists.