[9] In December 2021, Anchorage announced it would close its $7.4 billion credit flagship fund (ACP Capital) due to lackluster returns and difficulties in markets such as distressed securities.

[2][3][4] The firm moved on to focus on investments related to structured finance, such as collateralized loan obligations, as well as private credit.

[2][3] One potential factors that led to this, apart from the firm's recent performance, was that in 2019, Ulrich was sued by a woman accusing him of sexual assault in a Manhattan hotel.

[18] One of the most notable deals Anchorage was involved in was investing $500 million in MGM Studios in 2010 to bring it out of bankruptcy.

[2][4][22][23] In 2013, BNP Paribas sued Anchorage Capital after it agreed to purchase $60 million worth of debt from Irish Bank Resolution Corporation and then failed to pay.