BlackRock鈥檚 David Geffen goes it alone
02 May 2013 San Francisco
Image: Shutterstock
After departing BlackRock in 2011, David Geffen officially announced the creation of his new consultancy firm for hedge funds.
Geffen Advisors is focussed鈥� exclusively on the hedge fund industry, offering advice on 鈥╰reasury management, counterparty risk management, and fund launch. The firm will also 鈥╬rovide outsourced COO solutions and specialised training services.
鈥淭he firm鈥檚 treasury management and鈥� counterparty risk management offerings provide advice to hedge funds in managing their prime brokerage 鈥╝nd related activities more effectively, while mitigating the counterparty risk inherent in those relationships,鈥� said a statement.
鈥淭he alternative investment industry is poised for significant growth and many fund managers will benefit鈥╢rom advice on how to successfully prepare their businesses to meet the best practice standards which鈥╥nvestors now expect,鈥� said Geffen.
鈥淭he firm鈥檚 goal is to provide guidance to hedge funds so they can be鈥╩ore rigorous in their decision-making and how they do business with their strategic business partners. The鈥╢irm will work with its clients to enhance their success.鈥�
Clients of Geffen Advisors will include established and new hedge funds. Many established funds desire to 鈥╞e more thoughtful about how they manage their prime brokerage and other counterparty relationships and鈥� address the inherent credit and operational risks stemming from those relationships.
New hedge funds want鈥� objective advice on how to select the best strategic business partners and onboard those relationships.
Previously, Geffen was a managing director at BlackRock and Barclays Global鈥↖nvestors (BGI), prior to BGI鈥檚 acquisition by BlackRock, where he created and led the securities finance鈥� group that managed BGI and Blackrock鈥檚 prime brokerage, financing, futures clearing and counterparty鈥╟redit relationships.
Before joining BGI, Geffen was managing director of finance and chief credit officer at鈥� Amaranth Group, a hedge fund firm based in Connecticut.
His Wall Street experience includes positions 鈥╝t Goldman Sachs, where he managed all hedge fund counterparty risk globally as part of the firm鈥檚 鈥╟redit risk management and advisory group, and at Citibank N.A., where he served hedge funds and 鈥╥nvestment banks as a corporate banker in the firm鈥檚 global relationship banking business.
Geffen Advisors is focussed鈥� exclusively on the hedge fund industry, offering advice on 鈥╰reasury management, counterparty risk management, and fund launch. The firm will also 鈥╬rovide outsourced COO solutions and specialised training services.
鈥淭he firm鈥檚 treasury management and鈥� counterparty risk management offerings provide advice to hedge funds in managing their prime brokerage 鈥╝nd related activities more effectively, while mitigating the counterparty risk inherent in those relationships,鈥� said a statement.
鈥淭he alternative investment industry is poised for significant growth and many fund managers will benefit鈥╢rom advice on how to successfully prepare their businesses to meet the best practice standards which鈥╥nvestors now expect,鈥� said Geffen.
鈥淭he firm鈥檚 goal is to provide guidance to hedge funds so they can be鈥╩ore rigorous in their decision-making and how they do business with their strategic business partners. The鈥╢irm will work with its clients to enhance their success.鈥�
Clients of Geffen Advisors will include established and new hedge funds. Many established funds desire to 鈥╞e more thoughtful about how they manage their prime brokerage and other counterparty relationships and鈥� address the inherent credit and operational risks stemming from those relationships.
New hedge funds want鈥� objective advice on how to select the best strategic business partners and onboard those relationships.
Previously, Geffen was a managing director at BlackRock and Barclays Global鈥↖nvestors (BGI), prior to BGI鈥檚 acquisition by BlackRock, where he created and led the securities finance鈥� group that managed BGI and Blackrock鈥檚 prime brokerage, financing, futures clearing and counterparty鈥╟redit relationships.
Before joining BGI, Geffen was managing director of finance and chief credit officer at鈥� Amaranth Group, a hedge fund firm based in Connecticut.
His Wall Street experience includes positions 鈥╝t Goldman Sachs, where he managed all hedge fund counterparty risk globally as part of the firm鈥檚 鈥╟redit risk management and advisory group, and at Citibank N.A., where he served hedge funds and 鈥╥nvestment banks as a corporate banker in the firm鈥檚 global relationship banking business.
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