BlackRock’s 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 exclusively on the hedge fund industry, offering advice on treasury management, counterparty risk management, and fund launch. The firm will also provide outsourced COO solutions and specialised training services.
“The firm’s treasury management and counterparty risk management offerings provide advice to hedge funds in managing their prime brokerage and related activities more effectively, while mitigating the counterparty risk inherent in those relationships,” said a statement.
“The alternative investment industry is poised for significant growth and many fund managers will benefit from advice on how to successfully prepare their businesses to meet the best practice standards which investors now expect,” said Geffen.
“The firm’s goal is to provide guidance to hedge funds so they can be more rigorous in their decision-making and how they do business with their strategic business partners. The firm will work with its clients to enhance their success.”
Clients of Geffen Advisors will include established and new hedge funds. Many established funds desire to be more thoughtful about how they manage their prime brokerage and other counterparty relationships and address the inherent credit and operational risks stemming from those relationships.
New hedge funds want 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 Investors (BGI), prior to BGI’s acquisition by BlackRock, where he created and led the securities finance group that managed BGI and Blackrock’s prime brokerage, financing, futures clearing and counterparty credit relationships.
Before joining BGI, Geffen was managing director of finance and chief credit officer at Amaranth Group, a hedge fund firm based in Connecticut.
His Wall Street experience includes positions at Goldman Sachs, where he managed all hedge fund counterparty risk globally as part of the firm’s credit risk management and advisory group, and at Citibank N.A., where he served hedge funds and investment banks as a corporate banker in the firm’s global relationship banking business.
Geffen Advisors is focussed exclusively on the hedge fund industry, offering advice on treasury management, counterparty risk management, and fund launch. The firm will also provide outsourced COO solutions and specialised training services.
“The firm’s treasury management and counterparty risk management offerings provide advice to hedge funds in managing their prime brokerage and related activities more effectively, while mitigating the counterparty risk inherent in those relationships,” said a statement.
“The alternative investment industry is poised for significant growth and many fund managers will benefit from advice on how to successfully prepare their businesses to meet the best practice standards which investors now expect,” said Geffen.
“The firm’s goal is to provide guidance to hedge funds so they can be more rigorous in their decision-making and how they do business with their strategic business partners. The firm will work with its clients to enhance their success.”
Clients of Geffen Advisors will include established and new hedge funds. Many established funds desire to be more thoughtful about how they manage their prime brokerage and other counterparty relationships and address the inherent credit and operational risks stemming from those relationships.
New hedge funds want 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 Investors (BGI), prior to BGI’s acquisition by BlackRock, where he created and led the securities finance group that managed BGI and Blackrock’s prime brokerage, financing, futures clearing and counterparty credit relationships.
Before joining BGI, Geffen was managing director of finance and chief credit officer at Amaranth Group, a hedge fund firm based in Connecticut.
His Wall Street experience includes positions at Goldman Sachs, where he managed all hedge fund counterparty risk globally as part of the firm’s credit risk management and advisory group, and at Citibank N.A., where he served hedge funds and investment banks as a corporate banker in the firm’s global relationship banking business.
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