Fri, May 20, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Two Goldman veterans to launch dedicated private debt hedge fund

Thursday, June 18, 2015

amb
Rob Allard
Benedicte Gravrand, Opalesque Geneva for New Managers:

Two Goldman Sachs veterans are to launch Firebreak Capital later this year, a dedicated private debt hedge fund focusing on the opportunity set wrought by financial regulatory reform and bank capital requirements.

The New York-based firm has already set up a website and is currently working on two innovative private debt trades.

Rob Allard and Jonathan Egol, who head the new firm, are both former Managing Directors at Goldman Sachs. While at Goldman Sachs, Allard was Head of Structured Product Origination and Distribution; Egol was Head of the Mortgage CDO, Correlation and Derivatives trading business, and sat on GS Bank Risk and Counterparty Credit Risk Committees.

According to the announcement, "Firebreak aims to be an alternative balance sheet in the illiquid lending and investment sector, leveraging the emerging disruptive trends in consumer and commercial direct lending, as well as providing private credit, asset-backed and structured finance solutions. Firebreak will prospectively add cutting-edge technology that delivers insight and an efficient approach to its private debt strategy."

With ex-bankers at the helm, Firebreak is taking on a timely opportunity in the lending market that is coming from banks: as traditional banking services have be......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Long/short equity hedge fund with bear market experience has a winning quarter[more]

    B. G., Opalesque Geneva: Experience during a Russian bear market lasting five years enabled Christian Putz to identify certain investment patterns in the market which he now applies to his current investment strategy. London-based ARR Inv

  2. Opalesque Exclusive: Global equity manager focuses on symbiotic value chains[more]

    B. G., Opalesque Geneva: A global equity manager has made a point of focusing on the phenomenon of shrinking supply chains and avoiding zero-sum business models. London-based Tollymore Investment Partners is a private partnersh

  3. Satori Capital intros energy transition fund, a long/short equity strategy[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has launched Satori Environmental, a long/short equity strategy that primarily invests in securities impacted by the global energy sector's shift from fossil-based s

  4. The Big Picture: With the war, E, S, and G have collectively moved back to the fore[more]

    B. G., Opalesque Geneva: In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, offers his observations on the major macro themes expected to affect the comm

  5. Other Voices: The selloff is overdone[more]

    Authored by Heeten Doshi, founder of Doshi Capital Management. Anyone who is still bearish and calling for more downside is foolish. The selloff is overdone. To point to further declines from here is poor risk management. With the Nasdaq 100 down 22% and S&P 500 down 13% for the year