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Darius Brawn Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.
Endicott is where Darius Brawn started his career in the mid-90s, straight out of college where he had studied economics. At the time, Endicott was a small start-up founded by Wayne Goldstein and Robert Usdan, and he was their first employee.
"I grew up in the industry with them, they were my mentors and good friends, and we built Endicott from $3 million in 1996 to, at its peek, over $600 million," Brawn tells Opalesque. "It did 15% compound annual returns, no down years. They made me a partner in the early 2000s."
But then Citadel, a global financial group, knocked on his door with an opportunity too good to miss. There, he worked under Ervin Shindell, who ran the Principal Strategies Group, and became a portfolio manager specialising in financial institutions and special situations. As he did well during the financial crisis, he got another job offer from Stamford, Connecticut-based SAC Capital Advisors in 2009, where he became a generalist, until the firm underwent a big shake-up.
Although he was not involved in the company's troubles, Brawn was part of the cohort of staff th...................... To view our full article Click here
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