chops_
Gold Member
- Sep 13, 2018
- 665
- 197
- 145
- Banned
- #1
As many of us all know, Lehman Brothers collapsed on September 15, 2008. In which, would become the largest bankruptcy filing in U.S. history, with Lehman holding over US$600,000,000,000 in assets.
Now, let's fast-forward to 2018. Where's Richard Fuld (aka "Dick" Fuld), the former CEO of the now bankrupted Lehman Brothers?
Last summer the former chairman and chief executive of Lehman joined forces with a couple of old associates to launch Matrix Wealth Partners, a New York-based firm focused on providing corporate finance advice to wealthy families. On Monday the firm rebranded as Matrix Private Capital Group, announcing a broader array of wealth and asset management services and a push into new markets in Florida and California. The Park Avenue-based firm, which now manages liquid assets of more than $100m for 18 families, is offering private equity-style investments as well as a new fund which will buy public equities, focusing on a few “high-conviction” long and short ideas, according to Matt Rubin, one of four senior partners. The firm is also opening new offices in Palm Beach and Los Angeles, seeking to attract new clients with what Mr Rubin called “a holistic approach to [their] entire balance-sheet, versus the traditional wealth management approach, which focuses only on the liquidity in the portfolio”.
Some are saying we are in the process of another Financial Collapse. And it will "rattle" the Global markets - yet again.
What say you?
Now, let's fast-forward to 2018. Where's Richard Fuld (aka "Dick" Fuld), the former CEO of the now bankrupted Lehman Brothers?
Last summer the former chairman and chief executive of Lehman joined forces with a couple of old associates to launch Matrix Wealth Partners, a New York-based firm focused on providing corporate finance advice to wealthy families. On Monday the firm rebranded as Matrix Private Capital Group, announcing a broader array of wealth and asset management services and a push into new markets in Florida and California. The Park Avenue-based firm, which now manages liquid assets of more than $100m for 18 families, is offering private equity-style investments as well as a new fund which will buy public equities, focusing on a few “high-conviction” long and short ideas, according to Matt Rubin, one of four senior partners. The firm is also opening new offices in Palm Beach and Los Angeles, seeking to attract new clients with what Mr Rubin called “a holistic approach to [their] entire balance-sheet, versus the traditional wealth management approach, which focuses only on the liquidity in the portfolio”.
Some are saying we are in the process of another Financial Collapse. And it will "rattle" the Global markets - yet again.
What say you?