Experience

Cyrus Capital Partners

• United States
• Financial Services
• 1 - 100 Employee

• Advisor

  • Jul 2018 - Present

• COO/CFO of distressed debt, high yield fund with assets of $4.5B under management

  • Jan 2014 - Jun 2018

  • Responsible for all aspects of accounting, operations, treasury, budgeting, tax and valuations of firm’s investment vehicles and management entities, including projections and issuance of K-1s. Planned and executed conversion to current administration platform. • Negotiated and interfaced with all service providers and counterparties. • Streamlined work flow process and established proper segregation of functions. • Led cost cutting initiatives by examining firm and fund income statements and targeting areas for efficiencies, achieving over $2m in annual savings.• Outsourced technology infrastructure and spearheaded implementation of the firm’s cyber security initiative. • Vetted and hired firm’s first 1st CTO. Developed and implemented efficiency procedures around disposition and hedging of investment positions. • Coordinated with outside counsel and tax adviser to ensure proper jurisdiction for and treatment of investment positions. • Minimized any ECI, FIRPTA, UBTI and trade or business income. • Instituted and developed procedures to minimize tax burden for partners in the management company and ensure future investments are properly funded.• Instituted deferred compensation arrangements and long term earnings appreciation program. • Revamped firm’s pricing policy to reduce manager subjectivity regarding valuations. Show less



Woodbine Capital Management LP

• CFO/Founding Partner/COO of global macro fund with assets of $3.4B at peak

  • Jan 2008 - Jan 2013

  • Responsible for structuring the Master Fund, GP and management company. • Developed the OM, investment management agreement and subscription documents. • Designed and implemented firm’s deferred compensation arrangements. • Drafted firm’s compliance manual. • Developed and implemented accounting, taxation, treasury and cash management systems. • Negotiated all external relationships including ISDA arrangements, FCM agreements, commercial banking, prime brokerage and soft dollar relationships. • Negotiated all IMA agreements with managed accounts. • Monitored and prepared cash flow and profitability analyses, reviewed firm counterparty and cash exposure, responsible for firm, partner and investor tax estimates and K-1 reporting. Show less



Arx Investment Management LP

• CFO/Partner of leveraged finance group with assets of $1.4B under management

  • Jan 2004 - Jan 2008

  • Responsible for all areas of accounting, operations and treasury functions including trading, executions, settlements, corporate actions and financing of portfolio, including establishing and maintaining commercial banking relationships. • Traded all swaps and repos exceeding $8B with over 14 counterparties. • Monitored and negotiated funding and collateral rates and hedge FX exposure. • Negotiated all GMRA and ISDA agreements and relationships associated with financing. • Established evergreen facilities with several credit counterparties. • Developed procedures and technology to institute the firm’s CDS trading platform. • Negotiated intermediation agreement with prime broker. • Developed and installed technology systems to supplement and enhance administrator’s reporting capabilities. • Established effective cash management, projection and reporting systems. • Produced daily NAV, P&L and pricing reports. • Reviewed monthly partner allocations and firm profitability. • Coordinated external audit and tax return processes. • Maintained compliance with all accounting, regulatory and tax rules. • Reviewed and update firm’s OM, and deferred compensation arrangements. Show less



Och Ziff Freidheim Capital Management

• CFO/Partner of fixed income group specializing in high yield and distressed debt

  • Jan 2000 - Jan 2004

  • Developed and monitored business plans that anticipated the growth and resource needs of an expanding start-up hedge fund structure. • Designed and implemented systems and procedures for the fund structures, management company and general partner entity to facilitate an efficient and effective operational environment that included the accounting, regulatory, tax and management reporting functions at all levels. • Established and negotiated prime brokerage arrangements, including domestic and foreign financing rates. • Implemented ISDA arrangements with counterparties. • Created interfaces with prime brokers for daily processing activity which included trade uploads, reconciliations and cash movements. • Established and monitored a department for distressed debt securities transactions that included the execution, funding and settlement processes. • Supervised the monthly management reporting operations, which included fund performance, budget analysis, cash flow projections, revenue and expense projections and assets under management analysis. • Communicated with existing and potential investors and facilitated the subscription and redemption processes. • Coordinated the operational/compliance due diligence process of investors. • Monitored anti-money laundering procedures for the funds. • Ensured the firm remained current and in compliance with all new accounting, regulatory and tax pronouncements via strong relationship with legal counsel and independent public accountants. Show less