Daniel Arbess

Last updated
Daniel J. Arbess
Born (1961-01-23) January 23, 1961 (age 62)
Montreal, Quebec, Canada
NationalityAmerican
Alma materOsgoode Hall Law School
Harvard Law School
TitleFounder, CEO, Xerion Investments

Daniel J. Arbess (born 1961) is an American lawyer, investor and policy analyst. [1] He founded investment firms Xerion Capital Partners and Xerion Investments and co-founded Stratton Investments, Taiga Capital Partners and Triton Partners. [1]

Contents

Early life

Arbess was born on January 23, 1961, in Montreal, Quebec, Canada, and is a United States citizen.[ citation needed ] He received a JD from Osgoode Hall Law School in Toronto, and an LLM from the Harvard Law School. [2] He was an affiliate at the John F. Kennedy School of Government and a fellow at the New York-based World Policy Institute. [3] [1]

Career

Arbess joined the international law firm White & Case in 1987, after having been in the Kremlin as a foreign observer when Mikhail Gorbachev unveiled the policies of Glasnost and Perestroika. He was the first American lawyer to re-locate to Eastern Europe, moving to Prague in early 1990. [4] [5] He advised the Czechoslovak (later Czech) government on its economic transition, principally involving privatization policy and transactions. [6] In 1992, at 31, he became the youngest partner in the history of White & Case and Head of its Global Privatization Group. [7] Arbess advised the Czechoslovak government on the restructuring of its auto industry, including the 1991 sale of Skoda Auto to Volkswagen AG for $6.4 billion (at the time, among the largest cross-border M & A transactions in European history), and the restructuring and sale of its downstream petrochemicals industry to a consortium of international oil majors. [8] [9] Arbess' privatization advisory work extended to Russia, Vietnam, Israel and other countries.

Arbess has been a principal investor since 1995, first pursuing restructuring-oriented private transactions in Europe. [10] He is a co-founder of investment firms Taiga Capital, Stratton Investments and Triton Partners and founder, CEO and CIO of Xerion Investments., [1] having launched Xerion Investments and Xerion Capital Partners in 2003 with the backing of S. Donald Sussman and his Paloma Partners. Arbess sold Xerion Capital Partners to Perella Weinberg Partners and became a partner of that firm in 2007. [11] He was CIO of the $3.25 Billion Xerion Hedge Funds from 2003 to 2014. Xerion's noted investments captured the devolution of Communism and phases of China's economic reforms; [12] the U.S. housing and financial crisis; [13] monetary policy reflation of financial markets after the 2008 crisis; [14] and the restructuring of the U.S. airline and auto industries. [15] [16] He returned investor capital in late 2014 to pursue private interests and purposeful investment opportunities through Xerion Investments and its affiliates. [17]

Boards

Arbess is a member of the Board of Directors of the Global Virus Network, the Corporate Advisory Board of Cancer Expert Now and the Finance Working Group of the Healthy Brains Global Initiative. He is a lifetime member of the Council on Foreign Relations, is a member of the Atlantic Council and advises the Vaclav Havel Library Foundation. He was a co-founder of No Labels, a U.S. political organization promoting collaboration across the political spectrum. [18]

Published works

Bibliography

Related Research Articles

<span class="mw-page-title-main">Morgan Stanley</span> American financial services company

Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 41 countries and more than 75,000 employees, the firm's clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 61 in the 2021 Fortune 500 list of the largest United States corporations by total revenue.

<span class="mw-page-title-main">Citigroup</span> American multinational investment bank and financial services corporation

Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation incorporated in Delaware and headquartered in New York City. The company was formed by the merger of Citicorp, the bank holding company for Citibank, and Travelers in 1998; Travelers was spun off from the company in 2002.

<span class="mw-page-title-main">BlackRock</span> American multinational investment management corporation

BlackRock, Inc. is an American multinational investment company based in New York City. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with US$9.42 trillion in assets under management as of June 30, 2023. BlackRock operates globally with 70 offices in 30 countries, and clients in 100 countries. BlackRock is the manager of the iShares group of exchange-traded funds, and along with The Vanguard Group and State Street, it is considered to be one of the Big Three index fund managers. Its Aladdin software keeps track of investment portfolios for many major financial institutions and its BlackRock Solutions division provides financial risk management services. BlackRock is ranked 184th on the Fortune 500 list of the largest United States corporations by revenue.

<span class="mw-page-title-main">Peter Weinberg</span> American businessman

Peter Amory Weinberg is an American businessman. He spent almost twenty years of his career at Goldman Sachs before co-founding Perella Weinberg Partners with merger specialist, Joseph Perella in 2006. The firm provides M&A advisory and alternative asset management services. Weinberg serves as its Chief Executive Officer and Founding Partner.

Nelson Peltz is an American billionaire businessman and investor. He is a founding partner, together with Peter W. May and Edward P. Garden, of Trian Fund Management, an alternative investment management fund based in New York. He is non-executive chairman of Wendy's Company, Sysco, and The Madison Square Garden Company. He is a former director of H.J. Heinz Company, Mondelēz International, and Ingersoll Rand and a former CEO of Triangle Industries.

<span class="mw-page-title-main">Perella Weinberg Partners</span> U.S.-based financial services firm

Perella Weinberg Partners L.P. is an American global financial services firm focused on investment banking advisory services.

Silver Lake is an American global private equity firm focused on investments in technology, technology-enabled and related industries. Founded in 1999, the firm is one of the largest technology investors in the world. Its investment holdings have included Airbnb, Alibaba Group, Ancestry.com, Broadcom, Credit Karma, City Football Group, Dell Technologies, Diamond Baseball Holdings, Endeavor, Expedia Group, Fanatics, First Advantage, Flixbus, Global Blue, GoDaddy, Jio, Lightbox, Grupo BC de Asesoría Hipotecaria S.L., Motorola Solutions, New Zealand Rugby, NortonLifeLock, Qualtrics, Red Ventures, Sabre Corporation, Skype, SoFi, GLG, Seagate Technology, SolarWinds, TEG, Twitter, Unity Technologies, Waymo, Weld North Education, WP Engine, Vacasa, the A-League football competition in Australia, and ZPG. Silver Lake is headquartered in Silicon Valley, and has offices in New York, London and Hong Kong.

<span class="mw-page-title-main">Bill Ackman</span> Billionaire American hedge fund manager and investor

William Albert Ackman is an American billionaire hedge fund manager who is the founder and chief executive officer of Pershing Square Capital Management, a hedge fund management company. His investment approach has made him an activist investor. As of June 2023, Ackman's net worth was estimated at $3.5 billion by Forbes.

<span class="mw-page-title-main">Greenspan put</span> Monetary policy tool

The Greenspan put was a monetary policy response to financial crises that Alan Greenspan, former chair of the Federal Reserve, exercised beginning with the crash of 1987. Successful in addressing various crises, it became controversial as it led to periods of extreme speculation led by Wall Street investment banks overusing the put's repurchase agreements and creating successive asset price bubbles. The banks so overused Greenspan's tools that their compromised solvency in the global financial crisis of 2007–2008 required Fed chair Ben Bernanke to use direct quantitative easing. The term Yellen put was used to refer to Fed chair Janet Yellen's policy of perpetual monetary looseness.

<span class="mw-page-title-main">Francisco Partners</span> American private equity firm

Francisco Partners is an American private equity firm focused exclusively on investments in technology and technology-enabled services businesses. It was founded in August 1999 and based in San Francisco with offices in London and New York City.

J. Kyle Bass is an American investor and founder of Conservation Equity Management, a Texas-based private equity firm focused on environmental sustainability. He is also the founder and principal of Hayman Capital Management, L.P., a Dallas-based hedge fund focused on global events.

<span class="mw-page-title-main">Mark Weinberger</span> American businessman

Mark A. Weinberger is an American businessman. He is the former global Chairman and CEO of EY. Weinberger currently sits on several boards of directors, including those of Metlife, Johnson & Johnson and Saudi Aramco. Earlier in his career he has also held several posts in the public sector in Washington, D.C., including time as Assistant Secretary of the Treasury for Tax Policy.

<span class="mw-page-title-main">WeWork</span> American workspace company

WeWork Inc. is a provider of coworking spaces, including physical and virtual shared spaces, headquartered in New York City. As of December 31, 2022, the company operated 43.9 million square feet (4,080,000 m2) of space, including 18.3 million square feet (1,700,000 m2) in the United States and Canada, in 779 locations in 39 countries, and had 547,000 members, with a weighted average commitment term of 19 months.

CoinDesk is a news site specializing in bitcoin and digital currencies. CoinDesk also provides guides to bitcoin for those new to digital currencies. Founded by Shakil Khan, the site was subsequently acquired by Digital Currency Group.

An independent advisory firm is an investment bank that provides strategic and financial advice to clients primarily including corporations, financial sponsors, and governments. Revenues are typically generated by providing deal-specific advice related to mergers and acquisitions and financing. The WSJ noted in January 2016 that "boutique is a fuzzy label, defined as much by what these firms do as what they don’t do ."

<span class="mw-page-title-main">Digital Currency Group</span> American venture capital company

Digital Currency Group (DCG) is a venture capital company focusing on the digital currency market. It is located in Stamford, Connecticut. The company has five subsidiaries: CoinDesk, Foundry, Genesis, Grayscale Investments, and Luno.

Katherine 'Kate' Taaffe Richard is an American business woman and the founder of Warwick Investment Group, a private equity firm focused on real assets with approximately $2.3 billion in managed assets. Warwick Investment Group is a SEC-registered investment advisor, managing funds that invest globally in natural resources and real estate. Warwick has an established track record in strategic consolidation in these sectors, having completed more than 4,000 transactions since inception. The firm has ~75 team members and advisors across offices in Oklahoma City, Dallas, New York and London, investing across private equity funds, special purpose vehicles and open-ended structures. Warwick also manages capital for pension funds in 8 of the 50 states.

<span class="mw-page-title-main">Adam Neumann</span> Israeli-American businessman (born 1979)

Adam Neumann is an Israeli-American billionaire businessman and investor. In 2010, he co-founded WeWork with Miguel McKelvey, where he served as CEO from 2010 to 2019. In 2019, he co-founded a family office dubbed 166 2nd Financial Services with his wife, Rebekah Neumann, to manage their personal wealth, investing over a billion dollars in real estate and venture startups.

<span class="mw-page-title-main">JANA Partners LLC</span> Activist investor

JANA Partners LLC is an investment manager specializing in event-driven investing. It was founded in 2001 by Barry Rosenstein. JANA engages in traditional shareholder activism and socially responsible investing.

References

  1. 1 2 3 4 "Daniel J. Arbess". Bloomberg L.P. August 5, 2017.
  2. ↑ "Daniel Arbess". Milken Institute . May 1, 2013.
  3. ↑ "White & Case's Man in Prague". The American Lawyer . March 1991.
  4. ↑ Karen Dillon (June 1992). "Infiltrating the East" (PDF). The American Lawyer.
  5. ↑ Michael Weinstein (November 13, 1991). "Editorial Notebook: Not a Yawn, Real Help". The New York Times .
  6. ↑ William Echikson & Ricardo Sookdeo (October 17, 1994). "Young Americans Go Abroad to Strike it Rich: From Budapest to Beijing, record numbers of ambitious entrepreneurs and pioneering professionals are staking claims--and finding rich rewards". Fortune .
  7. ↑ Nick Paumgarten (March 5, 2012). "Magic Mountain". The New Yorker .
  8. ↑ Irwin Speizer (August 25, 2009). "Dan Arbess: to Chrysler from Skoda". Institutional Investor .
  9. ↑ "Daniel Arbess". The Vaclav Havel Library Foundation. Retrieved August 2, 2017.
  10. ↑ Michael M. Weinstein (January 11, 1998). "The Capitalist; Giving Russia The Business". The New York Times.
  11. ↑ Michael J. de la Merced (October 2, 2007). "Perella Weinberg acquires Xerion Capital amid credit market turmoil". The New York Times.
  12. ↑ "China: Bubble or Bonanza". Market Folly . September 14, 2011.
  13. ↑ "Wall Street's Bad Dream". The Economist . September 18, 2008.
  14. ↑ "Dan Arbess Ira Sohn Presentation: Investing as the Foundation Shifts". Market Folly. June 24, 2010.
  15. ↑ Zachary Kouwe (May 30, 2009). "The Lenders Obama Decided to Blame for Chrysler's Fall". The New York Times.
  16. ↑ Eric Uhlfelder (October 23, 2010). "From East to West". Barron's .
  17. ↑ "MOVES-Hedge fund manager Arbess leaves Perella Weinberg". Reuters. July 22, 2015.
  18. ↑ "Jihad & a Geopolitical G-X: Winning the War and Building the Peace". Center for Strategic and International Studies . February 12, 2016.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.