Capital Allocators – Inside the Institutional Investment Industry Frank Brosens – Culture and Partnership at Taconic Capital (Capital Allocators, EP.282)
Nov 21, 2022
Frank Brosens, co-founder of Taconic Capital and former risk arbitrage desk leader at Goldman Sachs, shares his fascinating journey in finance. He discusses the successful culture at Goldman that fostered hedge fund founders and highlights Taconic’s partnership-focused philosophy. Brosens emphasizes the significance of risk management and capital allocation during financial crises. He reflects on personal motivations and shares life lessons about patience and empowering others, intertwining personal anecdotes that reveal the essence of professional growth.
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1987 Crash
- During the 1987 crash, Frank Brosens' team lost a significant amount of money.
- Bob Rubin, despite the loss, expressed confidence in the team and encouraged them to double their positions.
Japanese Warrants & People Development
- Frank Brosens presented a new Japanese warrants strategy to the management committee.
- Bob Rubin later pointed out that Brosens should have let his colleague, Zach Kabrenic, present, highlighting the importance of people development.
Leaving Goldman
- Frank Brosens left Goldman Sachs to spend time with his young children.
- He viewed it as "retirement" but planned to return to work eventually.