An established and experienced hedge fund manager, David Simon has led Twin Capital Management to consistently positive returns for three decades. He founded the firm in the wake of his profits from the stock market crash in 1987, and he still serves as the company’s CIO and CEO.
Mr. Simon cut his teeth in the hedge fund business as the head of risk arbitrage research for Spear, Leeds & Kellogg and Mercury Securities in New York City. Previously, he practiced corporate law at two top-tier New York law firms.
His education prepared him well for his success; David Simon earned magna cum laude honors both as an undergrad with a BS in finance and accounting at Muhlenberg College in Allentown, Pennsylvania, and as a law student obtaining his JD from the University of Miami.
In his spare time, Mr. Simon is dedicated to philanthropy, founding his eponymous charitable foundation to support a variety of causes committed to fighting poverty and children’s causes.
David Simon, Founder and CEO of Twin Capital Management, discusses his firm and the hedge fund industry today.
French hedge fund manager Bernheim, Dreyfus & Co has named Bank of America Merrill Lynch (Baml) as an additional prime broker for its event-driven Diva Synergy and Diva Synergy Ucits funds, using the announcement to also predict an uptick in M&A deals.
Bernheim’s Diva Synergy team revealed it was “very bullish for 2012 and expects M&A activity to pick up steadily”.
Expectations for growing M&A activity have been circling for several weeks. Speaking to HFMWeek earlier this month, David Simon, founder, chief executive and managing member, of $300m New York-based hedge fund firm Twin Capital Management said he believes the second half of the year will be “huge” for transactions.
“People in Europe do not expect the continent to grow over the next three to five years, which means there is likely going to be a number of European firms coming over to the US to make acquisitions,” he added.
David Simon, Twin Capital Management CEO predicts surge in M&A activity | Hedge Fund Manager
Speaking to HFMWeek, David Simon, Twin Capital founder, chief executive and managing member, singled out healthcare as a sector likely to see more consolidation than most. Firms focused on natural resources, such as liquid gas, were also going to be highly active, he added.