University of Miami Law
An accomplished investment executive, David Simon currently serves as the CEO and CIO of Twin Capital Management in New York City. In his work with Twin Capital, David Simon draws on extensive experience in the finance industry as well as a law degree from the University of Miami School of Law.
Since officially opening its doors in 1928, the University of Miami School of Law has trained generations of future leaders in the legal, political, and corporate worlds. Over the years, the school has emerged as a premier international center for legal education with a range of highly regarded programs including business and taxation law, intellectual property law, and environmental law.
The University of Miami environmental law program made headlines recently when its students helped expose illegal toxic dumping on Florida’s west coast. When a local reporter raised concerns about illegal dumping of lime sludge by the City of Fort Myers in the African-American community of Dunbar, students from the University of Miami environmental law clinic jumped on the case. They traveled to the community to meet with local residents and help them form a legal plan of action.
After hearing about the community’s concerns, the law students conducted extensive research and provided fact-finding services in concert with local attorneys who volunteered to take the case. Partly as a result of the students’ efforts, the attorneys filed a class-action lawsuit in the spring of 2018 against the City of Fort Myers that seeks damages for violating anti-dumping laws and the creation of a health care program to monitor residents for ill effects potentially caused by the toxic waste.
Starlight Children’s Foundation
A veteran investment professional with a background in risk arbitrage, David Simon currently serves as the managing member and co-chief investment officer of Twin Capital Management, LLC. Outside of his professional life, David Simon commits himself to a range of philanthropic initiatives that include overseeing his own foundation. For many years he also supported the Starlight Children’s Foundation, through which he co-founded an annual golf outing.
Since 1982, the Starlight Foundation has provided once-in-a-lifetime experiences to more than 60 million critically and terminally ill children across the United States, the United Kingdom, Canada, and Australia. As part of its commitment to bringing joy to children, the Starlight Children’s Foundation maintains a series of programs, including its Starlight Gowns initiative.
Inspired by a similar effort by Brave Gowns, Starlight Gowns provides hospitalized children with beautiful and comfortable hospital gowns as a replacement for the uncomfortable and plain hospital garb that is typically issued. The gowns take the form of astronaut suits, princess dresses, and other magical costumes, bringing joy into what is often a frightening and anxiety-producing hospital stay.
In November 2017, the Starlight Children’s Foundation announced that The Michaels Companies, which operates thousands of arts and crafts stores across North America, had sponsored 10,000 Starlight Gowns to distribute to hospitalized children. As part of the contribution, designers with Michaels created 10 unique designs featuring explorers, scuba divers, and more.
Established hedge fund manager David Simon has guided his firm Twin Capital Management, LLC for three decades. Serving as CIO of the funds, he is responsible for the full range of portfolio management activities, including investment research, securities selection and portfolio construction. Focused on transformative events such as mergers, litigation plays, restructurings and spin-offs, David Simon and his dedicated team of senior investment professionals have achieved consistently positive results over the years.
His annual performance track record has resulted in a number of industry recognitions, including several HFM Week US Performance Awards. In addition to four merger arbitrage awards in the past five years, he received the long/short equity HFM US Performance Award in 2016. According to HFM Week, the annual HFM US Hedge Fund Performance Awards are an evening of recognition and reward for those hedge funds and fund of hedge funds that have outperformed their peers over the past 12 months.
David Simon has a background in corporate law and attended the University of Miami School of Law graduating magna cum laude. He was a member of the school’s Law Review and practiced as a corporate attorney before transitioning to a career in finance.
Twin Capital Management LLC (“Twin”), a New York-based event-driven hedge fund firm, has appointed Daren Taubenfeld, CPA as chief financial officer. In his new role with Twin Capital, Mr. Taubenfeld will oversee the company’s accounting and financial reporting. William Wang, who previously held the post of CFO, will now concentrate on oversight of regulatory requirements and operations in his role as chief compliance officer.
Mr. Taubenfeld joined Twin Capital after more than seven years at Whippoorwill Associates as a controller. Previous posts include serving as an assistant controller for Sagamore Hill Capital Management and as a senior accountant for ING Alternative Assets.
Mr. Taubenfeld graduated from the University of Michigan with a B.B.A. in Accounting in 1995.
“Daren has an accomplished background in managing hedge fund accounting and operations. He will strengthen our back office operations and support our infrastructure as we continue to grow in size and assets,” said David Simon, Twin Capital’s founder and CEO.
Mr. Taubenfeld is the latest staff member to join Twin Capital, which has seen substantial growth since 2009. Recent hires include former employee Michael Horgan from Guggenheim Global Trading as senior vice president and Sarah Petner from Jeffries LLC as vice president.