Hollis Park Partners LP, founded by T. Troy Dixon in 2013, manages a structured products fund that seeks to produce long-term returns through a combination of long and short positions in a broad range of securitized products. These products include Agency RMBS, Non-Agency RMBS, ABS, CDO's, CLO's, CMBS, equity related securities, derivatives, total return swaps and various other instruments consistent with our return objectives.
Troy Dixon, Managing Partner and Chief Investment Officer
Troy Dixon is Founder and Chief Investment Officer of Hollis Park Partners. Troy has over 20 years of trading experience within structured products. Most recently, he served as a Managing Director and Head of RMBS Trading Group at Deutsche Bank where he led a top-ranked group of 70 investment professionals. While at Deutsche Bank, Troy was also a member of the Corporate Banking & Securities Americas Executive Committee and a member of the Rates and Credit Trading Executive Committee. Troy also served on the Securities Industry and Financial Markets Association’s (SIFMA) RMBS Executive Board. Black Enterprise Magazine named Troy one of the, “Top 75 Most Powerful Blacks on Wall Street” and one of the “Most Powerful Players Under 40.” He was also named one of Investment Dealer’s Digest’s “Top 40 under 40.” Troy sits on the boards of the Apollo Theater and Boys Hope Girls Hope. He earned his B.A. from The College of the Holy Cross where he was a varsity letter winner in football and baseball and currently sits on the President’s Council.
Joseph Valentine, Portfolio Manager and Partner
Joe Valentine is a Portfolio Manager at Hollis Park Partners with a strong background in mortgage derivative securities. Joe most recently co-headed securitized products at CRT Capital and also traded the mortgage derivative book. Prior to the merger with CRT, he was a founding partner and head of Fixed Income at Braver Stern Securities Corp from 2008-2011. Before starting the institutional business at Braver Stern, Joe was a Managing Director at UBS culminating in co-heading Securitized Product trading in March 2008. He joined UBS in 2003 from Bear Stearns to trade the mortgage derivative book, and eventually co-headed both the Agency and Non-Agency CMO desks. He started his financial career at Bear Stearns where he was a Senior Managing Director running the mortgage derivative desk. Prior to entering the finance industry, Joe served as a Naval Officer in both Navy Special Ops and Surface Warfare. As a surface warfare officer, he commanded aircraft carrier battle group air defenses in Desert Shield/Desert Storm. In the special ops arena, Joe was integral in the planning of and preparation for missions and exercises for Navy Seals. He received his B.S. from the U.S. Naval Academy.
Taranjit Sabharwal, Portfolio Manager and Partner
Taranjit Sabharwal is a Portfolio Manager at Hollis Park Partners. As a Portfolio Manager he brings a unique perspective to the role, having over 15 years of trading experience across various disciplines including structured products, foreign exchange and interest rate derivatives. In his last role Taranjit was a Managing Director at Deutsche Bank where he ran the credit business within CMBS Trading. He was credited with growing the business multiplefold and was involved in monitoring and managing regulatory capital requirements associated with the business. Prior to that Taranjit was responsible for trading CLO/CDOs for Deutsche Bank and was part of the team which implemented Deutsche’s strategy to short RMBS and CDOs before the crisis. Before joining Deutsche Bank, Taranjit worked at HSBC where he held senior roles trading foreign exchange and was part of the team which spearheaded HSBC’s efforts at the liberalization of the Indian derivatives market; this involved extensive negotiations with the central bankers and other market participants in an effort to launch local currency derivative products. Taranjit holds a B.A. (Honors) in Mathematical Statistics from the University of Delhi and an MBA from the University of Chicago’s Booth School of Business.
Douglas Adelman, Managing Director, Senior Analyst
Doug Adelman is a Managing Director, Senior Analyst at Hollis Park Partners. He has over 15 years experience in structuring, trading, and software analytics across Agency and Non-Agency mortgage products. Doug was a Director and MBS Trader at Knight Capital from 2012 until 2013 and at Braver Stern from 2008 until 2011. His responsibilities included the development of loan-level, mortgage credit default models utilizing borrower pay history, HPI by zip code, and servicer performance. Equal emphasis is placed on both collateral and deal structure performance, with the loan level credit models built directly within the cash flow engine. Doug worked both as a structurer and software developer at UBS from 2001 until 2008. He received a B.S. in computer science from SUNY-New Paltz.
Glenn Morrison, Chief Operating Officer and Chief Compliance Officer
Glenn Morrison is Chief Operating Officer and Chief Compliance Officer at Hollis Park Partners. He spent the majority of his career at D. E. Shaw & Co where he ran Finance & Operations, Treasury, and Valuation, managing a group of over 50 infrastructure professionals. He also headed Product Control for Swiss Re Financial Products where he served on the Operational Risk Committee and has served as COO/CFO/CCO for several early stage ventures. Glenn earned a B.A. in economics with a concentration in mathematics from Lafayette College.
Robert Coors, Managing Director, Chief of Infrastructure
Robert Coors has over 28 years of experience in the financial services industry. Prior to becoming the Chief of Infrastructure at Hollis Park Partners, Bob worked at Apollo Global Management where he held a senior management position in the Structure Credit Group. He was responsible for structuring financing solutions across the firm’s various funds and businesses, including their CLO origination and distribution platform. Prior to Apollo, Bob was employed by Stone Tower Capital as a Senior Portfolio Manager. (Stone Tower was acquired by Apollo.) Bob’s primary focus at Stone Tower was to assist in the formation and fund management of the structured credit business, including infrastructure design (front-to-back office), portfolio management, asset financing and marketing/fund raising. Previously, Bob was with WestLB AG where he formed and managed an AA-rated credit derivatives product company. Prior thereto, Bob was a Senior Vice President at Assured Guaranty where he was responsible for overseeing the firm’s global structured credit business in both corporate and non-corporate backed assets. Prior to Assured Guaranty, Bob worked for Capital Re Corporation as a Senior Vice President. Capital Re was acquired by ACE Group and renamed Assured Guaranty. While at Capital Re, Bob was Chief Operating Officer of the reinsurance subsidiary and was responsible for the day-to-day reinsurance activities. Previously, Bob was employed at Merrill Lynch as a Vice President in the FX derivatives group and was responsible for designing option pricing models and risk metrics for the firm’s global FX book, a role he previously held at Bankers Trust. Prior to these roles, Bob was with Drexel Burnham Lambert as a quantitative analyst/programmer supporting their corporate high yield bond desk. Bob started his career at Grumman Aerospace where he was a software programmer in their aircraft design department. Bob holds a B.S. in quantitative analysis from St. John’s University and an M.B.A from Hofstra University.
Jonathan Otterman, Director of Finance
Shayan Norasteh, Managing Director, Chief Risk Officer
Harriet Habert, Managing Director, Director of Marketing
Harriet Habert is Managing Director, Director of Marketing at Hollis Park Partners. Prior to joining Hollis Park Partners, Harriet spent 7 years focused on the sales and distribution of structured products, including at UBS and KGS Alpha Capital Markets. Harriet began her career in NYC as a structured finance attorney, working almost 5 years at Skadden Arps where she represented underwriters, issuers & investors in all aspects of structured finance transactions. In January 2006 Harriet joined UBS as Director & Counsel, supporting various structured credit origination & trading desks, and shortly thereafter she made the transition within UBS out of law into structured credit sales. Harriet holds a JD from Cornell Law school and a Bachelor of Arts from Binghamton University, where she graduated with honors, and is a member of the New York State Bar Association.
Ajai Thomas, Managing Director, Head of Investor Relations and Business Development
Ajai Thomas is Managing Director, Head of Investor Relations and Business Development at Hollis Park Partners. Prior to joining Hollis Park Partners, he was Vice President of Sales at Deutsche Bank Alternative Fund Services. He was responsible for providing operational outsourcing, financing, and distribution solutions to hedge funds, fund of hedge funds, family offices, and other investors in the alternative investment community. He came to Deutsche Bank from Fortis Prime Fund Solutions where he was providing liquidity and currency hedging solutions to funds of hedge funds along with fund administration and custody services. His background also includes organizing a $4-billion-retail separately managed account distribution platform at Salomon Brothers Asset Management. Ajai started his career at Merrill Lynch & Co as a Pricing Specialist for the Securities Pricing Service group. He evaluated and provided valuation support for U.S. government securities, high yield bonds, municipal bonds, and mortgage-backed securities for subscribers of the service. He went on to start the Pricing and Corporate Actions Group at Lord Abbett & Co. He earned a B.S. in finance with a minor in accounting from St. John's University. He holds a Credit Analysis Diploma and Certificate in Financial Risk Management from New York University.
These securities are our core focus:
Collateralized Debt Obligations
Limited recourse obligations of the issuer payable solely from the underlying assets ("CDO Assets") of the issuer.
Collateralized Loan Obligations
Limited recourse obligations of the issuer payable solely from the cash flow obligations of the corporate issuer that represent the underlying assets.
Security whose income payments and, hence, value is derived from and collateralized (or "backed") by a specified pool of underlying assets.
Commercial Mortgage-Backed Securities
Mortgage-backed security backed by commercial mortgages.
Non-Agency Residential Mortgage-Backed Securities
Mortgage-backed security backed by residential mortgages without a government guarantee backing the timely payment of interest and principal.
Agency Residential Mortgage-Backed Securities
Mortgage-backed security backed by residential mortgages with a government guarantee backing the timely payment of interest and principal.
Other Structured Products
Distressed investments, high-yield securities.
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