Hollis Park Partners, a global structured products investment management firm, has formed a strategic partnership with alternative investment manager GCM Grosvenor.
Hollis Park, which will invest in a diverse range of structured products around the globe, launches with significant investment capital from GCM Grosvenor and other institutional investors.
"We believe today's environment presents attractive and rapidly changing opportunities across a wide spectrum of structured products including Agency and Non-Agency mortgage-backed securities, CLOs, CMBS and asset-backed securities, and we will seek to dynamically allocate capital across a number of strategies," says Troy Dixon, Chief Investment Officer and Managing Partner of Hollis Park. "We are proud to partner with GCM Grosvenor, and our seasoned investment team looks forward to capitalising on these opportunities for our clients."
Dixon brings more than 20 years of structured products investing experience to his position at Hollis Park. Prior to founding the firm, Dixon was Managing Director and Head of the Residential Mortgage-Backed Securities Trading Group and Co-Head of Securitised Products at Deutsche Bank, where he led a group of 70 investment professionals. While at Deutsche Bank, Dixon served on the Corporate Banking and Securities Americas Executive Committee and the Rates and Credit Trading Executive Committee. Previously, Dixon served as Head of Pass-Through Trading at both UBS and Credit Suisse.
Hollis Park's investment team also includes Joseph Valentine and Taranjit Sabharwal, who are both Partners of the firm, and Douglas Adelman, who is the Senior Analyst. Most recently, Valentine was Co-Head of Securitised Products at CRT Capital. Sabharwal was previously a Managing Director at Deutsche Bank, where he ran the credit business within commercial mortgage-backed securities (CMBS) trading and traded other Non-Agency products, including collateralised loan obligations (CLOs). There are six other professionals supporting the Hollis Park business.