Frank Brosens

8 statements across 1 episodes · 4 bullish · 1 bearish · 1 people on the record · first statement Nov 21, 2022 by Frank Brosens · said 6 times in 2 episodes since 2019 · across every show →

On the record as a speaker too: Frank Brosens's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Chris and Rob Michalik (5), David Zorub (1)

tap a year for its mentions
003151201920202021202220232024episodesmentions
011201920202021202220232024episodes it came up in
002.50.551201920202021202220232024episodesmentions per episode

every mention, scene by scene, with the transcript →

Everything said about Frank Brosens, oldest first

Nov 21, 2022
Disclosure
Brosens: Taconic has 15% in risk arb, with 5% in one deal
“Right now, it's 15% of our book, and five percent is in one deal. You couldn't conceivably have that kind of exposure if you had a merger or a book on its own.”
Frank Brosens Nov 21, 2022 ▶ 45:56 Frank Brosens – Culture and Partnership at Taconic Capital (Capital Allocators, EP.282)
Nov 21, 2022 bearish
Prediction Not checkable as stated
Brosens: Markets will not return to excess Fed liquidity after inflation subsides
“I personally don't think that we're going to be heading into a period of excess liquidity for quite some time. I think the expectations that once inflation's under control, we're going to go back to the Fed as it was before, I think is less likely to be the ca…”
Frank Brosens Nov 21, 2022 ▶ 44:02 Frank Brosens – Culture and Partnership at Taconic Capital (Capital Allocators, EP.282)
Nov 21, 2022 positive
Insight
Brosens: Mid-career family sabbaticals operate as a 'career in reverse'
“I thought of it effectively as a career in reverse. Retiring and spending time with your family when they wanted to spend time with you with a view that I'd eventually go back into work and potentially try and find something that I would do forever.”
Frank Brosens Nov 21, 2022 ▶ 24:09 Frank Brosens – Culture and Partnership at Taconic Capital (Capital Allocators, EP.282)
Nov 21, 2022 positive
Disclosure
Brosens: Taconic founders capped equity below 20% and zero out upon retirement
“Neither Ken nor I really right from the start took as much as 20% of the economics. There was a large percentage of economics available for the people that really drove the profitability. In addition, they knew that when Ken and I eventually retired, our econo…”
Frank Brosens Nov 21, 2022 ▶ 31:17 Frank Brosens – Culture and Partnership at Taconic Capital (Capital Allocators, EP.282)
Nov 21, 2022
Assertion Not checkable as stated
Brosens: Goldman risk arb grew to nearly $1B in capital by 1987
“I think we had a couple hundred million dollars worth of risk at the time when we started. It grew so that by the time I started running the area in early 87, we were running close to a billion dollars worth of capital.”
Frank Brosens Nov 21, 2022 ▶ 13:32 Frank Brosens – Culture and Partnership at Taconic Capital (Capital Allocators, EP.282)
Nov 21, 2022 neutral
Assertion Not checkable as stated
Brosens: Goldman risk arb lost 4% ($40M) in 1987 crash with 70% cash
“We came into about 70% cash. We were down four. We had a number of hedges in place. So Not unreasonable, but four percent of a billion dollars was 40,000,040 million to the partners was a very large loss.”
Frank Brosens Nov 21, 2022 ▶ 17:07 Frank Brosens – Culture and Partnership at Taconic Capital (Capital Allocators, EP.282)
Nov 21, 2022 positive
Insight
Brosens: Managing partner capital drives tighter risk discipline than upside-only fees
“The second aspect of it, and I think this was really important and something that we tried to Bring to Taconic was the fact that at Goldman, it was the partner's capital. It wasn't other people's money. And that drove a very different philosophy with respect t…”
Frank Brosens Nov 21, 2022 ▶ 15:47 Frank Brosens – Culture and Partnership at Taconic Capital (Capital Allocators, EP.282)
Nov 21, 2022 positive
Insight
Brosens: Robert Rubin's investment philosophy centered on managing uncertainty and downside risk
“Bob's philosophy was one of uncertainty. He wrote a book on it where you couldn't know things for sure. You had to know what could go wrong. You had to estimate the probability of that thing going wrong and effectively being humble about your confidence level …”
Frank Brosens Nov 21, 2022 ▶ 15:28 Frank Brosens – Culture and Partnership at Taconic Capital (Capital Allocators, EP.282)
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 700 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.