In the wake of the collapse of Greenstone Financial Services, the former CEO of the hedge fund founded by billionaire investor David Greenstone has resigned.
The former CEO, David J. Greenstone, resigned on Wednesday, according to the company.
In a statement provided to the Washington Examiner, Greenstone said, “It was clear that the company did not have the appropriate culture to support its current and long-term success.
I want to sincerely thank the Greenstone team for all of their hard work and dedication over the past two years.
I also wish to thank the board of directors for the tremendous support they have shown me over the years.”
Greenstone Financials collapse in November left it with $18 billion in assets, including $1.6 billion in the bank account.
The firm was based in Austin, Texas, where it held a minority stake in Greenstone Capital Management.
Its previous chief executive, John C. Green, also left the firm in October to join a new hedge fund.
The Austin-based firm’s assets have shrunk since its inception, as a result of the fallout from the collapse.
Greenstone was one of the world’s largest hedge funds and was the subject of a Bloomberg Businessweek profile in 2016.
In addition to Greenstone managing director, its board of trustees included John Cramer, the CEO of Elliott Management.
Greenstein Capital Management, which was founded in 1996 and is managed by David Green, had a stake in several hedge funds in the United States.
The firm’s main focus was on high-quality capital, as well as managing the firm’s portfolio of private equity, corporate bonds and other investment products.
It also owned a majority stake in New York hedge fund CitiGroup.
Greenston was founded by David J Greenstone in Austin in 1996, with $1 billion in holdings.
In 2016, the firm reported $1,700 million in assets.
It’s also the subject, in a Bloomberg article published in 2017, of a story in which the former Greenstone executive told a Bloomberg reporter that he and his wife had invested $1 million in the firm.
Greenstreet Capital Management was founded last year by Greenstone.
Its main focus is high-performance management.
GreenStreet is a private equity fund based in Chicago, and Greenstreet Capital manages Greenstone Investment Management.
The fund’s portfolio is invested in corporate bonds, equities and fixed income securities.
The company has no operations in the U.S.