Securities Analysis and Research Advisor
Mr. Khabbaz has 28 years of investment experience across a broad spectrum of disciplines, including leveraged buyouts, venture capital, long/short equity strategies, focused equity strategies, and dedicated short selling products.
He started his career as an analyst in the mergers and acquisitions group at Morgan Stanley. He joined Gleacher & Co. when Eric Gleacher left his position as head of mergers and acquisitions at Morgan Stanley to form his own investment banking boutique. At Gleacher & Co., he worked on a number of large corporate restructurings and worked directly for the head of the leveraged buyout group. Mr. Khabbaz subsequently joined Harris & Harris Group, a publicly traded closed-end investment company, which specialized in early stage technology and biotechnology venture capital investing. While attending the Harvard Business School, he served on the board of directors of Harris & Harris Group.
Upon graduating from business school, Mr. Khabbaz co-founded Highline Capital Management, LLC, a long/short equity hedge fund specializing in special situations and corporate restructurings and reorganizations. As co-portfolio manager, Highline Capital generated 14% annualized net returns versus 8% annual returns for the S&P 500 Index during his 8-year tenure. After Highline, Mr. Khabbaz co-founded Pierce Street Capital, LLC, a long/short equity hedge fund which focused on low net exposure portfolio strategies. From late 2002 through early 2006, Pierce Street generated cumulative returns of 46% versus 42% for the S&P 500 Index over the same period, with an average beta-adjust net exposure of 24%. After Pierce Street, he joined Ivory Investment Management, LLC, a large hedge fund based in California. At Ivory, Mr. Khabbaz was directly responsible for peak assets of $900 million.
He co-founded Silver Arrow Investment Management, LLC with Gary Brode. Mr. Khabbaz earned a bachelor’s degree in economics with honors from the University of California, Berkeley and a M.B.A. from Harvard University.