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Gregory Sachs

CEO and Chairman at SCG Asset Management
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Gregory H. Sachs is the Founder, Chairman and Chief Executive Officer of Sachs Capital Group LP. He is also the founder and former Chairman and Chief Executive Officer of Deerfield Capital Management LLC (“Deerfield”). For over 30 years, Mr. Sachs has been a pioneer in the Asset Management industry with extensive experience partnering both in the US and abroad with “Blue Chip” financial institutions, public and private institutional investors and ultra-high-net-worth individuals (multi-billion-dollar families). Mr. Sachs received both an M.S. in Quantitative Analysis and Finance and a B.B.A. in Actuarial Science and Quantitative Analysis from the University of Wisconsin at Madison. Upon graduation in 1988, Mr. Sachs joined Chicago-based Lotsoff Capital Management as a fixed income portfolio manager. Shortly thereafter, Mr. Sachs was recruited to serve as Vice President and Trading Manager for Harris Trust and Savings Bank’s Global Fixed Income Trading Division. In this capacity, he was responsible for planning and overseeing all aspects of the Division’s activities including the development of the quantitative strategies used by the group to trade international government bonds, futures, options, and other derivatives. In 1993, Mr. Sachs founded Deerfield Capital Management with the backing of a Hong Kong based partner. In its early years, Deerfield focused solely on fixed income arbitrage and relative value trading strategies based on the identification of anomalies in global fixed income, futures, options, and derivative markets. From its initial funding of $15 million, the firm surpassed $1 Billion under management within four years. In December 2007, when Mr. Sachs sold his interest in Deerfield and retired as Chairman and CEO, Deerfield’s assets under management were approximately $17 Billion diversified across structured and hedge fund products and managed accounts. The persistent growth and success of the firm during this period is owed to Mr. Sachs’ belief in the importance of three factors: solid returns, risk management and client relations. Mr. Sachs’ success in steering Deerfield from a small fixed income hedge fund manager into one of the industry’s most respected alternative fixed income capital managers is a reflection of his energy, persistence and foresight during a period of great change. Mr. Sachs created a Fund Administration Company in the Bahamas. The Fund Administration Company managed about $2BB and Mr. Sachs sold it to the Bank of Butterfield (Bermuda) in 2004. In addition, Mr. Sachs was instrumental in creating a Bank in Gibraltar. While Mr. Sachs was at Deerfield, Deerfield was responsible for managing Deerfield Capital Corp, a publicly traded (DFR:NYSE) specialty finance company that invests in different credit related asset classes, including corporate debt instruments (e.g. bank loans, mezzanine debt, etc.) and mortgage backed securities (e.g. RMBS, whole loans, etc.). Deerfield Capital Corp had gross assets in excess of $8 billion at the time Mr. Sachs sold his interest in Deerfield. Mr. Sachs founded SCG Financial Acquisition Corp. (SCGQ:NASDAQ), a Special Purpose Acquisition Company in 2011. He raised $80 million through an initial public offering and assembled a team to assist in identifying acquisition targets. SCGQ acquired RMG Networks, Inc. and Symon Communications, Inc. in April 2013 (now named RMG Networks). RMG Networks was publicly traded (RMGN:NASDAQ) until it was taken private in September 2018. As the former Executive Chairman, Mr. Sachs played a critical role in the management of RMG Networks, positioning the company to be a global leader in technology-driven visual communication. Mr. Sachs continues to serve as a board member of RMG Networks. In addition to institutional investment experience, Mr. Sachs also has significant experience investing in a wide range of asset classes for his personal portfolio, as well as others. These asset classes have included Life Sciences, Quick Service Restaurants, Commercial and Residential Real Estate, Retail and Restaurant, Equity Trading Strategies, Managed Futures and Options, as well as a variety of other Alternative Asset Classes. Mr. Sachs was an Adjunct Professor at USC Marshall School of Business in Los Angeles, where he taught a course to second year Graduate Students in the Lloyd Greif Center for Entrepreneurial Studies. The course focused on building an Alternative Asset Management business. Mr. Sachs is happily married, is the father of three children and enjoys travel and cycling. His commitment to philanthropic causes is recognized in the S.A.C.H.S. Foundation, which has sent hundreds of underprivileged children to summer camp. In November 2001, Mr. Sachs was named in Crain’s Chicago Business’s annual “Forty Under Forty” article, which showcases Chicago’s rising business and civic stars. Mr. Sachs has been an invited speaker at numerous international conferences. Mr. Sachs continues to serve as a board member of the now private RMG Networks, Inc. He served on the Board of Trustees of Chicago’s Shedd Aquarium and was a member of the Business Executives for National Security (BENS). He is the former Vice-Chairman of the Federal Enforcement Homeland Security Foundation and a former board member of the Ann & Robert H. Lurie Children’s Hospital of Chicago Foundation, Imperial Trust Company (California), RMG Networks, Inc. (RMGN:NASDAQ), Triarc Companies (TRY:NYSE), Deerfield Capital Corp (DFR:NYSE) and the Futures Industry Association.

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  • “I’m in the camp that the Fed will begin to ease probably in the middle of 2024,” said Gregory Sachs, chief executive at SCG Asset Management. “They usually lag what everyone else is seeing.”

  • “Once they pass through our filtering system, we then have a very quantitative optimizing program which basically picks the equities that fit together nicely and are highly diversified,” Sachs said.

    The fund offers low to moderate volatility and low correlation to the broader markets, SCG said.

    The fund, which launched in 2010, was previously run by Ladenburg Thalmann & Co., but SCG took over management in 2022 with the intent of changing the investing approach. Previously, the fund invested in illiquid instruments such as non-listed REITs, business development companies, and undeveloped land funds.

    SCG dedicated the last year and a half to getting rid of those legacy assets and building the new portfolio around the structured note idea, Sachs explained.

    What hasn’t changed is the wrapper: The Alternative Strategies Income Fund is still an “interval fund,” a type of closed-end fund that sometimes buys back investors’ shares. SCG kept this vehicle because it allows the managers to handle the complexities of note selection, Sachs said.

    Historically, when investors wanted to put money in structured notes linked to single stocks, they did not know ideally which ones to invest in, and single stock notes could implode, putting the investor at risk, Sachs said.

  • “The fund is well-suited for a diversified, income-generating alternative asset allocation in an investor-friendly 1940 Act structure that trades at NAV with the efficiency and transparency of a single ticker symbol,” said Sachs, who founded Deerfield in 1993 and grew the firm to $17 billion in assets under management while acting as chairman and CEO over the next 14 years.

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