Events & Calendars “Debt, Money, Gold and Bitcoin” – An Introduction to Fixed Income as an Asset Class and Thoughts on Blockchain Technology

Whether pursuing a career in finance or just interested in understanding the financial markets, the difference between stocks and bonds and the intricacies of investing, this is a fantastic opportunity to learn from an alumnus who has had extensive experience as a sell-side trader and a buy-side investor – including a front row seat at Goldman Sachs during the 2008-2009 subprime mortgage crisis. Please join David Rosenblum ’92 as he provides an introduction to fixed income as an asset class. Learn about debt, bonds, loans and leverage. Learn the difference between the U.S. Treasury and the Federal Reserve. Mr. Rosenblum will discuss some of the characteristics of the vast fixed income asset class and its importance to companies, capital markets and the economy at large. As an added bonus, he will discuss Bitcoin and crypto currency craze – and the potential impact on the world of blockchain technology in the years to come.

Mr. Rosenblum recommends reading Bond Markets, Analysis and Strategies, 9th Edition by Frank J. Fabozzi, EDHEC Business School and The Internet of Money, Volumes 1 and 2 by Andreas M. Antonopoulos.

David Rosenblum joined Prophet Capital as a partner in 2009. Mr. Rosenblum began his career at Goldman Sachs as a junior trader in the mortgage department in 1992. For the next fifteen years, he structured and traded a wide variety of Mortgage-Backed Securities (MBS). In 2005, Mr. Rosenblum was named head of Prime Residential Structured Mortgage Trading, with responsibility for the Agency CMO, Mortgage Derivatives and Non-Agency Residential Mortgage-Backed Securities (RMBS) businesses. In 2006, Mr. Rosenblum changed roles to head up the Collateralized Loan Obligation (CLO) group. In early 2008, after two years running Goldman’s CLO business, Mr. Rosenblum left the securities division to join Goldman Sachs Asset Management (GSAM) as head of Structured Credit Portfolio Management. In this role, he built portfolios of distressed RMBS, Commercial Mortgage-Backed Securities (CMBS) and CLO securities. In December 2008, Mr. Rosenblum was additionally asked to be the sole GSAM professional dedicated to help implement and manage the U.S. Federal Reserve’s $1.25 trillion Agency MBS Mortgage Purchase Program. He continued in both of these roles until his departure from GSAM in June 2009. Mr. Rosenblum earned a B.A. in mathematics, summa cum laude, from Amherst College in 1992.