Allan Brown

Biography

Allan A. Brown has been an Adjunct Professor of Finance at Stern since 1997, where he teaches Topics in Investments: Investing in Distressed Securities, a course he conceived and developed which is offered as an elective to second-year MBA candidates and that focuses on the legal and financial analysis of distressed and defaulted securities and companies, including portfolio management and investment strategies. The course utilizes current real-time distressed situations to illustrate the concepts and techniques of investing in this field.

Professor Brown retired in 2010 after sixteen years as an investment professional in the field of corporate bankruptcy and distressed investing. Most recently he was Partner, Portfolio Manager, and Co-head of Global Distressed Debt Trading at Concordia Advisors, LLC, a $2 billion multi-strategy hedge fund. Prior to joining Concordia in 2002, Professor Brown spent eight years at Magten Asset Management Corp, one of the pioneers of modern bankruptcy investing where he was a Managing Director. During his career, Professor Brown has been actively involved in numerous bankruptcies and reorganizations, served on official and unofficial creditor and bondholder committees, and has sat on corporate boards of a variety of companies that have successfully emerged from Chapter 11, including Muzak, Dictaphone, and BD White Birch. He currently serves on the board of Caspian Select Credit Master Fund Ltd. Before joining Magten, he spent four years as a financial consultant and prior to that was a Lecturer of Mathematics and Statistics at the University of Massachusetts at Amherst.

In addition, he has taught at Stern within the TRIUM Executive MBA and MS Risk Management programs, conducted executive seminars on distressed investing at the New York Society of Security Analysts, and has regularly spoken on the topic at various investment conferences.

Professor Brown received his MBA with Distinction from New York University and BS in Electrical Engineering from the University of Massachusetts. He is also a Chartered Financial Analyst.

In his spare time he enjoys playing the piano and guitar, painting, traveling, sailing, reading, skiing, and playing golf.

Courses Taught

• Topics in Investments: Investing in Distressed Securities (B40.3176)

Academic Background

CFA
Chartered Financial Analyst

B.A., Electrical Engineering
University of Massachusetts

M.B.A., Finance and Economics
New York University