Cross Shore Capital Management

David T. Brown, the founder and Chief Investment Officer, runs investment decisions. Brown previously spent roughly a decade at Paulson & Co., most recently as a managing director focused on event-driven and credit strategies, before launching Cross Shore in 2013. The firm operates a lean team from a single New York office, with Brown as the central portfolio decision-maker.

Cross Shore is structured as a registered investment advisor, not a traditional hedge fund limited partnership. This subjects the firm to SEC custody and compliance rules, including daily valuation and independent custody, which exceed the regulatory obligations of most hedge fund structures. For institutional allocators with governance restrictions on unregistered vehicles, the RIA wrapper eliminates a common procedural barrier.

The firm runs a multi-strategy liquid-alternatives fund covering merger arbitrage, convertible-bond arbitrage, and event-driven credit including stressed and distressed corporate situations. The strategy is fundamentally long-biased with selective short hedging, focused on mid-cap deal complexity across North America and Europe. The fund does not layer on systematic macro or quantitative market-neutral books.

Yes, Cross Shore maintains a separately managed account capability. This allows institutional investors to gain customized exposure to the firm's event-driven strategy without entering a commingled fund vehicle. The SMA structure, combined with the firm's RIA registration, gives large allocators additional governance and customization levers.

David T. Brown spent approximately nine years at Paulson & Co., the macro and event-driven hedge fund firm founded by John Paulson, where he rose to managing director. At Paulson, Brown worked on event-driven and credit strategies during a period that included the firm's widely reported mortgage-short trades and subsequent distressed-credit investing. He left in 2013 to found Cross Shore as an independent RIA.

Brown's sourcing model relies on the legal and structural complexity of mid-cap event situations, where specialized analysis of merger agreements, bond indentures, and bankruptcy proceedings can identify mispriced outcomes. The firm's lean team and single-office structure concentrate research effort on deal-specific catalysts rather than broad market themes, a posture consistent with the event-driven niche Brown practiced at Paulson.

No. Cross Shore is a professional asset management firm, not a family office. Brown's capital base comes from his career as an event-driven investor, not from family wealth or a single-family backing. The firm manages external institutional and high-net-worth capital through its RIA structure.