The 2014 Hedge Fund Rising Stars: Eli Combs
In 2012 Combs founded hedge fund firm MeehanCombs, backed by BlackRock, with former colleague Matthew Meehan.
He might live in Rowayton, Connecticut, and work in
Greenwich, but Eli Combs isnt your cookie-cutter hedge
fund manager. For starters, hes a vegetarian. Ohio native
Combs, 43, graduated from Miami University with a liberal arts
degree before earning an MS in finance from City University of
New York and an MBA from Yale University. In 2001 he became a
private banker with Goldman Sachs Group in New York. Over the
following decade Combs and his family settled in Carroll
Gardens, Brooklyn, as he moved into hedge fund management. In
April 2012, with seed capital from asset manager BlackRock,
he and Matthew Meehan, a former colleague from New York hedge
fund Eos Partners, launched MeehanCombs, a Greenwich-based
hedge fund that manages just shy of $300 million and focuses on
credit and distressed investing. Its important to Combs
and Meehan that their firm be not only best-in-class when it
comes to investment performance but a model of good governance.
They have sought to establish best practices, appointing mostly
independent directors to its board and better aligning the
interests of fund managers and investors.