David Rich is Managing Director of the Tel Aviv Family Office Association, an organization that provides information, opportunities and investment resources to substantial families, individuals and the top advisors who serve them in the Tel Aviv region.
Mr. Rich has 20+ years of experience in the financial services industry and is currently the CEO of $15M Galilee Partners, which he launched in 2006 as a multi-strategy investment advisory firm focused on talented emerging managers in Israel. He hired and manages a team of 11 senior level traders involved in quantitative and fundamental research for a portfolio of low risk, absolute return, hedged strategies trading US equity & global commodities. In addition, he oversees research, trading operations, risk management, investor reporting and business operations. He is also experienced in providing third party sales and marketing services for Israeli-based managers, including developing unique financial trading products for global hedge funds in New York, London and Switzerland.
Earlier in his career, he worked at Frommer Capital where he researched and devised pair trading methodologies and created quantitative based strategies involving multiple asset classes with different volatility levels, hedged against each other. He also spent two years at Infinity Ventures involved in researching and generating direct investment opportunities into publicly traded companies. While there, he specialized in small-cap companies with strong balance sheets implementing expansion of business operations. Prior to that, he opened the Israeli branch of New York-based Olympia Partners.
He is a graduate of Hebrew University with graduate degrees in Economic History and Bar-Ilan University. His philanthropic endeavors include launching the Bar Ilan Environmental Society which organized nationwide clean-up programs. He is the recipient of the Erica & Ludwig Jesselsohn Academic Scholarship and currently has a NASD Series 56 license. He served in the Military-IDF Paratroop Brigade from 1993-1997.