Skip to main content

Galleon Group Co-Founder Went From The Hedge Fund Capital Of The World To The Cutting Horse Capital Of The World And God Damnit, It's Not About The Money Anymore

  • Author:
  • Updated:

Mr. Rosenbach was never charged with any wrongdoing. He resigned from Galleon just months before prosecutors Mr. Rajaratnam’s arrest, citing family health reasons. He briefly made news in early 2011 with reports that he was starting his own firm, but it never materialized and he all but disappeared from Wall Street. Mr. Rosenbach has finally resurfaced, in Texas, as an accomplished amateur “cutter,” a sport in which horseback riders separate one calf from the cattle herd. Earlier this month, in Fort Worth, he won the National Cutting Horse Association Super Stakes Derby Amateur Championship aboard his horse, a mare, Scooters Daisy Dukes. After the competition, Mr. Rosenbach was interviewed in a video featured on YouTube. According to the clip, Mr. Rosenbach, a New York native and graduate of Queens College, owns the Rose Valley Ranch in Weatherford, Tex., a town about an hour east of Dallas that calls itself “the cutting horse capital of the world.” The amateur competition earlier this month earned Mr. Rosenbach — who made tens of millions of dollars at Galleon — about $5,138 in prize money. “You won a little more than $5,000,” the reporter said. “This win, for you, means what?” “You know I don’t want to sound terrible, it wasn’t about the money,” said Mr. Rosenbach, wearing a cowboy hat, “it’s about the buckle, it’s about the saddle, it’s about the exciting feeling, the adrenaline rush of when you finish and you put your hand down and you’re done cutting.” [Dealbook]