John Devaney

Raised in Florida, he attended Tallahassee Community College before transferring to Colorado State University.⁠[1]

He graduated from Colorado State University with a Bachelor of Arts, double-majoring in business finance and English.⁠[2][1]

He worked at Capital International, moved to Suncoast Capital in 1995, and later returned to establish an asset-backed securities desk.⁠[1]

He founded United Capital Markets (UCM), providing secondary trading and liquidity in structured-finance bonds after the Long-Term Capital Management crisis.⁠[2][1]

UCM’s community reinvestment program supported organizations including Boys & Girls Clubs of Broward County, the Key Biscayne Community Foundation and Lotus House.⁠[3]

He established United Capital Asset Management, initially operating two distressed-debt portfolios as a fee-based management business.⁠[1]

A later court opinion recorded that the Horizon funds suspended redemptions on this date amid deterioration in mortgage-related securities markets.⁠[4]

Contemporary reporting said Horizon failed to meet a Deutsche Bank margin call, leading to collateral sales and liquidation. In an investor letter, Devaney said survival and recoveries depended on lenders maintaining their relationships with the funds.⁠[5]

UCM states that it continued trading private-label residential mortgage-backed securities and providing liquidity for bond liquidations after the crisis.⁠[2]

Aris investors asserted civil claims over approximately $5.13 million invested. The court dismissed several negligence and fiduciary-duty claims but allowed the fraud claim to proceed; this was not a final finding of fraud.⁠[4]

New York’s Appellate Division recorded withdrawal of the appeal from that order under the parties’ stipulation. It disclosed no damages amount or merits determination.⁠[6]

According to UCM, he focused during the pandemic on distressed, illiquid commercial mortgage-backed securities.⁠[2]

At an industry conference, he warned that weaker shopping malls faced refinancing difficulties and described the firm’s review of individual mortgages.⁠[7]

His website dates the founding of Manor House Films to 2024. He invested in and promoted City of Dreams, which addresses trafficking and forced labor.⁠[8][9]

Manor House Films announced that he funded a $1 million City of Dreams ticket initiative with iHeart Media for nonprofits, survivors and other audiences.⁠[9]

In a LEADERS interview, he described using films to prompt discussion of social issues and credited his English studies and writing skills with helping his early finance career.⁠[10]

School of Hard Knocks Podcast released a 47-minute interview covering crisis losses, renewed trading and film investment. The loss and return figures in its description form part of the interview narrative.⁠[11]

A December 11 company announcement described an art, film and creator event with N3ON and the studio he operates with his daughter Corinne. It also listed The Prince as planned for 2026.⁠[12]

Miami New Times reported that he listed a Key Biscayne property, bought in 2003 and used in Scarface, for $237 million. The figure was an asking price.⁠[13]

Public biographies identify his wife as Selene and state that they have three children. He also serves as CEO of United Real Estate Ventures and enjoys music, art, boating and spearfishing.⁠[9][8]

His website, https://thejohndevaney.com/ (opens in a new window), links to X at https://x.com/Devaney70John (opens in a new window), Instagram at https://www.instagram.com/john_devaney/ (opens in a new window) and LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry at https://www.linkedin.com/in/john-devaney-3055a225/ (opens in a new window).⁠[8][9]