Expert Details
Finance
ID: 733951
New York, USA
Expert has accrued extensive experience with hedging, and VAR calculation.
Expert possesses extensive experience with Portfolio Management.
Expert has worked at two of the world's largest hedge funds: AQR and Bridgewater Associates.
He has evaluated commissions for over 1,000 hedge funds.
Expert has extensive experience evaluating Third Party Hedge Fund databases.
Expert has experience with 20+ big data firms. He has been responsible for purchasing and evaluating big data.
Recently Complete Consulting Projects: Hedge Fund Investment Process, Hedging and Risk Management, Trading and Risk Management Systems, Online Legal, Commodity Trading and Risk Management Systems, Blockchain Technology, Bitcoin, Cryptocurrencies.
Trading and Risk Management System (TRMS) | Market Overview
Third Party Database and Investment Consultants
Alternative Data Sources
Asset Management Data and Analytics
Market Research/Information Services
EU Hedge Funds | Portfolio Management and Derivatives
FX Trading | OTC Options vs. Futures Markets
Data Acquisition - Buy Side
Education
| Year | Degree | Subject | Institution |
|---|---|---|---|
| Year: 2000 | Degree: BA | Subject: Economics and Finance | Institution: Yeshiva University |
Work History
| Years | Employer | Title | Department |
|---|---|---|---|
| Years: 2016 to Present | Employer: Undisclosed | Title: Partner and Portfolio Manager | Department: Portfolio Management |
Responsibilities:Responsible for portfolio management, risk, vendor selection, and budget forecasting.• Launched CFTC registered and KPMG audited hedge fund, commenced trading January 2017. • Generated 2017 returns of 18.02% for futures only “Pure CTA” program and 12.33% for futures and equity based comingled fund. Top decile performer in peer to peer comparison of commodity funds. • Source alpha within the industrial commodities complex from both alternative data and differentiated network. Established comprehensive risk and alerts system to constantly monitor positions. • Led over 200 investor meetings and calls; built comprehensive investor database. Raised over $19 million from high net worth, family office, and fund of funds allocators. Draft monthly investor letters with double digit engagement rates. Negotiated general partnership sale to private equity investor. • Featured speaker at industry conferences; content contributor to print articles, blogs, and podcasts. |
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| Years | Employer | Title | Department |
| Years: 2015 to 2016 | Employer: Guggenheim Partners | Title: Head, Electronic and Portfolio Trading | Department: Sales and Trading |
Responsibilities:Developed Equity Smart Order Router that outperforms peers by 5.15 Basis Points or 1.55 cents per share.Designed and implemented multi-factor model to forecast additions and deletions from the S&P500 Index. Manage Electronic and Portfolio Trading relationships across Hedge Funds and Real Money accounts; responsible for multiple million dollar annual revenue stream. Formulaically modeled anticipated customer revenues, and valued aggregated customer research consumption to forecast future earnings. |
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| Years | Employer | Title | Department |
| Years: 2012 to 2015 | Employer: AQR Capital Management | Title: Head, European Markets Trading | Department: Trading |
Responsibilities:Hired, managed, and mentored team of traders covering Commodities, Foreign Exchange, Interest Rate Swaps, TIPS, Sovereign Debt, London Metals, Futures, Equities, Equity Synthetics, and Options. Traded volumes exceeding 2 billion dollars per day.Discretionarily managed rolling of 90+ billion dollars of commodity futures, index futures, and FX within all major financial markets. Supervised business allocation and rolls for AQR’s multi-billion dollar Commodity and Commodity Swap Portfolios. Select member of weekly Proprietary Strategies Working Group. Participant in AQR Management Training Classes, Trading Education Committee, and Deep Dive Sessions covering specific model factors. Presented AQR’s trading methodology to current and prospective clients. Delivered internal updates to Founding Partners and Firm-wide Risk Committee during special situations. Developed systematic Emerging FX execution strategy which saved 14 million USD annually and added 4 bps of excess return to AQR’s core hedge fund products. Top 10% ranking in firm-wide 360 degree midyear and annual reviews. Steady promotion from Trading Associate to Vice President to Desk Manager. |
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| Years | Employer | Title | Department |
| Years: 2010 to 2011 | Employer: Spectra Investment Group | Title: Investment Manager | Department: Investment Management |
Responsibilities:Developed, back-tested, and implemented investment ideas within the Event Driven Space including Index Adjustments, Binary Events, Abnormal Dividends, Spin-offs, Exchange Offers, Rights Offers, Tender Offers, Mandatory Convertible Preferred Shares, Japanese Stock Buy-Backs, Pension Fund Rebalances, and Warrant Exchanges.Researched and Invested in both Long and Short Value Based Investment ideas Entrusted with own book six months after joining the firm. Discovered and implemented short term trading strategy with 81% hit rate in forecasting market direction. Analyzed and participated in Risk Arbitrage deals with antitrust risk, excessive securities lending cost, elections, contingent value rights and payments, and optionality. Managed securities selection process, research, and trading for IPO and Secondary syndicate book. Developed factor based monitoring system to alert for investment opportunities. Evaluated and presented investment ideas to fund owner. Attended investment conferences, ideas dinners, and shareholder meetings. Interviewed programmers; supervised automation of manual trading strategies into stand-alone algorithms. Discovered and integrated new execution systems to facilitate trading option volatility, special situations, paired equities, and risk arbitrage. Cultivated broker relationships; formulaically tracked and allocated commissions to compensate for ideas, research, and syndicate. |
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| Years | Employer | Title | Department |
| Years: 2009 to 2010 | Employer: GFI Group | Title: Senior Vice President | Department: Sales and Trading |
Responsibilities:Managed $25 million of proprietary capital; made markets in global ETFs; traded domestic and international equities, ADRs, equity derivatives, foreign exchange, and futures.Established, developed, and monetized client relationships across the hedge fund, mutual fund, investment bank, and registered investment advisor spectrum. Built and designed trading desk from scratch; managed order management and program trading system selection process; meticulously monitored desk budget to maximize profit retention. Supervised and mentored junior employees; provided timely feedback to assist in their career development. |
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| Years | Employer | Title | Department |
| Years: 2007 to 2009 | Employer: Bridgewater Associates | Title: Senior Trader | Department: Trading |
Responsibilities:Traded and evaluated interest rate, energy, agricultural, LME, and foreign exchange based futures and options. Priced all major FX pairs (spot and forwards) and NDFs; Experienced with major FX trading platforms including FXAll and Currenex.Traded global inflation Linked Bonds and Emerging Market Debt. Utilized interest rate futures and options to hedge risk-free interest rate component. Managed short-term cash requirements for Australian client accounts via purchase and sale of Australian Semi-Government and Commercial Paper instruments. Developed automated system to manage global trading for Bridgewater’s 8 billion dollar long/short Equity portfolio; traded over 150 million dollars daily. Generated considerable profit via strategy improvements including optimized roll scheduling, liquidity mapping, block trading, packaging options with futures, and index basis trading. 360 degree review rank as #1 Equity trader and #2 Futures trader. Evaluated as top trainer/mentor to new traders. Awarded “Most Creative” at annual department awards meeting. Select participant in Bridgewater’s Market Mechanics Class. Cultivated broker relationships at all major investment banks and clearing houses; conducted successful commission negotiations. |
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| Years | Employer | Title | Department |
| Years: 2000 to 2007 | Employer: Goldman, Sachs, & Co., Equity Derivatives | Title: Senior Trader | Department: |
Responsibilities:Traded ETF and Options arbitrage strategies for a business that at its peek generated over 200 million USD annually in revenue.Responsible for ETF positions valued at over nine hundred million dollars. Frequent weekly top ten index arbitrageur. Generated significant desk profit via proprietary trading of term based equity loan obligations. Calculated fair value, reconstructed, and rebalanced over 150 indexes based on forecasted corporate actions, index changes, spinoffs, splits, mergers and acquisitions, equity delistings, and dividends. Coordinated NDX options operation on the CBOE; supervised hedging operation and designed models to highlight cross month and product volatility arbitrage. Traded Global Indices (WEBS); exploited global volatility arbitrage utilizing Japan Index Options, SIMEX Nikkei 225 Options, CME Nikkei 225 Futures, and SIMEX Nikkei 225 Futures. |
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International Experience
| Years | Country / Region | Summary |
|---|---|---|
| Years: 2012 to 2015 | Country / Region: Europe | Summary: Head of European Trading at AQR Capital Management |
Career Accomplishments
| Licenses / Certifications |
|---|
| Series 3,7,24,55,63 |
| Professional Appointments |
|---|
| Featured "keynote" panelist at FX Week's 14th annual FX Week USA Conference Presented on "Vision and Reality of Execution Quality" at Risk.net Investment Conference Featured "all star" panelist at TradeTech FX's Miami Conference |
| Awards / Recognition |
|---|
| Max Stern Distinguished Scholar AQR: Top 10% ranking in firm-wide 360 degree midyear and annual reviews. Steady promotion from Trading Associate to Vice President to Desk Manager. Bridgewater: 360 degree review rank as #1 Equity trader and #2 Futures trader. Evaluated as top trainer/mentor to new traders. Awarded “Most Creative” at annual department awards meeting. Select participant in Bridgewater’s Market Mechanics Class. |
Additional Experience
| Expert Witness Experience |
|---|
| He is interested in leveraging his significant subject matter knowledge for Expert Witness work. Client has extensive experience with depositions, and his direct testimony has led to charges being dropped against litigants. Expert has been involved with cases prosecuted by both the SEC and FINRA. |
| Vendor Selection |
|---|
| He has extensive experience in vendor evaluation across all major financial asset classes. |
| Marketing Experience |
|---|
| Expert has had direct interaction with over 1,000 buy-side and sell-side Financial Institutions while at Goldman Sachs and at Guggenheim Partners. |