Aaron Young, CFA, CAIA
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Professional Experience
K2 Advisors, LLC
Stamford, CT
Vice President: Quantitative Hedge Fund Analyst
March 2008 - January 2011
. Researched, analyzed and quantified over $9.7 billion of various risk and
exposure data from 3rd party risk providers as well as through internal
risk systems.
. Conducted risk due diligence on potential and current hedge fund
investments, working closely with Operational Due Diligence, Legal and
Research teams.
. Developed and monitored internal, external and fund manager imposed
portfolio risk guidelines and both report and make suggestions as
appropriate to K2's Risk Guideline and Allocation Committees.
. Assessed the risk and business viability of different long short, low
volatility, and alternative strategy managers who had either instituted
gates, were liquidating, facing redemption pressure or who were
restructuring in any way.
. Helped monitor the portfolios of hedge funds in which K2 was invested,
watching for and quantifying exposure breaches, market and liquidity
risks, concentration risk, style drift, and indications of excessive risk-
taking.
. Supported the firm's marketing efforts to institutional investors and
consultants, both through direct interactions as well as indirectly by
acting as a liaison between the firm's research & risk groups and its
marketing & client service groups.
. Assisted with the construction of multi-manager portfolios.
Bear Stearns Asset Management: Bear Measurisk
New York, NY
Vice President: Quantitative Hedge Fund Analyst
Dec 2005 - Feb 2008
. Managed risk results of over $30 billion from a major US endowment across
their long only, managed accounts, and alternative assets. This
accounted for over 270% revenue growth over the course of fiscal year
2007.
. Maintained key relationships with risk managers, portfolio managers,
analysts and investor relations personnel at FoHF's, pension funds,
endowments, hedge funds, consultants and other institutional investors.
. Served as a risk management liaison between investor relations and
portfolio managers at hedge funds and their investors, our clients,
communicating results and ensuring numbers are correct.
. Assisted clients in understanding risk transparency through VaR, RVaR,
Marginal VaR, CVaR, leverage, diversification benefits, correlations,
beta's, skewness, kurtosis, stress testing and risk factor sensitivities.
. Researched and quantified various risk and exposure numbers on a market
value and notional basis, placing these results on a dynamic web based
application for our clients.
. Processed, massaged data, and gathered attributes needed for monthly
position files to be placed through a Monte Carlo simulation. Strategies
include market directional, global macro, corporate restructuring,
convergence trading and opportunistic hedge funds.
. Focused efforts on the long/short equity space where the platform is best
suited. Analysis included style drift from market-cap and sector
rotation, as well as looking into leverage, liquidity and concentration
changes.
. Presented portfolio risks and provided recommendations related to
portfolio construction, volatility, liquidity, capital allocations,
position sizing, hedging and the use of derivatives for return
enhancement.
Bloomberg, L.P.
New York, NY
Senior Relationship Manager
June 2005 - Dec 2005
. Managed over $20MM in annual revenue from Merrill Lynch's institutional
accounts in NYC to their retail offices.
. Built relationships with over 1,500 users from both the Equity and Fixed
Income trading floors at Merrill Lynch.
. Supported fixed income, fixed income derivatives, credit derivatives and
research departments as a specialist offering training and seminars to
the current client base as well as potential clients.
. Identified/exploited growth opportunities by a complete understanding of
financial markets and clients needs.
Specialist/Consultant: Fixed Income/Equity Markets
August 2003 - June 2005
. Leader of Fixed Income Specialist Team and Equity Specialist member.
Specialized in valuation of fixed income securities such as cash, credit,
credit derivatives and mortgages while focusing on spread and credit
analysis.
. Created financial models allowing clients to utilize my expertise OAS
analysis, asset swap spread and credit default swaps. Proficient in
Black-Scholes pricing, dividend discount and earning growth models.
. Employed risk and hedge analytics on client's portfolios to ensure
minimized exposure and evaluate potential impacts under shock analysis
environments. Statistical tools include multiple regression, time
series, Monte Carlo, and Altman's Z-Score which helped in a 20 terminal
sale bringing in more than $700M in revenues.
. Developed and executed sales campaigns regarding new analytics by
providing seminars and one on one in-depth meeting's with our current
client base increasing dependency by over 20%.
Electronic Risks Consultants, Inc.
New York, NY
Account Manager
September 2002
- August 2003
. Managed current accounts while locating prospects through cold calling
and networking.
. Developed marketing techniques and built database of prospects while
ensuring sales in new markets.
. Seek out key decision makers to interact with, establish rapport with
potential clients and pursue closure.
Education
Bachelor Degree in Business Administration
University of New Hampshire, Durham, NH
Whittemore School of Business and Economics, - Dean's List
Major: Business Administration Graduated "Cum Laude"
Credentials / Affiliations
Chartered Financial Analyst
Chartered Alternative Investment Analyst
Technology
. Bloomberg Professional, MS Office, Visual Basic Application Programming
(basic), Pertrac, RiskMetrics, Measurisk, Matlab, SQL and Perl.
Interests
. Volunteer at Special Olympics held at the University of New Hampshire
1998 - 1999 and 1999-2000.
. Traveling and exploring foreign countries. Travels have included: Canada,
Mexico, St. Lucia, Ireland, Scotland, England, France, Spain, Portugal,
Italy, Switzerland, Germany, Czech Republic, and Denmark.
. University of New Hampshire Lacrosse 2000(2002, Club Hockey 2000(2001
. Fishing, Hockey, Lacrosse, Snowmobiling and Hiking.