Management Company

WILLIAM T. BRENNAN

* ****** *****, **********, ** 07748 732-***-**** *******@*******.***

SUMMARY

SENIOR INVESTMENT ANALYST with strong research oriented, analytical and managerial expertise. Develops recommendations and customized solutions by synthesizing and prioritizing data. Demonstrated ability to problem solve creatively and quickly under pressure. Possesses collaborative and partnering abilities in order to meet aggressive goals.

AREAS OF EXPERTISE: Fundamental Company Research, Industry Analysis, Portfolio Management, Financial Modeling, Asset Valuations, Bankruptcy, M&A, Legal and Documentation Analysis, Published Research.

Enhanced credit culture within a hedge fund environment by constructing a database template utilizing credit-based financial metrics. Output analyzed probability of default, recovery, and qualitative risk considerations enabling quick investment decisions.

Improved the initial investment decision-making process from 3 hours to 30 minutes by creating a regression analysis used against historical credit measures and exposure limits. Result was a powerful tool that allowed portfolio managers to expeditiously commit to primary syndications, resulting in larger allocations of new debt issuance.

Developed credit ratings criteria for senior secured leveraged bank loans by authoring a comprehensive research report that was ultimately distributed to major high yield and bank loan asset managers. This report was the foundation of an aggressive campaign to generate market share in the rating of the nascent bank loan market, and ultimately increased company revenues by an incremental $3M within three years.

Increased revenues $1M by positioning the rating agency as an ‘expert’ in the area of analyzing sports franchise financings. By initially authoring a research report on the subject, then supporting this via speaking engagements at various conferences and quotes in the Wall Street Journal and Bloomberg News, the company was able to gain the attention of the primary bankers in this industry that resulted in revenue-generating ratings mandates.

Generated investment ideas by utilizing proprietary screening tools:

Identified a 13.5% zero-coupon bond, issued by a cable television operator. Incorporating recent trading and M&A multiples, it was determined that the bonds were fully-supported by the enterprise value of the company. The bond was purchased at 73 cents on the dollar, accrued interest at 13.5% for two years when it was sold at 98.5.

Through contacts in the asset management arena, bank debt of an auto parts manufacturer under protection of Chapter 11 was identified as a possible investment. The bank debt was deemed to be ‘adequately protected’ by the Bankruptcy Court as a result of its advantageous position in the company’s capital structure and, therefore, was allowed to pay interest on that security while in Bankruptcy. Bank debt was purchased at 92 cents on the dollar, paid a cash coupon of LIBOR + 250 basis points [vs. internal funding cost of LIBOR + 40 basis points]. Paper was sold in two years at 99.5 cents on the dollar resulting in revenue generated from the trade of approximately $400K.

Recommended to portfolio manager to sell convertible bond position in a luxury condominium builder on Florida’s Gulf Coast. Decision was based on company’s inability to meet its covenant requirements pursuant to its bank credit agreement. Noting the difficulty already being experienced in the company’s market, it was concluded that the company’s banks would not permit the company to repurchase the convertible securities in August of 2008 when convert holders would be allowed to ‘put’ the bonds back to the company. Converts were trading at 98 cents on the dollar at the time of the ‘sell’ recommendation and fell to 40 cents on the dollar when the issuer sought Bankruptcy protection eighteen months later.

WILLIAM T. BRENNAN

7 Snyder Drive, Middletown, NJ 07748 732-***-**** *******@*******.***

JOB HISTORY

PRIVATE CONSULTANT, Middletown, NJ 2008 – Present

Provide early stage due diligence, financial analysis and final recommendations for multiple franchising opportunities for high net worth individual and personal investment. Ongoing management of extended family capital.

RUMSON CAPITAL, LLC, Red Bank, NJ 2003 – 2008

An investment advisory firm whose flagship fund was engaged in global convertible bond arbitrage. Founded in 1993, Rumson Capital LLC managed approximately $500M in assets at its peak in 2005.

Trading Desk Credit Analyst. Responsible for conducting fundamental credit analysis on below investment grade debt issuers for portfolio management and trade recommendations.

TRUST COMPANY OF THE WEST, New York, NY 2001 – 2003

A privately held organization offering institutional and individual investors a wide array of U.S. Equity, U.S. Fixed Income, Alternatives, and International with over 600 employees.

Vice President – Senior Loans / Bank Debt Group. Managed $700 million of bank loan assets, concentrating on the cable television, telecommunications, and chemical sectors.

FITCH RATINGS, INC., New York, NY 1997 – 2001

A $130M rater of over 1,250 insurance companies, Financial Institutions, Banks, Corporates, Loan Products, Structured Finance, Insurance, Sovereigns and Public Finance markets worldwide.

Senior Director – Loan Products Group. Managed the day-to-day operations of a $3M business unit focusing on the rating of senior secured leveraged bank loans. Other responsibilities included chairing credit committees, published research, and due diligence of asset managers. Managed a team of eight junior analysts.

W.R. GRACE & COMPANY, Boca Raton, FL 1995 - 1996

Corporate Treasury Analyst

MITSUBISHI BANK, LTD., New York, NY 1992 – 1994

Senior Associate – U.S. Corporate Banking Department

NATIONAL WESTMINISTER BANK, PLC, New York, NY 1990 – 1992

Credit Control Officer – Corporate and Institutional Banking

EDUCATION

MBA Rutgers Graduate School of Management, Newark, NJ

BS Pennsylvania State University, University Park, PA

SKILLS

Working knowledge of Bloomberg analytics and various web-based tools such as Capital IQ for idea generation and surveillance. Familiarity with web-based research portals for easy access to Wall Street research.

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