Manager Management
Resume:
Ralph Cimmino
New York, NY 10022
Tel. 312-***-****
*************@*******.***
Summary: An accomplished Credit Market executive with extensive portfolio management experience in the trading and risk management of credit portfolios
Experience Capstone Investment Advisors New York, NY
2008-2015 Senior Portfolio Manager, Corporate Credit
•Responsible for a corporate credit trading team at a $4B Hedge Fund.
•Sole portfolio manager for $200MM notional Corporate Credit book
•Strategy focused on Fundamental, Relative Value, Capital Structure Arbitrage, and Event Driven Credit strategies.
•Primary tools include Cash Credit, Credit Derivative Indicies, Total Return Swaps, and ETF’s
•Book also utilized ETF options and CDX swaptions for hedging.
•Consistently profitable over past 7 years with an average annual return of 10.2% and a 1.4 Sharpe ratio.
•Personally built corporate bond trading effort at Capstone from its inception
•Worked with Senior Management to set up all trading, personnel, and technology infrastructure.
•Established and coordinated relationships with all corporate trading counterparties.
2006-2007 Millennium Partners, LP New York, NY
Portfolio Manager, Corporate Credit Trading
•Manager of a $300MM Tender Arbitrage Portfolio hedged with Credit Default Swaps and U.S. Treasury Futures.
•Created an innovative hedge fund trading strategy based on the statistical study of Debt Tender Offer activity.
•The strategy is a long biased, short duration, event driven approach to Corporate Credit trading.
•The Tender Arbitrage Strategy consists of a diversified portfolio of debt issues that are highly likely to be the target of Debt Tender Offers.
•Risk is managed by hedging with Credit Default Swaps and U.S Treasury Futures.
•Historical success rate of selecting tender candidates was 45%
2003-2006 JPMorgan Securites New York, NY
Managing Director, Debt Capital Markets - High Yield Liability Management
•Responsible for the Liability Management business at the #1 Global High Yield Debt and Loan underwriter.
•Helped drive the syndicated leveraged finance business by leading debt refinancing discussions with issuers.
•Lead Managed over 14 High Yield transactions in 2005 with a combined fees of over $25MM
•Worked closely with Capital Markets and Investment Banking to create innovative debt repurchase ideas.
•Helped pioneer Waterfall tender technology frequently used in the debt tender offers.
•Originally hired as Head of Liability Management for Bank One Capital Markets.
•Only senior member of debt capital markets team to be merged into JPMorgan.
2000-2003 UBS Warburg, LLC Stamford, CT
Executive Director, Debt Capital Markets - Global Head of Liability Management
•Managed a three person group responsible for all Liability Management business worldwide.
•Built the Liability Management business into a $20MM per year business.
•Executed 30 public transactions to repurchase over $25 Billion Investment Grade, High Yield, and Emerging Markets bonds.
•Executed the largest corporate exchange offer in history (Qwest, $12.9B).
•Supervised and built all financial modeling infrastructure used to determine optimal debt repurchase strategies for UBS clients.
•Created innovative products incorporating Credit Derivatives and Debt Exchange technology to help corporate clients achieve Tax and Accounting friendly debt repurchase programs.
1996-2000 Credit Suisse New York, NY
Vice President, Debt Capital Markets - Liability Management
•Senior Member of Financial Engineering/Liability Management Team
•Responsible for Debt Tender Offers, Exchanges, Consent Solicitations, and New Issue Hedging
•Personally directed over $5 billion in Liability Management transactions for corporations
•Responsible for hedging U.S Treasury risk of new bond issues
•Hedging products marketed include Interest Rate Swaps, Rate Locks and Options
•Generated $6MM in hedging P/L in 1998 as well as $8MM in Liability Management P/L.
Education Columbia Business School New York, NY
Master of Business Administration - Concentration in Derivatives Finance
Dean’s List
Wharton School, University of Pennsylvania Philadelphia, PA
Bachelor of Science in Economics- Concentration in Finance
Bachelor of Arts in English – Concentration in 20th Century Modernism
Personal Fluent in Italian. Avid skier and golfer.
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