Investment Management
Resume:
RICHARD TORRES
Key Biscayne, FL 33149
*******@*****.***
EXPERIENCE
INVESTMENT PLACEMENT GROUP Miami, FL
Managing Director & Member of Investment Committee
• Responsible for overseeing institutional focused credit strategies totaling $4 billion in assets.
• Investment research, policy analysis and presentation for institutional investor clients.
• Individual credit research of high yield, investment grade and distressed issuers as well as macro analysis to develop global investing framework for asset allocation.
• Successfully completed Global Investment Performance Standards (GIPS) audit on firms 10 year credit strategy track record for institutional client compliance standards.
2013 – Present
UNIVERSITY OF MIAMI Miami, FL
Adjunct Professor, Investment and Security Markets
• Investment and Security Markets course introduces students to both practical and theoretical aspects of investment with an emphasis on financial markets and single name equity analysis. Topics include valuation of financial securities such as stocks, bonds and options, modern portfolio theory, and the process and institutional characteristics of investing.
2013 - 2018
BISCAYNE AMERICAS ADVISERS / BA FORTALEZA FUND Miami, FL
Senior Portfolio Manager – Multi-asset & Equity Research
• Oversee Equity, IG, HY & EM credit & macro trading and research including LatAm, Middle East, Eastern Europe & Asia for $1 billion global investment advisor.
• PM and investment research for Fortaleza Fund ranked #2 Macro fund by Barclay Hedge in 2015 and among top ten global macro funds for performance by Prequin in 2014
• Successfully targeted prospective international clients while developing and implementing investment policies for family offices, HNW individuals and public and private institutions.
• Single name equity research & analysis as well as in depth ETF coverage for portfolios.
• Excellent executive level presentation and relationship building communication skills that reflect an ability to synthesize large and complex amounts of information for prospective clients who included both sophisticated and non-sophisticated investors. FORTALEZA FUND
Principal, Global Macro Fund (family office)
• Founded and developed global macro Long/Short strategy that has performed in the top percentile of its peers since inception.
• Responsible for the single security analysis in the long/short equity, HY/distressed credit, f/x, commodities and private company space.
• Demonstrated success leading efforts to expand marketing channels by presenting to and developing significant relationships with HNW individuals, family offices & institutions.
2009 - 2014
EVEREST CAPITAL Miami, FL
Portfolio Manager, Multi Strategy Global Macro Fund
• Part of 17 member investment team responsible for managing $3.0 bln global macro investment fund with a focus on Emerging Market equities.
• Responsible for in depth security and investment analysis in the long/short equity, HY/distressed credit, f/x, commodities and private company space.
• Top down bottom up investing with a focus on value based fundamental single security analysis in global equity/debt investments in both public and private companies.
• Performed deep fundamental research and financial analysis on industries and companies.
• Equity and capital structure arbitrage focused on opportunities in global equities, High-Yield and Distressed markets across industries and sectors.
• Track performance of private company investments including industry & competitor analysis.
• Significant experience serving on bond holder committees in bankruptcy proceedings as well as generating value through engendering workouts of company debt and capital structure in both public & private companies leading cross functional teams in acct, legal and company mgmt.
2003 – 2004 New York, NY
BBVA SECURITIES (Part time while full time study at Columbia Business School) New York, NY Associate, LatAm Fixed Income/Capital markets
• Assisted in originating, structuring and executing international financial advisory and financing assignments of debt/equity offerings for both sovereign and corporate issuers in Latin America.
• Drafted legal & marketing documents, engagement letters, term sheets and client presentations.
• Responsible for managing new business development of private placement debt product.
2001 – 2002
ROYAL BANK OF CANADA Greenwich, CT
Investment Grade/High Yield/Distressed Debt Analyst, Fixed Income Research Greenwich, CT
• Covered Metals and Mining Sector, #2 Institutional Investor Ranked Team in ‘01 and ’02.
• Generated detailed financial models to forecast both near-term and long-term cash flows.
• Performed company valuations and analysis through the use of DCF analysis, trading and transaction multiple analysis, asset value analysis and debt service coverage sensitivity scenarios.
• Researched and communicated investment recommendations/industry trends to institutional investors, sales force and investment bankers through morning notes, quarterly presentations, and one on ones.
2000 – 2001
MERCANTIL.COM Santiago, Chile
Strategic Finance Analyst, Latin American B2B internet startup
• Created and maintained complex financial model for cross border operations.
• Originated, researched and presented comprehensive analysis of Latin American B2B market.
• Coordinated cross-functional teams in three countries to support product and business initiatives.
• Assessed capital raising opportunities and completed 2nd and 3rd round funding totalling $8.1 MM. Santiago, Chile
Buenos, Argentina
New York, NY
1998 – 2001
BANK OF NEW YORK New York, NY
Finance Analyst, Corporate Finance
• Developed pro formas and performed IRR analysis and due diligence to evaluate Corporate Trust acquisition targets and presented analysis to senior management.
• Capital budgeting, consolidated reporting and planning for US and International offices.
• Oversaw all financial aspects of international operations for Corporate Trust, including: the preparation of monthly and quarterly profitability analysis and the measurement of financial performance.
• Calculated payments for acquisitions based upon the tracking of revenue and contractual obligations.
EDUCATION
2002 – 2004
COLUMBIA BUSINESS SCHOOL New York, NY
MBA, Finance, Beta Gamma Sigma Honors.
1994 – 1998
NEW YORK UNIVERSITY New York, NY
BA, Latin American Studies & International Business & Relations NYU Martin Luther King Scholar $68,000 scholarship.
1996 – 1997
UNIVERSIDAD NACIONAL AUTONOMA DE MEXICO Mexico City, Mexico Coursework in economics and international relations with Mexican Presidential Candidate and Secretary of Foreign Affairs Jorge Castaneda Gutman
Spring 1996
INSTITUTO INTERNACIONAL DE MADRID Madrid, Spain Completed economic and political analysis focused on the European Union.
ADDITIONAL
• Fluent in English, Spanish and Portuguese. Black belt (Isshin-Ryu Karate)
• Series 7 and Series 63 (expired).
• Software: Expert - Bloomberg Professional, MS Office, Advent
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