Hedge Fund Trader
Resume:
JEREMY E. KLEIN
Short Hills, NJ 07078
********@*****.***
EXPERIENCE
Beacon Trust Company Morristown, NJ
Fund Manager 2010-Present
• Managed an $11MM multi-strategy hedge fund with a focus on equities and discretionary global macro portfolios
• Generated superior returns that outperformed all relevant benchmarks including the HFR and Dow Jones Credit Suisse hedge fund indices
• Wrote a daily market commentary for distribution to clients and the firm’s internal investment team
• Sat on the bank’s investment committee which oversaw the $1.6B in assets under management for the trust company
• Member of the firm’s alternative asset division which offered products composed of pre- and post-settlement legal awards, ownership shares in energy producing properties, and hedge funds across multiple strategies
The Frommer Group LLC Englewood, NJ
Principal 2010
Chief Market Strategist and Head Futures Trader
• Principal in startup $5MM multi-strategy hedge fund that broadcasts all aspects of the investment and trading process on a daily webinar produced for a dedicated membership community
• Provided long term direction and suggested portfolio positioning as chief market strategist
• Managed a day trading futures portfolio with a focus on equity indices, fixed income, energy, and metals
• Wrote a daily market commentary for public view on the fund’s website
• Taught weekly one hour educational seminars over the firm’s web broadcast
• Offered constant real time strategic guidance and macro observations to traders, portfolio managers, and broadcast members
• Sat on the operating and risk management committees as part of the fund’s leadership team
QUEST PARTNERS LLC New York, NY
Senior Trader 2008-2010
• Senior trader for a $600 million Systematic/CTA hedge fund responsible for trading the firm’s quantitative black box equity portfolio
• Led the daily execution of $150 million of stock on all North American and European exchanges
• Reduced equity execution slippage by 35% per annum
• Designed modification changes to the trading platform including integrating new and updated algorithms and promoting access to over a dozen available dark pools
• Traded over fifty of the global commodity and F/X markets as hedges to the equity portfolio as well as for the firm’s futures and foreign exchange proprietary programs
• Composed weekly and monthly market commentary to the fund’s largest investors
• Managed all sell side equity brokerage relationships for the firm
• Responsible for corporate action decisions on the portfolio
• Spearheaded marketing effort to raise level of assets under management
RBC CAPITAL MARKETS New York, NY
Vice President, Senior Trader – US Equity Program Trading 2006-2008
• Senior trader and first member of the firm’s U.S. Program Trading Desk that generated annualized revenues of $8 million in just two years from inception
• Focus clients included quantitative hedge funds, passive index funds, state pension funds, and actively managed mutual funds
• Managed a profitable principal and blind risk bid basket trading business to facilitate many of the firm’s largest customers
• Led the design effort in the completion and enhancement of several major stock trading algorithms including VWAP, TWAP, percentage of volume, dynamic scaling, and implementation shortfall
• Managed a proprietary futures trading account for the firm that generated 38% annual returns on notional allocated capital
• Provided sales-trading coverage for all equity sectors in the U.S. and Canada to a roster of single stock hedge funds whose commissions increased by 646% from 2006 to 2007
• Managed the full execution trading process for clients including opening accounts, managing trade breaks, and the booking of transactions
• Transitioned several large clients to the firm’s DMA trading platform and to use FIX connection technology
• Worked with the firm’s compliance department to accommodate trading in a Regulation NMS environment
• Composed a daily equity trading note for the firm based on personal proprietary research that had a subscription base of over 1,000 investment professionals
• Represented the Royal Bank of Canada by delivering a speech entitled “Themes of the U.S. Equity Market” at the Buy Side Investment Management Association’s Spring 2007 conference in Toronto
• Headed the risk management effort for the firm’s largest single stock cash positions leveraging transactional cost analysis tools and constructing best practices hedging vehicles using equity index futures, ETFs, and stock baskets
J. GOLDMAN & CO. New York, NY
Trader/Analyst 2004-2005
• Traded own long-short proprietary account focusing on equity, sector based ETFs equity index, US Treasury, and commodity markets utilizing capital among hedge fund’s $400 million of assets
• Provided fundamental, technical and quantitative research to hedge fund manager for long/short equity and macro idea generation
LEHMAN BROTHERS INC. New York, NY
Vice President – US Equity Proprietary Trading 2001-2004
• Joined as second trader on Lehman’s Equity Proprietary Desk which has now grown to thirty members
• Traded futures and options on domestic and international equity indices, US Treasuries, precious metals, and energy products speculatively and as risk management vehicles for the group’s various fundamental and quantitative strategies
• Managed a fundamental long-short Equity portfolio using bottom-up research to select individual large cap names across all industry groups for long-term and short-term trading ideas
• Devised and traded many equity sector strategies based on speculative views on all the macro markets
• Traded domestic and international calendar and ad hoc equity index rebalances including Russell, NASDAQ, S&P Quarterly, FTSE World,
• Managed the Desk’s $600 million book of positions in response to S&P’s purging of international companies in July, 2002
• Utilized the firm’s full suite of stock trading algorithms as well as conducted project research on potential enhancements
• Designed, researched, performed due diligence on, and implemented quantitative trading systems leveraging research culled from decades worth of stock tick data
• Performed trade execution, including resolving trade breaks with firm’s back office for all of the Desk’s black box quantitative strategies
• Initiated, developed, and managed all existing sell side relationships providing coverage for the various traders and portfolio managers on Desk
• Managed the recruiting and hiring process for Desk for all summer and full time analysts and associates. This included composing and performing presentations for over a hundred candidates as well as interviewing and evaluating dozens of potential traders, analysts, and managers of risk
LEHMAN BROTHERS INC. New York, NY
Summer Associate – Capital Markets Summer, 2000
• Participated in Lehman’s MBA Summer Associate program supporting traders by devising strategies and providing fundamental research for the firm’s Program Trading and High Grade Corporate desks
MERRILL LYNCH & CO., INC. New York, NY
Vice President – CICG Technology 1998-1999
• Managed a ten person team to develop a new global financial system that tracks expenses to projects undertaken by the company’s investment banking division
ING BARINGS FURMAN SELZ New York, NY
Assistant Vice President – Financial Projects 1997-1998
• Developed the Global Financial Reporting Strategy (GFRS) which integrated the company’s general ledger with all its product trading systems
• Developed request for proposal for large financial system vendors proposing software for the GFRS
PRICE WATERHOUSE LLP San Francisco, CA & New York, NY
Principal Consultant – Management Consulting Services 1992-1997
• Provided consulting services to multinational companies for complex custom and package information systems in the areas of financial management, supply chain, and insurance claims processing
• Managed several teams of consultants including leading two five-member teams simultaneously
• Composed and presented formal responses to requests for proposals for acquiring new work for the firm
EDUCATION
THE WHARTON SCHOOL, University of Pennsylvania Philadelphia, PA
Master of Business Administration Specializing in Finance May, 2001
• Graduated with Distinction (Top 20% overall G.P.A. of graduating class)
• Director’s List (Top 10%)
STANFORD UNIVERSITY Stanford, CA
Bachelor of Science in Mathematical and Computational Science June, 1992
• Major coursework required in-depth understanding of Mathematics, Statistics, and Computer Science
• Graduated with a 3.60 G.P.A.
ADDITIONAL INFORMATION
• Series 7, Series 63, Series 55, Series 3 licensed
• Flextrade, Portware, Fidessa, DPT, SQL, Excel, PowerPoint, Bloomberg, Algorithmic Trading, Transactional Cost Analysis
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