michael. schulman @ sloan. mit. edu
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Investment professional
with 11+ years of portfolio management and CDO experience
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Strong strategy,
modeling, new business development, and client interaction skills
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MBA from MIT Sloan & CFA designation
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Effectively
managed hedge fund, fixed income, and small, mid & large cap equity
strategies
Jun’05 - present HOLLENCREST CAPITAL MANAGEMENT Newport Beach, CA
High-end boutique asset and wealth management firm
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Manage the
hedge Fund: a fixed-income arbitrage, low volatility, long/short, market neutral strategy
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Built the hedge
Fund’s Quantitative Arbitrage Strategy (QAS) which accounts for approximately
74% of its exposure
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Created the three data
models used to manage the hedge fund and dashboard our investable universe
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Write the Fund’s monthly
investment commentaries
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Responsible for
client asset allocation models and share responsibility for equity and high
yield strategies and security decisions
Mar’02 – May’05 DEUTSCHE BANK
Santa Ana, CA
Brought fresh processes, efficiencies and strategic insight to a newly
formed group at the bank
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Successfully ran and
modeled compliance and payments for 19 CDOs, CLOs, and CBOs totaling over $5.7
billion; set up securities, proposed legal Indenture changes, reconciled with
auditors and managers
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Created a
business case that showed a new commercial venture to have high relative risks
and negative margins, thereby winning management approval to not enter the
market
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Effectively
enhanced client relationships and service and set the standards for others by
surveying collateral managers and delivering what they wanted; additionally
helped standardize client processes and department models by working closely
with department head and entire team.. Result: Continue to win deals from
existing clients and garnered new deals from a client that was previously ready
to leave
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Led a Six Sigma
Pilot that improved efficiencies for the entire 33 person CDO unit, taught a
CDO training class, and individually developed staff
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Analyzed deal
life expectancy to improve prioritization of rework, thereby saving six months
revenue
Mar’01 -
Sep’01 ACCENTURE LTD.
Developed effective management and technology solutions for start-ups,
financial services and biotech
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Developed
complete technology strategy model for clients to best manage new and emerging
technologies to protect and gain market share and improve product development
pipeline 34%; Accenture used this model to win new clients and develop new
business with existing clients
Sep’99 - Jan’01 OPEN
RATINGS, INC. (Dun &
Bradstreet funded)
Joined MIT start-up team at ratings and analysis company
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Defined the market
strategy and
new customer
focus with
founders and
senior management,
presented to VCs, and co-wrote a behavioral analysis white paper on the factors
that affect a company’s ratings and perception amongst investors, clients and
suppliers. Result: Received second round
financing from VCs based on our developed strategy; first customers came out of
our new customer focus
Oct’91 - Jan’98 PACIFIC
INCOME ADVISERS, INC.
Assisted in growing boutique money management firm from 5 to 50 people
and $0.9 to $8 billion in managed assets
Portfolio
Manager 1993-1998, Investment Officer 1991-1993
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One of three on
investment committee for 5 equity styles (core, rotational, large cap enhanced
index, small/mid cap) totaling $930 million for companies, managed accounts,
union pension funds, group trusts and high net worth
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Developed ‘QES’,
a quantitative, real-time system with momentum algorithms that ranked 3,000
stocks across 37 fundamental factors; having ‘QES’ confidently enabled the
firm’s expansion from 1 equity strategy to 5
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Structured and
led the managed accounts/wrap department for fixed income and equity. Result:
Fastest growing department, from $0 to $1.2 billion under management; $5
million annual revenue
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Analyzed
convexity, duration and risk on CMOs, ABSs, pass-throughs, corporates, illiquid
securities and whole portfolios, resulting in a consistent and effective
methodology applied across all portfolios
1998 - 2000 MIT SLOAN SCHOOL OF
MANAGEMENT
MBA, including work in Information Technology, Entrepreneurship, mechanical engineering, nano tech
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Teaching
Assistant for two New Product & Venture Development graduate courses
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Interned at World Federation of Exchanges (formerly FIBV)
1994 CHARTERED FINANCIAL ANALYST (CFA)
designation awarded in 1994
1987 - 1991 UNIVERSITY OF
CALIFORNIA, AT BERKELEY
BA in Economics, Dean's Honors List Sr. GPA 4.0/4.0
2004
- present CFA society of Orange County (CFAOC)
Elected
President and Board Member. Previously Vice President – in charge of showcase Annual Forecast Dinner; and Education and Career Planning Chair
– developed a revenue sharing and marketing agreement; restructured the Scholarship Fund’s grant request letter and
won $10K from the PIMCO
Foundation; formed a joint venture with UC
Irvine Extension
2002 - present National
Kidney Foundation of Southern California
Orange County, CA
Events Committee: Team increased
net contributions 300% year over year
2003 Bolsa de Valores de Colombia Bogota, Colombia
Consultant: Recommended action based on in-depth analysis that led Board of Directors to accept my conclusion over their initial opinion
2002 World Federation
of Exchanges, Emerging
Markets Forum
Invited by the WFE to present on the economics of listing to an
audience of leaders of exchanges; developed a new framework for exchange
economics
2001 - 2002 Boston Security Analysts
Society
Education Committee – led and designed a four-part program on Career Development
1999 IAE, Business and
Management School at Universidad Austral, Pilar –
Invited by IAE, as an opinion leader, to present to faculty,
benefactors, students, local entrepreneurs and the Board on the benefits of
fostering an Entrepreneurship
Center and entrepreneurship competition (both currently in operation)
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Adventure: Mountain biked
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Extensive travel:
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Art:
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Languages: Russian (basic); Spanish (basic)
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“Small And Medium
Size Businesses on Your Exchanges – the Economics of Listing,” World Federation of Exchanges, Emerging
Markets Forum,
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Schulman, Michael
A. and Margaret M. Denniston, edited by Pattie Maes, “B2B Performance Ratings: Building Trust and Enabling Confident
Decision-making Online” Open Ratings, Inc., September 2000
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“Entrepreneurship Programs,” IAE - Escuela de Dirección
y Negocios de la Universidad Austral, Pilar – Buenos Aires, Argentina,
November 1999
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Schulman, Michael
A., “Small and
Medium Size Business Markets, An FIBV Working Committee Focus Group Study,”
FIBV – International Federation of Stock Exchanges,
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Business plans:
Wrote, edited and helped develop business plans for several high-tech startups
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Quoted in
BusinessWeek, Fortune, and DigitalMass