Special Edition: Credit Arbitrage Analyst Field Trip

In this special audio-only edition of alt.Blend, I was joined by Jeremiah Riethmiller, Chief Investment Officer (CIO) at Sarian Strategic Partners (our Hightower colleagues), and Gregg Loprete, Portfolio Manager (PM) at Water Island Capital.

We touched on a few topics, including:

  • Broader considerations of alternatives and how they are used within portfolios
  • Challenges investors face in current markets, especially as it relates to traditional fixed income
  • An overview of merger arbitrage strategies, and, more specifically, leveraging Gregg’s experience as credit arbitrage PM to help us gain a better understanding of how it works and where it may be useful.

We did our best to alleviate some of our standard jargon and kept it to a relatively high level, but I hope the discussion gives you a “fly on the wall” experience of what it’s like to be walked through an investment strategy and trade examples directly by a PM. In essence, it’s a virtual field trip that allows you to play the role of a novice investment analyst sitting in on a manager meeting.

 

Until next time, this is the end of alt.Blend.

Thanks for reading and listening,

Steve

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About the Author

Steven Tresnan, CAIA®, CFP®

Private Wealth Advisor

Steve is a Certified Financial Planner as well as a Chartered Alternative Investment Analyst®. He is also an Accredited Investment Fiduciary, which helps him offer guidance to clients with fiduciary responsibilities, such as board members of trusts, foundations, and endowments. Steve earned a Bachelor of Science degree in Industrial Engineering from Penn State University.

Steve serves on the board and finance committee of New Music USA – a national nonprofit devoted to the development and appreciation of new music in the U.S. – and volunteers as the Treasurer for Campus Fun & Learn, a child development center on the campus of Rockland Community College in New York. 

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