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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June 6, 2021

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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.

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