Aaron Read Email & Phone Number

Armonk, Ny, Us

New York, United States

United States

Specialize in litigation finance with a focus on pre-settlement funding.

United States

Served as a team leader responsible for over-site of ongoing and ad-hoc assignments. Primary focus on evaluating assets of all types that fall within securitized products and consumer credit including Non-Agency RMBS, esoteric ABS, CMBS, CLOs and other private structured transactions. Worked on one-off engagements including fair value analysis on portfolio transfers and analytic support related to litigation. Interfaced with clients in an advisory capacity to efficiently produce the optimal work product. Key Achievements: *Managed the team’s largest monthly engagement valuing a portfolio of nearly 500 assets. The process involved collection and integration of market spread and trade data and analysis of security performance changes. *Developed a Reverse Mortgage model for new engagements involving the valuation of residual cash flows. *Established a framework to quantify consumer claim liability for a bankruptcy related servicing platform transfer.*Constructed valuation models for Mortgage Servicing Rights ("MSR") combining projected mortgage cash flows with cost and revenue streams.

Played a key role in raising capital and updating investors on fund performance. Constructed portfolios based on client yield, cash flow, and liquidity targets. Conducted market research, analyzed market conditions, and identified emerging market trends. Presented marketing materials and updated investors on fund performance and overall market conditions. Monitored issuer level credit exposure across CLO holdings with intense focus on "distressed" credits. Created detailed quarterly distribution statements for investors. Liaised with clients while providing market insights, analytics, pricing, cash flow analysis, and deal/collateral information. Formulated trade strategies.Key Achievements:* Maintained responsibility for identifying and trading relative value strategies across structured product subsectors utilizing fundamental views and market dislocations that resulted in 20% total return with IRR >15% net of fees.* Executed portfolio management initiatives while focusing on client yield, cash flow, and liquidity targets.* Successfully constructed and managed a private equity style fund. * Built out an analytic and pricing advisory business that generates $200K+ annually in revenue.* Served as an integral member of the broker/dealer trading team responsible for all structured products including CLO, CDO, Non-Agency RMBS, Subprime, and ABS.

Managed gross P&L of $4M+ over 11 months on a rebuilding platform. Properly valued legacy holdings and liquidated unwanted exposures. Led efforts to maximize revenue potential and grow the clientele.Key Achievements:* Served as the co-head of the non-agency mortgage trading desk responsible for trading and management of a $30M book of business.

Served as a senior member of mortgage trading desk. Provided market color pertaining to trading levels and fundamentals.Key Achievements:* Administered gross P&L of $14M+ in 2010 and $4M+ in 2011.

Focused on investment strategy and trade implementation across residential ABS sectors. Executed index arbitrage and liquidity facilitation trades. Oversaw RMBS and high yield levered loan execution and served as a member of the corporate debt/CDS trading team.Key Achievements:* Formulated and implemented trade strategies utilizing cash RMBS, single name CDS on ABS, CDS on CDOs, ABX, TABX, and CMBX.* Generated returns on capital greater than 30% per year since the inception of the ABS book in 2007 ($35M P&L).* Led efforts to trade high yield loans and LCDS.

Selected to serve as a member of the fixed income investment strategy group responsible for formulation and implementation of investment decisions across various fixed income mandates. Performed client portfolio reviews that covered fixed income markets, portfolio performance, and return attribution. Led primary and secondary trading within the cash ABS market with carryover into CDS and ABX, which included developing and maintaining relationships with market participants to ensure best execution and liquidity. Managed investment decision process for short duration portfolios. Performed ABS research involving macro developments, regulatory changes, structural nuances, and other factors potentially affecting the technicals or fundamentals in the sector.Key Achievements:* Oversaw $50B in ABS exposure across all the firms fixed income portfolios with holdings spanning the product and ratings spectrum within the ABS market.* Directed portfolio management initiatives associated with the short duration and Libor benchmarked accounts with $28B in assets focusing on portfolio construction and revenue growth.* Spearheaded business development initiatives by marketing products to institutional and retail clients.* Created and implemented sector specific strategies based on collateral performance, structures, risks, and relative value of various ABS products. * Developed systems to monitor issuer exposures and credit performance across firm ABS holdings.

Masters, Financial Engineering

Bs, Industrial Engineering