Summary
Overview
Work History
Education
Timeline
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Aaron M. Sanders

New York,NY

Summary

Seasoned investment professional with differentiated, highly diversified multi-asset background cultivated through recent experience as a macro generalist (top-down, cross-asset vol investment process) however core competencies (asset-class specialist) rooted in high-yield single-name credit (bottom-up, fundamental analysis framework).

Overview

14
14
years of professional experience

Work History

PORTFOLIO MANAGER

ExodusPoint Capital Management
New York, NY
11.2020 - Current
  • 175M capital allocation (unconstrained) - diversified credit-arbitrage strategy seeking consistent, asymmetric returns measured on risk-adjusted basis, over full economic cycle. Non-traditional, alternative risk premia approach generates (a) differentiated investment framework (b) consistent/durable investment edge (c) realized returns which exhibit lower market-implied beta exposures (credit & equity)
  • Developed and maintain macro pricing models (iboxHY/cdxHY) to exploit pricing-inefficiencies (result of structural inefficiencies) returns that are statically significant at .05 level (time-series dependent)

ASSOCIATE PORTFOLIO MANAGER

MKP Capital Management
New York, NY
06.2016 - 06.2019
  • 50M (sub) allocation - 800M total (unconstrained) opportunistic investment approach across macro credit, equities, options, delta-one, tranches along with corporate securities
  • Primary investment manager for single-name strategies (idea generation, credit selection, trade construction, risk execution, monetization/stop-loss parameters)
  • Developed and managed hard catalyst, performing credit strategy where investment thesis is predicated on fundamental characteristics (opposed to quantitative) however realized performance is strongly correlated to specific corporate transaction (mergers, acquisitions, leverage buyout, spin/split/carve outs, reorganization, divestment, tender/exchanges along with refinancing transactions). Implemented from Feb2017-May2019 (28m), Catalyst-driven Credit RV delivered a positive, uncorrelated return for 26. CCRV Performance: Average (35bp), Absolute Range (137bp), Max Gain (103bp), Max Loss (34bp)

CREDIT TRADER

BlueMountain Capital Management
New York, NY
04.2008 - 06.2016
  • Execution specialist (bonds/loans/cds) covering tech/media/telecom, healthcare, automotive sectors across credit curve (IG/HY/Distressed)
  • Communicate market color and tactical/rel-val opportunities to investment managers based on dealer commentary, sales & trading relationships, market dynamics
  • Managed new issuance process and syndicate desk relationships for High-Yield

FINANCIAL ANALYST

Citigroup Inc
New York, NY
12.2006 - 04.2008

Education

MBA - Finance

Fordham University, Gabelli School of Business
Manhattan, NY
05.2012

Bachelor of Science - International Finance

State University of New York At Buffalo
Buffalo, NY
12.2001

Timeline

PORTFOLIO MANAGER

ExodusPoint Capital Management
11.2020 - Current

ASSOCIATE PORTFOLIO MANAGER

MKP Capital Management
06.2016 - 06.2019

CREDIT TRADER

BlueMountain Capital Management
04.2008 - 06.2016

FINANCIAL ANALYST

Citigroup Inc
12.2006 - 04.2008

MBA - Finance

Fordham University, Gabelli School of Business

Bachelor of Science - International Finance

State University of New York At Buffalo

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Aaron M. Sanders