Summary
Overview
Work History
Education
Skills
Additional Information
Timeline
Generic

Mitchell Fang

Bedford,New York

Summary

Expertise in trading equities, ETFs, and options while catering specifically to the needs of hedge funds. My role as a sales trader involved developing and maintaining strong relationships with hedge fund clients, providing them with insightful market analysis, and executing trades on their behalf. By consistently delivering exceptional service and generating profitable trading opportunities, I have established a solid track record in driving revenue growth and client satisfaction.

Managing a $25 million proprietary trading book has given me valuable experience in assessing market trends, identifying lucrative investment opportunities, and effectively mitigating risk. Skilled at analyzing financial data, conducting research, and utilizing sophisticated trading strategies to maximize profitability. Furthermore, my ability to navigate dynamic market conditions and adapt quickly to changing circumstances has allowed me to consistently achieve superior results.

In addition to my technical expertise, I possess excellent communication and interpersonal skills. Adept at building rapport with hedge fund analysts and portfolio managers, understanding their unique investment objectives, and tailoring my recommendations accordingly. My strong work ethic, attention to detail, and ability to thrive in a fast-paced and demanding environment have contributed to my success as a sales trader. Strategic and results-oriented business leader with experience in strategy, planning and operations. Skilled in developing and executing business plans to maximize profitability, streamline operations and maintain compliance with industry regulations. Proven people leader motivates and optimizes staff performance and productivity.

Overview

37
37
years of professional experience

Work History

Managing Director

Oscar Gruss & Son
10.2020 - Current
  • Merger Arbitrage Desk
  • Equity Sales trader covering hedge funds trading SPAC’s and event driven strategies
  • Grew revenues 10% on yearly basis
  • Devise and execute option strategies to hedge and create alpha for event driven strategies
  • Built and Maintain Risk Arb and SPAC trading models
  • Read and understand merger agreements, proxy statements, and tender documents to help clients build portfolios and assess risk.
  • Oversaw operations and provided corrective feedback to achieve daily and long-term goals

Managing Director

Keefe, Bruyette and Woods, Stifel Co
04.2018 - 07.2020
  • Commissioned to build out merger arb desk, interviewing and hiring candidates.
  • Managed a $25mln facilitation book in risk/arb and SPACs generating $3mln in p&l
  • Collaborate with desk analyst to build a research product to meet the needs of our hedge fund client base
  • Built and maintained a database for special purpose acquisitions. Tracked all relevant filings and updates to properly build inventory to which was used to market to clients
  • Oversaw operations and provided corrective feedback to achieve daily and long-term goals

Managing Director

Cantor Fitzgerald & Co
10.2010 - 11.2017
  • Co-head of risk-arbitrage desk
  • Sales trader covering merger arb and event driven funds, growing revenues 20% year over year
  • Recommended and executed option strategies to hedge and create alpha for risk arb
  • Created Excel spreadsheets to track risk/arbs spreads, exchange offers and split-offs
  • Modeled collars on risk arb deals and election optionality
  • Cross asset selling various products, including, debt, derivatives and ETF’s
  • Proficient in Fidessa, Bloomberg, and Excel
  • Assisted in recruiting, hiring and training of team members

Managing Director- Merger Arbitrage Desk

ICAP
04.2008 - 10.2010
  • Cover merger arb and event driven accounts, providing research and option strategies
  • Provide trading strategies on spin-offs, split offs, stub trades and index rebalancing on event arb names
  • Established a customer focused derivative product for hedge funds.
  • Increased sales by 20%

Sales-Trader Merger Arbitrage Desk

RBC Capital Markets
04.2007 - 02.2008
  • Covering merger arb/ event driven accounts, providing research and option trading strategies
  • Created the firms first customer options trading desk growing revenues by 50%
  • Facilitated options and equity positions

Managing Director- Head of Sales

Cathay Financial LLC
06.1994 - 03.2007
  • Head of 10-person sales team generating $20mln in sales
  • Covered Institutional accounts trading event driven and merger arbitrage
  • Consistently meet or exceed sales goals with 20%+ yearly increase in revenues
  • Marketed options ideas to help create alpha for clients
  • Provided trading strategies on spin-offs, split offs, stub trades and index rebalancing on risk arb names
  • Executed spread orders in merger arbitrage
  • Conducted year-end reviews for compensation
  • Participated in our Research committee to help implement event driven research
  • Oversaw operations and provided corrective feedback to achieve daily and long-term goals.
  • Led development of comprehensive business plan to maximize profitability and company performance.
  • Oversaw operations and provided corrective feedback to achieve daily and long-term goals
  • Trained new employees on proper protocols and customer service standards

Institutional Sales desk

Brenner Securities
10.1993 - 05.1995
  • Trained and mentored new sales representatives.
  • Retained excellent client satisfaction ratings through outstanding service delivery.
  • Managed customer accounts to secure customer satisfaction and repeat business.
  • Developed and maintained comprehensive understanding of products, services and competitors to enhance sales presentations.

Senior Trader – Program-Trading Desk Junior Trader- Proprietary Trading Desk Operations Clerk

Morgan Stanley & Co
01.1987 - 06.1993
  • Managed customer index arb trading desk
  • Executed all Index futures orders for clients
  • Made markets for EFP’s
  • Traded XMI and S&P 500 index arb on a proprietary basis
  • Cleared and settled Bond Futures

Education

Bachelor’s Degree - Accounting

Brooklyn College of The City University of New York
Brooklyn, NY
01.1987

Skills

  • Mentoring and Training
  • Recruitment Strategies
  • Sales Leadership
  • Strategic Planning

Additional Information

  • Licenses , Series 3,7,24,55,63

Timeline

Managing Director

Oscar Gruss & Son
10.2020 - Current

Managing Director

Keefe, Bruyette and Woods, Stifel Co
04.2018 - 07.2020

Managing Director

Cantor Fitzgerald & Co
10.2010 - 11.2017

Managing Director- Merger Arbitrage Desk

ICAP
04.2008 - 10.2010

Sales-Trader Merger Arbitrage Desk

RBC Capital Markets
04.2007 - 02.2008

Managing Director- Head of Sales

Cathay Financial LLC
06.1994 - 03.2007

Institutional Sales desk

Brenner Securities
10.1993 - 05.1995

Senior Trader – Program-Trading Desk Junior Trader- Proprietary Trading Desk Operations Clerk

Morgan Stanley & Co
01.1987 - 06.1993

Bachelor’s Degree - Accounting

Brooklyn College of The City University of New York
Mitchell Fang