TED PAPPAFOTOPOULOS
Bedford,NH
Summary
Analytical and detail orientated Fixed Income Trader with the ability to comprehend, translate and act upon market fundamentals and different portfolio initiatives. Able to quickly evaluate and differentiate how different coupon and call structures, security types, and rating cohorts trade relative to each other in different market environments. Over thirteen years of experience in both taxable and tax-exempt trading across many different mandates
Overview
19
19
years of professional experience
Work History
Fixed Income Trader – Municipals
FIDELITY INVESTMENTS
01.2020 - Current
- Executed trading strategies across $45bln in AUM as a tax-exempt trader
- Monitored the market on a daily basis for key opportunities, trade activity and spread data in order to provide a framework for portfolio managers and analysts in making certain investment decisions
- Covered and traded a wide array of sectors including hospitals, general obligations, higher education, corporate backed, airports, airlines, project finance, long term care, tobacco and the U.S
- Territories
- Responsible for helping control fund positioning, duration, curve key rates and specific name PMV/CTD through trading activity
- Interacted daily with the broader group to recommend different investment ideas across various sectors and structures
- Worked closely with the trading operations group to build out internal redundancies to track and reconcile both manual and electronic trades to limit trading risks
- Initiated the buildout of an internal platform showing spread and market performance historically across different sectors, rating cohorts, coupon and call structures
- Assisted quantitative analyst by providing market data and feedback to convert that data into a dashboard that more efficiently shows different analytics across historical timeframes
- That platform is now used for anything from day-to-day investment decisions to client presentations and board meeting materials
- Worked with Treasurers office and Fair Value Pricing Committee to reconfigure the end of day pricing process to reduce possible fund impacts and pricing basis risks
- Managed external relationships with wide array of dealers through daily contact and ad-hoc conferences and meetings.
Fixed Income Trader - Municipals
PUTNAM INVESTMENTS (acquired by Franklin Templeton)
01.2015 - 01.2020
- High yield and investment grade municipal bond trader whose responsibilities included executing across actively managed funds with roughly $7 billion in AUM
- Primary duties included providing best execution while identifying the best relative value opportunities depending on the funds mandates
- Actively traded both taxable and tax-exempt municipal bonds across several state and national funds, as well as closed-ends
- Was responsible for executing strategies in derivative investments including rate locks, tender option bonds and treasury shorts
- Developed and maintained proprietary databases used to identify relative value trades based on historical spread, price, volatility and rate sensitivity
- Database was used daily in order to satisfy fund flow and strategy needs
- Maintained relationships with broker-dealers revolving around new issues, secondary markets and general market color.
Fixed Income Associate Trader – Investment Grade Corporates
MFS INVESTMENT MANAGEMENT
01.2014 - 01.2015
- Part of a five-member team responsible for actively executing across several funds, including a $4 billion AUM corporate bond fund
- Maintained proprietary data relating to bid/ask spreads, trade activity and general market information in order to provide an outline that allowed the desk to execute on certain investment decisions
- Monitored spreads and market color on the investment grade and high yield taxable desks while maintaining broker relationships.
Fixed Income Associate Trader - Municipals
MFS INVESTMENT MANAGEMENT
01.2009 - 01.2014
- Member of municipal trading desk whose responsibilities included monitoring fund flows and conducting relative value analysis while collaborating with portfolio managers to formulate trading strategies for actively managed funds with over $14 billion in AUM
- Provided market research for the municipal bond investment process
- Coordinated with portfolio managers and other traders in executing investment decisions across twenty-two funds including specialty state accounts and national portfolios along various parts of the curve
- Collaborated with quantitative research team to model different bond ladder, taxable crossover and rate movement scenarios some of which received compliance and marketing approval to be used in investment meetings and board presentations.
Internal Pricing Analyst
MFS INVESTMENT MANAGEMENT
01.2008 - 01.2009
Fund Analyst
WELLS FARGO
01.2006 - 01.2008
Fund Accountant
STATE STREET CORPORATION
01.2005 - 01.2006
Education
M.B.A -
BOSTON COLLEGE, Carroll School of Management
Chestnut Hill, MAB.S. -
PROVIDENCE COLLEGE
Providence, RISkills
- Taxable and Tax-Exempt Fixed Income
- Risk Management
- Trading
- Financial Modeling
- Bloomberg
- MarketAxess
- Tradeweb
- Charles River
Timeline
Fixed Income Trader – Municipals
FIDELITY INVESTMENTS
01.2020 - Current
Fixed Income Trader - Municipals
PUTNAM INVESTMENTS (acquired by Franklin Templeton)
01.2015 - 01.2020
Fixed Income Associate Trader – Investment Grade Corporates
MFS INVESTMENT MANAGEMENT
01.2014 - 01.2015
Fixed Income Associate Trader - Municipals
MFS INVESTMENT MANAGEMENT
01.2009 - 01.2014
Internal Pricing Analyst
MFS INVESTMENT MANAGEMENT
01.2008 - 01.2009
Fund Analyst
WELLS FARGO
01.2006 - 01.2008
Fund Accountant
STATE STREET CORPORATION
01.2005 - 01.2006
M.B.A -
BOSTON COLLEGE, Carroll School of Management
B.S. -
PROVIDENCE COLLEGE
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