Risk Management

Net Exposure

Attempt at zero net equity market exposure

Hedging Technique

Stocks, indexes, option volatility swaps, derivatives

Maximum Leverage

Low leverage except fixed-income arbitrage

Memorable Loss

Northampton/Ponderosa de-inked paper mill bonds

Risk Management

Find out who else owns spreads and their motivation, uncorrelated

Background Information

Initial Spark

Hobby

Professional Background

Lawyer

Education

Harvard Law School

Motivation/Satisfaction

Challenge, fun, puzzle; help someone grow

Age

56

Free Time

Public issues, foundation