David Schultz, CFA

Experience

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  Barclays

  Jun 2010 - Aug 2010

  Summer Intern

  • Created valuations on four live deals using public company comparables, precedent transactions, and DCF analysis; worked with clients to develop management presentations and executive summaries• Prepared Ratings Agency Presentation for E&P firm seeking $200mm initial debt financing• Contributed to sales process of $150mm of assets located in the Marcellus Shale

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  Citi

  Jan 2011 - Jan 2013

  Analyst

  Delta One Trading • Handled execution, booking, and risk management of international customer and financing arbitrage books• Developed model to monitor, evaluate and trade reversal / conversion markets on hard to borrow stocks and ETFs which produced $500k in firm revenues• Managed $4B credit inter-mediation portfolio, generating $1mm in firm revenuesSingle Stock Equity Derivatives Trading • Assisted in pricing and risk management of positions on four trading books containing more than 500 underlyings• Built volatility heat map to assist traders in monitoring intra-day changes in volatility surface• Executed and managed recurring client trade program that earned $1.5mm in revenues for firm Show less

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  Virginia Retirement System

  Jun 2014 - May 2016

  Senior Investment Analyst

  • One of six investment professionals managing $12B fixed income portfolio, indexed against Barclays Aggregate Index• Delivered 480 bps of outperformance in 11 months on $120mm Opportunistic Portfolio using model to value Closed End Funds trading at a discount to Net Asset Value• Responsible for coverage of Energy related subsectors, including Integrated, Independent Exploration, Midstream, and Refining sectors; produced recommendations about relative value and sector level positioning• Collaborated with Research team on predictive spread model; served as liaison between Research and Investments Show less

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  Richmond Capital Management

  May 2017 - now

  Managing Director