Reilly Tierney

Experience

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  The Kyowa Bank, Ltd.

  Jan 1988 - Jul 1990

  Analyst

  • Performed credit analysis of syndicated loans classified as highly leveraged transactions. • Promoted to establish the bank’s first Midwest calling effort, offering additional bank services to corporate credits in the bank’s portfolio.• Interacted with US subsidiaries of Japanese corporations to locate potential strategic US M&A targets.• Left Kyowa Bank to attend business school.

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  The Fuji Bank, Ltd.

  Apr 1993 - Jan 1995

  Assistant Vice President

  • Performed credit analysis on Midwestern industrial companies and retailers for leveraged finance group. Specialized in HLT workouts, restructurings and new leverage buyouts by financial sponsors. • Wrote comprehensive internal research reports on proposed credits, including cash flow stress analysis. • Performed analytical reviews of loan documentation and negotiated credit agreements with attorneys. • Left Fuji Bank for pure research opportunity.

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  Duff & Phelps Credit Rating Company

  Jan 1995 - Jun 1997

  Senior Vice President/Analyst

  • Wrote research reports on the credit worthiness of US finance companies, industry reports and credit rating criteria studies on how asset securitization impacts the balance sheets financial institutions. • Performed research on and provided credit ratings to 15 US finance companies. • Analyzed the credit performance of collateral and provided input on corporate creditworthiness which impacted the structuring asset-backed securities sponsored by finance companies.• Presented credit rating research studies to industry conferences and media outlets.• Left Duff & Phelps to pursue sell-side analyst career on Wall Street. Show less

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  Fox-Pitt, Kelton

  Jun 1997 - Mar 2004

  Senior Vice President/Senior Analyst

  • Wrote equity research reports, earnings notes and industry research, produced monthly data reports, communicated research opinions to buyside investors and the media. • Launched coverage on 20 US investment banks and specialty finance companies from 1997 to 2004.• Served as firm’s first global investment banking research coordinator and created new global research products with European bank analysts. • Ranked #1 in Institutional Investor “Best of the Boutiques” survey for US brokers/asset managers and #2 for US specialty finance companies in 2002.• Ranked #6 in coverage of US brokers/asset managers in Greenwich survey between 2002-2003.• Left Fox-Pitt to make career change to buyside. Show less

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  Level Global Investors

  Apr 2004 - Sept 2005

  Analyst

  • Joined Level Global, six months after its launch, as part of financial stocks team.• Team generated positive investment returns for Level in both years.• Analyst coverage areas included: US, European and Asian banks, global capital markets-focused firms, and specialty finance companies. • Left Level to become portfolio manager at Cambridge Place.

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  Cambridge Place Investment Management

  Oct 2005 - Mar 2010

  Senior Portfolio Manager

  • Managed long/short and long-only portfolios of global financial stocks, with a focus on North American, European and Asian financial institutions, insurance, specialty finance and leasing companies, and REITs and property developers/homebuilders.• Assisted marketers in raising more than $100 million in capital for long/short equity single strategy financials focused hedge fund and long-only financials-focused separate account managed for UK pension funds. • During period of management, CPIM Global Financials Fund (long/short hedge fund) generated more than 100% return for investors between October 2005 and March 2010, including in excess of 50% in 2007 and 2008. Audited track record is available upon request.• CPIM Global Financials Fund was named by EuroHedge, as the top performing long/short equity strategy by a fund manager based in Europe for six quarters between 2007 and 2008 (one and three year track records).• Managed team including three analysts (two with junior portfolio management responsibilities) in Concord, MA, New York and London. • Left Cambridge Place to help found Arrowhawk and due to the parent companies’ funds performance which made fund raising difficult. Show less

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  Arrowhawk Capital Partners

  Apr 2010 - Aug 2011

  Portfolio Manager

  • Was founding investor in and portfolio manager for $400 million multi-strategy hedged fund manager launched in August 2009, which was one of the largest start-ups for 2009.• Managed financials focused sleeve peaked at $80 million.• Based on Cambridge Place track record, helped raise investment funds and seed capital from for three large public and corporate pension managers. • Managed team that included two experienced analysts.• Expanded coverage areas beyond more traditional financial institutions to include HMOs and for-profit education stocks. • Produced profitable trading profit and loss statement for first full year at Arrowhawk (unaudited).• Left Arrowhawk after firm failed to raise capital beyond the initial launch. Show less

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  Diamondback Capital

  Sept 2011 - Jun 2012

  Portfolio Manager

  • Hired to manage $150 million long-short equity sleeve for Harbor Watch division of Diamondback Capital Management, a $2.8 billion hedge fund manager focused on long/short equity and other strategies. • Strategy concentrated on global financial stocks, with a focus on North American and European financial institutions, insurance, finance and leasing companies, REITs and property developers/homebuilders, HMOs and education stocks.• Joined Diamondback when Harbor Watch division was closed in January 2012.• Managed team with one dedicated analyst who joined from previous role at Arrowhawk.• Worked closely with managers from credit team, which was shut down in December 2011. Show less

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  Discere Investments

  Jan 2013 - Jan 2014

  Portfolio Manager/Chief Investment Officer

  Chief Investment Officer of start-up long/short equity hedge fund focused on global financial stocks.

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  Boston Provident L.P.

  Feb 2014 - Dec 2015

  Analyst

  Analyzed financial services companies as potential investments for $300MM long-short fund focused exclusively on global financial stocks

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  Advent Capital Management, LLC

  Mar 2016 - Jun 2019

  Managing Director

  • Senior Analyst responsible for buy-side coverage of global financials for $9bn in AUM, global asset manager of hedge funds and long-only strategies in convertibles, high yield and equities. • Coverage includes Banks, Insurers, Property Companies (including REITs), Homebuilders, Specialty Finance companies, Consumer and Mortgage Finance, Commercial Finance and Leasing, BDCs, Market Structure/Exchanges/Asset Managers, and Financial Technology.

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  Zume Inc.

  Jun 2019 - Oct 2020

  Principal Financial Strategist

  Zume is on a relentless quest to create a smarter more sustainable food system. Among my responsibilities are: financial planning & analysis, divisional finance groups, strategic projects, enterprise contract pricing and mergers and acquisitions.

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  Philadelphia Financial

  Oct 2020 - now

  Sector Portfolio Manager

  • Sector portfolio manager at $500 million in AUM long/short equity hedge fund investing in global financial stocks. One of the top performing, single-sector, long/short funds focused on financial stocks, Philadelphia Financial is has compounded returns at a mid-teens rate with minimal volatility since 2004.• Sector responsibilities include: capital markets, brokerage, asset managers, financial technology, property REITs and European banks.