Daniel Vargas, CFA

Experience

• 

  Moneda Asset Management

  Jan 2000 - Jan 2006

  • Managed discretionary accounts valued at US$50mm in both local and foreign fixed income, all accounts under management outperformed their benchmarks.• Directed creation of new business unit, local Fixed Income Department. Selected securities, built portfolios, implemented risk control procedures. • Interviewed prospective candidates and coached new junior analysts for Fixed Income Department.• Served as member of firm’s Fixed Income Investment Committee, oversaw US$ 250mm, advised committee on investments in Argentina and Brazil, focused in distressed securities. Show less • Performed credit analysis, comparable analysis for Eurobond Latam issuers. Studied a diverse range of industries to understand the competitive landscape these companies functioned in. • Built financial models, conducted financial and credit analysis, industry analysis, and comparative analysis for 25 Latin American debt issuers (Argentina, Brazil, Chile, Mexico and Colombia). Among the companies covered there were AES Tiete, Durango, Alestra, TFM, Telecom Argentina and Editora Abril.• Evaluated 16 restructuring proposals from Latin American distressed companies. Proposals included distribution of packages of securities consisting of cash, new bonds and in some cases equity. Recommendations resulted in profits of US$14mm in the 2003-2004 period. Among the proposals analysed there were Hidroelectrica Piedra del Aguila, Multicanal, Autopistas del Sol, TGS, Globopar, Argentina Telecom and NetServicos.• Prepared solicitation and marketing material for a Latin Corporate Debt Fund. Show less

  • Portfolio Manager

    Jan 2005 - Jan 2006

  • Senior Analyst - Fixed Income

    Jan 2002 - Jan 2005

  • Junior Analyst - Generalist

    Jan 2000 - Jan 2002
• 

  Lehman Brothers

  Jun 2007 - Aug 2007

  Summer Associate

  • Interned at the equity research department building models and performing industry analysis for the healthcare analyst .• Second half of internship was at a hedge fund unit building models for the merger arbitrage group and analyzing high yield bond offerings for the fixed income and capital structure arbitrage groups.• Internship resulted in a full time job offer at Lehman Brothers Asset Management division (today Neuberger Berman).

• 

  Neuberger Berman / Lehman Brothers IMD

  Aug 2008 - Feb 2011

  Associate - Equity Research

  Technology, Media and Telecommunications group.• Built financial and industry models, wrote equity research notes, performed channel checks, interacted with sell side and industry analysts, and met with senior management of companies within the technology space.• Teamed with senior analysts for covering large cap tech stocks like Qualcomm, Cisco, Juniper, Texas Instruments, Taiwan Semi conductors, Xerox, Motorola, Nokia, RIM, Ericsson, Polycom, Apple and Corning. Also assisted in the coverage of large diversified miners like BHP and Rio Tinto.• Worked closely with portfolio management teams, collectively managing over $160B in AUM. Show less

• 

  Moneda Asset Management

  Feb 2011 - now

  • Led a team of eight investment analysts covering 250 companies in Latin America, including issuers of both equity and/or fixed income in public or private markets. • Assisted a total of five portfolio managers in strategies ranging from small caps equities to high yield debt. Total AUM of the team amounts to US$2.7bn distributed in investments in close to 220 different Latam companies and over 300 different securities.• Served as senior member of Latam Team’s Investment Committee.• Closely collaborated with Small Cap PM in the design and daily monitoring of his strategy. Served as back up PM during his absences.• Built monitoring screens for the latam equity market used by the equity PMs.• Oversaw construction of companies’ models by the analysts under my supervision. Currently working on standardizing the model construction process.• Developed a web based knowledge management system designed to keep track of meetings with companies and research work prepared by analysts.• Evaluated several investment management software packages for a firm wide adoption. Recommended CapitalIQ which was selected as key investment tool for the research departments.• Had direct ownership of coverage of the Latam Real State / Construction space, covering companies like MRV, PDG, Direcional, Gafisa, Urbi, Homex, Geo, Sare, Even, Tecnisa, Odinsa, Fibra Uno.• Attended conferences in New York, Santiago, Sao Paulo, Lima and Bogota. Hosted over 300 meetings with companies’ managements since joining the firm.• Participated in designing and producing marketing material for the Small Cap fund, Total Return Fund and Fixed Income Funds.• Hired full time junior and senior analysts and created a summer internship program.• Represented the team actively during due diligence processes conducted by potential foreign clients. Show less

  • Portfolio Manager

    Jul 2016 - now

  • Head of Latam Equity & Fixed Income Research

    Oct 2011 - Jun 2016

  • Head of Latam Equity Research - NYC Branch

    Feb 2011 - Oct 2011