1. MICHAEL A. COHEN
7 Lakeview Lane Bedford NY
917-592-3491
MACJ007@VERIZON.NET
SUMMARY:
Consistently profitable equity arbitrage/volatility and capital structure portfolio manager with thirty years of profitable trading experience.
Extensive experiencewith relative valuationand risk exposure. High quality trading skills alliedwith strongstrategic instincts. Demonstrated
ability to performunder pressure.
PROFESSIONAL EXPERIENCE:
9/2013-12/14 Guggenheim Partners, Guggenheim Global Trading – Purchase, NY
Portfolio Manager
• $275MM equity arbitrage andequity volatility portfolio.
• Portfolio consisted primarily of single stocks, options, futures and indices.
• Strategies included relative value opportunities, volatility mispricing and catalyst driven opportunities as well as
long/shortdirectional trades reflectingunderlying fundamental views.
• Awardedtwocapital allocation increases in less than nine months.
5/2007-12/12 Diamondback Capital Management – Stamford, CT
Portfolio Manager (250 MILLION$ PROFIT)
• Capital structure arbitrage, and equity volatility trading; portfolio consisted of hybrid securities, corporate bonds,
convertible securities, CDS and options, on single stocks, indices and sovereigns.
• Strategies included relative value opportunities, liability management conversions, 3(a)(9) exchanges, volatility
mispricing, basis trades, creditdirectional trades, new issue participation
• Profitable in the 2008 financial crisis demonstrates a disciplined risk management and investment process
approach.
• 15% average risk adjustedreturns, <6% volatility.
BNP Paribas – New York, NY
2/01-5/07 (Director) Managing Director
7/97-1/01 (V.P.)
• Manage highly profitable proprietary capital structure andconvertible arbitrage book, 2 traders and 1 creditanalyst.
• Set up business infrastructure.
• Profitable in 1998 financial crisis, proving distinctive competence in risk reward maximization.
• Utilize options, futures and credit derivatives to enhance returns and manage risk.
1993 – 3/97 NATWEST SECURITIES CORP., New York, NY
Deputy Director, Senior Vice President - Equity Convertible Arbitrage
• Quantitative approach in tradingentire spectrum of convertible securities.
• Create cheap volatility and superior return on capital strategies. Asset swapped convertibles to facilitate client
demand and mitigate credit risk.
• Directed programmingteam in designingand creating comprehensive global convertible securities database.
• Implemented risk management system.
• Priced one billion in new issues for syndicate group and provide secondary trading markets for customers.
1992 - 1993 TULLETT & TOKYO, New York, NY
Desk Manager, Vice President - Equity Derivative Sales
• Act as an agent on behalfof proprietary trading desks in the inter-bank market.
• Transact options, futures and swaps on all major equity indexes;specifically Nikkei 225, S&P 500, FTSE, DAX and
CAC.
1991 - 1992 SPEAR, LEEDS & KELLOGG, New York, NY
Trader- International Derivatives
• Implementproprietary Osaka Nikkei 225 Index Optionand futures strategies.
• Work with AMEX specialistof the Japan Index in theoretical pricing of longterm listedand OTC index options.
• Coordinate risk between Nikkei and Japan Index tradingbook.
1983 - 1990 GOLDMAN, SACHS & CO., New York, NY
Vice President, Trader - Strategic HedgingDivision, 1989 - 1990
Managedproprietary options book utilizing:

2.  OEX, SPX and XMI Index Options:$100 million.
 Individual Equity Options:$50 million.
• Directed Swiss warrantbusiness, pricingdeals for syndication, hedgingand trading.  Swiss warrantbook:$100
million.
• Interfaced with sales force and their clients on implementation and pricing of innovative derivative hedging and
market appreciationstrategies utilizing:
 Over-The-Counter index options;Over-The-Counter individual equity options;Cash settled synthetic option
strategies;Customizedequity baskets;Synthetic convertible bonds;Equity-linkedbonds.
Associate Trader - Tradingand Arbitrage Division, 1983 - 1988
• Traded proprietary index arbitrage portfolio ($300-$500 million).
• Initiated and managed risk in proprietary risk arbitrage account following 1987 crash.
• Several milliondollar profit trading volatility and futures
• Specializedin inter-marketfutures arbitrage between New York and Chicago, Chicagoand Kansas City.
• Successful stock index futures speculator, net long or short $25-$50 millionin single trades.
EDUCATION:
FORDHAM UNIVERSITY, New York, NY
Master of Business Administration, InvestmentFinance, May 1989.
BOSTON UNIVERSITY SCHOOL OF MANAGEMENT, New York, NY
Bachelor of Science in Business Administration, cum laude, June 1983.
LONDON SCHOOL OF ECONOMICS, London, England
Economics, Philosophy and Law, Spring 1982.