This week, we communicate with former hedge fund supervisor Dominique Mielle, creator of 2021’s “Damsel in Distressed: My Life in the Golden Age of Hedge Funds.” Mielle spent twenty years as a associate and senior portfolio supervisor at Canyon Capital Advisors and was named one of many “50 Main Ladies in Hedge Funds” by the Hedge Fund Journal and E&Y. She at the moment serves on the boards of 4 publicly traded companies and one non-public firm.
She started her profession at Lehman Brothers within the Monetary Establishments Group (FIG) within the Eighties; whereas there, she penned an article for Enterprise Insider concerning the lack of ladies in finance that sparked a love of writing.
Turning into “comfy being uncomfortable” was one of many secrets and techniques to her investing success.
Mielle was engaged on restructuring telecom bonds within the early 2000s when 9/11 occurred, resulting in a restructuring of the airline sector. Publish GFC, she ended up engaged on the paper of Lehman and different financials. She explains why “The one distinction between “Confused and Distressed bonds is the immediacy of the chapter.”
She cites several studies exhibiting the tendency of males to overtrade, thereby decreasing their threat adjusted returns by a mean of two.6%. This argues for having extra ladies on funding committees as a technique to keep away from groupthink and enhance returns.
A listing of her favourite books is here; A transcript of our dialog is available here Tuesday.
You possibly can stream and obtain our full dialog, together with any podcast extras, on iTunes, Spotify, Stitcher, Google, YouTube, and Bloomberg. All of our earlier podcasts in your favourite pod hosts will be found here.
Make sure you take a look at our Masters in Business subsequent week with Ken Kencel, founder and CEO of Churchill Asset Administration. The non-public credit score agency manages $46 billion in non-public capital and is an affiliate of Nuveen, the $1.1 trillion asset supervisor of TIAA. Churchill was the highest U.S. non-public fairness lender in 2022 and was “Lender of the Yr” by M&A Advisor. Kencel was named one in all non-public credit score’s 20 energy gamers.
Dominique Mielle’s authored e book
Damsel in Distressed: My Life in the Golden Age of Hedge Funds by Dominique Mielle
Dominique Mielle Favourite Books
When Genius Failed: The Rise and Fall of Long Term Capital Management by Roger Lowenstein
Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street by Sheelah Kolhatkar
The Little Prince by Antoine de Saint-Exupéry
Kim by Rudyard Kipling
When We Were Orphans by Kazuo Ishiguro