Eran Grumberg is a senior investment research analyst with over 20 years of experience in investment management, research, and consulting. He has 9 years of experience as a high yield credit analyst where he achieved top quartile and top decile fund performance. He also has extensive experience in technology research and consulting.
Eran Grumberg is a senior investment research analyst with over 20 years of experience in investment management, research, and consulting. He has 9 years of experience as a high yield credit analyst where he achieved top quartile and top decile fund performance. He also has extensive experience in technology research and consulting.
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Eran Grumberg is a senior investment research analyst with over 20 years of experience in investment management, research, and consulting. He has 9 years of experience as a high yield credit analyst where he achieved top quartile and top decile fund performance. He also has extensive experience in technology research and consulting.
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Philadelphia, PA 19146 e-mail: OBJECTIVE To obtain a senior position in investment management and research, leveraging ex tensive asset management, research, consulting and industry experience. EXECUTIVE SUMMARY Senior Investment Research Analyst with over twenty years experience in investme nt management, research and consulting. Nine years experience as a high yield cr edit analyst with Evergreen Investments and Deutsche Asset Management. Broad ran ge of sector expertise including technology, aerospace/ defense, food/beverage/t obacco, services, and commercial mortgage backed securities (CMBS). Key contribu tor to investment fund that achieved top quartile and top decile performance at both Evergreen Investments and Deutsche Bank. Formerly Vice President and Practi ce Leader responsible for consulting and research in META Group's (now part of G artner Group) enterprise software consulting practice. Extensive prior technolog y research and consulting experience. EXPERIENCE Wells Fargo/Wachovia - Evergreen Investments, Vice President and Director, Senior Research Analyst, Global High Yield 2007 - 2010 Senior credit research analyst responsible for approximately 20% of $3 billion h igh yield portfolio, with responsibility for multiple sectors, including technol ogy, aerospace/defense, food/beverage/tobacco, services, and commercial mortgage backed securities (CMBS). The high yield portfolio achieved top quartile and to p decile (per Lipper rankings) performance for year-to-date, one-year, and life of fund (since 2007) reporting periods, including 2008-2009 downturn and ensuing recovery. Individually, I exceeded the relevant benchmark (JP Morgan High Yield Index) and peer group for coverage responsibility over the life of the fund. S pecific responsibilities included industry research and analysis, security selec tion and valuation, qualitative and quantitative bottom-up analysis for all comp anies within coverage responsibility, financial model development, capital alloc ation and risk budgeting, relative value, trade recommendations, and hands-on tr ading for the CMBS portfolio. Developed proprietary CMBS valuation model and to ol. Experience in up and down markets, through all aspects of the credit cycle, all levels within the capital structure including secured bank loans, senior and subordinated notes, preferred and convertible securities, equity, warrants and derivatives, including credit default swaps. Involved in bankruptcy workouts, ex changes, reverse inquiry, long and short positions, and hedged positions and bas is trading. Additionally, as head of high yield technology, I was also responsible for desig n, implementation and management of proprietary front office technology systems, including portfolio management, trading, analytics, relative value and performa nce attribution, as well as integration with back office systems. Deutsche Asset Management, Director, Senior Research Analyst, High Yield 2002 - 2006 Senior analyst with increasing coverage responsibilities, following technology, aerospace/defense and services sectors. Significantly exceeded relevant benchmar k (Credit Suisse High Yield Index) for coverage responsibility each year as part of a $4.5 Billion fund that consistently outperformed its benchmark and achieve d top decile performance versus its peer group. Specific responsibilities inclu ded industry research and analysis, security selection and valuation, qualitativ e and quantitative bottom-up analysis for all companies within coverage responsi bility, financial model development, capital and risk budgeting and allocation, and trade recommendations. As part of an actively managed high yield fund with s ignificant discretion, evaluated all securities within corporate capital structu re, including fixed and floating rate notes, bank debt and bridge loans, secured and unsecured debt, cash pay and non cash pay (PIK, zero coupon), CDS, converti bles, preferred securities, and equity. Additionally, head of high yield technol ogy, responsible for design, implementation and management of proprietary front office technology systems, including portfolio management, trading, analytics, r elative value analysis and performance attribution, as well as integration with back office systems. META Group (now Gartner Group), Vice President and Practice Leader 1997 - 2001 Head of META Group's enterprise software consulting practice with overall profit -and-loss responsibility. Started and grew the business to $2.5 million in sale s while achieving a 22% operating profit. Provided research and advisory servic es to companies seeking strategic technology solutions for business software, in cluding enterprise resource planning, e-commerce, customer relationship manageme nt, and supply chain management systems. Served as engagement manager, account manager and delivery assurance manager for numerous research and consulting enga gements. Conducted primary and secondary research on leading enterprise software companies. Co-authored a widely referenced META Group research study examining return on investment and total cost of ownership for ERP implementations in Glob al 2000 corporations. Frequent speaker on enterprise software technology and str ategy. CSC Consulting & Systems Integration, Management Consultant 1995 - 1997 Management Consultant and System Architect with a broad range of management, pla nning and architectural responsibilities associated with major enterprise softwa re initiatives for numerous clients, including Fortune 500 and start-ups. Respon sibilities included chief strategist, chief technologist, systems architect, int egration architect and development manager. Representative project engagements i ncluded chief strategist for CSC's internal SAP Human Resources and Payroll impl ementation; SAP integration and development manager for a major paper and forest products company; chief strategist responsible for technology architecture for venture capital startups, including an internet-based health claims administrato r and an internet and telecom service provider; system architect for major aeros pace/defense company's product engineering environment, and systems architect fo r a major steel company's "best-of-breed" ERP systems implementation. EG Consulting, Principal 1989 - 1994 As an independent consultant, played an instrumental role in assisting large ent erprises to architect, design, and implement major software solutions. Client co nsulting engagements included The World Bank (1993 - 1995), Grumman Data Systems (1990 - 1993), and Computer Sciences Corporation (1989 - 1990). Consulting effo rts included: * System Architect responsible for the development and implementation of an Fin ancial Messaging System used to facilitate automated information exchange for se veral trading systems (World Bank); * Chief Analyst responsible for re-engineering Planning, Programming and Budget ing System for the US Air Force; System Architect responsible for implementation of message generation and transmission software for a Command, Control, and Com munications System developed for the US Marine Corps (Grumman) * Software Engineer responsible for implementation of a custom messaging and da tabase management system for an air defense system for the US Air Force (CSC). Sonalysts, Inc., Software Engineer 1986 - 1989 Software Engineer responsible for implementation of the Military Warfare Effecti veness simulation model for the US Navy used to evaluate platform effectiveness in wartime scenarios. Developed logistics planning model used to schedule fuel and cargo delivery to and from battle groups in at sea operations. Developed oth er tools to evaluate aircraft communications effectiveness and determine optimal spare parts levels. ACADEMIC BACKGROUND, CERTIFICATIONS AND AFFILIATIONS CFA Charterholder - 2001 Member, CFA Institute, Financial Analysts of Philadelphia M.S. Computer Science, George Mason University, Fairfax, VA Certificate in Software Systems Engineering, George Mason University, Fairfax, V A B.S. Cum Laude, Computer Science, Mathematics, Towson University, Towson, MD