This week, we converse with former hedge fund supervisor Dominique Mielle, writer of 2021’s “Damsel in Distressed: My Life within the Golden Age of Hedge Funds.” Mielle spent 20 years as a accomplice 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 presently serves on the boards of 4 publicly traded companies and one personal firm.
She started her profession at Lehman Brothers within the Monetary Establishments Group (FIG) within the 1980s; 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 “Careworn and Distressed bonds is the immediacy of the chapter.”
She cites a number of research exhibiting the tendency of males to overtrade, thereby lowering their threat adjusted returns by a mean of two.6%. This argues for having extra ladies on funding committees as a method to keep away from groupthink and enhance returns.
An inventory of her favourite books is right here; A transcript of our dialog is on the market right here Tuesday.
You’ll be able to 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 could be discovered right here.
You should definitely try our Masters in Enterprise subsequent week with Ken Kencel, founder and CEO of Churchill Asset Administration. The personal credit score agency manages $46 billion in personal capital and is an affiliate of Nuveen, the $1.1 trillion asset supervisor of TIAA. Churchill was the highest U.S. personal fairness lender in 2022 and was “Lender of the 12 months” by M&A Advisor. Kencel was named one among personal credit score’s 20 energy gamers.
Dominique Mielle’s authored e-book
Damsel in Distressed: My Life within the Golden Age of Hedge Funds by Dominique Mielle
Dominique Mielle Favourite Books
When Genius Failed: The Rise and Fall of Lengthy Time period Capital Administration by Roger Lowenstein
Black Edge: Inside Info, Soiled Cash, and the Quest to Carry Down the Most Needed Man on Wall Road by Sheelah Kolhatkar
The Little Prince by Antoine de Saint-Exupéry
Kim by Rudyard Kipling
When We Had been Orphans by Kazuo Ishiguro