Stephen Robert Wachtel

Portfolio Manager at SSI Investment Management, Inc.

Stephen Robert Wachtel

Stephen Robert Wachtel

Portfolio Manager at SSI Investment Management, Inc.

Overview
RelSci Relationships

63

Birthday

11/1973

Age

44

Number of Awards

1

Relationships
RelSci Relationships are individuals Stephen Robert Wachtel likely has professional access to. A relationship does not necessarily indicate a personal connection.

Founder & President at SSI Investment Management, Inc.

Relationship likelihood: Strong

Chief Executive Officer & Principal at SSI Investment Management, Inc.

Relationship likelihood: Strong

Head Trader at SSI Investment Management, Inc.

Relationship likelihood: Strong

Portfolio Manager & Principal at SSI Investment Management, Inc.

Relationship likelihood: Strong

Portfolio Manager at SSI Investment Management, Inc.

Relationship likelihood: Strong

Portfolio Manager at SSI Investment Management, Inc.

Relationship likelihood: Strong

Portfolio Manager at SSI Investment Management, Inc.

Relationship likelihood: Strong

Operations at SSI Investment Management, Inc.

Relationship likelihood: Strong

Chief Investment Officer & Principal at SSI Investment Management, Inc.

Relationship likelihood: Strong

Chief Operating Officer & Chief Compliance Officer at SSI Investment Management, Inc.

Relationship likelihood: Strong

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Stephen Robert Wachtel
Portfolio Manager at SSI Investment Management, Inc.
Education
Class of 2000

UCLA's primary purpose as a public research university is the creation, dissemination, preservation and application of knowledge for the betterment of our global society. To fulfill this mission, UCLA is committed to academic freedom in its fullest terms: We value open access to information, free and lively debate conducted with mutual respect for individuals, and freedom from intolerance. In all of our pursuits, we strive at once for excellence and diversity, recognizing that openness and inclusion produce true quality. These values underlie our three institutional responsibilities. Learning and teaching at UCLA are guided by the belief that undergraduate, graduate and professional school students and their teachers belong to a community of scholars. This community is dedicated to providing students with a foundational understanding of a broad range of disciplines followed by the opportunity for in-depth study in a chosen discipline. All members of the community are engaged together in discovering and advancing knowledge and practice. Learning occurs not only in the classroom but also through engagement in campus life and in communities and organizations beyond the university.

BS in Finance
Class of 1995

Lehigh is a premier residential research university, ranked in the top tier of national research universities each year. We are a coeducational, nondenominational, private university that offers a distinct academic environment of undergraduate and graduate students from across the globe. Our university offers majors and programs in four colleges: The College of Arts and Sciences, The College of Business and Economics, The College of Education and The P.C. Rossin College of Engineering and Applied Science. More than 4,700 undergraduate and 2,000 graduate students call Lehigh "home." Located in Pennsylvania’s scenic Lehigh Valley, the campus is in close proximity to both New York City and Philadelphia. Lehigh is comprised of 2,358 acres, making it one of the largest private universities in the country. The Asa Packer Campus, Mountaintop Campus, and Murray H. Goodman Campus are contiguous. In 2012, the university received a Stabler Foundation gift of 755 acres in nearby Upper Saucon Township. Since 1865, generations of students have chosen Lehigh for their educational experience. They know Lehigh is a place where they can make strong personal connections with faculty, conduct research in diverse fields of study, thrive in a dynamic campus community, form lasting bonds with Lehigh alumni, and learn from their own life experiences.

Career History
Portfolio Manager
2010 - Current

SSI Investment Management invests primarily, but not exclusively, in equity, convertible and fixed income securities that are traded publicly in US and non US markets.SSI's Core Equity Strategy seeks to produce excess returns above the S&P 500 with similar risk. The strategy combines quantitative and fundamental analysis to select the best long portfolio candidates. The portfolio typically holds 80-140 equity positions, which are widely diversified across large- and mid-cap companies with strong growth and value characteristics.SSI’s Outright Discretionary Convertible Strategy seeks to produce excess returns above the BofA Merrill Lynch All Convertibles (VXA0) Index. It combines quantitative and fundamental analysis to select positions based on relative valuation and risk attributes. Portfolios normally hold 90-130 convertible bonds and/or preferreds. All credit ratings are considered. SSI’s Outright Investment Grade Convertible Strategy seeks to produce excess returns above the BofA Merrill Lynch Investment Grade Bonds (V0S1) Index. It combines quantitative and fundamental analysis to select positions based on relative valuation and risk attributes. Portfolios typically hold 35-65 investment grade convertible securities.SSI’s Hedged Convertible Income Strategy seeks to generate 90-Day Treasury Bills plus 300 basis points, with low-to-moderate volatility and minimal correlation to major capital markets. The strategy is offered on an unlevered basis as a fixed income substitute. The portfolio normally holds 75-125 convertible bonds and/or preferreds. Positions are generally hedged with the common stock of the same underlying company to minimize volatility. SSI's Hedged Convertible Opportunity Strategy seeks to generate alpha with moderate-to-high volatility using up to 3x leverage. The portfolio typically contains 75-125 convertible bonds and/or preferreds with each position hedged with the common stock of the same underlying company to minimize volatility.SSI’s Flexible Allocation Strategy seeks to produce excess returns above a benchmark comprised of 60% of the total return of the S&P 500 and 40% of the Barclays Aggregate Bond Index. It invests in a portfolio primarily of ETFs, but may include ETNs and other mutual funds. Exposure to various asset classes may range from 0-100%.SSI's Balanced strategy seeks to produce excess returns above a benchmark comprised of 50-70% S&P 500 and 30-50% Lehman Brothers Intermediate-term Treasury Bonds with similar volatility. It combines quantitative and fundamental analysis to select the best long portfolio candidates. The portfolio normally holds 85-140 equity positions, with up to 70% of the portfolio allocated to mid- to large-cap stocks, with strong growth and value characteristics. The remaining 30-50% is allocated to high quality bonds including Treasuries, high grade corporates, convertibles and municipal securities.

Vice President
1999 - Prior

Froley believes that convertible securities offer an opportunity to earn equity-like returns with substantially reduced risk.Their investment process begins with an evaluation of the economy and the current business cycle. Convertible portfolios are focused on market sectors where the firm perceives the outlook to be superior to that of the aggregate economy.Within industries considered to have the best prospects over the next six to twelve months, Froley uses its research resources to analyze the companies with convertibles outstanding. Once a company is identified as a potential investment candidate, the convertible security itself must pass their examination of credit quality, income level, investment bond value and equity participation potential.Investments are placed in companies that have competitive products, a strong balance sheet, good cash flows and an ability to grow earnings. Froley's internal research staff is composed exclusively of convertible specialists.

Analyst & Assistant Manager
Prior
Awards & Honors
CFA (Chartered Financial Analyst)
Other Affiliations