Michael Chang, CFA

Current

• Vice President at Goldman Sachs Asset Management

Past

• Vice President at Deutsche Bank
• Trader / Credit Analyst at PIMCO

Education

• The University of British Columbia
• HKIS

Connections

101 connections

Industry

Investment Management

Michael Chang, CFA’s Summary

- Primary bank loan trader and a senior research analyst for GSAM Bank Loan Team.
- Research coverage includes autos, airlines, chemicals
- Previously spent 2.5 years at Deutsche Bank and 5 years at PIMCO as the primary bank loan trader and a senior research analyst covering a variety of sectors
- Chartered Financial Analyst (CFA) designation
- Financial Risk Manager (FRM) certification

Michael Chang, CFA’s Specialties:

Research: Autos, airlines, chemicals. Primarily focused on leveraged loans but have also covered high yield/investment grade in the past. 4 years of trading experience and 6 years of research experience. CFA charterholder.

Michael Chang, CFA’s Experience

• Vice President

  Goldman Sachs Asset Management

  (Public Company; 10,001 or more employees; GS; Investment Management industry)

  May 2008 — Present (1 year 8 months)

  - Primary bank loan trader and a senior research analyst for GSAM Bank Loan Team.
  - Research coverage includes autos, airlines, chemicals

• Vice President

  Deutsche Bank

  (Public Company; 10,001 or more employees; DB; Banking industry)

  December 2005 — April 2008 (2 years 5 months)

  - Senior research analyst for U.S. loan team
  - Main trader for loan book
  - Research coverage includes energy, utilities, chemicals, industrials, airlines, building products, environmental services, aerospace/defense
  - Actively traded and monitored $2bn+ in leveraged loans, loan credit default swaps (LCDS), and high yield bonds
  - Trading strategies include traditional long bank loan / high yield positions within CLO structures, negative basis trades between loans and LCDS, LCDX (loan index) trades, long/short strategies in cash/CDS, as well as other proprietary long and short positions

• Trader / Credit Analyst

  PIMCO

  (Public Company; 10,001 or more employees; Investment Management industry)

  July 2000 — December 2005 (5 years 6 months)

  - Head trader for bank loan portfolio (>$5bn in assets under management), primarily for collateralized loan obligations (CLOs)
  - Primary research analyst covering aerospace/defense, railroads and environmental sectors
  - Back-up analyst on financial services, autos, auto suppliers, industrials, airlines
  - Covered entire debt capital structure including investment grade and high yield bonds, convertibles, and leveraged loans

Michael Chang, CFA’s Education

• The University of British Columbia

  B.Com , Double Major (with Honors) - Finance & International Business , 1996 — 2000

  Dean's List: 1996-2000
  UBC Scholarship: 1997-1998

• HKIS

Additional Information

Michael Chang, CFA’s Groups:

CFA Institute, UBC Alumni Association, Chinatown YMCA (San Francisco)

•    HKIS Alumni
•    Pimco Alumni Group
•    LCD Leveraged Loan Group

Michael Chang, CFA’s Honors:

- Chartered Financial Analyst (CFA) designation
- Certified as a Financial Risk Manager (FRM)
- Teaching English as a Second Language (TESL) certification

Michael Chang, CFA’s Contact Settings

Interested In:

• reference requests
• getting back in touch