MiB: Dominique Mielle, Damsel in Distressed

Economy

MiB: Dominique Mielle, Damsel in Distressed

NewsNero

March 25, 2023

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This week, we communicate with former hedge fund supervisor Dominique Mielle, creator of 2021’s “Damsel in Distressed: My Life within the Golden Age of Hedge Funds.” Mielle spent twenty years as a accomplice and senior portfolio supervisor at Canyon Capital Advisors and was named one of many “50 Main Girls 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 personal 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 in regards to the lack of girls in finance that sparked a love of writing.

Turning into “snug 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. Submit 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 a number of research displaying the tendency of males to overtrade, thereby lowering their danger 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.

An inventory of her favourite books is right here; A transcript of our dialog is obtainable right here Tuesday.

You may 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 might be discovered right here.

Make sure to 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.