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Profil
Mr. Daniel M.
Solomon, CFA, is President & Chief Operating Officer at Lyford Group International Ltd. Prior to joining Lyford International Group in 2009, Mr. Solomon was a Director with Drake Management where he held senior positions in the Portfolio Management and Client Management Groups.
He joined Drake Management in 2003.
Prior to Drake Management, Mr. Solomon was with Goldman Sachs.
He joined Goldman Sachs in 1992 as a fixed-income product specialist in 1992.
After seven years on the corporate bond and municipal bond trading desks, he moved within Goldman Sachs to lead a Private Wealth Management team which advised ultra high-net-worth families on strategic investment issues including asset allocation, portfolio construction and risk management.
He also managed fixed-income and cash-management portfolios for a few key clients.
Mr. Solomon graduated magna cum laude from Princeton University.
He earned his CFA charter in 1999 and has passed level 1 of the CAIA examination.
Mr. Solomon has served on the Boards and Investment Committees of several Charities.
Anciens postes connus de Daniel Mark Solomon
| Sociétés | Poste | Fin |
|---|---|---|
Lyford Group International Ltd.
 Lyford Group International Ltd. Investment ManagersFinance Lyford Group International's primary investment approach focuses on liquid tactical trading to complement the firm's fundamental macro-economic views. They manage the Lyford Fund, a discretionary, tactically opportunistic global macro hedge fund that actively manages positions in equity indices, fixed-income, commodity and currency instruments using fundamental research and technical analysis. Lyford primarily trades highly liquid futures and options. A large proportion of the fund's assets are maintained in cash. The fund seeks double-digit returns while controlling volatility and maintains a negative correlation to most major indices and benchmarks. The Lyford Fund has two different books. Up to 30% of the positions consist of longer-term theme trades of one week to 3 months. These trades represent strong views that the firm expects to play out over time and are sized to handle intra-day volatility without breaching set risk parameters. All positions that Lyford anticipates will have more than 80% correlation to one another are part of the same theme. The remaining 70% of the book focuses on a short-term tactical approach that seeks to take advantage of events on the economic calendar, intra-day price action, asset reversion to the mean, anticipation of correlation breakdowns across a variety global markets and dynamic hedging of long-term themes. Lyford's risk management efforts include a strict stop-loss of 3% of net asset value on all longer-term theme trades and from 10 to 50 basis points of NAV on all short-term trades. The also have an overall hard stop-loss of 6% of NAV in any one month. Once they approach the 6% level, the firm begins to pare down positions in the portfolio and reduce their value at risk. If that level is reached at any time, they will close out all positions. The liquidity of the instruments Lyford trades allows them to collapse the portfolio in a very short time span. Lyford performs a value at risk analysis of their portfolio on a daily basis using Riskmetrics. The previous 30 trading days are used to calculate the correlation of assets. Riskmetrics is also used to determine how a position would increase or decrease the value at risk in the firm's total portfolio and a 95% VaR is closely evaluated. Lyford also performs an internal risk analysis based on their view of correlation and volatility and converts all assets to an S&P futures contract equivalent weighting. The portfolio usually has an average margin/equity ratio of 10%. | President | 31/12/2012 |
Drake Management Services
 Drake Management Services RestaurantsConsumer Services Specialist in senior dining services | Corporate Officer/Principal | 24/03/2009 |
Goldman Sachs & Co. LLC
 Goldman Sachs & Co. LLC Investment Banks/BrokersFinance Provides brokerage services | Corporate Officer/Principal | - |
Formation de Daniel Mark Solomon
Expériences
Fonctions occupées
Actives
Inactives
Sociétés cotées
Entreprise privées
Relations
97
Relations au 1er degré
4
Entreprises liées au 1er degré
Homme
Femme
Administrateurs
Exécutifs
Sociétés liées
| Entreprise privées | 4 |
|---|---|
Goldman Sachs & Co. LLC
Goldman Sachs & Co. LLC Investment Banks/BrokersFinance Provides brokerage services | Finance |
Drake Management Services
Drake Management Services RestaurantsConsumer Services Specialist in senior dining services | Consumer Services |
Princeton University
 Princeton University Other Consumer ServicesConsumer Services Functions as a College/University | Consumer Services |
Lyford Group International Ltd.
Lyford Group International Ltd. Investment ManagersFinance Lyford Group International's primary investment approach focuses on liquid tactical trading to complement the firm's fundamental macro-economic views. They manage the Lyford Fund, a discretionary, tactically opportunistic global macro hedge fund that actively manages positions in equity indices, fixed-income, commodity and currency instruments using fundamental research and technical analysis. Lyford primarily trades highly liquid futures and options. A large proportion of the fund's assets are maintained in cash. The fund seeks double-digit returns while controlling volatility and maintains a negative correlation to most major indices and benchmarks. The Lyford Fund has two different books. Up to 30% of the positions consist of longer-term theme trades of one week to 3 months. These trades represent strong views that the firm expects to play out over time and are sized to handle intra-day volatility without breaching set risk parameters. All positions that Lyford anticipates will have more than 80% correlation to one another are part of the same theme. The remaining 70% of the book focuses on a short-term tactical approach that seeks to take advantage of events on the economic calendar, intra-day price action, asset reversion to the mean, anticipation of correlation breakdowns across a variety global markets and dynamic hedging of long-term themes. Lyford's risk management efforts include a strict stop-loss of 3% of net asset value on all longer-term theme trades and from 10 to 50 basis points of NAV on all short-term trades. The also have an overall hard stop-loss of 6% of NAV in any one month. Once they approach the 6% level, the firm begins to pare down positions in the portfolio and reduce their value at risk. If that level is reached at any time, they will close out all positions. The liquidity of the instruments Lyford trades allows them to collapse the portfolio in a very short time span. Lyford performs a value at risk analysis of their portfolio on a daily basis using Riskmetrics. The previous 30 trading days are used to calculate the correlation of assets. Riskmetrics is also used to determine how a position would increase or decrease the value at risk in the firm's total portfolio and a 95% VaR is closely evaluated. Lyford also performs an internal risk analysis based on their view of correlation and volatility and converts all assets to an S&P futures contract equivalent weighting. The portfolio usually has an average margin/equity ratio of 10%. | Finance |
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