Structured Portfolio Management, a fixed income alternative asset management firm, has expanded its investment team with the hire of four professionals: Mehdi Malaki, Yicheng Zhong, Qian Yang, and Kyle Johnson.
Malaki will concentrate on capital structure transactions within the SPM Opportunity Fund; Zhong and Yang will join the mortgage research and risk management teams respectively; and Johnson brings his experience from S.A.C. Capital Advisors to the firm’s software team.
Malaki joins SPM as a managing director and will work alongside Vishal Bhutani (also managing director) in managing the fixed income multi-strategy Opportunity Fund. Previously, Malaki was a senior analyst with Glenview Capital Management, where he specialised in making investments in European equities and credit from its London offices.
Zhong joins SPM’s mortgage research team as a vice president. He will focus on SPM’s prepayments strategy and help to expand SPM’s prepayment modelling efforts. Previously, he worked on modelling both agency and non-agency mortgage-backed securities at Deutsche Bank, Platinum Grove Asset Management and RBS Greenwich Capital.
Yang joins SPM’s risk management group as an analyst. Qian earned a Ph.D. in Electrical Engineering from Yale University, where he was awarded a Yale Fellowship.
Johnson joins as a software developer and will play a key role in assisting the firm to build out its operations, trading and risk management platforms. He has spent the past three years employed in all aspects of hedge fund software development.
“These key hires underscore SPM’s strategy of building an institutionally-focused asset management firm with the very best talent available,” says Don Brownstein, SPM’s chief investment and chief executive officer. “We are committed to expanding SPM’s talent pipeline with employees who possess a wide range of analytical, academic and practical experiences within the financial and mortgage industries.”
The firm has begun a remodelling project to expand office space in its Stamford, Connecticut headquarters to accommodate recent and anticipated staff growth.