Martin Fridson

Last updated
Martin Fridson
BornSeptember 4, 1952
Michigan
Nationality Flag of the United States.svg American
Alma mater Harvard University (BA - History cum laude), 1974
Harvard Business School (M.B.A.), 1976
Known forHigh Yield Investment Research, Inventing a well accepted criterion for distressed debt - simply it is debt that is trading over 1000 basis points above treasuries. [1]
AwardsYoungest Fixed Income Analyst Hall of Fame Inductee
Scientific career
Fields Finance, high-yield debt

Martin Steven Fridson (born September 4, 1952, in Highland Park, Michigan) is an American author who writes about finance and political economy. Fridson has been referred to as the "dean of high yield debt." [2]

Contents

Education

Fridson earned a B.A. cum laude in history from Harvard University in 1974, and as a result of gaining entrepreneurial work experience with Southwestern Advantage selling books door-to-door during college, was able to attend Harvard Business School the following semester, eventually graduating in 1976 with an MBA. He was also awarded the Chartered Financial Analyst designation in 1982.

Career

Fridson interviewed with Mitchell Hutchins and accepted a position as an electric utility bond trader in 1976. After Mitchell Hutchins was acquired by Paine Webber in 1977 he left with his trading group to Scandinavian Securities, where he worked ultimately as an assistant vice president. In 1980 he went to Paine Webber's Jackson Curtis arm as a vice president in credit research and fixed income investment strategy. In 1981 he joined Salomon Brothers as a vice president.

He left for Morgan Stanley in 1984. He then joined Merrill Lynch in 1989, where he was director of high yield strategy until 2002. While at Merrill Lynch he documented a history of the high yield debt market, which as Fridson says, "was shrouded in myth." [3] In 2002, he left Merrill to found his own firm, FridsonVision LLC. In May 2008, Fridson sold Leverage World and Distressed Debt Investor, the two primary research products of FridsonVision, and became the CEO of Fridson Investment Advisors, an investment management company. Following that firm's acquisition by BNP Paribas, he worked as global credit strategist in the bank's asset management subsidiary. In August 2012 he resumed operations under the FridsonVision LLC banner.

He has served as president of the Fixed Income Analysts Society, governor of the Association for Investment Management and Research (now the CFA Institute), and director of the New York Society of Security Analysts. Currently, Fridson serves on the editorial boards of CFA Digest , and Journal of Investment Management .

Awards and recognition

Critique

Works

References

  1. ↑ Moyer, Stephen G.: "Distressed Debt Analysis", page 7. J. Ross Publishing, 2004
  2. ↑ Moyer, Stephen G.: "Distressed Debt Analysis", page 6. J. Ross Publishing, 2004
  3. ↑ Fridson, Martin S."High Yield Bonds" Probus Professional, 1989
  4. ↑ Scherreik, Susan (2002-10-21). "A Perfect Time to Buy Junk?". BusinessWeek . Archived from the original on October 27, 2002. Retrieved 2007-09-11.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.