RELATIVE VALUE OPPORTUNITIES: TRADERS’ ROUNDTABLE : John Calabrese
John is a Managing Director in Structured Finance Sales at Guggenheim Securities, LLC. Focused primarily on Subprime, CDO’s, and Esoteric Assets, John is an adviser to an extensive client list of investors that are active in these areas. He started his career at Nikko Securities on the Mortgage Derivatives trading desk as an intern while still attending Villanova University. Shortly after graduation, he joined Lehman Brothers where at 26 he became a VP of Institutional Sales for MBS & ABS. During the years of ’01-’03, John traded distressed ABS, including Manufactured Housing, Franchise Loan, and CBO’s, as a VP of Fixed Income at Oppenheimer. In 2004, John was hired by Friedman, Billings & Ramsey to help drive the sales effort of their newly formed Fixed Income group, which was focused primarily on Subprime ABS. Today, he works closely with clients, helping them navigate the current market turmoil to identify attractive opportunities in all ABS-related products. Specialties:MBS, ABS, CMBS, CDOs, CLOs, TRUPS, CAT, XXX, CDPCs, Aircraft Lease, ETC/EETC, and Esoteric Assets.