Varadero Capital, L.P.
SEC-Registered Investment Adviser

specialists in
US structured credit

focused on high
risk-adjusted returns

committed to rigorous
risk management

Robust
Methodology

Utilizes a fundamental credit framework with a strong focus on capital preservation and risk management

Differentiated
Approach

Proprietary models and technology support the generation of risk-adjusted returns across asset classes

Experienced
Team

Long track record together, covering all aspects of the structured credit market

management team

The core team has been together since early 2007

Fernando Guerrero
Managing Partner and Chief Investment Officer

Mr. Guerrero is Varadero’s majority-owner, Managing Partner and Chief Investment Officer. Previously, Mr. Guerrero was Chief Executive Officer and CIO of Varadero’s indirect affiliate, NIBC Credit Management, Inc. (CMI), where he was responsible for all aspects of CMI’s North American activities including its Investment Management business. Mr. Guerrero has more than 25 years of experience in the structured credit markets and has worked on a number of first-of-their-kind transactions in the ABS and CDO markets, including several “Deals of the Year”. Before joining CMI, Mr. Guerrero was head of the Global Structured Products Group at Merrill Lynch Investment Managers (MLIM). The team was responsible for augmenting MLIM’s presence in the global CDO market by leveraging the team’s structured product expertise with the extensive capabilities of MLIM’s investment and research teams. Mr. Guerrero and his team focused on distributing, structuring and managing CDO risk. Before joining MLIM, he was head of the global CDO effort at ABN AMRO where he was responsible for establishing the CDO business. Prior to ABN AMRO, Mr. Guerrero was head of the Structured Products group at TD Securities where he founded the firm’s CDO business. Prior to TD Securities, Mr. Guerrero helped establish Donaldson, Lufkin, Jenrette’s CDO business as part of its high yield capital markets effort. Before Donaldson, Lufkin, Jenrette, he was a managing director at BT Securities where he was in charge of the global structured finance business and emerging markets debt capital markets effort.

Mr. Guerrero has a BS degree and an MS degree in Finance from Louisiana State University and is a graduate of the Program for Management Development at The Harvard Business School.

Jonah Lansky
Portfolio Management

Mr. Lansky is a Partner and Co-founder of Varadero Capital, where he is responsible for portfolio management; he is also a member of Varadero Capital's Investment Committee. Prior to his employment at Varadero, Mr. Lansky was a director at NIBC Credit Management, Inc. (CMI), and was a member of its investment committee. Before joining CMI, Mr. Lansky worked in the Global Structured Products Group at Merrill Lynch Investment Managers (MLIM), where he was responsible for analyzing investments and developing structured issuance programs for MLIM’s portfolio managers. Mr. Lansky began his finance career at Bear, Stearns & Co. Inc., where he worked in the Asset Backed Securities group, structuring, underwriting and placing securitization transactions, including residential mortgage backed securitizations, auto loan securitizations, dealer floor plan securitizations and esoteric asset securitizations.

Mr. Lansky holds an AB from Princeton University and an MBA from Columbia Business School.

Erik Cornelissen
Chief Risk Officer

Mr. Cornelissen is responsible for Risk Management at Varadero Capital; he is also a member of Varadero Capital's Investment Committee. In past years Mr. Cornelissen has served as member of the Board of Directors and Chief Risk Officer of NIBC Credit Management, Inc. Before this Mr. Cornelissen has held senior positions in risk management at NIBC Bank in asset and liability management and market risk management, where Mr. Cornelissen has served as NIBC Bank’s Director Risk Management Financial Markets. In this role he has overseen the risk management of financial market activities of NIBC Bank in the areas of interest rate and credit trading, structured credits and hedge funds. He has been responsible for the development and implementation of economic capital concepts at NIBC Bank and made significant contributions to the development of the risk management function at NIBC Bank. Prior to NIBC, Mr. Cornelissen was treasury manager at Robeco Group, where he co-developed the currency overlay program of the group and was a trader in FX and money market products.

Mr. Cornelissen received his Masters degree in Econometrics from Erasmus University, Rotterdam, The Netherlands and is a post graduate of the Treasury Management program at the Vrije Universiteit Amsterdam.

David Reisman
General Counsel, Chief Compliance Officer and Secretary

Mr. Reisman has responsibility for Varadero’s legal and compliance matters in his capacity as General Counsel and Chief Compliance Officer. Prior to joining Varadero, he was General Counsel and Chief Compliance Officer of NIBC Credit Management, Inc. Previously, he was General Counsel at a New York-based media company and, prior to that, was Executive Director and Associate General Counsel, US, at Rabobank International. Mr. Reisman was also an attorney in New York at Loeb & Loeb and, previously, Simpson Thacher & Bartlett.

Mr. Reisman graduated summa cum laude from the University at Albany (SUNY) with a BA degree and received his JD degree from the UCLA School of Law.

contact us

Varadero Capital, L.P.
1095 Avenue of the Americas | 26th Floor | New York, NY 10036
Main: (212) 715-6800 | Fax: (212) 715-6828

General Inquiries:  

info@varaderocapital.com

Investor Inquiries:  

ir@varaderocapital.com

media

legal disclaimer /
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