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COHERENCE CAPITAL PARTNERS HIRES PORTFOLIO MANAGER MICHAEL CANNON

Published by Gbaf News

Posted on January 10, 2014

4 min read

· Last updated: May 5, 2020

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Coherence Capital Appoints Michael Cannon

Coherence Capital Partners LLC (“Coherence Capital”), a New York-based asset manager and advisory firm focused on the fixed income markets today announced the hire of Michael Cannon as a Senior Portfolio Manager and Partner.

Michael Cannon

Michael Cannon

Michael Cannon’s Background and Experience

Prior to Coherence Capital Michael spent 16 years at UBS Investment Bank, most recently as Managing Director and Co-head of Investment Grade Credit Trading. Michael has extensive experience in trading Distressed, High Yield, and Investment Grade Credit. At UBS Michael worked directly for Coherence CEO Sal Naro from 1999 to 2005 in addition to trading alongside Coherence Partners, Vincent Mistretta and Greg MacKay.  Additionally, Michael worked with fellow Coherence colleagues, Kevin O’Brien, Edgar Benavides and Robert Del Grande.  Michael is a 1993 graduate of The Cooper Union for the Advancement of Science and Art where he earned a Bachelor’s of Engineering, Electrical Engineering.

Leadership Comments on the Appointment

“I am delighted to have Michael as part of the Coherence Capital team. His proven talent and experience will further enhance our ability to manage fixed income assets at this critical time in our growth,” said Sal Naro, Coherence CEO/CIO.

Michael Cannon said: “I am very pleased to become part of Coherence Capital’s management team.  I am excited to leverage my sell side experience and transition to asset management with a group of talented and trusted partners. Given our shared investment philosophies I couldn’t think of a better fit for this next chapter in my career.”

 

COHERENCE CAPITAL PARTNERS

COHERENCE CAPITAL PARTNERS

About Coherence Capital Partners LLC

About Coherence Capital Partners LLC
Coherence Capital Partners is a New York-based asset manager and advisory firm focused on fixed income opportunities in North America and Europe. Launched in February 2012 as a management buyout from Jefferson National’s core insurance unit, it currently has over $250 million under management. Coherence Capital Partners is composed of professionals with deep backgrounds in investment management who aim to deliver consistent, superior risk-adjusted returns based on a unique investment platform and extensive knowledge and experience in the fixed income markets. For more information, please visit coherencecap.com or contact Philipp Levy or Lynn Duffy in Investor Relations.

THIS PRESS RELEASE IS INTENDED FOR INFORMATIONAL PURPOSES ONLY. THIS IS NOT AN OFFER OR SOLICITATION WITH RESPECT TO THE PURCHASE OR SALE OF ANY SECURITY.

Coherence Capital Partners LLC (“Coherence Capital”), a New York-based asset manager and advisory firm focused on the fixed income markets today announced the hire of Michael Cannon as a Senior Portfolio Manager and Partner.

Michael Cannon

Michael Cannon

Prior to Coherence Capital Michael spent 16 years at UBS Investment Bank, most recently as Managing Director and Co-head of Investment Grade Credit Trading. Michael has extensive experience in trading Distressed, High Yield, and Investment Grade Credit. At UBS Michael worked directly for Coherence CEO Sal Naro from 1999 to 2005 in addition to trading alongside Coherence Partners, Vincent Mistretta and Greg MacKay.  Additionally, Michael worked with fellow Coherence colleagues, Kevin O’Brien, Edgar Benavides and Robert Del Grande.  Michael is a 1993 graduate of The Cooper Union for the Advancement of Science and Art where he earned a Bachelor’s of Engineering, Electrical Engineering.

“I am delighted to have Michael as part of the Coherence Capital team. His proven talent and experience will further enhance our ability to manage fixed income assets at this critical time in our growth,” said Sal Naro, Coherence CEO/CIO.

Michael Cannon said: “I am very pleased to become part of Coherence Capital’s management team.  I am excited to leverage my sell side experience and transition to asset management with a group of talented and trusted partners. Given our shared investment philosophies I couldn’t think of a better fit for this next chapter in my career.”

 

COHERENCE CAPITAL PARTNERS

COHERENCE CAPITAL PARTNERS

About Coherence Capital Partners LLC
Coherence Capital Partners is a New York-based asset manager and advisory firm focused on fixed income opportunities in North America and Europe. Launched in February 2012 as a management buyout from Jefferson National’s core insurance unit, it currently has over $250 million under management. Coherence Capital Partners is composed of professionals with deep backgrounds in investment management who aim to deliver consistent, superior risk-adjusted returns based on a unique investment platform and extensive knowledge and experience in the fixed income markets. For more information, please visit coherencecap.com or contact Philipp Levy or Lynn Duffy in Investor Relations.

THIS PRESS RELEASE IS INTENDED FOR INFORMATIONAL PURPOSES ONLY. THIS IS NOT AN OFFER OR SOLICITATION WITH RESPECT TO THE PURCHASE OR SALE OF ANY SECURITY.

Key Takeaways

  • Coherence Capital has hired Michael Cannon as Senior Portfolio Manager and Partner.
  • Michael brings 16 years of UBS experience in Investment Grade Credit Trading.
  • He previously worked with Coherence CEO Sal Naro and other partners from 1999 to 2005.
  • Coherence Capital, founded in 2012, manages over $250 million in fixed income assets.

Frequently Asked Questions

Who is Michael Cannon?
Michael Cannon is a former UBS Investment Bank Managing Director and Co‑head of Investment Grade Credit Trading with experience in Distressed, High Yield, and Investment Grade Credit.
What role will Michael Cannon fill?
He will join Coherence Capital as a Senior Portfolio Manager and Partner.
What is Coherence Capital?
It is a New York‑based asset manager focused on fixed income opportunities in North America and Europe, founded in February 2012.
How much assets does Coherence manage?
The firm currently has over $250 million under management.

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