Josh Lavan

Josh Lavan has extensive experience in the finance industry, with a focus on convertible arbitrage and capital structure investing. Josh has held various roles at top financial institutions.

Starting in 2006, Josh worked as a Trader for the S&P group at Consolidated Trading LLC, where they managed index products and focused on market-making for the S&P 100 options book.

From 2013 to 2014, they worked as a Trader for PEAK6 Investments, where they specialized in convertible arbitrage and volatility trading. In this role, they conducted primary and secondary trading in the convertible bond space and researched new strategies.

From 2014 to 2017, Josh was a Trader at KCG Holdings, Inc., specializing in electronic rates trading for the US fixed income market. Josh developed liquidity-providing and proprietary liquidity-taking strategies, eventually becoming one of the lead electronic market makers in US rates.

In 2017, Josh joined AQR Capital Management as a Vice President, focusing on systematic convertible arbitrage strategies for CNH Partners. Josh conducted research for new strategies, developed risk and portfolio management tools using Python.

From 2020 to 2021, Josh worked as a Portfolio Manager at Capstone Investment Advisors, overseeing convertible arbitrage and capital markets trading. Josh managed a global portfolio that included a Europe/Asia sleeve and a Merger Arbitrage component. Josh utilized quantitative research and Python for coding.

From 2021 to 2022, Josh served as a Senior Analyst at HBK Capital Management, where they managed a multi-billion portfolio and led a team of credit analysts. Josh focused on US convertible arbitrage and capital structure investing for this multi-strategy asset manager.

Currently, Josh is the Co-Head of Convertible Bonds at AQR Capital Management. In this role, they are responsible for co-heading convertible arbitrage and long-only convertible strategies for AQR Arbitrage. Josh conducts both fundamental and quantitative credit research across all industries, and manages portfolio construction and risk management.

Josh Lavan pursued their education with a Bachelor of Arts degree in Mathematics at Northwestern University from 2002 to 2006. Josh continued their academic journey at the University of Chicago, where they obtained a Master of Science degree in Financial Mathematics from 2011 to 2012.