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Evgeny Vostretsov, CFA, FRM, CAIA, Finance Expert in New York, NY, United States
Evgeny Vostretsov, CFA, FRM, CAIA

Finance Expert in New York, NY, United States

Member since February 28, 2017
A hedge fund analyst and a former CFO of a startup, Evgeny performed deep-dive research on 15+ public equities and evaluated 30+ private equity and mezzanine debt transactions. Before getting an MBA from Chicago Booth, Evgeny founded an online retailer that sold across 11 time zones. He has advised on $5B+ valuations while at E&Y. He enjoys freelancing to help clients with evaluating investments, financial modeling, capital raising, and M&A.
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Career Highlights

Education

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Case studies

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Industry Expertise

  • Accounting Services
  • Advertising & Marketing
  • Banking
  • Investment Banking
  • Venture Capital & Private Equity
  • Healthcare Services
  • Media & Internet
  • Real Estate

Other Expertise

Employment

  • Long & Short Equity Investment Analyst

    2018 - PRESENT
    Alpha Wave Global
    • Led research on Semiconductors and Industrials sectors; analyzed companies in semiconductors/WFE, aerospace, automotive, capital goods, chemicals, construction, and housing sub-sectors.
    • Designed a process for managing knowledge on new technologies, companies, and end markets; refined new idea research and position maintenance process to stay updated on developments across covered industries.
    • Built a network of industry advisors; leveraged the technical background to forge relationships with subject matter experts.
    • Mentored and managed four junior analysts and interns; trained to identify key drivers of value and red flags for long and short opportunities; oversaw junior analysts' contribution to research on companies in the industrial sector.
    • Evaluated enabling technologies for leading-edge foundry/logic; recommended investment in ASM, maker of single-wafer ALD tools that benefit disproportionately from Node.js transition; position returned 150% and 100% versus SOX.
    • Refuted a widely publicized short thesis; recommended the stock after extensive fact-checks disproved each short thesis point; the investment resulted in a 2.5-time return over a two-year holding period.
    • Identified the company with an unviable business model valued as if it could attack large TAM; investigated unit economics of the business to gain conviction; recommended a short position that declined 95% in 14 months.
    • Spearheaded the research on the implications of COVID; evaluated scientific news on transmission, variants, and vaccines.
    Focus areas: Investing, Value Investing, Investment Ideas, Investments, Equity Investment, Investment Funds, Investment Thesis

  • Hedge Fund Analyst

    2017 - 2018
    Caro-Kann Capital
    • Developed a long thesis supported by a detailed financial model of a European specialty retail company. Demonstrated that the increased expenditures on acquiring new customers were the sole source of the decline in quarterly earnings.
    • Investigated the circular ownership of two interconnected conglomerates and formulated investment recommendations on the stocks based on a 40% discount on the net asset value.
    • Examined a distressed software company's business and capital structure and developed a thesis for a "short" recommendation on the stock.
    • Disproved a "long" thesis on a small-cap media company stock and convinced the portfolio manager against holding it two months before the stock lost 40% of its value.
    • Analyzed the trends in the telecommunications sector using both primary (industry experts) and secondary (research reports) methods to inform recommendations on current portfolio positions and new investments.
    Focus areas: Valuation Modeling, Valuation Multiples, Valuation Analysis, Equity Valuation, Equity Research, Financial Modeling, Investment Thesis, Value Investing

  • Associate

    2017 - 2017
    Patriot Capital
    • Examined opportunities to invest in mezzanine debt in more than 20 leveraged buyout (LBO) transactions with $20 to 200 million transaction values.
    • Developed an investment thesis for investing $109 million in convertible debt in a $160 million LBO of an automotive parts manufacturer based in Michigan.
    • Prepared a memorandum for the investment committee on a debt investment in an add-on acquisition by a private equity-backed company in the metal fabrication industry.
    • Formulated a thesis and presented a memo for the initial approval of financing for a $41 million LBO of a leading distributor of fittings and associated products in the U.S.
    • Assessed an opportunity to invest in a convertible debt in a more than $70 million transaction of a simultaneous merger of two staffing companies and LBO of NewCo by a private equity sponsor.
    Focus areas: Investment Monitoring, Liquidity Coverage Ratio (LCR), Private Equity, Private Equity Valuation, Private Company Valuation, Investor Presentations, Investment Thesis, Leveraged Buyout (LBO), Mergers & Acquisitions (M&A), Credit Risk, Credit Investing

  • Private Equity Associate

    2017 - 2017
    NextGen Growth Partners
    • Prepared LBO models, composed LOIs, and led the correspondence with sellers and bankers for seven prospective transactions.
    • Developed a thesis on clinical trial services and clinical trials site management industries by building a list of more than 100 potential targets with $1 to 10 million EBITDA and coordinated communications with the owners, resulting in advancing with three viable prospective targets.
    • Formulated a process to source proprietary deals; developed industry thesis and brought in more than ten potential acquisition targets.
    • Built projections and the LBO model for the potential acquisition of a fresh produce wholesale company with $145 million in annual sales; developed a value-creation plan and a list of potential add-on acquisitions.
    • Introduced a structure for a deal and contingent consideration that best aligns interests of the private equity firm and sellers of the company for a $12 million prospective transaction, resulting in signing an LOI and proceeding to the due diligence stage.
    Focus areas: Private Equity Valuation, Private Company Valuation, Investment Memoranda, Investment Thesis, Return Analysis, Leveraged Buyout (LBO), M&A (Buy-side), M&A Modeling, Mergers & Acquisitions (M&A), Private Equity

  • Business Consultant

    2014 - 2016
    ICMT
    • Planned a real estate redevelopment for a children’s entertainment center and developed a financial model for the project; optimized features of the center to maximize profitability—resulting in $500,000 in savings for a client.
    • Designed new subscription-based business model and a business plan for an online B2B platform for jewelry businesses; presented the service to jewelry retail chains and enabled a client to secure $30,000 in subscription contracts for the pilot version of the service.
    • Identified an opportunity to save $40,000 annually for a restaurant chain by improving their supply chain management.
    • Consulted a new brokerage company on its financial plan and established operating procedures—saving $60,000 on IT solutions.
    Focus areas: Management Accounting, Cost Reduction & Optimization, Cost Management, Business Advisory, Operational Finance, Business Planning, Financial Planning & Analysis (FP&A)

  • Business Valuation Consultant

    2014 - 2014
    Ernst & Young
    • Developed financial models and client deliverables for valuations of companies in the software and oil & gas sectors and of private-public partnership projects.
    • Verified valuations of 20 companies totaling more than $15 billion in value for IFRS accounting statements.
    • Researched discrepancies between the valuation of a company based on Bloomberg data and those based on EY template spreadsheet with Capital IQ data; prevented a $100 million valuation error for an M&A transaction.
    • Coached colleagues and worked with them on the valuation of option contracts of more than $100 million in total value.
    Focus areas: Private Company Valuation, Valuation Modeling, Financial Modeling, Purchase Price Allocation, Mergers & Acquisitions (M&A), Equity Valuation, Valuation Multiples, Transaction Modeling, M&A Modeling, Asset Valuation, Valuation Analysis, Valuation, Transaction Advisory

  • CFO/COO | Co-founder

    2012 - 2014
    Consescus-Web LLC
    • Founded an online clothing retail company; collaborated with a team of three people to partner with a clothes manufacturer and generated $600,000 in revenues in the first year of operations.
    • Built a financial model for internal projections and external financing efforts that resulted in raising $200,000 in private debt to finance working capital needs during the early stages of the startup.
    • Implemented a client relationship management system and increased average lifetime revenue per customer by 40%.
    • Analyzed the correlation of sales to marketing activities and external factors using a regression model and increased sales by 20% year-on-year with the same marketing budget, by optimizing the marketing expenditure.
    • Established the budgeting procedures and led the initiative to automate budgeting and control procedures in an ERP system.
    • Hired and supervised a sales team with in-depth expertise in clothes industry to obtain more than 15 loyal wholesale customers.
    Focus areas: Marketing Plans, Strategic Planning, Customer Lifetime Value, Management Accounting, Budget Controls, Revenue & Expense Projections, Operational Finance, Pricing Strategy, Finance Strategy, Financial Planning & Analysis (FP&A)

  • Auditor

    2012 - 2012
    KPMG
    • Audited the inventory and PP&E sections for clients in the industrials sector.
    • Executed procedures for an inventory section audit of the Transpolar division of Norilsk Nickel; ensured consistency with IFRS concerning a $900 million business division.
    • Designed a new inventory year-end cut-off test based on the analysis of data from three overlapping databases to be consistent with accounting standards and the client’s new accounting policy.
    • Presented calculations and proposed a correcting accounting transaction of $12 million that was accepted by the client’s accounting department.
    Focus areas: IFRS Adjustments, IFRS Audit Planning, Management, Audits

Education

  • Master of Business Administration (MBA) Degree in Analytic Finance, Economics, Entrepreneurship, and General Management
    2016 - 2018
    University of Chicago, Booth School of Business - Chicago, IL, USA
  • Chartered Financial Analyst (CFA) in Finance
    2012 - 2015
    CFA Institute - USA
  • Chartered Alternative Investment Analyst in Alternative Investments
    2013 - 2013
    CAIA Association - USA
  • Bachelor's Degree in Physics and Computer Science
    2008 - 2012
    Novosibirsk State University - Novosibirsk, Russia

Certifications

  • Chartered Financial Analyst (CFA)
    SEPTEMBER 2015 - PRESENT
    CFA Institute
  • Certified Financial Risk Manager (FRM)
    JANUARY 2014 - PRESENT
    GARP | Global Association of Risk Professionals
  • Chartered Alternative Investment Analyst (CAIA)
    NOVEMBER 2013 - PRESENT
    CAIA Association

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