Convergence Investment Management is a Registered Investment Advisory firm that focuses on unique opportunities within the Closed-End Fund and Exchange Traded Fund marketplaces. We believe that the markets, while very efficient, are not perfectly efficient and that opportunities for superior risk adjusted returns exist for those willing to put in the work to identify short-term price dislocations. Charles “Chad” Gray is Convergence Investment Management’s Portfolio Manager. Prior to launching Convergence, Mr. Gray spent much of professional his career in Silicon Valley developing better data analytics platforms and data management techniques, many of which have been applied to the Convergence approach. Mr. Gray earned both an M.B.A. and M.S. in Electrical Engineering from Massachusetts Institute of Technology, and a B.S. in Engineering from Northwestern University. He has also earned the CFA designation and is an active member with the CFA Society of San Francisco.
Day trader whose strategy is based on arbitrages in preferred stocks and closed end funds.My group consists of 10 traders.We trade every single preferred stock or closed end fund that provides an arbitrage opportunity. Our research includes stocks that most of the people have not even heard. We have developed our own statistical tools that make most of our arbitrages statistically proven. As a trader I don't just analyse , I trade my analysis and pay the price when I am wrong.That is the main reason I respect opinions only when backed by taking the risk of being wrong.Words or opinions mean nothing in this business and the only person who is right about a certain situation is the one who makes money out of it.
I feel very lucky to have come across "Seeking Alpha". I'm 38 and I've been investing since I was 18 right out of High School. My investment platform during college (University of Missouri) was Foliofn. I then changed to Scottrade then to Motif Investing where I currently invest/trade.
My current long term holdings are JNJ, LMT, GM, USB, UPS, MSFT, AMGN, T, SO, GILD, AAPL, CAT, CSCO, PFE, GPC, HD, MET, CVX, FB, WFC, DOW, DIS, ABBV, O, PM, MAIN, FSRL, TSL, CVS, MDT, EPR, OHI, RL, WHR, CELG, BIIB, TEVA & CERN. I've always been a huge fan of dividend investing and I'm constantly looking for quality U.S. equities that support a 2.5% to 5% annual yield. DGI is a new concept for me and I look forward to utilizing this technique moving forward. I've already learned so much from the excellent contributors here on "Seeking Alpha" and I look forward to becoming a smarter investor after each passing day of being on the site.
I am recently retired after a career working for equipment manufacturers for the cable television industry. Education is BSEE and MSEE from Lehigh University. Initally worked as a designer of microwave devices - vacuum tubes for radar applications at ITT then solid state GaAs devices at Monsanto. With this RF engineering background I moved on to the CATV industry in 1971.
Although I spent some time as general manager of several smallish divisions of the parent company, most of my experience has been in product management, marketing, and business development roles, developing strategies to match new technologies to emerging customer needs. Employers during this time were Texscan, Skyconnect, Philips, C-COR, and ARRIS.
Investment goals today are to transition my IRA nest egg to an adequate "paycheck replacement" portfolio in a sustainable way. Indeed a learning experience! Thus I have particular focus on finding the balance between high yield and safety within an IRA. Specific attention to REIT's, BDC's, CEF's, Dividend Champions, Preferreds, and opportunities with low market correlation.
I am an early career scientific researcher who has taken a strong interest in investing, both for achieving my personal financial goals as well as serving as an alternative conduit where critical and logical thinking are appreciated and rewarded. I write articles to share ideas, refine my own thinking and invite discussion from the astute readership of Seeking Alpha.
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Within the academic field, I have a career total of 87 articles and 5 book chapters, 2,600 total citations and an h-index of 31 (metrics from Google Scholar).