
Canaras Capital Management, LLC is a privately held,
SEC-registered, investment advisor that was founded in 2006. Canaras is dedicated to alternative investing and financial problem solving. We seek to generate higher absolute returns with low volatility by identifying inefficiencies, capitalizing on unconventional investments and creating well-structured portfolio solutions. We search out new and innovative opportunities to remain a leader in alternative investments.Canaras offers a broad range of absolute return strategies and vanguard products for both institutional and high net worth investors. Our approach has performed through difficult economic environments and during unconventional and challenging recoveries. Our reputation is built on our hard-working talent, our intensive fundamental and technical research and our risk-averse philosophy.

Canaras has a different approach to alternative investments. While many managers discover an opportunity and then search for investors, Canaras seeks opportunities that respond to complex investor needs. Canaras does not follow a single strategy or market and we do not serve a broad investor base.
Our clients operate in difficult economic, political and tax environments that complicate normal return, risk and liquidity objectives. Solutions that succeed in these environments require expertise that goes far beyond asset selection and portfolio management. Canaras develops long-term and close relationships with clients. Our senior managers often interact with clients on a regular basis to fully understand their needs and to respond to macro- and micro- environmental changes. Our investment programs are typically private and involve a closely held group of investors.
Canaras' investment programs may range from large scale collateralized corporate loan obligations to niche venture initiatives. Our client solutions have involved large and small business lending, leveraged preferred share portfolios, distressed investments, asset-backed securities, private equity, real estate and cross border currency hedges. The common theme to these programs is a solution tailored to the investor’s needs and executed with intense credit analysis and a broad understanding of the surrounding economic, political and operating risks.

The Canaras Team is a group of dedicated employees of whom two-thirds are investment professionals. Our principals have been in the industry for over a quarter century during which time they built and managed successful investment businesses for leading financial institutions with total AUM of over $24 billion. The team is led by Anthony Clemente who was responsible for the development and growth of two successful global alternative asset management platforms.
Our analysts specialize in a number of different but related investment strategies. We encourage communication at all levels to promote the common goal of understanding the needs of our clients and the risks and rewards of each investment opportunity. Our dynamic and collaborative culture has helped us to attract and retain the highest-caliber employees.
(Click on each name for a detailed presentation)
Jeffrey C. Aborn
Operations Specialist
Jeffrey Aborn joined Canaras Capital Management, LLC in 2009 from US Bank in Boston where he was a Senior Portfolio Administrator. Prior to US Bank, he interned at the US Department of Commerce and the New Hampshire Division of International Commerce.
Jeffrey Aborn received his B.A. from the University of New Hampshire and his M.B.A. from Southern New Hampshire University.
Simon P. Airey
Senior Partner (Canaras Management Limited)
Simon Airey, a resident of Jersey, Channel Islands, is a non-executive director of several collective investment funds, hedge funds and related management companies and CDO managers. He trained as an accountant with Coopers & Lybrand and subsequently worked at Citibank in Jersey where his responsibilities included financial control, corporate banking and asset management structured products. He left Citibank Jersey in September, 1995, and continues to be a non-executive director of a number of companies established in Jersey, the Cayman Islands and Luxembourg.
Shiloh Bates, CFA®
Senior Investment Analyst
Shiloh Bates joined Canaras Capital Management, LLC in 2010 with over eight years experience as an investment analyst, working for First Union, Bank of America, ING Capital and Four Corners Capital Management. Additionally, he spent six years with the US Army Reserves Special Operations Command.
Shiloh Bates received his B.S. from Virginia Tech, and holds Masters degrees from the John F. Kennedy School of Government at Harvard University (Public Policy), the University of Chicago (Financial Mathematics) and from Columbia University (Statistics). He was awarded the Chartered Financial Analyst® professional designation in 2003 and completed the Certified Insolvency and Restructuring Advisor Exams in 2009.
Alan R. Chao
Portfolio Manager
Alan Chao joined Canaras Capital Management, LLC in 2006 from Citigroup Capital Markets, Inc., where he traded equity derivatives. Between 2000 and 2004, Alan Chao was a credit analyst with INVESCO, including helping the firm launch its first European CDO. He started his career with The Sumitomo Trust & Banking Co. spending 3 years in the project finance and commercial lending groups.
Alan Chao received a B.S. in Finance and Entrepreneurial Management from the Wharton School and a B.A.S. in Systems Engineering from the University of Pennsylvania. He obtained his M.B.A. from Columbia Business School.
Anthony R. Clemente
CEO
Anthony has over 28 years of experience in the credit markets, having worked early in his career in various credit and credit underwriting capacities for Fidelity Union Bank, Marine Midland Bank and Security Pacific Merchant Bank. In 1989, Anthony was a founding member of Merrill Lynch Asset Management’s leveraged loan business which offered one of the first retail mutual funds investing in this asset class.
After growing the Merrill Lynch business to nearly $8.5 billion assets under management, he joined INVESCO, where he was a Global Partner and head of the Bank Loan and CDO businesses. He also grew the INVESCO business to nearly $8.5 billion assets under management encompassing 17 structures and accounts that invested in leveraged loans, asset backed securities, high yield bonds and investment grade bonds.
As one of the principal advocates for the credit industry, Anthony served on the Board of Directors of the Loan Syndications and Trading Association in the mid and late 1990’s. He contributed extensively to the development of industry standard agreements and the standardized market procedures that facilitated asset trading and the expansion of secondary markets. Anthony holds a BA in Economics from St. Lawrence University.
Susan DeMonte
Executive Assistant
Susan DeMonte joined Canaras Capital Management, LLC in 2006 from INVESCO and the Bank Loan Group, where she assisted the head of the group, portfolio managers, research staff and operations. Prior to joining INVESCO, she worked for Sovlink-American Corporation, a Russian-American Merchant Bank, as an executive assistant and office manager. During her tenure at Philipp Brothers (Phibro), a commodities trading firm, Susan DeMonte was VP/Department Head assistant, Group VP/Section Head assistant and Human Resources assistant.
Andrew J. Heller
Senior Investment Analyst
Prior to joining Canaras Capital Management, LLC in 2006, Andrew Heller worked at Houlihan, Lokey, Howard & Zukin, where he was an integral part of the Financial Restructuring Group advising on restructuring, distressed M&A and valuation. He has also held various positions at Citigroup related to leverage loans, recovery management, structural finance and asset-based lending.
Andrew Heller received a B.A. in Economics from Duke University as well as an M.B.A. from Columbia Business School.
Maria L. Jones
Chief Operating Officer
Maria Jones joined Canaras Capital Management, LLC in 2006 from Goldman Sachs Asset Management, where she was the team leader for bank loan operations. In this role, she worked with direct bank loan investments through various hedge funds and total return swaps. Prior to Goldman, Maria Jones spent six years at INVESCO, where she managed the day-to-day operations of 17 CLOs, CDOs and other separately managed accounts. She started her career at Loan Pricing Corporation, a Reuters company.
Maria Jones holds a B.S. from New York University's Stern School of Business.
Elizabeth S. Lee
Analyst
Elizabeth Lee joined Canaras Capital Management, LLC in 2008 from King's College London, University, after working as an intern with the firm in the summer of 2007.
Elizabeth Lee received a B.S. in Business Management from King's College London, University.
Richard D. Levinson
Richard Levinson works closely with Canaras in the development of structured solutions for clients. He is the founder and managing director of a number of Canaras partner initiatives including Sage Group Limited, Croton Enterprise Limited, Saranac ABL LLC, Quad-C Funding LLC and Phoenix Energy.
Richard Levinson has over 30 years experience in structured finance, risk management, asset management and private banking. He specializes in the creation and execution of complex cross border structured transactions and related advisory services. He has served as a board member of several investment corporations, hedge funds and CDOs and was appointed by the US Bankruptcy Court as a member of the Creditors Committee for the resolution and liquidation of a global financial institution.
Previously, he spent 18 years with Citibank in a variety of treasury, risk management and asset management positions. In 1988, he became Citibank’s U.S. Country Treasurer, a founding member of its Market Risk Policy Committee and Chairman of the US Asset Liability Committee. In 1994, he became global treasurer and head of structured finance for the Citibank Private Bank.
Richard Levinson holds a B.A. in Economics and an M.S. in Operations Research from Union College and an M.A. in Finance from the University of Pennsylvania. He served as adjunct faculty at the Wharton School and other business schools and provided seminars for central banks and other regulatory agencies in several countries.
David E. McClean, Ph.D.
Chief Compliance Officer
David McClean joined Canaras Capital Management, LLC as Chief Compliance Officer in 2007. Since 1992 he has been Principal of the DMA Consulting Group, a regulatory and business consultancy to the financial services industry. David serves or has served as Chief Compliance Officer for several client firms, including Aladdin Capital Management and Sailfish Capital Partners. Prior to DMA, he served as an officer in various legal compliance positions at Van Eck Global, BV Capital Management and National Securities & Research Corporation.
David McClean studied at Hunter College (B.A., 1986), NYU (M.A., 1996), and The New School for Social Research, M.A. (2003) and Ph.D. (2009). He holds FINRA’s Series 7, 24, 27, 63, 79 and 82 licenses. Additionally, he is a Lecturer at Rutgers University (Newark) and teaches several courses in business ethics, including ethics in financial services.
Ryan D. Mingo
Analyst
Ryan Mingo joined Canaras Capital Management, LLC in 2010 from KPMG LLP, where he was an associate in the Economic & Valuation Services practice performing valuations for mergers, acquisitions, bankruptcy and reorganization purposes.
Ryan Mingo received his B.A. in Chinese and Economics from the University of Notre Dame.
Elizabeth R. O'Connor
Accountant
Elizabeth O'Connor joined Canaras Capital Management, LLC in 2007 from Manhattan College where she received a B.S. in Business Management.
Elizabeth O'Connor also works with Goods of Conscience as a Business Administrator. Goods of Conscience is a 501-C3 Non-Profit organization supporting economic growth for the poor in Guatemala and in the United States.
Benjamin S. Steger, CFA®
Senior Investment Analyst
Benjamin Steger joined Canaras Capital Management, LLC in 2006 with a strong background in fundamental credit research. Prior to Canaras, he worked for INVESCO as a bank loan research analyst. He received his credit training during his tenure as an investment analyst at Prudential Financial.
Benjamin Steger received a B.S. in Finance from Rutgers, the State University of New Jersey, and was awarded the Chartered Financial Analyst® professional designation in 2005.
Richard J. Vratanina
Senior Investment Analyst
Richard Vratanina joined Canaras Capital Management, LLC in 2008 with over 14 years experience in investment banking and financial services. Most recently, he spent 4 years in Morgan Stanley's Leveraged Finance group specializing in the Energy sectors. Prior to that Richard Vratanina worked for 5 years in the Power and Energy credit group at TD Securities. Before graduate school Richard spent 4 years with Accenture in their Financial Services group.
Richard Vratanina received an M.B.A. from New York University's Stern School of Business, as well as a B.S. in Industrial Management/Computer Science from Purdue University.

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US Office (Global Headquarters)
130 West 42nd Street
Suite 1500
New York, New York 10036
Tel: +1.212.372.7444
Fax: +1.212.372.7449
European Office
Templar House
Don Road
St. Helier
Jersey JE1 2TR
Channel Islands
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Tel: +44.1534.519.950
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