400 Capital Management is an employee-owned firm led by four partners who share a long history of working together in the structured credit markets through multiple market cycles and business development experiences.
CHRIS HENTEMANNManaging Partner & Chief Investment OfficerOpen or Close
Chris Hentemann organized and launched 400 Capital Management LLC (“400CM”) in October 2008. Chris is Chief Investment Officer and Chairs the Firm’s Operating and Investment Committees. Prior to 400CM, Chris was the Head of Global Structured Products at Banc of America Securities (“BAS”) where he led the strategy for lending, securitization, trading, sales, research and investment management of residential and commercial mortgage, asset-backed, CLO, tax and credit derivatives. Prior to joining BAS, Chris spent two years as a Vice President at Salomon Brothers Inc. as a senior trader in residential mortgage securities, CMO’s and derivatives. Chris began his career at CS First Boston where he was responsible for trading and structuring residential mortgage securities, CMO’s and derivatives. Chris also serves on the Board of Directors for Renovate America, a private clean energy finance and technology company based in San Diego, and InterNex Capital, a digital asset-based lender providing working capital financing to small and medium sized businesses based in New York City. In addition, he serves on the Board of Directors for the Boston College Wall Street Council and the Henrik Lundqvist Foundation. Chris graduated from the Carroll School of Management at Boston College in 1990 with a Bachelor of Science in Finance.
BILL SANDERSPartner, President, Chief Operating Officer & Chief Risk OfficerOpen or Close
Bill Sanders joined 400CM in 2010 and is a Partner, President Chief Operating Officer and Chief Risk Officer. He is responsible for risk management, investment policy, capital formation and strategic business initiatives. He serves as a member of the Investment and Operating Committees. Prior to 400CM, Bill was a Founding Partner, Board Member and Co-Head of Trading for Amherst Holdings LLC, a privately held financial services firm specializing in mortgage backed securities and structured products. In his role at Amherst, Bill oversaw trading, capital allocation, risk management and treasury functions. In addition, Bill acted as Chief Operating Officer overseeing accounting, control and general administration. As part of the senior management team, Bill helped lead a $225 million strategic capital raise in 2008 which enabled Amherst to expand operations and finance new initiatives. Bill has thirty years of financial services experience and, in addition to 400CM and Amherst, has held senior trading and management positions at Freddie Mac, Bank of America and First Boston. Bill earned a B.S. with honors in Business and Economics from the University of Delaware in 1986. Bill currently serves on the Board at PSI; a Washington, DC based nonprofit providing global health services in more than fifty countries (www.psi.org). Bill is the founding Chairman of The Wine Advocate Fund for Philanthropy whose focus is to raise money for various types of cancer research (www.wineadvocatefund.org) which has benefited the Dana Farber Cancer Institute in Boston and Johns Hopkins Medical Center in Maryland. In addition, he is a Trustee for Destin Charity Wine Foundation (www.dcwaf.org/about) and Co-Chair of the University of Virginia’s Parent’s Fund.
ALEX CHAPartner, Head of Portfolio Management & TradingOpen or Close
Alex Cha joined 400CM in 2010 as a Partner and Head of Portfolio Management and Trading. He is responsible for sector allocation, asset selection, trading and risk management. He serves as a member of the Investment and Operating Committees. He joined 400CM from Banc of America Securities where he was the Head of ABS Credit Trading responsible for a team of traders and quantitative analysts committing capital in private label RMBS, credit derivatives, whole loans and residuals. During his fourteen year tenure at BAS, Alex also spent two years in London developing the firm’s expertise in dollar and non-dollar denominated ABS as Head of European ABS trading and syndicate. Prior to London, Alex‘s previous trading responsibilities included Head of Structured Finance CDO trading and syndicate, Agency CMO trading and ABS trading. Before joining the financial industry, Alex worked at Lockheed Martin where his primary responsibility was Naval Weapons Systems design for the U.S. Navy. Alex holds a Masters in Electrical Engineering from Johns Hopkins University and a MBA from the University of Chicago. Alex holds a B.S. in Computer Science from Rensselaer Polytechnic Institute.
TODD LEIHPartner, Senior Portfolio ManagerOpen or Close
Todd Leih joined 400CM in early 2011 and is currently a Partner and Senior Portfolio Manager. In this capacity he is responsible for sector allocation, asset selection, trading and risk management. He serves as a member of the Investment and Operating Committees. Prior to joining 400CM, Todd was a senior portfolio manager for Jane Street. During his tenure at Jane Street, Todd developed, executed and managed the portfolio strategies for distressed structured credit products. Prior to Jane Street, Todd was a Principal at Banc of America Securities where he was a senior market-maker for RMBS trading and helped develop the Firm’s early experience trading synthetic RMBS index products such as ABX. Todd joined BAS in 2002 as a research analyst covering consumer ABS strategies. Prior to BAS, Todd worked for i2 Technologies as a software engineer and Salomon Brothers as a MBS research analyst. Todd graduated from the Massachusetts Institute of Technology in 1997 with a Bachelor of Science in Mathematics.