Intelligent Convex Hedging

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A1A Capital Management LLC is a dynamic firm founded by a team of seasoned professionals dedicated to pioneering innovative structures within the fixed income capital markets.

Led by Founding Partners Robert M. Grillo, Donald S. Uderitz, Peter Freilinger, CFA, and Jorge Rodriguez Lugo, the team brings over 120 years of collective expertise in fixed income trading, sales, derivatives, mortgage-backed securities, structured products, and arbitrage strategies. Drawing from their careers at institutions such as J.P. Morgan, Bank of America Merrill Lynch, Federal Home Loan Mortgage Corporation, Barclays Global Investors, and Lehman Brothers, they have a unique history and experience in managing complex portfolios, hedging risks, and identifying relative value opportunities, positioning A1A Capital to drive strategic advancements in the evolving landscape of capital markets.

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A1A Principals - Biographies

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Robert M. Grillo Stuart, FL

Robert M. Grillo is a Founding Partner and Managing Member of A1A Capital Management LLC with over 35 years of experience in fixed income trading and sales. Starting in 1990 at J.P. Morgan in fixed income sales, he specialized in USD rates, options, and mortgage-backed securities, later trading structured products at hedge funds. From 2007, Rob held senior sales roles at J.P. Morgan and Bank of America Merrill Lynch, leading global rates strategies.

As a Founding Partner and Managing Member of A1A Capital, he drives fixed income arbitrage initiatives. Rob holds a B.A. from St. John’s University and advises firms through RMAG, LLC.

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Donald S. Uderitz Delray Beach, FL

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Donald S. Uderitz is a Founding Partner of A1A Capital Management LLC with over 30 years of experience in fixed income and investment management. Starting at the Federal Home Loan Mortgage Corporation, he gained expertise in structuring mortgages and derivatives, later serving as co-head of mortgages at III, a major fixed income hedge fund. In 2005, Don founded Vantage Capital Group, focusing on arbitrage in structured products like whole loan CMOs and CLOs.

As a Founding Partner of A1A Capital, he leads strategic investment initiatives. Don holds a B.A. in Economics from SUNY Brockport (1988, cum laude) and an MBA from The College of William and Mary (1991).

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Peter Freilinger, CFA Scarborough, ME

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Peter Freilinger, CFA, is a Founding Partner of A1A Capital Management LLC with over 30 years of experience in derivatives and capital markets. Beginning in 1995 at Barclays Global Investors, he managed $30 billion in mortgage-backed securities and derivatives arbitrage portfolios, later overseeing liquidity and asset-liability strategies at Washington Mutual. Since 2012, Peter has held senior roles, including Treasurer at ATB Financial and Head of Global Structural Reform at Barclays plc, and provided consulting on hedging and asset valuation.

As a Founding Partner of A1A Capital, he drives strategic financial solutions. Peter holds a B.A. from Harvard College (1995, cum laude) and a CFA designation, and serves on several non-profit advisory boards.

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Jorge Rodriguez Lugo Palm Beach, FL

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Jorge Rodriguez Lugo is a Founding Partner of A1A Capital Management LLC with over 35 years of experience in fixed income and institutional bond sales. Beginning his career in 1984 at E.F. Hutton, he held roles at Chase and Lehman Brothers, specializing in marketing derivatives, mortgage-backed securities, and structured assets to institutional clients. Since 2005, Jorge has partnered with Vantage Capital Group, focusing on relative value arbitrage in structured products, including agency CMOs and consumer credit ABS.

As a Founding Partner of A1A Capital, he drives innovative arbitrage solutions. Jorge holds a B.A. from the University of Massachusetts (1978).