About
Dr. Lester Coyle is Principal and Chief Investment Officer at III Capital Management, based in Boca Raton, Florida. He joined III Capital Management in 2005, where he serves as portfolio manager and oversees the firm’s credit funds, leading investment strategy and risk management for the credit portfolio.
His expertise is concentrated in structured credit, particularly short-dated structured credit, collateralized loan obligations (CLOs), and commercial mortgage-backed securities (CMBS); he also evaluates opportunities across various fixed income asset classes. Previously, Dr. Coyle was Head of Credit Correlation Trading at Commerzbank and held roles as a credit trader and quantitative model builder at Bank One, specializing in both single-name and correlation trading in credit markets.
Dr. Coyle holds a Ph.D. in Mathematics and Philosophy from the University of Michigan and a Bachelor's in Mathematics from Trinity College Dublin. Recognized for his quantitative and credit market expertise, he is noted for his early and successful trades in the structured credit space, contributing to the industry’s evolution toward greater transparency and efficiency.
Career History
| Organization | Role | Date Range | Details |
|---|---|---|---|
| III Capital Management | Portfolio Manager | Jan 2005 to Present | — |
| Commerzbank AG | Correlation Trader | Jan 2004 to Jan 2005 | — |
| Bank One | Credit Trader | Jan 2000 to Jan 2004 | — |
| Loyola University Maryland | Assistant Professor of Mathematics | Jan 1997 to Jan 2000 | — |
| Duke University | Assistant Professor of Mathematics | Jun 1995 to Jun 1997 | — |
| III Capital Management | Co-CIO | Unknown to Present | — |
Education
University of Michigan
Doctor Of Philosophy, Mathematics, Philosophy
1990 — 1995
Trinity College, Dublin
Bachelors, Mathematics
1985 — 1989
Wesley College
Skills & Expertise
Others at III Capital Management (8)
| Name | Role | Location |
|---|---|---|
C Chris Wren | Rates Trader | Delray Beach, FL , United States |
G Garth Friesen | Portfolio Manager | Boca Raton, FL , United States |
A Amit Gandhi | Principal and Portfolio Manager | New York, NY , United States |
G Gang Ning | Senior Quant Analyst, Rates Trading Desk | Boca Raton, FL , United States |
 | Equity Derivatives Trader | New York, NY , United States |
S Surya Kalia | Quantitative Analyst | Chicago, IL , United States |
W Wesley W | Quantitative Researcher | Boca Raton, FL , United States |
 | Quantitative Analyst | United States |
Similar Fund Managers
| Name | Role | Fund | Location |
|---|---|---|---|
B Bobak Moazami | Analyst | Appaloosa LP | New York, NY , United States |
 | Trader | Appaloosa LP | New York, NY , United States |
 | Research Analyst | Voloridge Investment Management, LLC | West Palm Beach, FL , United States |
 | Research Analyst | Voloridge Investment Management, LLC | Jupiter, FL , United States |
