Michael Ross

Michael Ross

CIO and sole GP of Joseph Ventures

Ph.D., CFA Michael Ross is CIO and sole GP of Joseph Ventures. He was a former Vice President of Technology Investment Banking covering Israel for Bank of America. Michael has also worked at Sanford C. Bernstein, Salomon Smith Barney/Citi and Lehman Brothers and was the sole lead analyst to a hedge fund that was, at that time, ranked by Bloomberg as number one performer among hedge funds in equity strategies. Launched in April 2017, Joseph Ventures Allium, advised by Joseph Ventures, currently has 17 portfolio companies; 15 of those are in life science and 13 of those are in biotech

Joseph Ventures Allium funds have a current value under management of $70 million; the majority LP is a $500 million family office that is a relative of the GP. Michael’s Ph.D. is in finance from U.C. Berkeley, with a focus on corporate finance and, as a concurrent pursuit, the invention of numerous fixed income and derivative products, following undergraduate degrees from The Wharton School and from the University of Pennsylvania’s College of Arts and Sciences with one year at the London School of Economics.

This past June was the 30th anniversary of Michael becoming a CFA charter holder. Michael is the first to invent what is now one of two products called the CoCo bond, the type which enables corporations to avoid leverage-related bankruptcy, and is co-inventor of the soft barrier option, original inventor of the at-the-middle trade order type, and numerous other financial products, and with co-authors is the first to price the cliquet, ladder, shout, reload and constant dollar options. Michael has written two distinct US health care reform plans, one optimized for Democrats and the other optimized for Republicans and has also authored a tax reform plan and a NASDAQ reform plan. 

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