In this inaugural episode of “Journeys to the Summit,” Ilya Zlotnik, advisor and partner at Vivaldi Capital Management, sits down with David Sternberg, the CEO and co-founder of Vivaldi Capital. Their conversation dives into David’s multifaceted career—from his early days on the trading floor to becoming a pivotal figure in finance.
Early Beginnings: David’s journey wasn’t typical. Originally planning a career in real estate, a chance encounter with a trader led him to the bustling floors of the Chicago Board of Options Exchange (CBOE). Captivated by the dynamic environment, David knew instantly that trading was his calling. Starting as a runner and quickly moving up, his keen ability to calculate and react swiftly set him apart from his peers, eventually earning him the nickname “Beast” for his formidable presence on the floor.
Adapting and Succeeding: Throughout his career, David exhibited a remarkable ability to adapt and thrive in various financial landscapes. Whether navigating the intense scenarios of floor trading or managing hedge funds through turbulent markets, his strategic approach to risk management consistently led to success. Notably, during the 1987 market crash, while others faltered, David’s rigorous hedging strategies shielded his team from catastrophic losses, showcasing his foresight and discipline.
Transition to Leadership: After retiring from active trading, David’s passion for finance didn’t wane. Instead, he channeled his expertise into Vivaldi, establishing a firm that uniquely combines traditional wealth management with the sophisticated realm of alternative investments. Under his leadership, Vivaldi has grown into a robust financial entity, managing assets worth billions and maintaining a client-centric approach that resonates with both novice and seasoned investors.
David Sternberg’s narrative is more than just a tale of financial acumen. It’s a testament to the power of adaptability, foresight, and unwavering commitment to one’s principles. As Vivaldi continues to evolve, David’s foundational strategies and entrepreneurial spirit remain at the heart of the firm’s enduring success. Click here to learn more about Vivaldi’s approach.
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