Jason Mcrae

Jason McRae, ABV, CFA, FPACM PROFILE CFA-chartered financial analyst and ABV-certified valuation professional with 20+ years analyzing private/public companies in the equity and debt markets. Expert in building forward-looking DCF, LBO & M&A and 3 statement financial models. Also active in valuation and scenario modeling. QUALIFICATIONS  Financial Modeling: DCF, M&A, forecasting, capital budgeting.  Valuation: Equity, fixed income, & privates.  Technical Tools: Excel (advanced), PowerPoint, Word, Bloomberg/FactSet, Option analytics (Forester, Pengana) PROFESSIONAL EXPERIENCE Forester Capital: Contract Equity Analyst Remote 08/22-Present Forester Value (FVALX) all cap value hedged equity mutual fund.  Consulting work for the Forester Value Fund.  Generalist fundamental analysis on companies, including building financial statements and creating forecasts. Zeke Capital Advisors: Senior Research Associate Berwyn, PA 04/21-7/22 Family office involved with long only, hedge fund & private equity investments with $6.5 billion in AUM.  Conducted fundamental research for public and private companies under event, growth, income and value strategies.  Performed M&A analysis of companies and determined if the transaction would be accretive or dilutive.  Created in-depth financial models for various companies and industries.  Led investment teams analyzing potential private investments.  Wrote detailed research reports and created PowerPoint presentations for the investment committee. Forester Capital: Partner, Portfolio Manager Lake Forest, IL 08/10-2/21 Forester Value (FVALX) and Forester Discovery International (INTLX) all cap value hedged equity mutual funds  Portfolio manager for the Forester Discovery International Fund (INTLX) under a dividend value stock strategy.  Portfolio manager for the energy, industrial and utility sectors for the domestic Forester Value Fund (FVALX).  Portfolio manager for SMA and HNW accounts.  Forecasted profitability of companies under different economic scenarios.  Valued companies based on relative value, trading comps and DCF.  Analyzed revenue drivers of businesses to forecast future financial results.  Fundamental analysis included building financial models, reviewing industry fundamentals and recognizing stock catalysts. Pengana Capital: Contract Research Analyst Global Hedge fund with offices located in Australia, United States, Asia and U.K  Trades were created around company fundamentals, macro and commodity outlooks. Chicago, IL 06/09-08/10 Next Generation Equity Research: Equity Research Analyst Boutique Investment Band focusing on small cap companies.  Built detailed financial models that were used in consensus street estimates.  Specialized in covering companies that were overlooked by large Wall Street Banks. Chicago, IL 03/08-11/08 AAM Company: IG,HY & Private Fixed Income Research Analyst Chicago, IL 03/02-03/08 Fixed Income Institutional money manager with $26.5 billion in AUM  Worked with bank loans, investment grade, high yield and private bonds.  Performed rigorous financial statement analysis to determine if credit ratings and spreads reflected underlying fundamentals.  Evaluated LBO events such as Kinder Morgan.  Created a proprietary model that estimates future credit ratings based on my estimates. Research Assistant 02/01- 03/02  Assisted the internal research department with generalist research of industries. EDUCATION DePaul University Kellstadt School of Business-MBA. Concentration: Finance Lake Forest College-BA. Major: Economics/Minor: Politics -Internship Spring 1999-Merrill Lynch, Euro bond trading floor, London, England Chicago, IL 08/04-08/07 Lake Forest, IL 08/96-06/00 CERTIFICATIONS/PROFESSIONAL ASSOCIATIONS Chartered Financial Analyst (CFA) Charter Holder 10’, Accredited in Business Valuation (ABV) 23’, AICPA member 23’. FP&A Professionals Institute 26’.