Steelhead Partners, LLC
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Investment Team


800 - 5th Avenue, Suite 3700
Seattle, WA 98104
206.307.0910 main

partner bios

Investment Team

Scott Schaefer
J. Michael Johnston
Brian Klein
Nick McFarland
Chris Brown
Trevor Bovero

Scott Schaefer, CFA

Managing Member and Portfolio Manager, Convertible Strategies
  • Scott joined Steelhead in 2005 from Loews Corporation. He and firm co-founder Michael Johnston were previously colleagues at both Loews and Prudential Insurance.
  • In 1992, Scott joined Loews as a senior vice president and senior portfolio manager. As co-manager of the investment-grade corporate portfolio, he was responsible for over $5 billion in assets. During this time he developed an interest in convertible securities and, with Loews' support, launched an in-house portfolio. By 2003 he was running convertible funds totaling $800 million.
  • Upon completing his MBA, Scott joined Prudential Insurance as a portfolio manager. He assumed responsibility for two fixed-income mutual funds, as well as the fixed-income components of two asset allocation funds. He became the designated investment-grade corporate bond expert in the mutual fund group.
  • Scott began his career at IBM in Bethesda, Maryland as a computer programmer.
  • He interned at The Travelers as an investment analyst, modeling optionality in corporate bonds.
  • Scott was educated at Duke University (magna cum laude and Phi Beta Kappa). He graduated with dual majors in economics and computer science and received his MBA in finance from the Wharton School of the University of Pennsylvania.
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J. Michael Johnston

Steelhead Partners Co-founder and Member, Equity Strategies
  • Michael co-founded Steelhead Partners, LLC in late 1996.  He manages the firm’s equity strategies.
  • As senior vice president and senior portfolio manager at Loews Corporation, he co-managed over $5 billion in corporate bonds and managed an equity portfolio.
  • Michael began his investment career at Prudential Insurance as a high yield and investment grade credit analyst. He was promoted to co-portfolio manager of an $11 billion fixed income portfolio.
  • Other applicable experience includes responsibilities as a credit analyst at Texas American Bank.
  • He graduated with honors from Texas Christian University with a B.A. in finance and received his MBA from the Johnson Graduate School of Business at Cornell University.
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Brian Klein

Steelhead Partners Co-founder and Member
  • Brian co-founded Steelhead Partners, LLC in late 1996.
  • As vice president and executive director in the equities division at Goldman Sachs, Brian worked with some of the world's largest institutional investors in Frankfurt, Germany, and Boston.
  • Brian was trained in credit analysis at the Bayerische Vereinsbank in Munich, Germany. He started in the credit department before serving as assistant to the director of investment banking.
  • He graduated from Texas Christian University with a B.A. in history and earned his MBA at Southern Methodist University.
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Nick McFarland, CFA

Co-Portfolio Manager, Pathfinder Group Partner, Convertible Strategies 
  • Nick joined Steelhead Partners in 2008 to assist Scott Schaefer with research and analysis in the convertibles arena.
  • Prior to joining Steelhead, Nick worked with several value/credit-oriented funds (including Franklin Templeton Investments), performing credit analysis, building financial models, and developing trading strategies.
  • Nick spent six years in derivatives research and trading at Russell Investment Group (formerly Frank Russell Co.) and Rotella Capital Management.
  • He graduated with a B.A. in business leadership (finance emphasis) from University of Puget Sound and received his MBA from the Haas School of Business at the University of California, Berkeley.
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Chris Brown, CFA, CPA

  • Chris joined Steelhead as an analyst on the Pathfinder team in 2014 upon graduating from University of Washington.
  • His undergraduate work experience included internships with Deloitte & Touche's Audit group and Morgan Stanley's Private Wealth Management group, as well as assisting with teaching a UW MBA accounting course.
  • His undergraduate research focused on fraudulent financial reporting.
  • Chris graduated with a B.A. in business administration with a concentration in accounting and finance.

Trevor Bovero

  • Trevor joined Steelhead as an analyst on the Pathfinder team in 2019 upon graduating from Oregon State University.
  • His work experience includes internships in corporate financial planning and analysis at Precision Cast Parts and in finance and accounting at Gartner. As a student, Trevor served as a portfolio manager of OSU's student investment group and as president of the finance club. He was also an active contributor to Seeking Alpha.
  • Trevor graduated with a B.S. in finance and a minor in music.
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