Scott Schaefer is the Managing Member of Steelhead Partners, LLC, an investment advisory firm based
in Seattle, Washington. As an investment advisor, Steelhead primarily manages hedge funds, the largest
of which is Steelhead Pathfinder Fund, a fund focused on a convertible arbitrage strategy. Founded in
1996, Scott joined Steelhead in 2005 to start the Pathfinder Fund. He became Steelhead’s Managing
Member in 2019. In 2023, after 17+ years as Pathfinder’s portfolio manager, Scott transitioned from
day-to-day management of the strategy to a role of oversight, strategy, risk management and advisory.
Steelhead has approximately $1.4 billion in assets under management.
Scott has over 35 years of portfolio management experience spanning fixed income, derivative, and
convertible securities investing. His interest in convertible securities was sparked in the early 1990s
while co-managing a $5 billion investment-grade corporate bond portfolio at Loews Corporation. There,
in 1998, Scott proposed and launched a new strategy focusing on convertible bond investing. Scott
continuously refined and perfected his strategy until his departure from Loews to join Steelhead in
2005.
Prior to joining Loews, Scott was with Prudential Insurance, where he was the portfolio manager for two
fixed-income mutual funds. At Prudential, he gained experience investing in government, corporate, and
mortgage-backed securities, as well as hedging with futures and options. Scott began his career with
IBM as a computer programmer.
Scott graduated magna cum laude and Phi Beta Kappa from Duke University, with dual majors in
economics and computer science. He received his MBA in finance from the Wharton School of the
University of Pennsylvania.