Penso names Brevan Howard co-founder and others to advisory board

Penso Advisors formed its inaugural advisory board consisting of executives from the hedge fund, endowment and pension communities. The New York-based manager and advisor specializes in discretionary macro and risk mitigating strategies said the board will provide perspectives on global macro investing, investment operations and institutional risk and portfolio management. The board includes: Alan Howard, co-founder of Brevan Howard; Raymond Kanner, former CIO of IBM Retirement Funds; and Mike Edleson, former CRO of The University of Chicago Office of Investments. “As a client of Penso for almost a decade, I was always impressed by their creative, cost-effective, smart and successful solutions for adding much-needed convexity to our portfolio,” said Edelson, who recently retired from the CRO post he had held since 2010. Penso Founder and CIO Ari Bergmann “We are delighted that these three distinguished industry veterans have joined our newly established Penso Advisory Board,” said Ari Bergmann, founder and CIO of Penso Advisors. The current unprecedented market environment has meant strong interest from institutional investors for Penso’s multi-asset derivatives approach to risk mitigation in order to maintain downside protection for secondary drawdowns, according to Jaime Shechter, senior managing director and COO of Penso. “Having known each of these individuals for many years, we’re excited to be able to utilize their world class experience and expertise for the benefit of our client base,” Shechter added.

Penso names Brevan Howard co-founder and others to advisory board

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