The investment technology company Everysk named Guggenheim veteran Terri Engelman Rhoads and tech entrepreneur Rufus Griscom to its board of advisors.
At the same time, Nick Beattie has joined Everysk as partner, heading up business development. He brings more than eight years’ experience providing portfolio analytics and investment decision tools for hedge funds, asset managers, banks and pensions with RiskMetrics, MSCI Barra and Axioma. He also has worked in alternatives manager research at investment consulting firm Rocaton Investment Advisors.
Engelman Rhoads, formerly president of Guggenheim Management Partners, has worked with institutional investors for decades with customized managed account solutions in the alternatives space. She has served on investment committees and the board of directors of both public and private pensions, endowments and consultants assisting with investments in the alternatives space, including the consultant Pavilion Financial, which was recently acquired by Mercer.
Rufus Griscom joined the board and is the entrepreneur behind tech success stories such as Babble.com (acquired by Disney).
“We are in the midst of an exciting growth period for Everysk and these three individuals are adding tremendous value to our business,” said Allan Brik, PhD, CEO of Everysk and former partner and chief risk officer at multi-billion-dollar hedge fund-of-funds Arden Asset Management.
Everysk offers a portfolio risk and automation system that allows asset managers to establish robust risk processes. The technology provides forward-looking stress testing, factor modelling and risk attribution for multi-asset, multi-currency portfolios covering 90 exchanges, 200,000 global equities, 40 currencies, government and corporate bonds, derivatives and private assets.
Earlier this year, the firm received substantial backing from an undisclosed source to be used for company expansion and product development.