Opalesque Industry Update - Stenham has recently made a new hire for the role of Head of Risk Management and Quantitative Research. |
A seasoned professional, Pablo Balan, has joined us to head up the risk management and quantitative research functions. Mr Balan joined us in the last quarter of 2011 and is based in our London office. He is a member of the firm’s Investment Advisory Committee and is responsible for overseeing all aspects of risk across the full range of Stenham’s funds and portfolios. His assessment of risk encompasses the fundamental and quantitative inputs to the Stenham investment process. He is also responsible for generating quantitative research on underlying funds and portfolio analytics to assist the fund selection, monitoring and portfolio construction processes.
Mr Balan has 17 years of investment experience, and spent 8 years at Coutts & Co where, as Global Head of Portfolio Risk and Quantitative Analysis, he was responsible for investment risk management, portfolio construction and quantitative systems development. Total client assets for which he had responsibility exceeded £20 billion. He first joined Coutts as a Manager for Customised Investments, with responsibility for originating, structuring and selling equity, fixed income, foreign exchange and commodity structured products. Prior to Coutts & Co he worked for Citigroup Private Bank in London as Vice President of the Foreign Exchange and Interest Rate Derivatives desk and in the United States as Vice President Investment Counselor advising Latin American clients on their investment strategy. Earlier in his career he held investment roles at two single manager hedge funds.
Mr Balan is a CFA Charterholder and has an MSc in Mathematical Trading and Finance from Cass Business School. He also holds a Master in International Affairs from Columbia University and a B.A. in Physics from Amherst College in the United States. He is currently undertaking an executive track PhD in Finance at the EDHEC Business School with a primary research focus on Hedge Funds. He is fluent in Spanish and Portuguese, and proficient in French.
Jeremy Alun-Jones, Group Managing Director, said: ‘We are delighted to welcome Pablo to Stenham who brings with him a wealth of institutional level risk management experience. At Stenham we have a very conservative approach to managing clients’ investments with risk management being at the heart of our investment philosophy. Our investment process has evolved over the last 20 years to be as much about managing risk as delivering returns. We have a qualitatively driven approach with significant input to our investment decisions from operational and quantitative research which ensures there is a robust challenge to our qualitative view.’
Pablo Balan said: ‘I am delighted to have joined Stenham. I have respected the company for many years and since joining have become further impressed by the calibre of the firm and the people. Stenham has impressive risk management systems and processes which I am looking forward to further developing. I will also be looking into how quantitative research can be more deeply embedded into our investment process.’
Stenham Limited is an international financial services group providing alternative asset management investment solutions, with assets under management of around US$ 5.6 billion (as at December 2011). In addition, the group's fiduciary business provides consulting and administration services to meet a range of client requirements. www.stenham.com