Erik Postnieks, CEO and CIO of Wooster Asset Management hires 3 new team members to enhance Research, Risk Management and Operations Functions. Wooster Asset Management to relocate to 7 Times Square office suite at the end of March 2008.
New York, NY (PRWEB) March 24, 2008 -- Wooster Asset Management, LLC (WAM) announced today that it has expanded its team with the addition of three new professional staff members.
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ong-Han Lee, Ph.D., has recently joined the firm as Quantitative Analyst. He is principally involved in research and development, focusing on trading strategies and trade execution. He joins Wooster Asset Management from Apollo Systems Research Corp (an algorithmic FX hedge fund) where he worked as a quantitative researcher and trader from 2005-2007. Prior to that, he worked at Millennium Partners (involved in equity statistical arbitrage) from 2001 to 2003. Dr. Lee's degrees include a Ph.D. in Computational Condensed Matter Physics, Columbia University (2001), an M. Phil. in Physics, Columbia University (1997), an M.A. in Physics, Columbia University (1996) and a B. Sc. in Physics with First Class Honors, Imperial College, London (1994). Dr. Lee reports to Erik Postnieks, CEO and CIO of Wooster Asset Management.
Shankar Narayanan, PRM, also joins WAM's research team and serves as the firm's Risk Manager. During 2007, he worked as a Senior Research Associate of Alternative Investments at MSCI BARRA, where he focused on quantitative hedge fund strategy analytics. Prior to BARRA, Mr. Narayanan worked as a Senior Investment Manager (2006) and Research Analyst (2004-5) at Charles Schwab, developing quantitative equity strategies. Shankar has extensive experience in hedge fund risk analysis, measuring tail risk of non-Gaussian distributions, hedge fund replication techniques, SAS, Unix (shell script), C, C++, VB, Mathematica, Matlab, SQL, econometrics, and Monte Carlo simulation. He is a final level candidate in the Chartered Alternative Investment Analyst (CAIA) program. Mr. Narayanan holds a Masters in Financial Engineering from the University of California at Berkeley, Haas (2004), a Masters in Computer Science from Syracuse University/Central Pacific University (2002), a Bachelor of Technology in Chemical Engineering from the Indian Institute of Technology (1998); and also holds a PRM (Professional Risk Manager) designation and Series 7 and 66 securities licenses. Mr. Narayanan also reports to Erik Postnieks.
In addition to bolstering the research and risk management functions, Wooster Asset Management also welcomed Diana Rhodes, Manager - Operations and Finance. Ms. Rhodes joins from Harbor Advisors, LLC where she has worked for the last 11 years, most recently as a Trader and Operations Manager since 2003. She earned a B.S. in Finance from Long Island University (1997) and Series 7 and 63 securities licenses. Ms. Rhodes reports to Jan Greer, President and COO of Wooster Asset Management.
"Dr. Lee's and Mr. Narayanan's experience and skills are a strong enhancement to our research and investment team, enabling us to pursue a robust R&D agenda for our current trading and risk management models and to expand our investor offerings with new strategies," said Erik Postnieks Erik Postnieks, CEO and CIO of Wooster Asset Management. "The three additions also allow Wooster Asset Management to take the desirable steps of fully separating the firm's trading, operations and risk management functions in accordance with industry best practices," he added.
In order to accommodate the larger staff size, Wooster Asset Management will relocate at the end of the month to a new 3,000 sq. ft. office suite at 7 Times Square, located at 41st Street and Broadway in midtown Manhattan.
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