Jane Buchan is a Managing Director and the firm’s Chief Executive Officer. As CEO, she is responsible for overall business strategy and firm direction. She is a member of the Investment Oversight Committee. Jane began her career at J.P. Morgan Investment Management in the Capital Markets Group. She has also been an Assistant Professor of Finance at the Amos Tuck School of Business at Dartmouth. Jane is currently serving as chairwoman of the board for the Chartered Alternative Investment Analyst Association (CAIA). She is also a member of the Advisory Board for the Master of Financial Engineering Program at UCLA Anderson School of Management.
Jane holds both a PhD and an MA in Business Economics (Finance) from Harvard University. She earned a BA in Economics from Yale University.
Anne-Gaelle Carlton, CFA, CQF
Anne-Gaelle Carlton is a Managing Director and Partner at PAAMCO. As a member of the firm's Portfolio Construction Group, Anne-Gaelle leads asset allocation for PAAMCO's flagship Moderate Multi-Strategy portfolios. She also manages several hedge fund solutions for large institutions, with a focus on opportunistic investing using emerging managers. Anne-Gaelle also serves as Head of Client Service globally, as such she is responsible for executing on the delivery of the firm's value proposition. Previously she managed PAAMCO's Event-Driven Equity Sector and spent her early career at PAAMCO conducting due diligence on a broad spectrum of hedge fund strategies. Prior to joining PAAMCO in 2007, Anne-Gaelle was an M&A banker at UBS Investment Bank, focused on the transportation and insurance sectors.
Anne-Gaelle received her MBA from Harvard Business School, her MS (Distinction) from the London School of Economics, and her BS (First) in Pure Mathematics from Imperial College London.
Mayer Cherem, CFA, CQF
Opportunistic Investments
Mayer Cherem is a Managing Director and the Sector Specialist responsible for the evaluation and management of opportunistic investments and offensive risk management initiatives. Mayer focuses on identifying new, uncorrelated sources of alpha through fundamental analysis and their optimal integration into client portfolios. He chairs the firm’s Strategy Allocation Committee where he focuses on assessing the impact of asset allocation on overall portfolio risk and performance. Mayer is involved in the ongoing development of the firm’s risk criteria and quantitative aspects of portfolio construction. Mayer is also a member of the firm’s Investment Oversight Committee.
Mayer earned his MBA from Columbia Business School after graduating from the Universidad Simon Bolivar of Venezuela with a BS in Production Engineering.
Ronan Cosgrave is a Managing Director and is Portfolio Manager for PAAMCO’s LDI and Long Duration solutions. He serves also as the main point of contact for certain institutional investor relationships. Prior to joining PAAMCO, Ronan worked as a Process Engineer at IBM’s Storage Technology Division sites in Silicon Valley, Germany, and Ireland. He also did chemical engineering design and commissioning for ProsCon, an Irish engineering and process control consultancy.
Ronan received his MBA from Columbia Business School and B. Eng. in Chemical and Process Engineering (Honors) from Cork Institute of Technology.
Carlos Ferreira, CPA, CFA, FRM
Head of Investment Operations
Carlos Ferreira is a Managing Director and Head of Investment Operations at PAAMCO. He provides firm-wide leadership to the Accounting and Operational Due Diligence, Operations and Treasury, Legal and Investment Structuring, and Compliance groups. Carlos is also a member of the firm’s Investment Oversight Committee. Before joining PAAMCO, he was Head of Operational Due Diligence for LGT Capital Partners, based in Switzerland, from 2007 to 2010. Prior to this, Carlos was CFO/COO and Head of Operational Due Diligence for KBC Alpha Asset Management in London from 2005, where he was responsible for the non-investment activities of the business, including fund accounting and operational due diligence on underlying fund investments. Previously, he worked for Morgan Stanley’s Private Wealth Management (Europe) division, in their Client Strategy and Hedge Fund groups, and for Arthur Andersen (now Deloitte) as an international corporate tax practitioner. Carlos began his career with KPMG as an auditor.
Carlos holds an MBA from the London Business School as well as a Bachelor of Commerce degree from the University of Toronto.
Lisa Fridman is a Managing Director working in Portfolio and Account Management. She is Global Head of Research and manages the London office. She is involved in the research, due diligence and monitoring of the firm’s underlying hedge fund investments with a particular focus on the emerging hedge fund managers in the various PAAMCO client portfolios. Lisa is also a member of the firm’s Investment Oversight Committee. In addition, she has institutional account management responsibilities and is a frequent presenter at industry conferences. Lisa serves on the London Board of 100 Women in Finance and is a member of the AIMA's Investor Steering Committee. She was named to the Financial News 100 Influential Women list in 2015 and 2014; included in the 50 Leading Women in Hedge Funds 2013 list, published by the Hedge Fund Journal and Ernst & Young LLP; and recognized among the 40 Under 40 Rising Stars in Hedge Funds by the Financial News in 2012.
Lisa received an MBA from the University of California, Los Angeles Anderson School of Management, and a BA in Business Economics (summa cum laude) from University of California, Los Angeles.
Robert Friend
Sector Specialist: Distressed Debt
Robert Friend is a Managing Director and Sector Specialist for the Distressed Debt strategy at PAAMCO. Bob is responsible for manager selection and portfolio construction within the strategy. Prior to PAAMCO, Bob worked at Bayview Asset Management, a Blackstone affiliate, with responsibility for a portfolio of stressed residential mortgages. Prior to Bayview, he was Vice President at Plainfield Asset Management where he was responsible for $800 million in distressed and special situation credit. Bob has held CIO positions at Recon Capital and UBK Asset Management, which specialize in high yield, distressed and capital structure arbitrage within the Merton Model Framework. Bob has worked with PAAMCO's founders at a predecessor fund of funds where he was responsible for manager due diligence. His early career was spent on Wall Street as a proprietary derivatives trader with Goldman Sachs, Merrill and NatWest. Bob has more than 30 years of investment and capital markets experience including 15 years managing credit portfolios.
Bob holds an MBA from the University of California, Los Angeles and a BA with honors from the University of Virginia.
Misha Graboi, JD, CFA, FRM
Misha Graboi is a Partner and Managing Director at PAAMCO. He is also the Chief Executive Officer of PAAMCO Asia and PAAMCO’s global Sector Specialist for convertible bond hedging. Misha has been based in Singapore since 2009, when he moved there to strengthen PAAMCO’s Asia team. Prior to PAAMCO, he was a founder and Director of Rigel Associates, a firm providing private financing and M&A advisory services to middle-market companies, primarily in technology. Before joining Rigel, Misha was an Executive Director at Goldman Sachs International in their Equity Research division. He began his career in finance at CIBC Oppenheimer, first as an investment banking analyst and then as an equity research associate.
Misha holds an MBA from Harvard Business School, where he was a Baker scholar, and a Juris Doctor (magna cum laude) from Harvard Law School. He holds a Bachelor of Science in Finance and International Business (magna cum laude) from Georgetown University.
Von Hughes, JD, MPP, CAIA
Head of Strategic Advisory
Von Hughes is a Managing Director and Partner at PAAMCO in the Account Management Group and in that role manages the firm’s global Strategic Advisory effort, helping institutional investors confront the broad ranging challenges to hedge fund program construction and implementation. Von specializes in public pension plan governance, advising public pension trustees, investment committees and investment staffs on internal governance structures and effective internal resource management. As a member of the Account Oversight Committee, he has responsibility for certain large institutional investor relationships. Von is a trustee of the Greenwich Roundtable, a non-profit research and educational organization for investors allocating to alternative investments. Von is also a Trustee of Northside Center for Child Development, a Harlem-based non-profit organization that provides early childhood development services in the NYC area. Von began his career at Goldman, Sachs & Co. in New York as an Associate in the Mergers & Acquisitions Group and then as a Vice President in the Equity Capital Markets Group.
Von received his JD from Harvard Law School, where he was selected as an editor of the Harvard Law Review. He received his MPP from the John F. Kennedy School of Government at Harvard University, and he holds a BA in Philosophy (cum laude) from Yale University.
Alper Ince, CFA, CAIA
Long/Short Equity and Event-Driven Equity
Alper Ince is a Managing Director and the Sector Specialist responsible for the management of long/short equity and event-driven equity hedge fund managers in the various PAAMCO portfolios. In addition, Alper is responsible for managing relationships with certain institutional investors. Prior to joining PAAMCO, Alper was an Associate Director at BARRA RogersCasey, a major pension-consulting firm, where he led the firm’s hedge fund investment and manager research efforts.
Alper received his MBA in Finance from the University of Hartford and earned a BS in Economics from METU Ankara (Turkey).
Philippe Jorion, PhD
Head of Risk Management
Philippe Jorion is a Managing Director in the Risk Management Group. He oversees the development and implementation of risk measures for PAAMCO hedge funds, sectors, and client portfolios, all of which are based on full position-level transparency. He is charged with the active management of risk, which involves building tools for monitoring managers, customizing funds, and helping to manage overall portfolios. As chair of the firm’s Investment Oversight Committee, he is involved in all stages of the investment process. He also serves as a chaired Professor of Finance at the Paul Merage School of Business at the University of California at Irvine. He is a frequent speaker at academic and professional conferences and is on the editorial boards of a number of finance journals. Philippe has authored more than 100 publications on the topic of risk management and international finance. Some of his most notable work includes the Financial Risk Manager Handbook (Wiley 6th ed. 2010), which provides the core body of quantitative methods and tools for financial risk managers; Big Bets Gone Bad: Derivatives and Bankruptcy in Orange County (Academic Press 1995), the first account of the largest municipal failure in US history; and Value at Risk: The New Benchmark for Managing Financial Risk (McGraw-Hill 3rd ed. 2006), the first definitive book on VAR. In March 2013, the Financial Analysts Journal honored Philippe Jorion and Rajesh K. Aggarwal’s article titled “Is There a Cost to Transparency?” with the 2012 Graham and Dodd Scroll Award. From 2012 to 2014 Philippe served on the Federal Reserve's Model Validation Council, an advisory council of economists that evaluates the models used in bank stress tests.
Philippe holds an MBA and a PhD from the University of Chicago and a degree in engineering from the University of Brussels.
Kemmy Koh is a Managing Director of Pacific Alternative Asset Management Company Asia Pte Ltd. (Singapore). She previously served as the firm's Research Manager. Prior to joining PAAMCO, Kemmy was a credit analyst for BanqueNationale de Paris (Singapore) and Development Bank of Singapore (Singapore) where she developed an extensive background in security and portfolio analysis.
Kemmy received her MBA from the University of California, Irvine and her BBA from the National University of Singapore.
Carrie McCabe is a Managing Director at PAAMCO responsible for Global Strategy. She is also a member of the firm's Management Committee. Carrie has held prominent senior leadership roles at several alternative asset management firms over the course of her 30 years in the industry including serving as Chief Executive Officer of Blackstone Alternative Asset Management, Financial Risk Management, and Lasair Capital. Prior to joining PAAMCO, Carrie was Senior Advisor to McKinsey & Company working with their Asset Management and Private Equity practices and clients. In addition, Carrie has served on the Boards of Directors for several organizations, including Stanford University’s Clayman Institute, International Association of Financial Engineers, and Girls Inc. She is a frequent speaker on CNBC and Bloomberg and a regular contributor to Forbes and other business publications. The Hedge Fund Journal has named Carrie as one of the leaders in the hedge fund industry.
Carrie holds an MBA from Harvard Business School and a BA in Economics from Stanford University.
Jim Meehan
Portfolio Solutions Group
Jim Meehan is a Partner and Managing Director in Portfolio Solutions at PAAMCO. His responsibilities include developing Portfolio Solutions for institutional client relationships. He also specializes in servicing the needs of clients from a communication, advisory and research perspective. Jim has also served on the firm’s Investment Oversight Committee and is currently a member of the firm’s Account Oversight Committee. He has twenty-nine years of investment management experience with both equity and fixed income managers and is published in both the Financial Analyst Journal and Journal of Portfolio Management. Prior to joining PAAMCO in 2008, Jim spent seven years as a Senior Vice President/Product Manager for PIMCO. His previous associations were with Dresdner RCM, Provident Investment Counsel, and Delaware Investment Advisors.
Jim received his MBA in Finance and Accounting from the University of San Diego and holds a BA in Economics from the University of Notre Dame. He also completed post-graduate work at Harvard Business School.
Stephen Oxley is Vice Chairman and a member of PAAMCO’s Account Oversight Committee. He is involved in all stages of the investment process. Prior to joining PAAMCO, Stephen was a partner and Senior Investment Consultant at Watson Wyatt, LLP in London, where he provided investment advice to a number of large pension fund clients. In addition, he was head of the hedge fund research team and took part in the management of that firm’s investment practice. Stephen is a frequent guest speaker at investment conferences and writes regularly in various industry publications. In 2012 he was awarded the Lifetime Achievement Award by Hedge Funds Review in recognition of his long standing service to and championship of the global Fund of Hedge Funds industry.
He has completed the three investment management programmes at London Business School and in addition holds the Investment Management Certificate. Stephen has thirty years of investment management experience with institutional investors.
Putri Pascualy is a Managing Director and Sector Specialist for long/short credit. She leads the evaluation and management of long/short credit hedge funds for the PAAMCO portfolios and is responsible for portfolio construction, structuring and risk management for large customized mandates. Putri is a voting member of the firm’s Credit Committee and served on the firm’s Risk Management Committee. Prior to joining PAAMCO, Putri was an economist with Cornerstone Research, where she built economic models to simulate market impact and damages in high-profile securities class action and intellectual property related lawsuits. Putri is a frequent contributor to leading financial media outlets including The Wall Street Journal, Bloomberg News, Bloomberg TV and Radio, US News and World Report, Reuters, Barron’s and CNBC. In addition, Putri serves on the Board of Directors of Girl Scouts, Keen USA, and WISE Investors. In 2015, Putri was named by Institutional Investor in their list of 2015 Hedge Fund Rising Stars. Putri is the author of “Investing in Credit Hedge Funds” (McGraw-Hill 2014), a practical guide on various aspects of alternative investing in corporate credit.
Putri received her MBA from the University of California, Berkeley where she received a full merit scholarship under the Haas Achievement Award. Putri received her BA from the University of California, Berkeley with a degree in Economics (High Distinction) and a Business Administration minor.
Judith Posnikoff, PhD
Portfolio Construction Group
Judith Posnikoff is a Managing Director and one of the founding partners of PAAMCO. From PAAMCO’s inception in 2000, Judy has been involved in all aspects of the firm’s investment process, including serving as Sector Specialist for Equity Market Neutral and Merger Arbitrage as well as Chair of the Investment Oversight Committee. She is currently focused on portfolio construction as a member of the firm’s Portfolio Construction Group, setting strategy and asset allocation for the firm’s flagship moderate multi-strategy portfolios, and is also a member of the firm’s Investment Oversight Committee. Judy has authored numerous publications in the area of alternative investments and has taught at the University of California, Riverside and Irvine and at California State University, Fullerton. Judy was a member of the founding board of directors of the Association of Women in Alternative Investing (AWAI) and is on the global board of 100 Women in Finance and the CAIA Foundation. She also chairs the scholarship committee of the 100 Women in Finance Institute.
Judy earned a PhD in Financial Economics and an MBA and MA from the University of California, Riverside. She also holds a BS in Administrative Studies from UC Riverside.
Scott Warner, CFA, FRM
Long/Short Equity and Equity Market Neutral
Scott Warner is a Managing Director and Sector Specialist for both the North American long/short equity and equity market neutral strategies. He focuses on the evaluation and management of managers in those sectors. He also serves as the Portfolio Manager and main point of contact for certain institutional investor relationships and is responsible for portfolio construction of equity-focused customized solutions. Scott is also a member of the firm’s Investment Oversight Committee. Scott joined PAAMCO as part of the Portfolio Management group in 2006. Prior to PAAMCO, he worked in the Investment Management Division at Goldman, Sachs & Co. (Los Angeles).
Scott received his MBA in Finance from the University of California, Los Angeles Anderson School of Management, and also holds a BA in Business-Economics (cum laude) from UCLA.
Jeff Willardson, CFA, CQF
Head of Portfolio Solutions
Jeff Willardson is a Managing Director and Partner at PAAMCO. He is currently Head of Portfolio Solutions, which constructs custom alternative solutions for PAAMCO’s clients and prospective clients. Jeff is also a voting member of the five-person Portfolio Construction Group and sets top-down portfolio strategy and allocation across PAAMCO’s diversified Moderate Multi-Strategy solution. Additionally, Jeff serves as Chair of the Account Oversight Committee and is responsible for coordinating and executing on various strategic firm issues. Throughout his career at PAAMCO, Jeff has conducted research, due diligence and risk monitoring for managers across all PAAMCO strategies with an emphasis on credit strategies, emerging markets, and real estate. Prior to joining PAAMCO in 2007, Jeff spent five years at Goldman, Sachs & Co. in the Investment Management Division.
Jeff received his MBA (Dual Finance and Real Estate Major) from The Wharton School, University of Pennsylvania, and he holds a BS in Management (Finance Major) from Brigham Young University.
Basil Williams
Head of Portfolio Management
Basil Williams is a Managing Director and Head of Portfolio Management at PAAMCO. He is responsible for the firm's completeAlpha approach to hedge fund investing and is the Chief Investment Officer of Horizons, the firm's fixed-income investment solution. Basil is also a member of the firm's Investment Oversight and Management Committees. During his career, he has built and led teams in institutional investment management including equity and fixed income trading, research, risk management, and business development. Most recently, Basil was the Co-Chief Investment Officer at Mariner Investment Group, where he managed internal trading teams, led three of Mariner’s multi-strategy mandates, spearheaded the firm’s incubation and seeding business, co-authored Mariner’s Quarterly Investment Views publication and helped set the firm’s business strategy. Prior to Mariner, he spent nineteen years with Concordia Advisors and held the role of CEO for the last six of those years. Basil started his career at Merrill Lynch in 1980 and played a key role in the development of its financial futures and options business.
Basil received his MBA from New York University and his BA in Applied Math from Brown University.
Kevin Williams, CFA
Head of Account Management
Kevin Williams is a Managing Director and Head of Account Management at PAAMCO, providing firm-wide leadership to marketing, client service, and custom solutions. He is a member of the firm’s Management Committee and is responsible for strategic initiatives and several client relationships. Since joining PAAMCO in 2001, Kevin has managed client portfolios and conducted global research on hedge funds, created the firm’s managed account platform, served as the Global Head of Investment Operations and Chief Compliance Officer, and launched several new offices and business lines. He has also served on the firm’s Strategy Allocation Committee and is currently a member of the Account Oversight and Investment Oversight Committees. Prior to joining PAAMCO, Kevin began his career as an auditor at McGladrey & Pullen (now RSM) with a focus on middle-market banking and financial services.
Kevin received his MBA from the Marshall School of Business at the University of Southern California, BA in Economics from the University of California, Los Angeles, and has also earned the Chartered Financial Analyst (CFA) and Certified Public Accountant (CPA) designations.
Nick Zinn
Head of Portfolio Analytics and Systems
Nick Zinn is a Managing Director at PAAMCO. Nick leads the Portfolio Analytics and Systems Group, which is responsible for the data and analytics platform used for investment monitoring and decision support. The group creates behavioral trading analytics using PAAMCO’s trade-level transparency. Nick brings 15 years of experience from Morgan Stanley where he was Managing Director and Global Head of Funding and Counterparty Risk Technology and responsible for the technology and analytics to optimize and manage the firm’s funding and client financing activity. During his tenure at Morgan Stanley, Nick developed several key Prime Brokerage and Fund Service technology products including, Risk Analytics, Morgan Stanley’s award-winning risk management solution for hedge funds and MSPM, a hedge fund performance measurement system.
Nick received his BA from the University of Pennsylvania.
