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PAAMCO Prisma Holdings

OUR FIRM

INVESTMENT CAPABILITIES

ALTERNATIVES: DIRECT
& CO-INVESTMENTS

  • Alternative risk premia

  • Custom hedge fund

    seeding partnerships
ALTERNATIVES:
MULTI-MANAGER

  • Active manager/

    strategy customization

  • Early-stage managers

  • Safeguards of

    managed accounts

EQUITY-ORIENTED
SOLUTIONS

  • Long-equity alpha

    working with large

    established managers

  • Emerging market

    active equity

FIXED INCOME
& DERIVATIVES*

  • Liability-driven fixed

    income alpha

  • Equity derivatives

    relative value
ADVISORY &
MAP SERVICES

  • Direct program

    assistance including:

    • Asset allocation studies
    • Manager pipeline management
    • Knowledge transfer

  • Outsourced Managed Account Platform (MAP)

* Derivatives may be used by solutions other than those listed in this category.

PUBLICATIONS

PAAMCO Research

PAAMCO-Authored Articles

Q2 2018

An Endless Waiting Room: How should pension investors manage a world of low yields, tight spreads and high valuations? (Q2 2018)

Q2 2018

Volatility Has Returned (and is here to stay) (Q2 2018)

Q1 2018

Why Alt Beta? (Q1 2018)

Q1 2018

2018 Outlook: Will Inflation Deflate the Asset Bubble? (Q1 2018)

Q4 2017

The “Internet” of Stocks and Bonds (Q4 2017)

Q3 2017

Connecting to More Opportunities in China (August 2017)

Q1 2017

Co-investments: A Framework for Investors (February 2017)

Q1 2017

2017 Outlook: Value in Volatility (January 2017)

More Research

Q1 2017

Hedge Fund Identity Crisis Reshapes Asset Management (Q1 2017)

Q4 2016

Looking Beyond Brazil: Equity Opportunities in Latin America for Active Managers (October 2016)

Q3 2016

Tailored and Transparent: The Key to Absolute Return Funds Under Solvency II (Q3 2016)

Q2 2016

Distressed/Stressed Credit Investing: Small Can Be Beautiful (June 2016)

Q2 2016

Investing in India – Light Amidst the Gloom (May 2016)

Q2 2016

Assessing Risk of Private Equity – What’s the Proxy? (Q2 2016​)

Q1 2016

Don’t Bet it Alt on Beta (January 2016)

Q4 2015

2011 – Back to the Future? (December 2015)

Q4 2015

Navigating Volatility in Emerging Markets Equities (November 2015​)

Q4 2015

Returnless Risk: Bonds – Investment or Insurance? (November 2015)

Q2 2015

High Yield Energy Exposure: Hedging a Potential Combustion (June 2015)

Q2 2015

401ks: Set It and Forget It? Think Again (June 2015​)

Q2 2015

The Dollar Effect: Small Cap vs. Large Cap (June 2015​)

Q2 2015

Why are Corporate Pension Plans Still Allocating to Hedge Funds? (April 2015)

Q1 2015

The Upside of Transparency and Control (Q1 2015)

Q1 2015

Opportunities Ahead: Asian Fixed Income and Currency Markets (February 2015)

Q1 2015

Smarter Hedging Using Swaptions (January 2015)

Q1 2015

The World is Round…well, at least not completely flat! (January 2015​)

Q4 2014

Shanghai-Hong Kong Connect: All Aboard the Through Train (October 2014)

Q3 2014

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds (September 2014​)

Q3 2014

Opportunistic Investing 2014: “Arbageddon” – One Day, Three Deals, All Spreads (September 2014​)

Q3 2014

European Equity Exposure Update: Challenging Year, But All is Not Lost (September 2014​)

Q3 2014

Opportunity Set From Increased Corporate Deal Activity (July 2014​)

Q2 2014

The Times They are A-Changin’…Thoughts on Reform in Asia (June 2014​)

Q2 2014

Funding Gap-Driven Investing (FGDI) (Q2 2014)

Q2 2014

EM, Just Beat it! (Don’t Hug the Index) (May 2014​)

Q2 2014

’40 Act Daily Liquidity Hedge Funds: Considerations for Institutional Investors (Q2 2014)

Q2 2014

Under the Hood of Hedge Fund Leverage (Q2 2014)

Q1 2014

What are the GIPS Standards and Why Do They Matter (February 2014​)

Q1 2014

CMBS 2014: A Changing Landscape (January 2014​)

Q1 2014

2014 Equity Risk – Accurate to Within 100 Yards (January 2014​)

Q4 2013

The 13-F Spotlight: Revealing (and Concealing) (December 2013)

Q4 2013

Changes in the Chinese Financial System and Opportunities for Hedge Funds (November 2013​)

Q4 2013

AIFMD and the Law of Unintended Consequences (October 2013​)

Q3 2013

The Curious Case of Asian Volatility (September 2013)

Q3 2013

European Banks: Fragmentation Leads to Opportunity (September 2013​)

Q3 2013

Time to Lighten up on Duration and Shift to Tactical Trading Strategies? (August 2013​)

Q3 2013

Hidden Fees in Hedge Funds (July 2013)

Q3 2013

Portfolios of Asian Hedge Funds: The Way Forward (Q3 2013)

Q2 2013

Comment on CIMA’s Corporate Governance Proposal (June 2013)

Q2 2013

Winning is a Matter of Definition (April 2013)

Q2 2013

A Window of Dispersion Creates Alpha Opportunities in European Equities (2Q 2013)

Q1 2013

The Challenge of Operational Due Diligence on Emerging Managers (March 2013)

Q1 2013

Does the Sequester Spell Opportunity for Municipal Bond Hedge Fund Strategies? (March 2013)

Q1 2013

Prospects for Fixed Income Markets (February 2013)

Q1 2013

European Distressed: Myth or Reality? (February 2013)

Q1 2013

What’s Wrong with Macro? (January 2013)

Q1 2013

Investing in 2013: Pushed Out to Open Sea? (January 2013)

Q1 2013

Opportunities in Event-Driven Equity (January 2013)

Q4 2012

VIX Futures, Treasuries and Tail Hedging (November 2012)

Q4 2012

European Bank Deleveraging: Current Investment Opportunities (October 2012)

Q3 2012

A Tale of Two Markets: Relative Opportunities in US versus European Structured Credit (September 2012)

Q3 2012

High Equity Market Correlations: A Manageable Headwind or a Hurricane Gale? (July 2012)

Q2 2012

Three Potential Outcomes for Europe: Investor Positioning and Outlook (June 2012)

Q2 2012

Rethinking Emerging Market Equity Exposure (May 2012)

Q2 2012

Non-Agency Mortgages Offer Compelling Value (April 2012)

Q2 2012

Are Hedge Fund Managers Prepared for Centralized Clearing (Q2 2012)

Q1 2012

Valuation: Still a Hot Topic! (March 2012)

Q1 2012

Event-Driven in 2012: Rich Opportunity Set but Beware of Macro and Crowds (February 2012)

Q1 2012

How Macro is Your Event? (Q1 2012)

Q1 2012

Head in the Freezer, Feet in the Fire (January 2012)

Q1 2012

Legal and Operational Due Diligence Best Practices for Hedge Fund Investors (January 5, 2012)

Q4 2011

Credit Investing in ‘Demerging’ Europe (December 2011)

Q4 2011

Hedge Fund Investing – Legal and Operational Best Practice Considerations (Q4 2011)

Q4 2011

Market Volatility Proves Lucrative for Fixed Income Relative Value Managers (November 2011)

Q4 2011

Compliance: A Key Cornerstone of Operational Due Diligence (October 2011)

Q3 2011

Recent Market Developments and Opportunities for Hedge Funds (September 2011)

Q3 2011

Inflation-Linked Bonds Not Always the Best Answer to Inflation (Q3 2011)

Q3 2011

Managing Hedge Fund Liquidity (August 2011)

Q3 2011

Event-Driven Hedge Funds: Considerations for Profitable Investing (July 2011)

Q3 2010

Bank Loans: A Primer and Look at Investment Strategies (July 2010)

Q3 2009

BASIS: Corporate Bonds & Credit Default Swaps (July 2009)

Q1 2007

ABCDS: Credit Default Swaps on Asset Backed Securities (March 2007)

Q1 2018

Will Inflation Deflate the Asset Bubble? (January 30, 2018)

Q4 2017

The “Internet” of Stocks and Bonds (November 29, 2017)

Q1 2017

Investor Intelligence: Unlocking Returns? (February 6, 2017)

Q1 2017

Hedge Fund Identity Crisis Reshapes Asset Management (2017)

Q3 2016

Distressed/Stressed Credit Investing: Small Can Be Beautiful (August 11, 2016)

Q3 2016

Assessing Risk of Private Equity: What’s the Proxy? (Q3 2016)

Q3 2016

The Importance of CIOs Finding the Right Proxy (July 1, 2016)

Q1 2016

Best Governance Practices in Delegation and Consultant Selection for Long-Term Funds (Q1 2016)

More Articles

Q1 2016

Despite Lower Prices, Value Remains Elusive in Emerging Markets (February 10, 2016)

Q4 2015

Asian Borrowers May Be Better Bets As Emerging Markets Debt Crisis Looms (November 20, 2015)

Q3 2015

Factors the Fed Will Weigh When Deciding Whether to Hike in September (August 31, 2015)

Q3 2015

401(k)s: Set it and forget it? Think again (July 20, 2015)

Q2 2015

Oil Market Strategy: Don’t Tango With Contango (June 1, 2015)

Q1 2015

Low Oil Prices Produce Bargains Beyond The Oil Patch (March 13, 2015)

Q1 2015

The World is Round…Well, at Least not Completely Flat (February 24, 2015)

Q1 2015

Ruble, Ruble, Oil and Trouble (January 22, 2015)

Q1 2015

Abenomics Enters Show-Me Phase as Japan Struggles with Growth (January 6, 2015)

Q1 2015

Keynote Address (Q1 2015)

Q4 2014

PAAMCO: European Equity Exposure – Challenging Year, But All is Not Lost (October 16, 2014)

Q4 2014

The Dollar Rally: Where Will The Buck Stop? (October 14, 2014)

Q3 2014

Arbageddon: One day, three deals, all spreads (September 23, 2014)

Q3 2014

The Strategic Listing Decision of Hedge Funds (September 2014)

Q3 2014

Bond Markets: Fasten Your Seatbelts, Possible Turbulence Ahead (August 20, 2014)

Q3 2014

Long-only Hedge Funds Hold Key to Emerging Markets (July 16, 2014)

Q2 2014

Thoughts on Reform in Asia (June 25, 2014)

Q2 2014

’40 Act Liquid Hedge Funds: Considerations for Institutional Investors (June 10, 2014)

Q2 2014

Global Investment Performance Standards: taking a leaf out of the long-only book (June 9, 2014)

Q2 2014

Student Debt Blows Chill Wind at Housing Recovery (June 9, 2014)

Q2 2014

Does Chinese Land-Banking Activity Pose a Threat to the US Housing Recovery? (April 24, 2014)

Q2 2014

Bond Markets Breathe a Sigh of Relief on Back of Jobs Number (April 4, 2014)

Q1 2014

CMBS – Beyond Beta (March/April 2014)

Q1 2014

‘Alternative’ or ‘Hedged’ Mutual Funds: What Are They, How Do They Work, and Should You Invest? (February 28, 2014)

Q1 2014

Fed Tapering Effect on Fixed Income Allocations (February 3, 2014)

Q1 2014

Will 2014 Be a Year of Crisis or Opportunity for Emerging Markets? (January 24, 2014)

Q1 2014

Understanding U.S. Public Pension Plan Delegation of Investment Decision-Making to Internal and External Investment Managers (January 23, 2014)

Q1 2014

The 13-F Spotlight: Revealing and Concealing Hedge Fund Trades (January 22, 2014)

Q1 2014

Investment Landscape amidst Global Transfer of Risk from the Banking System (January 17, 2014)

Q1 2014

Fund of Hedge Funds 2.0 (Q1 2014)

Q1 2014

The Delisting Bias in Hedge Fund Databases (Q1 2014)

Q4 2013

Should You Buy Municipal Bonds this December? Examining the January Effect in Municipal Markets (December 18, 2013)

Q4 2013

Madoff 5 Years Later: Still a Need for Transparency and Technology Improvements (December 11, 2013)

Q4 2013

2014 Credit Outlook: Keep Calm and Carry On (December 6, 2013)

Q4 2013

Structural Changes in Bond Markets Foreshadow Higher Volatility to Come (November 12, 2013)

Q4 2013

PAAMCO’s Max Rijkenberg reviews unintended consequences of AIFMD (November 6, 2013)

Q4 2013

Global Equities: Winners and Losers (November 2013)

Q3 2013

Hidden Fees in Hedge Funds (July 2013)

Q2 2013

Three ‘Game Changers’ have Limited Contagion in European Markets (May 17, 2013)

Q2 2013

Analysis Shows Prospects for Fixed-Income Markets are not so Rosy (April 29, 2013)

Q1 2013

What is Wrong with Macro? (February 21, 2013)

Q2 2012

Inside View: No Room for Inflated Valuations (June 12, 2012)

Q2 2012

Centralised Clearing: Are Hedge Fund Managers Prepared? (June 1, 2012)

Q2 2012

Are Fiduciary Consultants Neglecting Their Duty on Hedge Funds? (April 30, 2012)

Q1 2012

Style Drift Spotting: How Did that Global Macro Get in My Event-Driven Strategy? (March 2012)

Q1 2012

Is There a Cost to Transparency? (March/April 2012)

Q1 2012

Event-Driven in 2012: Rich Opportunity Set, but Beware of Macro and Crowds (March 13, 2012)

Q1 2012

Changes in the Operational Burdens of Managing Hedge Funds (March 2012)

Q4 2011

Limited Lialibility Leverage (L3): A New Measure of Leverage (Q4 2011)

Q4 2011

Managing Liquidity: Getting a Proper Balance in Hedge Fund Investing (November 14, 2011)

Q4 2011

Compliance: A Key Cornerstone of Operational Due Diligence (October 20, 2011)

Q3 2011

Brazil: Misperception Creates Opportunity for Institutional Investors (August 4, 2011)

Q3 2011

Expert Networks: What to Expect from Hedge Funds Today (July 19, 2011)

Leadership

PAAMCO Prisma Executive Committee

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Anne-Gaelle Carlton
CFA, CQF
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Mayer Cherem
CFA, CQF
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Vincent Cuticello
JD
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Von Hughes
JD, CAIA
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Paul Roberts
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Eric Wolfe
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Jane Buchan
PhD, CAIA

Co-Founder

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Ronan Cosgrave
CFA, CQF

Portfolio Manager

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Carlos Ferreira
CPA, CFA, FRM

Head of Investment Operations

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Lisa Fridman
CFA, CQF

Global Head of Research

More Leadership
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Robert Friend

Sector Specialist:

Distressed Debt

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Misha Graboi
JD, CFA, FRM

Sector Specialist:

Head of Strategic Advisory

view profile
Alper Ince
CFA, CAIA

Sector Specialist:

Long/Short Equity and Event-Driven Equity​​​

view profile
Philippe Jorion
PhD

Head of Ris​k Management​

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Kemmy Koh
CFA

Portfolio Manager

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Jim Meehan

Portfolio Solutions

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Stephen Oxley
IMC

Vice Chairman

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Putri Pascualy
CFA, CQF

Sector Specialist:

Long/Short Credit

view profile
Judith Posnikoff
PhD

Portfolio Construction Group

Co-Founder

view profile
Scott Warner
CFA, FRM

Sector Speci​alis​t:

Lo​ng/Short Equity and Equity Market Neutral

view profile
Jeff Willardson
CFA, CQF

Head of Portfolio Solutions

Head of Launchpad Sourcing and Manager Due Diligence

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Kevin Williams
CPA, CFA

Partner

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Nick Zinn

Head of Portfolio Analytics and Systems

Contact Us

Irvine

19540 Jamboree Road, Suite 400

Irvine, CA 92612

United States

Tel +1 949 261 4900

Fax +1 949 261 490​1​

Get Directions

London

25 Victoria Street

London SW1H 0EX

United Kingdom

Tel +44 20 7593 5360

Fax +44 20 7593 5361

Get Directions

Singapore

50 Raffles Place

#13-06 Singapore Land Tower

Singapore 048623

Tel +65 6594 2400

Fax +65 6594 2401

Get Directions

Istanbul

Tel +90 212 386 28 60

Mexico City

Tel +52 55 3300 5872

PAAMCO Associate Program

Our two-year Associate Program offers select graduate school hires a path to partnership through rigorous training and development. The fast-paced program allows Associates to interact with the firm’s leadership and gain a breadth of exposure to a wide variety of industries and hedge fund strategies.

CONTACT US

PAAMCO Analyst Program

PAAMCO’s two-year analyst program for new college graduates is designed to offer an in-depth perspective of a leading investment services firm. The program is intended to be a comprehensive introduction to the financial markets and the methods, strategies and techniques applicable to investing.

CONTACT US

Other Opportunities

In addition to the formal onboarding programs for PAAMCO Associates and Analysts, PAAMCO hires professionals to fill a number of other positions at the firm. These include senior leadership, portfolio managers, business operations, administrative support and others. Please check back for available positions.

Investment Manager Inquiries

Thank you for your interest in PAAMCO. PAAMCO seeks to engage with managers who can produce returns either in excess of market returns or uncorrelated to broader market indexes (i.e., "alpha") utilizing their particular investment expertise. We are particularly interested in new and early-stage managers.

Please email your marketing materials to us at managerinquiry@paamco.com.

PAAMCO Alumni

Please send us your updated contact information.​
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