Seb is co-founder and managing member of CurAlea Associates LLC, a firm providing risk management and other advisory services to hedge funds and hedge fund investors. At CurAlea, Seb has built and enhanced risk management processes and infrastructures for several hedge fund firms. He also provides qualitative assessments of hedge fund risk profiles and recommends potential hedges. In addition, Seb has performed due diligence on hedge funds for hedge fund investors and has provided portfolio construction, research direction, and risk management advice for hedge funds.

 

Prior to forming CurAlea in 2010, Seb was Managing Director and Chief Risk Officer at the Galleon Group from October 2007 to 2009. Seb built an institutional quality Risk Management Infrastructure, was a member of the capital allocation team and helped structure market portfolio hedges to reduce overall portfolio risk. From 2005 to 2007, Seb was a Partner and Chief Investment Officer at Rubicon Quantitative Fund Management LP, where he headed a team that built Quantitative Trading Models across multiple asset classes (currency, interest rate, equity and commodity).

 

Prior to joining Rubicon, Seb was employed at Commodities Corporation LLC from 1991 to 1997 and Goldman Sachs from 1997 to 2005, following Goldman Sachs’ acquisition of Commodities Corporation in 1997. Seb was a Managing Director in the Hedge Fund Strategies Group ("HFS") at Goldman Sachs and was responsible for identifying and evaluating hedge fund managers with a focus on global macro and managed futures strategies. Seb was also responsible for constructing portfolios for over $5 billion of assets across all hedge fund strategies, served as the Chair of the HFS Risk Committee, and served as sole portfolio manager (among other mandates) for Stockton Reinsurance Investment Limited ("SRIL"), the successor company to the Proprietary Capital of Commodities Corporation (SRIL portfolio became GS Princeton Fund, the flagship product of HFS). Seb built the allocation model that SRIL used to define (1) the appropriate amount of leverage the firm was willing to assume and (2) the suggested allocation among various hedge fund strategies. This portfolio represented substantially all the investment ("non-insurance") assets of SRIL.

 

Prior to the role at Goldman Sachs, Seb headed the Quantitative Research and Risk Management Group for four years. His responsibilities included developing quantitative models for risk measurement, risk monitoring, portfolio construction and evaluating quantitative trading approaches and all hedge fund performance metrics. Seb has a BS in Computer Science, an MS in Computer Science and an MBA from Rensselaer Polytechnic Institute.


Pete is co-founder and managing member of CurAlea Associates LLC, a firm providing risk management and other advisory services to hedge funds and hedge fund investors.

 

Prior to CurAlea, Pete was a Managing Director at Karsch Capital Management ("KCM") where he was the Head of Business Strategy and a member of the Risk Committee. At KCM, Pete worked closely with the portfolio manager and senior analyst teams on portfolio strategy & risk management, recruited a senior portfolio manager and team for a new distressed strategy, and interacted with prospective and existing clients, particularly in Asia.

 

Prior to joining KCM in March 2009, Pete was a Managing Director at Goldman Sachs & Co. Pete was co-Head of the Hedge Fund Strategies Group ("HFS") where he shared responsibility for $25 billion of investments with external hedge funds across all hedge fund strategies on a global basis and for all aspects of portfolio & risk management, manager research & selection, operational due diligence, and marketing. During the period of Pete’s leadership of HFS, the group achieved record annual revenues in excess of $300 million.

 

Pete first joined Goldman Sachs & Co. in 1996 in the Investment Banking Division’s Financial Institutions Group. From 2000-2001, Pete was a Vice President of Smartleaf, Inc. Pete graduated from Duke University in 1991 and obtained J.D. and M.B.A. degrees from New York University in 1995. Pete was a Fulbright Scholar in Japan from 1991-1992. Pete grew up speaking Czech and also speaks some German, Japanese, French, Spanish, and Italian.  Pete is a member of the New York and New Jersey State Bars.


Sebastiano F. Calabro, Jr.

Peter Ort