Founding Partners

Brad R. Balter, CFA
Chief Executive Officer & Portfolio Manager

Brad R. Balter, CFA

Chief Executive Officer & Portfolio Manager

Brad R. Balter currently serves as CEO and Founder of both Balter Capital Management and Balter Liquid Alternatives where he sets the strategic vision for both firms. At Balter Capital Management, Mr. Balter oversees the construction of discretionary fund of hedge funds and customized hedge fund portfolios. Balter Liquid Alternatives, a subsidiary of Balter Capital Management, was founded in early 2013 to primarily offer institutional hedge fund strategies within a mutual fund structure. Prior to forming Balter Capital Management in 2006, Brad was Head of Multi-Strategy Hedge Fund Coverage and Managing Director of the Institutional Investor Group at Citigroup. From 1992 to 2001, Brad was a leading member of the PaineWebber Inc.’s (subsequently UBS) middle market fund coverage program, with primary responsibility for early stage hedge fund relationships.

Brad serves on the investment committees of the Boys and Girls Club of Boston and the Combined Jewish Philanthropies. He is a graduate of Williams College and is a Chartered Financial Analyst. He lives in Wellesley, Massachusetts with his wife Laura and three children, Sophie, Jake and Aden. He is also an avid student of the Hebrew language.

References to other mutual funds or products should not be interpreted as an offer of these securities.

Jay C. Warner, CFA
Chief Investment Officer & Portfolio Manager

Jay C. Warner, CFA

Chief Investment Officer & Portfolio Manager

Since beginning his career in 1999, Jay has had extensive experience in both mutual fund and hedge fund investing. At Balter Liquid Alternatives (BLA), Jay is responsible for managing the firm’s mutual fund products and is also the Chief Investment Officer of the firm. He is a portfolio manager of each BLA Fund. Jay is a founding member of Balter Capital Management (BCM) having previously served as a Financial Analyst for Citigroup Global Markets, with responsibility for idea generation and facilitation of access to research related resources for hedge fund clients of the bank. From 2000 to 2004 Jay was an Investment Analyst and member of the Investment Committee at The Segalas Group, a New Canaan, CT based hedge fund. Prior to his work at The Segalas Group, Jay was a Private Placement Analyst at Citigroup’s Traveler Insurance Unit, where he focused on a broad number of sectors as it pertained to credit investments for Travelers portfolios. He graduated from the University of Massachusetts, Amherst with a B.A. in Finance and is a Chartered Financial Analyst.

Jay enjoys spending time with his wife, son and daughter who graciously accommodate his love/hate relationship with Ironman triathlons.  Jay enjoys watching both the athletic and academic endeavors of his children, while savoring the consumption of fine IPAs in his downtime.

References to other mutual funds or products should not be interpreted as an offer of these securities.

Research Team

Benjamin R. Deschaine, CAIA
Partner & Portfolio Manager

Benjamin R. Deschaine, CAIA

Partner & Portfolio Manager

Ben began his investment career in 1998 and has experience in both mutual fund and hedge fund investing. At Balter Liquid Alternatives (BLA), Ben is responsible for managing the firm’s mutual fund products and is a portfolio manager of each BLA Fund. Ben has experience working for hedge fund allocators as well as directly within a hedge fund, which provides him a differentiated perspective of seeing hedge funds from both sides of the business. Prior to joining Balter Capital Management (BCM) in 2012, Ben was a Managing Director at Sabretooth Capital Management, LLC, a global multi-strategy hedge fund affiliated with Tiger Management. Prior to Ben’s time at Sabretooth he spent 10 years at Federal Street Advisors, a Boston based wealth management firm, leading their alternative investment research. At Federal Street, Ben was the portfolio manager for Federal Street’s Saltbox Partners, LP, an internal long/short equity hedge fund of funds. Prior to Federal Street Ben was an Analyst at Principal Financial Group and NQP Administration Services. He is a graduate of Bentley University with a B.S. and M.S. in Finance. Ben has earned the Chartered Alternative Investment Analyst designation.

When not working, he enjoys spending time with his wife and three boys.  He is an accomplished youth soccer coach spending most weekends on the soccer field helping develop youth players.

References to other mutual funds or products should not be interpreted as an offer of these securities.

Celicia C. Zhao
Partner & Senior Investment Analyst

Celicia C. Zhao

Partner & Senior Investment Analyst

Celicia is a Partner for Balter Liquid Alternatives (BLA), and is charged with identifying and sourcing ideas for potential sub-advisory relationships. Celicia has extensive experience conducting investment manager research across a wide variety of geographies and strategies since 2004. Prior to joining Balter Capital Management (BCM) in 2009, Celicia was responsible for hedge fund analysis at SCS Financial LLC, a Boston-based private wealth management firm and multi-family office. Celicia was dedicated to hedge fund research at SCS across all strategies and geographies. From 2004-2008, Celicia worked at Capital Management Advisors, a Geneva, Switzerland based hedge fund advisory and fund of hedge funds where she held primary responsibility for research of equity long/short, merger arbitrage and event driven hedge fund strategies. She is a graduate of Brandeis University, with a B.A. in Economics and has a degree from the Brandeis International Business School, with a M.A. in International Economics and Finance. Celicia is fluent in Chinese and Spanish.

Celicia enjoys traveling and is an avid snowboarder. She enjoys spending time with her family, and she and her husband are excited to get their two children on a snowboard so that they can resume chasing snow globally. She is constantly seeking new gastronomic experiences, is not shy about her love of sci-fi, and appreciates finding the silver lining in situations.

Compliance & Operations

Julie E. Giller
Director of Operations

Julie E. Giller

Director of Operations

At Balter Liquid Alternatives (BLA), Julie is responsible for oversight of the daily operations of the Firm, as well as managing external service provider relationships.  Prior to joining the firm in 2014, Julie was an Investment Operations Associate at Panagora Asset Management where she maintained the cash and share reconciliation, corporate action processing, and monthly reconciliation of complex funds. She interacted daily with portfolio managers, coordinating trade processing, as well as resolving any equity or futures trade settlement issues. Before Panagora, Julie worked as a Fund Accountant at State Street Bank and Trust supporting a private equity client. She is a graduate of St. Lawrence University (NY) with a B.S. in Economics-Mathematics Combined and Minors in Spanish and Statistics.

Julie is a native of the Pacific Northwest, but now calls Boston home, rooting for all the Boston sports teams. When not watching any of the local professional teams, Julie can be found playing sports herself. She is a skier and avid soccer player, playing in many different intramural coed leagues. She is also a volunteer soccer coach with the non-profit organization, Soccer Without Borders.

Jack W. Ryerson
Operations Associate

Jack W. Ryerson

Operations Associate

Jack joined the operations team at BLA in 2015. Prior to joining BLA, Jack worked as an Analyst in the Complex Accounting Administration Group at The Bank of New York Mellon. Before Bank of New York Mellon, Jack worked as a Fund Accountant at State Street Bank and Trust supporting a private equity client. He is a graduate of The State University of New York at Geneseo with a B.A. in Economics, and holds an MBA from the University of Massachusetts Amherst.

Originally from Upstate New York, Jack participated in many outdoor activities including fishing, skiing, football and lacrosse. He continued playing lacrosse throughout college and will occasionally get out to try and convince himself he still has it.  Most of his free time is spent with his wife and two daughters, and doing work on his house.

Mark Cunningham
Junior Operations Associate

Mark Cunningham

Junior Operations Associate

Mark joined the operations team at BLA in March 2017.  Prior to joining BLA, Mark worked as a Hedge Fund Accountant at ALPS Alternative Investment Services supporting several boutique hedge funds.  Mark is a graduate of Bates College (ME) with a B.A. in Economics and Applied Mathematics concentrations.  While at Bates, he was a relief pitcher on the baseball team for four years and helped jumpstart a Special Olympics initiative on campus.

Originally from the greater Boston area, Mark is a big Boston sports fan who loves traveling to see his teams play all over the country.  Outside of work, he enjoys staying active and spending time with his friends and large extended family in the area.

Internal & External Sales Team

Robert A. Marx
Director of Sales

Robert A. Marx

Director of Sales

Bob began his career in the financial services industry in 2000.  At Balter Liquid Alternatives (BLA), Bob is responsible for managing the Regional Directors for sales distribution into the RIA, family office, and other institutional channels as well as the Product Specialist Group, which focuses on bespoke investment and industry research on behalf of our clients. Most recently Bob was a sales manager at Wells Fargo Asset Management working within multiple channels focused on mutual funds and separate account strategies. Prior to that, he served as a financial advisor at CUNA Mutual managing client assets in 4 branches throughout Southern Massachusetts. In addition, Bob worked as a Regional Vice President in Texas with Evergreen Investments and New England with Transamerica. Bob received his Bachelor of Interdisciplinary Studies in Business and Communications from Arizona State University. He is a CAIA Level 1 candidate holds his FINRA series 6, 7, 24, and 63 licenses.

When he’s not working, Bob loves spending time with his twin son and daughter, wife and Boston Terrier. He is an avid but not good golfer, a better skier and still thinks he can lace them up for a good run on the courts.

 

 

Timothy Yan
Senior Relationship Manager

Timothy Yan

Senior Relationship Manager

Tim Yan joined Balter Liquid Alternatives (BLA) in August 2016 as Regional Sales Director for the Northeast Region. He is focused on cultivating relationships with Registered Investment Advisors (RIA’s), Family Offices and other Institutions in the Northeast.  Most recently, Tim worked at Sincere & Co. as a regional director overseeing marketing and distribution strategy for the Eastern United States.  Previously, he worked with Wescott Financial Advisory Group, and RIA, based in Philadelphia as an assistant financial advisor and a special project consultant.  Before that, Tim spent a number of years working at an actuarial consulting firm in New York City, specializing in the design and administration of retirement plans.  Tim graduated Cum Laude from the CUNY – Baruch College, with a B.A. in Actuarial Science and holds FINRA Series 6 & 63 licenses.

Growing up near blue ribbon trout streams, Tim took up fly fishing early in life.  Ironically, he now lives outside Chicago, where there isn’t trout stream within a three hour radius.  He does still try to stay active, playing hockey a couple of times a week.  Tim developed a love for cooking in high school and on most days can be found in the kitchen sharing his passion with his wife, two kids and dog, Franklin.

Cody Weik
Product Specialist

Cody Weik

Product Specialist

Cody Weik joined Balter Liquid Alternatives (BLA) in April 2016 as a Product Specialist. He is focused on cultivating relationships with Registered Investment Advisors (RIA’s), Family Offices and other institutions primarily in the West and Southeast Regions as well as research projects focused on competitive analysis and trends in the asset management business. Most recently, Cody worked as Regional Sales Associate with Hatteras Funds where he was responsible for business development and managing client relationships. Previously, he served a Financial Analyst in the Private Wealth Management Division of Goldman Sachs, as a part of The Ayco Company. Cody obtained his Master’s degree in Business Administration at Union College and also received his Bachelors of Science in Business Management from Indiana University (Bloomington).  While at Indiana, he was two-time Olympic Trial qualifier and served two years as captain of the perennial powerhouse Swimming and Diving Team. Cody is a CAIA Level I candidate and holds his FINRA series 3, 7 & 66 licenses.

Cody is a native Pennsylvanian who has enjoyed his experiences domiciling in 5 states over the past 9 years (PA, IN, NY, NC and MA).  In his free time, Cody can be found hiking, camping and enjoying the outdoors with his wife and dog.  He has stayed involved with the sport of swimming by coaching for various club teams throughout his relocations.  In the future, Cody looks forward to bucking the “millennial” trend and buying a house to begin building a family of his own.

 

Kevin Ross
Product Specialist

Kevin Ross

Product Specialist

Kevin Ross joined Balter Liquid Alternatives (BLA) in July of 2015 as a Product Specialist. He is responsible for research projects focused on investment strategy, portfolio construction, and competitive analysis. He is focused on client relationships primarily in the Midwest and South. Prior to joining BLA, Kevin was a Regional Associate with F-Squared Investments. Previously, Kevin was a Financial Services Professional with New York Life Insurance Company and NYLIFE Securities. Kevin is a graduate of Boston College with a B.S. in Management.  He is a CAIA Level 2 candidate and holds the FINRA Series 6, 63, and 65 licenses. 

Originally from Western Massachusetts, Kevin participated in many sports growing up including baseball, basketball and golf.  He’s still getting over coming up just 1 win shy of playing in the 2006 Babe Ruth World Series.  His free time is spent with his wife, family and friends.

Cassandra A. Svolis
Director of Marketing

Cassandra A. Svolis

Director of Marketing

Cassandra joined the Balter Liquid Alternatives team in May of 2015 as Office Manager covering various tasks throughout all departments of the company. Cassandra’s marketing background lead her to take on the marketing needs of BLA as Director of Marketing in order to more effectively present the message of the firm to the public while maintaining valued existing relationships. Prior to BLA, Cassandra was a member of the Administrative team with a New York-based Hedge Fund and previously worked as a Marketing Assistant in creative fields such as Photography and Architecture. Cassandra graduated from Lasell College in Newton, Massachusetts with a B.A. in Marketing

As a creative outlet, Cassandra has her own Boston-based style blog. She also enjoys collecting vintage furniture. Since catching the travel bug three years ago, she has been adventuring the world any chance she gets as a self-proclaimed foodie.

Affiliated Entity - Invenomic Capital Management

Ali Motamed, CFA
Managing Partner

Ali Motamed, CFA

Managing Partner

Ali Motamed is the Managing Partner of Invenomic Capital Management, the Sub-adviser to the Balter Invenomic Fund. Prior to founding Invenomic, Ali was Co-Portfolio manager of the Boston Partners Long/Short Equity Fund. He was awarded Portfolio Manager of the Year in the Alternatives Category by Morningstar in 2014. Prior to joining Boston Partners, he was a member of the global mergers and acquisitions teams at Deutsche Bank and BT Wolfensohn. Mr. Motamed holds a B.A. degree in economics with a minor in accounting from the University of California, Los Angeles, and a M.B.A. degree from Harvard Business School. He holds the Chartered Financial Analyst designation. He has 17 years experience.

When he is not working, Ali enjoys spending time with his wife and four kids and participating in outdoor activities. Although he grew up in California, he has converted to a full fledged Boston sports fan and particularly enjoys cheering for the Celtics and Patriots.

Nathaniel Victor
Analyst

Nathaniel Victor

Analyst

Nathaniel Victor is an Analyst at Invenomic Capital Management, covering equities across various sectors. Prior to Invenomic, Nate covered internet stocks at UBS and was an Economist at General Motors. He passed all three levels of the CFA exam and may be awarded the charter upon completion of the required work experience. Nate is a 2016 MBA graduate of the Fuqua School of Business, Duke University where he managed the Reynolds Trust. He also received a MS in Agriculture Economics from Michigan State University and a BA in Economics from Kalamazoo College.

When he is not researching stocks, Nate enjoys running along the Charles, being involved with his local church, and exploring more of the Northeast’s state parks with his wife and dog.

Paul Goncalves Jr., CFA
Analyst

Paul Goncalves Jr., CFA

Analyst

Paul Goncalves Jr., CFA is an Analyst at Invenomic Capital Management covering equity securities across several sectors. Paul has 14 years of experience in the investment management industry with 6 years in equity research, He previously worked at KeyBanc Capital Markets in San Francisco covering the homebuilder and building products industries. Paul earned a B.S. in Economics from Connecticut College in 2003, and a M.B.A. from Indiana University in 2011 as a double major in Finance and Accounting.

When time allows, Paul enjoys international travel with his wife. Their recent trips have included visits to Bosnia, Jordan, Lebanon and Cyprus.

Affiliated Entity - Midwood Capital Management

David E. Cohen
Portfolio Manager & Managing Partner

David E. Cohen

Portfolio Manager & Managing Partner

David began his career in 1988 and has nearly 25 years of experience investing in companies in both the public and private equity markets. David has been an investor in value-oriented small-cap public companies since 2001. David serves as Portfolio Manager for Midwood Capital, which he founded in 2003 and is responsible for all aspects of the firm’s portfolio management and operations. Prior to founding Midwood, David was a Managing Director at Igoe Capital Partners, LLC (ICP), a hybrid public/private equity investment firm, where he co-managed all aspects of the fund with a primary emphasis on identifying investment opportunities and directing the firm’s research activities. Prior to joining ICP, David was a Vice President at GCC Investments, LLC, the private equity investment subsidiary of GC Companies, Inc. from 1997 to 2000. At GCC Investments, David was responsible for identifying, evaluating and executing later-stage growth equity investments and served on the board of directors of several portfolio companies. Prior to GCC, David worked as a Principal at The Parthenon Group, a strategy consulting firm in Boston, as a Summer Associate for McKinsey & Company, and as an Associate at Berkshire Partners, a leading private equity investment firm in Boston whose funds have totaled $16 billion under management. Before joining Berkshire, David worked as a Corporate Analyst in the Mergers & Acquisitions Department at Lehman Brothers. David received his MBA with High Distinction from the Tuck School of Business at Dartmouth College where he was a Tuck Scholar. He holds a BA, summa cum laude, from Yale University and was elected to Phi Beta Kappa.

When not working, he enjoys spending time with his wife and three children. He is actively involved in organizing and coaching youth basketball in the Town of Brookline.

Mark Henry
Analyst

Mark Henry

Analyst

Mark Henry joined Midwood in January 2017 as an Equity Research Analyst. Prior to joining Midwood, he was an Investment Analyst at The Flatley Family Investment Office, an institutional-size single family office and charitable foundation, where he focused on small and mid-cap companies primarily in the Consumer, Telecom/Media, and Industrial sectors. Mark received an MBA and B.S. in Finance from Providence College. He has also passed all three levels of the CFA Program and may be awarded the designation upon completion of the required work experience.

Mark enjoys traveling to Portugal with his fiancé and her family, in addition to spending time with his family in Forest Hills, New York. In his spare time, he also enjoys playing backgammon, ping-pong, and pick-up basketball.

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