Investment Manager at Wooster Asset Management LLC
Greater New York City Area
- Current
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- CEO at Wooster Asset Management LLC
- Past
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- CEO at PCM
- Vice President at Bankers Trust Company
- Education
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- Dartmouth College - The Tuck School of Business at Dartmouth
- Cornell University
- Carnegie Mellon University
- Recommended
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6 people have recommended Erik - Connections
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67
connections
- Industry
- Financial Services
- Websites
Erik Postnieks’s Summary
I started my career as a derivatives specialist at Bankers Trust Company from 1993-1997. In 1997, I started PCM, my own hedge fund which grew to a maxium size of $440 million in assets under management. PCM was a mulit-strategy fund which followed strategies in equity statistical arbitrage, commodity yield roll capture, the currencies strategies, and fund arbitrage. In 2003, we returned our assets to investors as the alpha in each strategy had declined to single digit levels. Over the 1997-2003 timeframe, PCM compounded investor money at 26.5% return at a 13% standard deviation.
Erik started Wooster Asset Management in 2004 to exploit what is called the forward rate bias (FRB) anomaly. Simply put, the effect of the FRB is that currencies of high interest rate countries tend to appreciate against those of low interest rate currencies, which is contrary to classical economic theory. Wooster Asset Management specializes in how to capture this anomaly and its many complexities.
Erik Postnieks’s Specialties:
I specialize in strategies for exploiting the forward rate bias anomaly in the currency and interest rate markets.
Erik Postnieks’s Experience
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CEO
Wooster Asset Management LLC
(Privately Held; 1-10 employees; Financial Services industry)
June 2004 — Present (4 years)
Specialize in exploiting the forward rate bias in a short-term interest rate arbitrage strategy.
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CEO
PCM
(Privately Held; 11-50 employees; Financial Services industry)
January 1997 — November 2003 (6 years 11 months)
Advised five multi-strategy hedge fund which pursued five systematic, market anomaly driven strategies.
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Vice President
Bankers Trust Company
(Public Company; 10,001 or more employees; Investment Management industry)
June 1993 — December 1996 (3 years 7 months)
Co-portfolio manager of Flexible Deposits, a $2 billion+ series of principal protected notes with a one year maturity and an interest rate linked to deriviatives positions activly managed by a team of derivatives professionals at Bankers Trust.
Erik Postnieks’s Education
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Dartmouth College - The Tuck School of Business at Dartmouth
MBA, Finance, 1991 — 1993
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Cornell University
B.A., Economics, 1985 — 1988
- Activities and Societies:
- Teaching assistant for Corporate Finance and Portfolio Management courses taught by Professor Avner Arbel, 1987-1988
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Carnegie Mellon University
Information Systems 1984 — 1985
Additional Information
Erik Postnieks’s Websites:
Erik Postnieks’s Interests:
Motorcycle touring, snowboarding
Erik Postnieks’s Groups:
The Managed Futures Association, The National Futures Association
Erik Postnieks’s Honors:
One of the top 12 emerging hedge funds of the year, 2007, a the Chicago Managed Fund Association conference. I am also a speaker at many FX conferences, where I discuss FX Carry strategies. I have spoken at the UBS FX Conference in Zurich, the FX Week Conference in Chicago, the MFA Conference in Chicago, and the MarHedge conference in San Francisco.
Erik Postnieks’s Contact Settings
Interested In:
- expertise requests
- getting back in touch
