The Firm

Firm Overview

CenterBook Partners is an innovative multi-manager alpha capture platform that integrates the best of fundamental, systematic, and multi-manager investing.

The Problem

Fundamental investors are the best stock pickers and can rapidly adapt to changing market dynamics. However, they struggle to capture the excess return potential of their research due to behavioral biases, cognitive errors, and lesser expertise in risk management.

Quantitative investors are experts in portfolio construction and risk management, but tend to lack sources of persistent, high-quality alpha and often adapt more slowly to non-linear changes in the market.

Multi-managers provide consistency of performance, but restrictions imposed on their contributors’ investment strategies limit the alpha they can generate.

The CenterBook Solution

CenterBook believes that integrating the uniquely human skill of evaluating equities with the superior computational power and consistency of machines represents the next frontier for the investment management industry.

CenterBook’s Centaur investment strategies are named after the chess “Centaur” strategy that combines human chess champions with computers running chess software to outperform each individually.

CenterBook magnifies the potential of this “human + machine” approach by bringing together independent fundamental managers in its “open-architecture” platform.

Our strategies deliver a value proposition to investors that they cannot access elsewhere: direct exposure to the best ideas of multiple independent fundamental managers in a systematically constructed “center book” portfolio.

 

 

Investment Team

David Stemerman

Co-Founder, Chief Executive Officer & Chief Investment Officer

David has over two decades of experience building investment businesses, managing portfolios, and analyzing stocks. Prior to CenterBook Partners, he founded and was Portfolio Manager/Managing Member of Conatus Capital, a multi-billion-dollar global long/short equity fund manager.  David was a Partner and Portfolio Manager at Lone Pine Capital, an analyst at Ulysses Management and H.P.B. Associates, and an associate at McKinsey & Company.  He is a Member of the Board of Good Judgment, a leading forecasting services firm, and a Senior Advisor to Emerson Point Capital. David served as Trustee and Chair of the Investment Committee of Greenwich Academy. He graduated from Yale College with a B.A. in History summa cum laude, Harvard Business School with an MBA with distinction, and Harvard Law School with a J.D. magna cum laude.

Chris White

Head of Portfolio Implementation & Risk

Chris has over two decades of experience in financial services, specializing in alpha capture and risk management. Prior to joining CenterBook Partners, Chris was Head of Alpha Strategies and Co-Head of Quant for Graticule Asset Management Asia, where he ran internal alpha capture and built the firm’s center book. He was formerly a partner of Nezu Asia Capital Management, where, as Head of Portfolio Construction and Risk, he was responsible for the systematic implementation of fundamental alpha sources. Before joining the Nezu Group, Chris was Portfolio Manager and Director of Risk and Quantitative Strategies at Elmwood Advisors, where he ran market-neutral quantitative equity strategies. Previously, Chris served as Senior Vice President and Head of Equity Risk at Financial Risk Management (FRM) in Tokyo and New York. Chris had also served as Manager of Quantitative Equity Sales and Research at Schroder Securities Japan. He began his career working for Cazenove Securities in London and Tokyo in Equity Sales and Research. Chris graduated with an L.L.B. in English Law & Japanese Language from Cardiff University (UK)/Obirin University (Tokyo).

K.C. Hamann

Director of Research

K.C. has over fifteen years of experience in the hedge fund space. Prior to joining CenterBook Partners, K.C. Co-Founded Factor Sentiment Analytics (“FSA”), a quantitative market research firm. K.C. was also the Founder and General Partner of AQIS, a systematic equity long/short hedge fund. Before launching AQIS and FSA, K.C. was a member of the investment team at North Star Partners, a small-cap, value-oriented long/short equity hedge fund which K.C. joined as an Analyst. Prior to joining North Star, K.C. was an Analyst with Post Road Capital, a value-oriented long/short equity hedge fund. K.C.’s research articles have been featured in Absolute Return, the Novus blog, and in July of 2020, K.C. was a featured podcast guest on Season Three of Flirting with Models, a quantitative investing podcast. K.C. has served as a board member of real estate and hospitality firm Reserve Rentals as well as My Money Workshop, a not-for-profit organization teaching personal fiscal responsibility.  K.C. holds a B.A. in Economics from the University of California, Santa Barbara.

Ross Fabricant, FRM

Director of Data Science

Ross has over fifteen years of experience applying his computer science expertise in the financial services sector. Prior to joining CenterBook Partners, Ross worked at Third Point for over a decade, where he focused on risk management, quantitative strategy development, and data science. At Third Point, Ross helped to develop the firm’s first systematic strategy. He worked previously at QVT Financial and UBS AG. Ross graduated from Brown University with a B.A. in Computer Science and is a Financial Risk Manager, certified by the Global Association of Risk Professionals. Ross speaks Python, SQL, R, and C#.

Bret Cuatto

Director of Quantitative Analysis

Bret has over a decade of experience in applying data science to real-world scenarios. Prior to joining CenterBook Partners, Bret was the primary database architect and data scientist for AQIS where he designed and built systematic investing strategies, extracting alpha from proprietary and public data sets. Before joining AQIS, Bret was the Senior Director of Integrations for Resonate, an AI-driven consumer marketing analytics platform that develops proprietary insights on consumers’ motivations, values, media habits, and online behaviors. At Resonate, he was responsible for API development and client data onboarding and integrations. Bret graduated from the University of Texas at Austin with a B.S. in Mechanical Engineering, and he speaks Python, SQL, R, APEX, and C#.

Åke Kullenberg

Director of Execution Services

Åke has approximately two decades of experience trading global equity markets. Prior to joining CenterBook Partners, Åke was the Head of Trading, Alpha Strategies for Graticule Asset Management Asia in Singapore, responsible for the execution trading effort and transaction cost analysis matters. He previously worked at Nezu Asia Capital Management in Hong Kong as a trader and built the in-house broker algorithmic performance platform. Formerly the Head of Quantitative Research at Expedition Advisors Limited in Hong Kong, Åke ran a systematic Asia ex-Japan single stock volatility portfolio and was responsible for developing trading infrastructure. He started his career working as a trading assistant at KPG Investments in Singapore. Åke graduated with two degrees from Lund University, Sweden: M.Sc. in Electrical Engineering and B.Sc. in Business and Economics.

John Stacy

Director of Software Engineering

John has over 20 years of experience in developing large scalable database/software solutions for the asset management and insurance industry. Prior to joining CenterBook Partners, John worked at T. Rowe Price as part of their fixed income risk team. Additionally, John worked at Allianz SA in Munich, Germany for 16 years building software/data solutions for their global clients. Before that, John opened the Frankfurt office for FAME Information services where he expanded their client base into many financial firms throughout Europe and Africa. John is experienced with time-series databases, SQL, Python, REST APIs, and AWS. John holds a B.S. in International Business from Northeastern University.

Business Team

Mark Mennitt

Chief Operating Officer & Chief Financial Officer

Mark has over two decades of global financial services experience. He has served as COO and CFO in addition to other roles in the hedge fund industry. His experience includes leading a planned spin-out of RBC’s multi-manager proprietary trading group with quantitative strategies into a hedge fund and as COO and CFO at 5:15 Capital Management where he drove the transition to an institutionalized manager with multiple funds. Prior to transitioning to the asset management sector, Mark worked globally at Morgan Stanley for twelve years in various roles including as International Treasurer. Mark received a B.S. in Accounting from Syracuse University and an MBA from the University of Texas at Austin.

Jason Cooper

Chief Partnership Officer

Jason leads the business development and investor relations departments for CenterBook Partners. Most recently, Jason ran the North American business development effort for Brawn Capital, a manager focused on renewable power infrastructure assets in Asia. Prior to Brawn Capital, Jason managed large and mega-cap client relationships for Gartner’s North American high-tech advisory business after nearly a half-decade serving as Global Head of Sales for Alpha Theory. During his tenure at Alpha Theory, the company emerged as the global authority on embedding behavioral finance and decision science best practices in the investment process of the world’s most respected hedge funds and investment managers. Jason graduated from Boston University’s Pardee School of Global Studies with a B.S. in International Relations and completed his Executive Education at Harvard Business School’s Program for Leadership Development.

Bryan Smith

Controller

Bryan has over a decade of accounting and operations experience within the financial services sector. Prior to joining CenterBook Partners, Bryan was the Controller at Wexford Capital, where he supported the accounting, finance, and operations functions for multiple investment funds and special purpose vehicles managed by the multi-strategy firm. Before joining Wexford, Bryan was a Senior Fund Accountant at Lone Pine Capital, a global long/short and long-only equity investment manager. As a member of Lone Pine Capital’s Fund Finance team, he was responsible for the accounting and operations of the firm’s investment funds and contributed to numerous business development initiatives. He started his career at Ernst & Young within the firm’s Wealth and Asset Management group where he provided audit and assurance services to multiple Investment Managers and their affiliated entities.  Bryan graduated from Fairfield University’s Dolan School of Business with a B.S. in Accounting and Finance.

Jason Huang

Director of Information Technology

Jason has over two decades of experience in the financial services sector. Prior to joining CenterBook Partners, Jason was Chief Technology Officer at CCSZF Management, a relative value fixed income fund. At CCSZF, he was responsible for IT infrastructure and developing trading systems.  Previously, he was US Head of Business Intelligence and Shared Services technology at RBS Global Banking & Markets. Prior to RBS, Jason was a technology leader at 5:15 Capital Management and supported their systematic trading team. Before that, Jason was a proprietary trading systems developer at Greenwich Capital Markets. Jason began his career as an assistant trader at Glickenhaus, financing US Treasuries in the repo markets. Jason received a B.S. in Information and Decision Systems from Carnegie Mellon University and an MBA from Fordham University.

Christian Massey

Director of Investor Relations

Christian has over a decade of experience in hedge fund investor relations. Prior to joining CenterBook Partners, Christian was a Vice President in the Client Advisory Group at Advent Capital Management, where he was responsible for all investor relations functions under the high yield and convertible arbitrage verticals. He was formerly a Vice President of Marketing and Investor Relations at Saba Capital Management. Before joining Saba, Christian held several roles at Brigade Capital Management. Most recently, he was the firm’s first and only Product Specialist and previously served as a Senior Investor Relations Associate. He began his career at Wilmington Trust in New York in the Private Client Group. Christian graduated with a B.A. in Economics from Colgate University.

Carlos Martinez, CPA

Senior Accountant

Carlos is a senior accountant with years of experience within the financial services sector. Prior to joining CenterBook Partners, Carlos was a senior accountant at GTIS Partners, LP (“GTIS”) where he supported the management company team. Before joining GTIS, Carlos was a senior accountant at AQR Capital Management focusing on investment and revenue accounting among other areas within the management company team. He started his career at Ernst & Young within the firm’s Wealth and Asset Management group where he provided audit and assurance services to multiple Investment Managers and their affiliated entities. Carlos graduated from CUNY – Lehman College with a B.S. in Accounting and is a licensed Certified Public Accountant (CPA).

Operating Partners

Cameron Hight, CFA

Operating Partner - Co-Founder & Chairman of the Executive Board

Cameron Hight is the Co-Founder and Chairman of CenterBook Partners and is the Founder and CEO of Alpha Theory. Prior to founding and developing Alpha Theory, Cameron worked as an equity research analyst for a decade, covering the TMT sectors and supporting transactions for firms such as Lehman Brothers, CIBC, and Credit Suisse First Boston, before joining Afton Capital Management, a long-short equity hedge fund. He currently sits on the board of the UNC-Chapel Hill Business School Investment Fund. Cameron earned his B.S. from the University of North Carolina at Chapel Hill and holds the Chartered Financial Analyst (CFA) designation. Cameron is a frequent contributor to business media and industry conferences, speaking on behavioral finance, decision sciences, portfolio management, and investment process best practices.

Omer Cedar

Operating Partner - Senior Advisor - Alpha Capture & Portfolio Construction

Omer Cedar is CEO and Co-Founder of Omega Point, a risk management solution for fundamental equity managers. Previously, Omer served as SVP, of Research at Two Sigma Investments. In this role, he founded and built Two Sigma’s global equity research analyst survey platform. He was responsible for research/modeling, product development, and relationship management. He also managed Two Sigma’s quantitative risk arbitrage system, developed models, and conducted classic fundamental Risk Arb research. Omer holds a B.S. in Electrical Engineering and Computer Science from UC Berkeley and an MBA from the MIT Sloan School of Management.

Advisory Board

Alex Stein

Advisory Board Member

Alex Stein is a serial entrepreneur having co-founded and led four startups including FarSight Financial Services, the first Internet brokerage (acquired by Merrill Lynch), and Gomez, Inc, the leading Internet Performance Management company (acquired by Compuware). Most recently, Alex was a Managing Director at Two Sigma Investments where he built the firm’s global Alpha Capture program, which applies quantitative research to identify and extract investment signals in real-time from a global network of investment professionals. He also led the firm’s evaluation of systematic real-estate investing, co-led the Client Solutions platform, and explored emerging technologies, including blockchain and distributed ledger systems. Earlier in his career, he worked at Digital Equipment’s VLSI facility in the Advanced Development group. Alex received his Ph.D. in Electrical and Computer Engineering from Carnegie Mellon University and both his Bachelor’s and Master’s degrees from Dartmouth College.

Dave Gallo

Advisory Board Member

Dave Gallo is the Managing Partner, Portfolio Manager, and Founder of Valinor Management, an equity long/short hedge fund that launched in 2007 and was converted into a family investment office in 2020. Prior to founding Valinor, Dave was a Senior Analyst at Bridger Capital, which he joined as the fourth member of its investment team. Before joining Bridger, Dave was a Vice President at Francisco Partners, a technology-focused private equity firm. Previously, he was an Associate at Tiger Management. Prior to Tiger, Dave was an Analyst at KKR and prior to that, he was an Analyst at The Blackstone Group where he worked primarily with their Private Equity Group. Dave received his B.S. in Economics with concentrations in Finance and Accounting from the Wharton School of the University of Pennsylvania, Summa Cum Laude, where he graduated first in his class as both a Benjamin Franklin Scholar and a Joseph Wharton Scholar. Dave received his MBA from Harvard Business School, where he graduated with High Distinction as a Baker Scholar and a Loeb Fellow.