Derivatives Heritage

The Penso team comes with a 25-year heritage in derivatives innovation and its practical application in all asset classes for both alpha generation and risk management purposes. Ari Bergmann was involved in the creation of many of the derivative products widely used today by the financial / investment community. The complexities and inner workings of these sophisticated products and how they are traded are second nature to us.

Experience in Crises

Managing principal Ari Bergmann has managed capital market portfolios, derivatives trading desks and investment portfolios for 25 years. During this time he actively traded around many financial crises. These include:

• 1987 Stock market crash
• 1994 Interest rate shock
• 1998 Russia and Long Term Capital Management contagion
• 2000 Technology bubble
• 2001 Argentina peso devaluation
• 2002 High yield and corporate bankruptcy wave
• 2007-2008 Sub-prime and credit crisis

Risk Management

Ari headed the Risk Merchant Bank and the Risk Management Advisory at Bankers Trust during the 90s. These groups analyzed risks and developed guidelines and hedging strategies for financial institutions and large corporations worldwide.