HON•TE ADVISORS LLC

GLOBAL MACRO INVESTMENT FIRM

WHO WE ARE

Founded in 2015, HonTe Advisors, LLC is an SF-based, discretionary global macro investment firm that focuses on long-horizon, thematic, multi-asset class investing across developed and emerging markets. Our objective is to construct a superior portfolio, which creates a revenue stream uncorrelated to traditional assets. We employ formal logic in conjunction with a rule-based trade selection process to capitalize on the relative mis-pricing of global assets.

Hon•Te is a Japanese term used to describe a patient, strategic move in the game of Go. It represents our commitment to a strategy oriented toward long-horizon performance.

ALEX GUREVICH

Founder & CIO

ALEX GUREVICH

Founder & CIO

Alex Gurevich is the Founder and CIO of HonTe Advisors, LLC. Alex has been involved in trading for over 20 years; holding various roles on Wall Street that included the launch of fixed income derivative trading franchises as well as running the macro book at JP Morgan. More recently, Alex has transformed his very successful family office into a global macro strategy suitable for institutional investors. He is the author of The Next Perfect Trade, published in 2015, which articulates his rigorous trade selection and investment process. Alex was born and raised in St. Petersburg, Russia and earned his PhD in mathematics from the University of Chicago.

CHRISTOPHER LUTTON

Co-Founder & CEO

CHRISTOPHER LUTTON

Co-Founder & CEO

Christopher Lutton is Co-Founder, CEO and CCO of HonTe Advisors, LLC. Chris has been involved in global markets for over 25 years. After several years as an analyst in Asia, Chris joined Goldman Sachs’ FICC team in 1999; marketing currencies, interest rates and emerging markets from the firm’s trading desks in New York and Tokyo. From 2005 to 2015, Chris was responsible for building out three regional FX marketing platforms at BAML, DB and Nomura that focused on global macro and multi-strat hedge funds. Since 2015, Chris has been responsible for HonTe’s non-investment operations focused on building out the firm’s infrastructure according to the industry’s best practices. Chris was born in Japan and raised in the Bay Area and Chicago. He earned his undergraduate degree in Japanese and Economics from Bucknell University and received his MBA from Northwestern’s Kellogg Graduate School of Management.

QIN ZHU

Chief Risk Officer

QIN ZHU

Chief Risk Officer

Qin Zhu is Managing Director and Chief Risk Officer of HonTe Advisors, LLC. Qin has over 20 years’ experience on Wall Street working as a risk officer and senior interest rate derivatives trader at Morgan Stanley and JP Morgan. Until joining HonTe, she served as a senior consultant to several hedge funds given her strong experiences in both financial analytics and various technology platforms. She holds a master’s degree in Electrical Engineering from Purdue University and a Bachelor of Science in Applied Mathematics from FuDan University in Shanghai, China.

JOANN SHIE-CHEN

Head of Operations

JOANN SHIE-CHEN

Head of Operations

Joann Shie-Chen is Director, Head of Operations of HonTe Advisors, LLC. She has been responsible for the design and integration of our best-in-class middle and back office systems. She works closely with our portfolio, risk and financial management teams as well as external administrators to ensure smooth trade reconciliation and audit tracking. Joann has over fifteen years’ experience in financial services most recently as Senior Operations and Compliance at Sensato Investors. Prior to Sensato she worked at both BlackRock (formerly BGI) and Goldman Sachs in prime services. She received her undergraduate degree in International Relations and Asian Studies from The University of British Columbia. Joann speaks Mandarin Chinese and Japanese.

CHRIS KELLEY

Head of Markets

CHRIS KELLEY

Head of Markets

Chris Kelley is Director, Head of Markets as part of the investment team at HonTe Advisors, LLC. Chris has been involved in macro markets since 2010, mostly recently as the head of FX execution at Thiel Macro Family Office. He leverages his prior work experiences on both the buy-side and sell-side in FX, Emerging Markets, and Fixed Income markets to help the firm source liquidity, navigate product research and access and strengthen counterparty relationships. Chris has a Bachelor’s in Mathematics from Georgetown University and has completed considerable coursework in La Universidad de Buenos Aires, Argentina.

TONY PENG

Quant Research Analyst

TONY PENG

Quant Research Analyst

Tony Peng is Quant Research Analyst at HonTe Advisors, LLC. Tony joined us with prior experience at PanAgora Asset Management and Totum Risk. He has brought his strong analytical and programming skills to the firm’s investment and risk management teams. Tony received his Master’s in Financial Engineering (MFE) from the University of California, Berkeley’s Haas Business School and has a BS in both Applied Mathematics and Statistics from the University of California, Los Angeles.

CATALINA RAMOS

Business Manager

CATALINA RAMOS

Business Manager

Catalina Ramos is the Business Manager and runs the day to day operations of the office. Prior to joining HonTe, Catalina worked at Bocage Capital a Bay Area-based global commodities hedge fund. Catalina previously worked at TPG Capital started her career as a Research and Executive Assistant at Standard Pacific Capital. Catalina has a BA from the University of Arizona in Communications and Business.

WHAT WE DO

Provide uncorrelated revenue stream for institutional investors

  • Targets strong performance at every stage of the equity cycle
  • Exercises quantitative risk controls to preserve capital
  • Pursues a long-horizon strategy for capital appreciation

Our distinctively unique approach to macro investing:

  • Adheres to formal logic
  • Enhances strategic decision and portfolio optimization using modern quantitative techniques
  • Remains agnostic benchmarks and single-market forecasts

CURRENT OUTLOOK

As the late-cycle transition consistent with 2000 and 2007 has been completed and we have capitalized on directional rates bets, a more nuanced approach to trading the yield curve will be critical. Alex leverages his fixed income derivatives expertise and experience trading over the previous three easing cycles to source opportunities while running a balanced portfolio.

  • Essential to engage capital in advance of economic rollovers and invest in counter-cyclical strategies
  • Diversifying macro funds can add portfolio robustness to weather volatility

BLOG AND NEWS

ALEX GUREVICH – MASTER CLASS

Interview | Real Vision™

In this Master Class, Real Vision speaks with Alex Gurevich, author and former head of Global Macro Trading at JP Morgan Chase. Combining keen insight with an exacting analytical framework, Alex identifies the crucial differences between strategic and analytic thinking, explains his road-map for trading around paradigm-changing events, and talks about how his background in Mathematics has influenced his investing career.

One Market Street
Steuart Tower, Suite 2600
San Francisco, CA 94105

CONTACT US

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