NEWPORT BEACH, Calif., Sept. 19, 2016 /PRNewswire/ -- LongTail Alpha LLC, an investment firm that focuses on adding value to portfolios during volatile markets, today announced the hiring of Brian P. Baker as Managing Director and Head of Global Investor Relations and Business Development.
Mr. Baker was a Managing Director of PIMCO LLC, Chief Executive Officer and Director of PIMCO Asia, and Co-Head of PIMCO's Official Institutions Business. For 18 years, Mr. Baker oversaw PIMCO's business in Asia ex-Japan which encompassed portfolio management, client service, product development and business development functions. He was responsible for developing strategic business plans and overseeing their implementation across 20 Asian countries. As Co-Head of Official Institutions Business, Mr. Baker developed and executed global business plans for this client base and supported PIMCO's efforts by meeting with central bank governors and reserves managers, ministers of finance and their staff, and sovereign wealth fund CEOs and reserve managers.
Mr. Baker joined PIMCO in 1997 after serving as a vice president at Bank of Montreal, managing North American institutional client relationships. He earned his bachelor's degree from The George Washington University with a distinction in international finance, and an MBA with a specialization in finance, economics, and international business from the University of Chicago Booth School of Business.
"Brian is a great addition to the firm," said Dr. Vineer Bhansali, Founder and Chief Investment Officer of LongTail Alpha. "His experience in developing products to meet the changing, unique needs of our institutional investors will be of significant value to the firm as we expand our customer base. Brian and I have worked together for almost two decades at PIMCO, and I look forward to working with him again."
Mr. Baker said he looks forward to joining LongTail Alpha and helping the firm grow its institutional relationships. "I am very excited to work again with Vineer," said Mr. Baker. "Investors increasingly are recognizing the importance of overlaying downside protection on their multi-asset portfolios and targeting diversified alpha from investment strategies that exploit right and left tail market events. Attention to large market events has increased given the questionable efficacy of extraordinary monetary policies, increasing geopolitical risks, and declining risk taking from many large balance sheets. Through the experience of its team, LongTail Alpha has a unique expertise in designing, offering and implementing important investment solutions to address these risks."
About LongTail Alpha LLC
LongTail Alpha was founded in early 2016 by Vineer Bhansali, following his departure from PIMCO in December of 2015. LongTail Alpha believes that sustained portfolio performance comes from expecting the unexpected, and from positioning portfolios to earn yield while maintaining convexity. The firm bases its investment decisions on a proprietary framework based on academically rigorous research, positioning for both "left-side" or negative tail risks and "right-side" or positive tail risks, and by optimizing performance by combining market positions and risk allocation across asset classes. LongTail Alpha is a member of the National Futures Association and is registered with the U.S. Commodity Futures Trading Commission, and operates as an independent entity in Newport Beach.
SOURCE LongTail Alpha LLC