Brett M. Friedman Email & Phone Number

New York, United States; Salt Lake City, UT

• Provide advisory services in multi-asset risk assessment and metrics, market, liquidity, and operational risks, trading operations and strategy, risk models, tools, and metrics, scenario and stress analysis, new.
• Clients include asset management firms, proprietary trading operations, FCMs, and multi-asset trading platforms. Regularly present to Boards of Directors, executive management, and risk committees
• Successfully completed the valuation and sale of an extremely large and complex natural gas options portfolio (> 10,000 individual trades, > 1 million contracts). Presented strategies and secured Board approval for.
• Performed risk and operational assessments for over 25 funds, trading platforms, and FCMs. Included capital sufficiency, limits, and performance analysis as well as product, risk metrics and control, personnel.
• Assessed adequacy of margin risk metrics and proposed new limit structure for a large FCM. Implemented risk policies and risk metrics for a new proprietary trading operation and a major multi-asset hedge fund.

New York

• CRO and COO of Brick Accretive Management, an absolute return equity and option-based hedge fund startup
• Implemented overall market and operational risk management framework and processes, including risk metrics, analytics, customized stress tests, and reporting tools designed for the fund’s high option concentration.
• Reviewed and monitored liquidity, intraday and overnight risk, portfolio allocation, and performance drivers
• Developed and implemented flexible in-house management reporting and risk oversight system; integrated with trade execution system, external data providers, and prime brokers
• Provided business management and oversight for all day-to-day operations, finance, workflows, reporting, controls, compliance, HR, budgeting and expenses, and accounting. Managed interactions with fund administrator.
• Authored all investment materials, edited monthly market and research publications, and communicated overall strategy and risk to current and potential investors.

New York

• Chief Risk Officer for hedge and private equity funds with over $8 billion in assets. Portfolios included extremely large and complex commodity, natural resource-based equity, and options positions
• Measured and monitored the global market, liquidity, and risk exposure of six different funds, strategies, and trading teams. Managed team of five risk and quantitative personnel
• Collaborated with portfolio managers, traders, quants, and IT on portfolio allocation, limits, and operational and risk aspects of new products and risk applications
• Selected and installed new risk system, improved trade entry to risk system accuracy and efficiency; reduced input error by 90%
• Presented to investors funds' current risk profiles, metrics, controls, and overall risk management framework and strategy.

New York

• Founded and managed trading operations and risk management evaluation practice
• Specialized in trading operations and market risk, energy products, investment strategy review, risk frameworks design, risk organization management, limit and metric construction, model validation, valuation, risk and.
• Regularly presented results and findings to Boards of Directors, C-suite executive management, and outside committees.

London, United Kingdom

• Responsible for the overall market, operational, and counterparty risks of over 20,000 MWs of gas and coal fired generation located in the US, the UK, and Australia
• Managed over 60 risk and trading personnel worldwide; regularly collaborate with plant managers
• Chair, Risk Committee; reported directly to CEO; frequent and extensive collaboration with finance, legal, internal audit, IT, and CFO, COO, and Board of Directors.

Houston, Texas, United States

• Risk manager for US power and natural gas
• Initiated risk management operations for new trading operation

Salt Lake City

• Initiated middle office operations in electricity; established risk policies, metrics and limits, position tracking and confirmation procedures, mark-to-market technique, risk reporting, counterparty credit limits, and.
• Managed installation of first risk management system
• Monitored ongoing risk of western electricity and natural gas positions
• Evaluated the Dynegy trading operation and assets as part of merger negotiations.