Wayne Penello Email & Phone Number

ANOVA Management is a state registered investment advisor firm. Our philosophy is that proactively managing risk will generate above-average returns. Leveraging the skills and experience developed over 40 years of managing commodity price risk, our team of experienced professionals is developing a long/short ETF that we expect will deliver higher than market returns with as little as half the risk. If you would like to learn more, please call me 713-459-5254.In 2020 Forbes published my book written on enterprise wide risk management "Risk is an Asset", which was coauthored Andrew P. Furman, a long time business associate and friend. Risk is an Asset is available on Amazon.The consulting firm I founded in 2001, Risk Revenue Energy Associates (R^2), was acquired by AEGIS Hedging Solutions in December of 2020. R^2 was among the first advisory firms to focus on hedging strategies for the energy sector. R^2 worked with many of the energy sector’s leaders and created state-of-the-art analytics used to manage hedging decisions. I continue to serve as an Advisor to the Board for AEGIS Hedging Solutions, a FinTech firm that enables companies to manage their commodity price and interest rate risk through leading software and advisory capabilities. In 2010 I patented the Performance Risk Management System, the backbone for the analytical process used by R^2 to advise clients. Between 2008 and 2020, the hedging activities of R^2's clients generated $12.8 Billion in net gains. The success Clients achieved is all the more remarkable when one considers that companies with net hedge gains collected more than $13.2 Billion, while those with hedge loses lost $0.4 Billion. Specialties: - Author, Expert and Patent holder in Risk Management- Economic and Financial Analytical Expert.- Expert in options trading and hedging.- Published "In Flux: Crude Differentials", Oil & Gas Investor May 2014 - Published "Hedging Strategies Branch Out", Oil & Gas Investor, Jan 2011, plus earlier articles.

Listed skills include Risk Management, Energy, Valuation, Commodity, and 14 others.

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  Stony Brook University

  Marine Environmental Sciences