Soros, DKR Risk Manager Joins Allstate

Feb 19 2010 | 9:16am ET

Insurance giant Allstate Corp. is putting its investments in the good hands of hedge fund veteran Pervemba Satish.

Satish has been hired as chief risk officer for investments. Allstate boasts a portfolio of almost $100 billion.

Satish has spent the last decade working for a series of hedge funds in risk management. He joins Allstate from Jamison Capital Partners, the New York-based hedge fund founded last year by Morgan Stanley veteran Stephen Jamison where he served as chief risk officer. He held the sale post at DKR Capital Management from 2004 through last year. Satish also spent three years at Soros Fund Management as director of risk management.

The insurer’s newly-minted risk chief “has extensive experience in quantitative analytics and risk management and has served in senior-level positions throughout the finance and investment industry,” his boss, Judy Greffin, chief investment officer, said. “Satish is an excellent addition to our team and we look forward to leveraging his expertise to deliver outstanding results.”

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