NewOak Adds Ex-IFS Risk Expert

Apr 14 2010 | 10:29am ET

NewOak Capital has hired a veteran risk analyst from the former International Fund Services to lead its own risk analytics advisory.

Chad Burhance has been named head of NewOak Solutions, where he will oversee the expansion of the institutional investor risk, credit and advisory servicer. NewOak Solutions aims to add quantitative risk/return analysis, multi-asset class, multi-currency stress-testing to cover complex derivatives.

Burhance joins from State Street, where he was a managing director of global risk services. Prior to State Street’s acquisition of IFS, he headed the hedge fund administrator’s risk measurement and analytical services business.

“Chad's background as a seasoned executive who has built and operated client-focused risk solution organizations is an ideal fit with NewOak's efforts to expand its structured products and credit platform to a comprehensive multi-asset class portfolio risk advisory and system business,” CEO Ron D’Vari said. “Chad's close relationship and familiarity with the needs of many institutions globally will be critical in NewOak's timely delivery of high performance services and systems to our clients.”

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…