Meet the Welton Team

Leadership

Welton’s team is comprised of accomplished individuals hailing from a range of backgrounds, including scientists, mathematicians, technologists, investment banking, accounting, tax and financial services.

4

CAIA Charter Holders

15

Advanced degrees across many specific, mathematical and business disciplines

16

Years average industry experience

4

PhDs

Investment Management & Software Engineering

Investor Solutions & Strategic Development

Administration, Accounting & Post Trade

Founders

Dr. Patrick Welton, Chief Executive Officer & Chief Investment Officer

Dr. Welton is Co-Founder of the firm and serves as the CEO and CIO. He has been an active investor for more than three decades, an investment manager since 1989, and actively contributes to the firm’s ongoing research. Dr. Welton has served on committees for the Managed Funds Association (MFA) and as a prior member of the Board of Directors of the National Futures Association (NFA). He speaks at numerous conferences globally every year, participates in panel presentations, and has authored numerous articles about alternative investments, macroeconomic impacts on markets, and investment theory. Dr. Welton serves as Vice Chair of the Board of Montage Health and Chairs its pension and foundation investment committee. He serves as a Director of the Panetta Institute of Public Policy where he also serves on its investment committee. In the late 1990’s, he Co-Founded Axios Data Analysis, one of the first large scale data analytics firms focused on healthcare data. His former research experience includes molecular biological work in gene sequencing, biophysics with a focus on positron emission neurofunctional brain imaging, and oncology through clinical cancer trials during a nearly 20 year period as Clinical Professor at Stanford University Hospital. He holds undergraduate, doctoral and postdoctoral degrees from the University of Wisconsin, University of California, Los Angeles (UCLA), and Stanford University respectively.

Annette Welton, Co-Founder and Chair

aweltonMs. Welton is Co-Founder of the firm and serves as Chair of the Board of Directors.  She oversees the Board of Directors, firm management, and engages in high-level industry relations.  Ms. Welton served as Chief Operating Officer from 1988-2009. She has served on the Managed Funds Association Public Relations and Trading and Markets Committees, as well as on the National Futures Association (NFA) Nominating Committee.  She was a Founder Director and served on the Board of Freedom Fields USA, an organization devoted to demining international areas of war torn conflict that has removed more than 60,000 land mines in multiple countries. Ms. Welton serves on the UCLA Foundation Board of Directors and serves on its Executive Committee and as the Chair of the Finance Committee from 2013 to 2017.  She holds a BS from the University of California, Los Angeles (UCLA).

Operating Committee

Dr. Patrick Welton, Chief Executive Officer & Chief Investment Officer

Dr. Welton is Co-Founder of the firm and serves as the CEO and CIO.  He has been an active investor for more than three decades, an investment manager since 1989, and actively contributes to the firm’s ongoing research.  Dr. Welton has served on committees for the Managed Funds Association (MFA) and as a prior member of the Board of Directors of the National Futures Association (NFA).  He speaks at numerous conferences globally every year, participates in panel presentations, and has authored numerous articles about alternative investments, macroeconomic impacts on markets, and investment theory.  Dr. Welton serves as Vice Chair of the Board of Montage Health and Chairs its pension and foundation investment committee.  He serves as a Director of the Panetta Institute of Public Policy where he also serves on its investment committee.  In the late 1990’s, he Co-Founded Axios Data Analysis, one of the first large scale data analytics firms focused on healthcare data.  His former research experience includes molecular biological work in gene sequencing, biophysics with a focus on positron emission neurofunctional brain imaging, and oncology through clinical cancer trials during a nearly 20 year period as Clinical Professor at Stanford University Hospital. He holds undergraduate, doctoral and postdoctoral degrees from the University of Wisconsin, University of California, Los Angeles (UCLA), and Stanford University respectively.

Dmitry Babayev, Head of Software Engineering

Mr. Babayev leads the design and implementation of Welton trading architecture and related software/hardware components. His experience spans over 20 years of working for major investment banks (Merrill Lynch, Deutsche Bank, Morgan Stanley, UBS), hedge funds (D.E. Shaw, Susquehanna International Group) and other institutions. His roles, ranging from systems administration to head of derivatives, have helped him build broad technical and business expertise in the areas of large-scale platform design, software architecture, low latency programming and high frequency trading systems. Mr. Babayev holds a M.S. degree in Computer Science from Columbia University.  Joined in 2015.

Justin Balas, CAIA, Head of Quantitative Macro Group

Mr. Balas is a principal of the firm and oversees the firm’s proprietary research and product development for the Quantitative Macro Group.  He also oversees multistrategy portfolio allocation in conjunction with the firm’s Portfolio Science and Global Trading Operations and Oversight teams. Mr. Balas’ past experience includes open outcry markets as well as quantitative trading and portfolio management.  Prior to Welton he ran a quantitative equity and derivatives portfolio specializing in high frequency equities trading and implied volatility spread strategies between equity index options.  Mr. Balas holds an MBA in Finance and Innovation Entrepreneurship from Northeastern University, is a graduate of the Stanford Executive Program, and holds a BA from UC Santa Cruz.  He also holds the CAIA designation.  Joined in 2004.

Guillaume Detrait, Chief Operating Officer & Chief Enterprise Risk Officer

Mr. Detrait is a principal of the firm and chairs the Operating Committee. He is responsible for overseeing the overall operations of the firm, helping each department adopt sound business practices and mitigating all major risks. Previously he was a Vice President at HSBC and a Senior Business Manager at Capital One.  He began his career with KPMG where he served as an audit manager to the firm’s Paris and Los Angeles practices.  Mr. Detrait holds an MBA from Columbia Business School and a BS from ESC Reims in France. Joined in 2008.

Justin Dew, Director of Strategic Development, Head of New York Office

Mr. Dew is a principal of the firm and is responsible for expanding the firm’s East Coast presence and identifying, evaluating and executing strategic growth opportunities.  He formerly was a Managing Director and Head of Strategic Development for the Clinton Group.  Prior to that, he had been Senior Director and Global Head of Alternative Strategies at Standard & Poor’s.  Mr. Dew holds an MBA from Cornell University and a BS from Ithaca College.  Joined in 2008.

Neal J. Howe, Director of Investor Solutions

Mr. Howe is a principal of the firm and leads the Investor Solutions team overseeing the new business development effort for all of Welton’s strategies, and working closely with investors to develop the most optimal solutions designed to meet their return objectives.  Previously he was Managing Director and Head of Distribution for Barclays Funds and Advisory.  Mr. Howe has also worked with Merrill Lynch, Schroders and Lazard in senior Distribution roles.  He holds a BS from Indiana University.  Joined in 2015.

Alexander Jung, Head of Quantitative Equities Group

Mr. Jung leads the Quantitative Equities Group and oversees all equity-based research, investment and IP platform development.  Previously he was the Co-Head and Senior Portfolio Manager of the Quantitative Equities Group at the Clinton Group, which he joined in 2001.  Prior to that, he developed portfolio systems and analytics for mortgage-backed securities at Merrill Lynch.  Mr. Jung began his career at Bell Communications Research (Bellcore) after completing his B.S. in Computer Engineering at Tufts University.  Joined in 2014.

Christopher Keenan, Director of Marketing

Mr. Keenan is a principal of the firm and manages marketing initiatives.  He formerly worked in investment banking as a Senior Associate with Bear Stearns and as a Senior Financial Analyst with Intel’s corporate venture group, Intel Capital.  Mr. Keenan holds an MBA from Northwestern’s Kellogg School of Business and a BA from the University of California, Los Angeles (UCLA).  Joined in 2002.

Hunter Leighton, Head of Infrastructure, Systems and Cybersecurity

Mr. Leighton is a principal of the firm and oversees WIP’s information technology infrastructure, systems administration and cybersecurity. He formerly worked as a Senior Trader with John W. Henry & Company Inc., bringing thirteen years of experience in the global futures and foreign exchange markets. Mr. Leighton holds a BS from the University of Florida. Joined in 2008.

Todd Merrell, CPA, CA, Director of Finance

Mr. Merrell is a principal of the firm and is responsible for all aspects of finance, middle- and back-office operations for Welton.  This includes: corporate finance, fund accounting, fund administration, trade oversight, and investor relations.  Prior to joining Welton, Mr. Merrell was an Assistant Vice-President with JPMorgan Chase Hedge Fund Services in Bermuda.  Before JPMorgan, he worked for Deloitte in Canada where he qualified as a Chartered Accountant (CA).  Mr. Merrell holds memberships with the Chartered Professional Accountants of Canada (CPA Canada) in both Bermuda and Saskatchewan.  He earned a Master of Professional Accounting degree and a Bachelor of Commerce degree in Finance from the University of Saskatchewan.  Joined in 2009.

David Nowlin, CRCP, Chief Compliance Officer

Mr. Nowlin is a principal of the firm and oversees compliance, legal and internal departmental reviews. Previously, he worked as an Associate with the firms formerly known as Price Waterhouse and Dean Witter Reynolds.  Mr. Nowlin successfully completed the FINRA® Institute at Wharton Certified Regulatory and Compliance Professional (CRCP) program. Mr. Nowlin earned an MBA from Santa Clara University and a BA from Westmont College.  Joined in 1993.

We believe talent is global, multidisciplinary and thrives in teams.

We practice a multi-disciplinary team approach. We combine accomplished, motivated individuals with different areas of expertise into a coordinated effort. This approach is central to our culture, and is born from the firm’s earliest Silicon Valley origins. Importantly, we believe our process yields uncommon insights that benefit our investors.

Alex J

March 3, 2017

Alex

March 3, 2017

Dmitry Working

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Oren Working

Test Description

Emily Working

November 11, 2016

Pat & Adam

November 11, 2016

B&W Desk

October 21, 2016

Annette

October 20, 2016

Francois

October 20, 2016

Conference Table

October 20, 2016

NY Office Moufid and Co

October 20, 2016

Guillaume et al

March 22, 2016

Jessie

March 22, 2016

Debbie

March 22, 2016

Hunter

March 22, 2016

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