Erez Kalir, Co-Founder and Chief Investment Officer
Prior to joining Stansberry Asset Management, Erez Kalir co-founded Sabretooth Capital, an event-driven fund that invested in distressed credit and equities, and managed just under $1 billion in assets for some of America’s most highly-regarded entrepreneurs, families, and endowments. He also worked at Eton Park Capital Management, a large hedge fund spun out of Goldman Sachs, as the first analyst hired into the Special Situations Group.
Erez’s experience includes time spent as an Engagement Manager at McKinsey & Co., where he was an early member of the bankruptcy and restructuring practice; a Special Counsel to FCC Chairman Bill Kennard; and a law clerk on the Federal Court of Appeals for the Second Circuit in Manhattan, a court that oversees complex bankruptcies, commercial law disputes, and sovereign debt litigation.
Erez holds a J.D. from Yale Law School, where he was a senior editor of the Law Journal and a Coker Fellow; an MSc. with distinction (highest honors) from Magdalen College, Oxford, where he studied biology on a Rhodes Scholarship; and an A.B. (highest honors) from Stanford University where he majored in English and biology. He is a member of the Council on Foreign Relations, the Young President’s Organization Manhattan Chapter, the New York Economic Club, and the Atlas 400. Erez has been an invited investment presenter at the Ira Sohn Conference and the Greenwich Roundtable, and named to Institutional Investor’s “Hedge Fund Rising Stars” list.
Erez lives in the San Francisco Bay Area.
Michael Joseph, CFA, Vice President and Deputy Chief Investment Officer
Michael is a Vice President and Deputy Chief Investment Officer at Stansberry Asset Management. His duties include sourcing investment opportunities and conducting ongoing due diligence on SAM’s portfolios.
Prior to joining SAM, Michael was a Senior Financial Consultant at TD Ameritrade. He was previously a Senior Analyst at PFM Asset Management. Michael began his career in the investment business with Fisher Investments in 2010.
Michael holds an MBA from the University of California, Davis and a BA from San Francisco State University where he majored in History. He earned the Chartered Financial Analyst (CFA) charter in 2017.
Michael currently resides in Arizona. He serves as a Committee Member of the Arizona Council on Economic Education and is a member of CFA Society Phoenix.
You can see Michael discuss SAM’s portfolio management during the sharp 2020 downturn in this brief video.
Mario Valente, CFA, Deputy Chief Investment Officer
Mario is a Deputy Chief Investment Officer at Stansberry Asset Management. He is responsible for sourcing and monitoring positions across the firm’s strategies, while also serving as a principal spokesperson for the team’s investment philosophy with clients.
Prior to joining SAM, Mario was the Director of Investment Grade Research at Zazove Associates, a multi-billion dollar investment firm specializing in convertible securities management. He was previously a Senior Credit Analyst at Sandelman Partners, a multi-strategy hedge fund focused on fixed income relative-value investing. Mario started his buy-side asset management career with Citadel in 2001, where he was one of the first credit research analysts hired into the Convertible Arbitrage group.
Mario holds a BA from Stanford University where he majored in Economics. He earned the Chartered Financial Analyst (CFA) charter in 2011.
Mario serves as the Co-Chair of the Membership Programming Advisory Council for the CFA Society San Francisco. He also serves on the Board of Directors of Bridge The Gap College Prep, a non-profit organization dedicated to the educational advancement of underserved youth. Mario resides in Marin County with his wife and three young daughters.
You can see Mario share SAM’s thoughts on Merger Arbitrage investing in this brief video.
William Pedersen, Executive Vice President
William is an Executive Vice President at Stansberry Asset Management. He spent the bulk of his early career helping to build a multibillion-dollar private investment firm where he was recognized multiple times for his impact on the growth of the firm. He held a leadership position and played a pivotal role in training and formally mentoring business development representatives.
Just prior to joining SAM, William served as a Managing Director at two different investment firms where he worked with both high-net-worth investors and institutions. During this time he held series 3, 7, 24, 63 and 65 licenses. William’s background also includes time spent working with private clients at both Bank of the West and Wells Fargo.
William earned degrees in Rhetoric and Communications from the University of California, Davis, served as a Paratrooper in the US Army and competed as a collegiate wrestler earning multiple championships. He is a long-time resident of Sonoma County where he is raising six children and enjoys coaching youth football and wrestling.