Co-Founder Chief Executive Officer
Armen Arus is a groundbreaking entrepreneur who co-founded New Age Alpha with Julian Koski, and he currently serves as the company's CEO. Armen is also a member of the Board of Directors
and acts as Interested Trustee to the New Age Alpha Trust.#Armen Arus possesses a proven track record across all aspects of company growth and leadership: from early-stage
idea generation, to research and funding, to startup and mid to late-cycle development, to successful and efficient exit. With extensive asset management background,
strategic planning, product innovation and the delivery of complicated business models and investment solutions, Armen has pragmatic expertise within an intensely
competitive investment environment.#Over the past 20+ year partnership with Julian Koski, the duo has combined their abilities to launch and build modern, efficient,
and dependable asset management firms. Armen and Julian co-developed New Age Alpha's H-FactorTM methodology, which is at the core of New Age Alpha's investment approach
and portfolio solutions. Prior to establishing New Age Alpha, Armen and Julian co-founded Transparent Value, which was successfully sold to Guggenheim Partners in 2009.
At Transparent Value, Armen and Julian invented the Required Business Performance (RBP), the investment process that formed the foundation of the firm.
Armen was instrumental in launching, organizing, operating, and selling the asset management business which included mutual funds, separately managed accounts, hedge fund,
indexes and UITs. This enterprise included a successful outsourcing unit, personally constructed by Armen, composed of approximately 250 analysts and technology professionals.
Armen also served as president of the mutual fund trust, portfolio manager and managed the funds relationships.#Armen began his career at Lehman Brothers' CMBS group,
then later joined the Acquisition Finance group at JPMorgan Chase, focusing on financing solutions for financial sponsors. Armen is a graduate of New York University
Leonard N. Stern School of Business with degrees in Finance and Information Systems.
Co-Founder Chief Investment Officer
Julian Koski is an innovator and entrepreneur who co-founded New Age Alpha with Armen Arus, and he currently serves as the company's Chief Investment Officer.
Julian is a member of the Board of Directors and he leads New Age Alpha's investment process, business development, marketing and distribution efforts across all product offerings and investor groups.
#Julian possesses deep financial expertise that includes the conceiving, building, and marketing of a range of successful financial firms, the first of which he sold to Ernst & Young
at the age of 29. Over the course of his career he has built and managed an investment bank, an asset management firm and a private equity fund that invested in healthcare,
financial services, media, and entertainment.#Over the past 20+ year partnership with Armen Arus, the duo has combined their abilities to launch and build modern,
efficient, and dependable asset management firms. Julian and Armen co-developed New Age Alpha's H-FactorTM methodology, which is at the core of
New Age Alpha's investment approach and portfolio solutions. Prior to establishing New Age Alpha, Julian and Armen co-founded Transparent Value,
which was successfully sold to Guggenheim Partners in 2009. At Transparent Value, Armen and Julian invented the Required Business Performance (RBP), the investment process
that formed the foundation of the firm. Julian was instrumental in leading all product marketing and distribution strategies through the broker-dealer and wirehouse channels,
as well as the full range of asset management intermediaries and institutional investors.#Driven by his love for nature, Julian is spearheading the shift to Impact Tourism
which focuses on building leisure properties around the world that appeal to both the investment needs and tourism needs of the ultra-high net worth - all of which have at their
heart a social and conservation importance. The ultimate mission is to invest and build luxury hospitality businesses that give back directly and help protect the communities they are located in.
Most recently, Julian built, owns, and operates, Kubili House, a luxury safari lodge in South Africa's Greater Kruger National Park.
Konstantin Tourevski, CFA
Managing Partner Investments
Konstantin leads New Age Alpha's fixed income efforts. He is responsible for implementing the H-FactorTM  investment system within the high yield and investment grade corporate debt markets. Konstantin brings experience and relationships from nearly 20 years of trading and managing fixed income portfolios, applying it across New Age Alpha's product portfolio, including SMAs, indices and ETFs.#Previously, Konstantin was with Loews Corporation, where he analyzed, traded and managed multibillion dollar portfolios of fixed income securities. His primary focus was high yield and investment grade corporate debt. When he left, Konstantin was responsible for managing Loews' high yield bond portfolio that generated significantly above market returns during his tenure. He also developed Loews' credit derivatives and synthetic fixed income capabilities that proved instrumental in hedging risks during the credit crisis.#Before Loews, Konstantin worked in fixed income research with JP Morgan Investment Management, where he focused on credits in technology, telecom, media, gaming and leisure industries. After two years he was given primary sector coverage for the technology industry, and responsibility for several billion dollars in corporate bonds.#Konstantin is a CFA charterholder, and has earned a BA in Economics from NYU, summa cum laude, and an MBA from Columbia Business School.
Managing Partner Direct Indexing
Hugo Chang, CFA, FRM
Senior Managing Director Index Development
Hugo leads the creation and maintenance of New Age Alpha's indices. He is responsible for researching, developing and implementing products in fixed income and global equity securities that actualize New Age Alpha's H-FactorTM system across the full set of company products.#Before New Age Alpha, Hugo held similar responsibilities at Invesco Indexing, and as Vice President for Guggenheim Investment. Specifically, he led index research efforts and developed rules-based investment strategies for mutual funds, ETFs and SMAs, and played a key role in building a quantitative, multi-asset index research platform that allowed historical back-tests and live day-to-day index operations.#Prior to joining Guggenheim, Hugo served as Senior Research Analyst for S&P Dow Jones Indices, and was instrumental in custom index research and analytics.#Hugo has a master's degree in Financial Engineering from the University of California, Berkeley. Hugo is a CFA charterholder and Financial Risk Manager.
Andy Kern, PhD
Senior Managing Director Research
Andy serves as senior portfolio manager of New Age Alpha Long Short. He is also responsible for New Age Alpha's research initiatives, including historical and ongoing analysis of the H-FactorTM investment methodology. This involves adapting, testing and applying findings from academic finance literature to continually improve the company's strategies.#Prior to New Age Alpha, Andy was Vice President at Guggenheim Transparent Value. His research helped refine and improve the firm's proprietary "Required Business Performance (RBP)" investment process by incorporating innovative econometric techniques. He also assisted with marketing efforts, supported the external sales force, and produced content for investor and external stakeholder communications.#Andy served on the faculty of the Trulaske College of Business at the University of Missouri and his research has been published in the Journal of Financial and Quantitative Analysis. He holds an MBA and PhD in finance from the University of Missouri.
Managing Director Investments
Carl's background and training lies in actuarial science, where he began his career as a derivatives and quantitative analyst for an actuarial consultancy. He co-founded and listed his first asset management company PSG Escher Multi-Manager at the age of 26. Since then he has built up and managed several asset management companies. He setup a structured products division for ABSA and held the position of Chief Investment Officer at Sasfin. Furthermore, he has much experience in designing new products having received the Johannesburg Stock Exchange's Spire Innovation Award for creating and listing the first South African Bond Exchange Traded Fund. He now works with New Age Alpha to build up and manage their international assets.#When not crunching numbers, Carl trains in the cirque arts. He is an accomplished aerialist, specializing in trapeze and performs regularly in shows. Carl co-founded The CIRK, a cirque style acrobatic performing arts company.#Carl's passion for cirque arts also led him to co-found a non-profit project - the Jozi Circus School. The project helps those who don't have the advantages that we have but have talent and desire to be the best they can be in their lives. Jozi Circus School teaches performance acrobatic skills that will turn into paying work one day, as well as offering the opportunity to work in the performing industry.
Dan Aizin, CFA
Vice President Fixed Income
Managing Director Distribution
Greg is part of New Age Alpha's retail sales team covering Wirehouses, Independent Broker Dealers and Registered Investment Advisors (RIAs).#Previously, Greg was a financial advisor at Raymond James where he focused on business development and portfolio construction. Before Raymond James, Greg was an investment consultant on the UBS Asset Management sales desk where he worked with mutual funds, separately managed accounts and alternative investments.#Greg holds the AAMS designation and has a Bachelor of Business Administration degree in Finance from Iona College.
Managing Director Insurance Partnerships
Managing Director Portfolio Specialist
Managing Director Strategic Partnerships
Director Portfolio Specialist
Ryan is part of New Age Alpha's institutional sales team, covering corporate and public plans, endowments and foundations, family offices, sub-advisory and OCIOs. Prior to joining New Age Alpha, Ryan worked in commodities and wholesaling at J.P. Morgan and Prudential, respectively. He graduated from SUNY Oswego majoring in Finance and minoring in Economics. Ryan is a CFA level 3 candidate.
Vice President Portfolio Specialist
Zikhona Yandisa Mjali
Senior Managing Director Technology
Consultant SEO Manager
Director Product Manager
Senior Managing Director Fund Operations
Keith heads corporate and fund operations for all New Age Alpha's investment products, including indexes, separately managed accounts, hedge fund and ESG offerings. He developed, documented, and implemented controls, processes and procedures for all funds and related operational activities, in addition to shareholder servicing, performance reporting, portfolio relationship management, and cash management.#Prior to joining New Age Alpha, Mr. Kemp was Managing Director of Guggenheim Investments, as well as, Managing Director of Transparent Value, LLC, and Chief Financial Officer of Guggenheim Specialized Products.#Before Transparent Value and Guggenheim, Keith was Chief Operating Officer at Macquarie Capital Investments Management LLC where he was responsible for fund accounting and administration oversight, middle office operations and FX/cash management for open and closed end mutual funds, hedge funds and institutional accounts.
Senior Managing Director General Counsel and Chief Compliance Officer
Mike leads New Age Alpha's legal team. He has over two decades of experience in corporate and ongoing SEC compliance matters, as well as public offerings, reorganizations, sales of stock and assets representing buyers and sellers (public and private, international and domestic), and acquisitions and divestitures through mergers and tender offers.#In addition to corporate and securities law, he has worked in commercial lending, construction finance, licensing, mergers and acquisitions, commercial litigation and appellate practice.#Previously, Mike was the General Counsel and Chief Compliance Officer of BPV Capital Management LLC an SEC registered investment advisor that managed a family of funds, and accounts with over $2B of assets under management.#He came to BPV from the Wall Street firm of Solomon Blum Heymann LLP, where he specialized in transactional corporate and securities practice, with an emphasis on international and domestic corporate finance.
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