Heiko Ebens

Investment Committee Member

Heiko Ebens is a member of Astoria Portfolio Advisors' Investment Committee. Heiko has 20 years of combined sell and buy-side experience in alternative investments, asset allocation, and derivatives. He is recognized for industry innovations in the areas of asset allocation and systematic alternative investments, has popularized “volatility” as an asset class, and maintains a strong academic record in the field of financial

Heiko is the founder of Lucidium, an investment advisor that focuses exclusively on the management of its risk-parity program, the Multi Asset Risk Premium Strategy. Prior to founding Lucidium in 2014, he was a Portfolio Manager and Director of Research at Guggenheim Partners.  Heiko was part of the portfolio management team for three managed futures funds with USD 1.5 Billion in combined assets.  Heiko also led the firm’s alternative investment research efforts and he and his team were responsible for the investment process underlying the iShares Canada Managed Futures ETF, the second in its class globally.

 

He previously served as Global Head of Research at Capstone Investment Advisors where he oversaw the research platform across Capstone’s New York, London, and Singapore offices and was responsible for tailoring custom solutions for investors with a specific focus on tail-risk hedging solutions, protecting USD 30 Billion in assets.

Until 2009, Heiko was the Head of Global Equity Derivatives Research at Merrill Lynch.  He built the firm’s research-driven structured product platform which raised USD 13.6 Billion in assets with products ranging from alternative investments to broad-based asset allocation solutions.  Heiko and his team were consistently recognized for their structured product and flow research in the Pan-European Thompson-Extel Polls and Institutional Investor Sell-Side Surveys in the Americas and Pacific Rim.  His hedge fund replication work is highlighted in the Merrill Lynch 2007 European Structured Funds House of the Year award.  A volatility fund he developed ranked 3rd best in the 2008 European Morningstar fund survey.

Heiko was an Associate in Morgan Stanley’s Quantitative Strategies Group until 2002.  He implemented volatility forecasting models and advanced the firm’s proprietary equity sector rotation model.

He received a Ph.D. in Economics from Johns Hopkins University in 2000.  His academic work is recognized for advances in forecasting risk and asset allocation and is published in the Journal of Financial Econometrics and the Journal of Alternative Investments.

Heiko resides with his wife Geeva and sons Ari and Max in Queens, New York.