Comprised of leading industry experts, the Advisory Board provides Thalēs with unique insights, expertise and perspectives. The Advisory Board brings together a distinctive group of professionals from various segments of the financial services industry including, Institutional Investors, Fund of Funds, Family Offices, Hedge Funds, Commodity Trading Advisors, as well as Regulatory and Technology experts.

Gary A. DeWaal

Katten Muchin Rosenman LLP | Special Counsel

Gary DeWaal focuses his practice on financial services regulatory matters. He counsels clients on the application of evolving regulatory requirements to existing businesses and structuring more effective compliance programs. He also assists with the resolution of disciplinary and enforcement actions.

Previously, Gary was a senior managing director and group general counsel for Newedge and its predecessors, where he oversaw the worldwide Legal, Compliance, Financial Crimes Prevention (including AML) and Regulatory Developments departments. He also worked for the US Commodity Futures Trading Commission’s Division of Enforcement in New York. For several years, Gary taught a course in derivatives regulation as an adjunct professor at Brooklyn Law School. He currently serves as a practitioner faculty and mentor for the State University of New York Buffalo Law School’s New York City Program on Finance & Law.

Gary is frequently quoted in the media for his thoughts on the international financial services industry and has published numerous articles on futures and securities industry issues. He regularly lectures or appears as a speaker at futures and securities industry conferences or in training sessions for international regulators. Gary is the sole author and publisher of Bridging the Week, a blog addressing issues in the financial services industry.

James R. Hodge

James R. Hodge is a graduate of Indiana University (BSc 1974 – highest distinction) and of the Harvard Business School (MBA 1979). He is a Certified Public Accountant (New Jersey 1985 – inactive).

Mr. Hodge was an employee of Permal Asset Management (“Permal”) from 1987 until April 2016. While at Permal, he performed various financial functions and specialized in the discovery of aggressive non-institutional US money managers and the analysis of their investment styles and results.

Prior to joining Permal, Mr. Hodge worked at the New York Stock Exchange in several accounting roles. He also spent four years as the chief financial officer for a start-up medical products company that supplied orthopedic devices to Bristol-Myers.

Philippe Khuong-Huu

Alphadyne Asset Management LLC | Managing Partner & CIO

Mr. Khuong-Huu, together with his partner Bart Broadman, sets the strategic direction of Alphadyne, and also as Chief Investment Officer, oversees the firm’s investment decision-making. In addition, he is Chief Investment Officer of both the Alphadyne International Fund and the Alphadyne Global Rates Fund, and a member of the firm’s Risk Committee.

Prior to forming Alphadyne in 2005, Mr. Khuong-Huu was a partner at Goldman, Sachs & Co. where he served as head of the firm’s structured credit group and, immediately prior, as head of the global interest rate products group. Mr. Khuong-Huu was also a member of the risk committee covering fixed income, currencies and commodities. Prior to joining Goldman Sachs, Mr. Khuong-Huu spent ten years at J.P. Morgan where he held various senior management positions within fixed income, equity and credit markets, including as global head of options, exotics and credit derivatives trading (1996-2000), co-head of European swaps (1995-1996), head of U.S. interest rate options (1993-1995) and head of equity derivatives trading in Tokyo (1991-1993). Mr. Khuong-Huu was also a member of Lab Morgan (2000-2001), where he invested in derivatives market platforms including Swapswire and Creditex.

Mr. Khuong-Huu began his career at Société Générale in Paris where he was a market-maker in options and then became head of equity derivatives in Tokyo, where he focused on option and index arbitrage (1988-1991). Mr. Khuong-Huu graduated from École Polytechnique and received his Masters in Statistics and Economics from ENSAE. He currently chairs the board of “Friends of École Polytechnique” and also serves as a member of FAOU Foundation’s board of directors.

Jayesh A. Punater

Gravitas | Founder & CEO

Jayesh Punater is the founder and CEO of Gravitas and has more than 22 years of experience working in entrepreneurial, high growth companies servicing the financial industry. Jayesh focuses on Gravitas’ high-growth strategy and, in concert with the management team, oversees the company’s operations.

Prior to founding Gravitas, he held management positions in several technology consulting and manufacturing companies, including New York based system integrator, DNA, and high-end workstations manufacturer 68000 Inc.

Jayesh has a BS in Electrical Engineering from Arizona State University and has extensive executive training in marketing, finance, and management. He has lectured on entrepreneurship at Fordham University.

William C. Reed II

Castleton Commodities International LLC | President & CEO

Mr. Reed is the Chief Executive Officer and President of CCI. Mr. Reed joined the Company in September 2007, became Head of Trading in January 2008 and was appointed to his current position in October 2008.

Prior to joining CCI, he was founding partner and Head of Trading, at Saracen Energy Advisors where he was one of four partners responsible for establishing the fund and growing assets under management from $30 million at launch to $1.4 billion at the time of his departure in September, 2007. From 1999 – 2003, Mr. Reed was a Senior Vice President and Head of Trading at American Electric Power (“AEP”) Energy Services, which grew to be one of the largest energy trading and marketing companies in the United States during his tenure. Before joining AEP, he was a Director of Power Trading at Enron Corporation.

Mr. Reed earned an M.B.A. (concentration in finance and accounting) from the Wharton School of the University of Pennsylvania, and a B.S., summa cum laude, in mathematics and economics from the University of Pittsburgh.

Edward Rzeszowski

BlackRock Inc | Managing Director

Edward Rzeszowski, Managing Director, is a member of BlackRock Alternative Advisors (“BAA”), the firm’s Hedge Fund Solutions team. Mr. Rzeszowski is a member of the Absolute Return Strategies Manager Research group within BAA. He is a Portfolio Manager and responsible for overseeing the sourcing, performance of, due diligence on and monitoring of hedge fund managers for both privately offered funds and mutual funds.
Mr. Rzeszowski’s service with the firm dates back to 1995, including his time with Merrill Lynch Investment Managers (“MLIM”), which merged with BlackRock in 2006. At MLIM, Mr. Rzeszowski was a Senior Hedge Fund Analyst and Portfolio Manager for several privately offered hedge funds.

Prior to joining MLIM in 1995, Mr. Rzeszowski was responsible for the consolidation of managed futures risks at OMR Systems Corporation.

Mr. Rzeszowski earned a BA degree in economics and finance from the University of Pittsburgh.

Edward J. Stern

Hartz Capital Inc | Founder & President

Edward Stern is managing member and founding principal of Hartz Capital the investment arm of The Hartz Group, a closely held company with a diverse set of business interests, including real estate, securities and commodities trading, and direct equity investments.
Prior to forming Hartz Capital, Mr. Stern served as president and CEO of The Hartz Mountain Corporation, then America’s largest manufacturer and distributor of pet supplies. Mr. Stern oversaw the successful reorganization and sale of this business, The Hartz Group’s core, legacy operating business.

Mr. Stern has been an avid local and regional running competitor for over 30 years. He races frequently around New York, placing in the top 3 in his age group consistently. In 2012 he was nominated for NYRR Runner of the Year in the Masters 45-50 age group.
Mr. Stern serves and has served on a number of philanthropic boards including the board of directors of The Gateway School, The Jewish Community Center in Manhattan, the board of Trustees of Columbia Grammar School and the investment committee of UJA Federation.

Mr. Stern holds a BA from Haverford College (1987) and is a Thomas J. Watson Fellow (1988). He lives in Manhattan with his wife, Dr. Stephanie Beth Rein, and three children.

Menachem Sternberg

Eagle Trading Systems Inc | CEO, Chairman & President

Menachem Sternberg is the Chairman of the Board, Chief Executive Officer (since Jan 1997) and President (since June 2010) of Eagle. Mr. Sternberg is a member of the NFA, and is registered as a Principal and an Associated Person of Eagle. Mr. Sternberg’s membership in the NFA and his registration as a Principal and an Associated Person of Eagle took effect on February 14, 1997, March 10, 1997, and April 7, 1997, respectively.

Prior to joining Eagle in January 1997, Mr. Sternberg was a Senior Vice President and senior trader at Caxton Corporation (“Caxton”), and, also was a principal of Caxton Associates LLC from July 1995 until December 31, 1996. Caxton is a New York based money management firm investing in the foreign exchange, global financial, and commodities markets. Prior to joining Caxton in August 1992, Mr. Sternberg was the President and a director of Tiverton, a registered commodity trading advisor. From August 1989 to December 1991, Mr. Sternberg also was a Managing Director of Global Research and Trading Ltd., a corporation engaged in the research and development of trading and investment strategies in the futures, forward and option markets. Prior thereto, Mr. Sternberg was employed by Commodities Corporation (“CC”) from 1979 until December 31, 1989, first as a research consultant and subsequently as a First Vice President of CC. In 1986, he became an employee of Tiverton in addition to his employment at CC. Prior to joining CC, Mr. Sternberg was a systems analyst.

Mr. Sternberg received a B.A. cum laude from Tel Aviv University and a Ph.D. in Economics from Princeton University. His doctoral dissertation, entitled “Uncertainty and the Use of Forward Contracts”, dealt with theoretical issues concerning hedging and market behavior. In addition to his involvement in global financial markets, Mr. Sternberg has advised governmental and corporate clients as an economic consultant, and has authored numerous research and academic papers. He also has served on the faculty of Ben Gurion University and as a visiting scholar at Princeton University. Mr. Sternberg is a member of the Firm’s Investment Research Committee and Operations and Governance Committee.