FORWARD-THINKING INVESTORS

Angeles Investment Advisors provides wholly independent investment advice and customized total portfolio implementation to sophisticated and forward-thinking institutional investors. Through our rigorous research and access to best-in-class managers across markets, we strive to deliver superior investment results over the long term.

Angeles Wing MarkerAngeles Wing Marker

Our Insights

  • Updating the Triangle

    Blog

    Updating the Triangle

    Last year, I introduced my big picture framework of assessing the relative attractiveness of markets (Inside the Triangle) through the lenses of valuation, momentum and sentiment. To recap, the ideal ...

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  • Quarterly Commentary

    Quarterly Commentary

    Beasts

    Paris, at the turn of the 20th century, was the center of the world: the City of Lights embraced innovative entrepreneurs and artists alike.

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  • Updating the Triangle

    Blog

    Updating the Triangle

    Last year, I introduced my big picture framework of assessing the relative attractiveness of markets (Inside the Triangle) through the lenses of valuation, momentum and sentiment. To recap, the ideal ...

    Read More READ MORE
  • Quarterly Commentary

    Quarterly Commentary

    Beasts

    Paris, at the turn of the 20th century, was the center of the world: the City of Lights embraced innovative entrepreneurs and artists alike.

    View Archive VIEW ARCHIVE

Investment Services

  • Investment Overview

    Investment Overview

    In partnership with our clients, we set investment goals and establish a long-term asset allocation framework. We augment traditional...

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  • Outsourced Investment

    OUTSOURCED INVESTMENT OFFICE

    Angeles has been providing discretionary “Outsourced CIO” investment services to our clients since 2002. Today, we work with more than...

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  • General Consulting

    GENERAL CONSULTING

    Angeles has been providing customized general consulting services to institutional plans sponsors since the inception of our firm. Today we serve as investment...

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  • Wealth Management

    WEALTH MANAGEMENT

    Angeles Wealth Management, LLC was founded to provide wealthy individuals and families with investment advice generally available to...

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  • Investment Expertise

    AREAS OF EXPERTISE

    Endowments & Foundations, Governments, Corporations & Insurance, Defined Benefit, Defined Contribution Plans & Private Clients...

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Our Senior Team

Investment Officers
  • Michael A. Rosen

    Michael A. Rosen

    Managing Partner & Chief Investment Officer

    Michael has more than 30 years experience as an institutional portfolio manager, investment strategist, and investment consultant.

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  • Leslie B. Kautz, CFA

    Leslie B. Kautz, CFA

    Managing Partner

    Leslie was a founder of Angeles Investment Advisors in 2001 and of Asset Strategy Consulting in 1991.

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  • Howard D. Perlow, CFA

    Howard D. Perlow, CFA

    Managing Partner

    Howard is a Managing Partner of Angeles Investment Advisors. He co-founded the firm with Leslie and Michael in 2001.

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  • David R. Brief, CFA

    David R. Brief, CFA

    Senior Managing Director

    David Brief is a leading expert in non-profit management with over 25 years of investment experience.

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  • Anna L. McGibbons, CFA

    Anna L. McGibbons, CFA

    Managing Director & Partner

    Anna joined Angeles Investment Advisors at its founding in 2001, and is a partner of the firm.

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  • Shana Mulkerin

    Shana Mulkerin

    Managing Director & Partner

    Shana joined Angeles Investment Advisors in 2005 and is a partner of the firm.

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  • Brandon Pevnick, CFA, CPA

    Brandon Pevnick, CFA, CPA

    Investment Officer & Portfolio Manager, Israel Fund

    Brandon works with foundations, endowments and other institutional portfolios.

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Michael J. Burlon

Michael J. Burlon

Director, Hedge Funds & Partner

Michael joined Angeles Investment Advisors in 2010 as a Hedge Fund Research Associate.

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Aaron M. Azelton, CFA

Aaron M. Azelton, CFA

Director, Public Markets & Partner

Aaron joined Angeles Investment Advisors as a Manager Research Consultant in 2012 and is a partner of the firm.

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Derrick Cruz

Derrick Cruz

Director, Private Markets

Derrick directs private capital manager research and selection and works with institutional investors to develop...

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Stephen T. Smetana

Stephen T. Smetana

Chief Compliance Officer & Partner

Steve joined AIA in 2008 as the Director of Funds Management and Chief Compliance Officer.

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Gina Cadei

Gina Cadei

Senior Associate, Operation & Partner

Gina executes trades for discretionary portfolios and monitors these portfolios for compliance with asset allocation.

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Tatijana Janko

Tatijana Janko

Director, Business Development

Tatijana joined Angeles Investment Advisors in 2014. She leads client development, serves as a consultant...

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NEWS & Events

News and Events

NEWS & EVENTS

2018 ANGELES INVESTMENT ADVISORS FOUNDATION SYMPOSIUM

Join the community of southern California investors at Angeles Investment Advisors' 2018 Foundation Symposium for trustees and staff.
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    PROACTIVE

    We actively identify investment strategies that are not currently present in client portfolios and tactically implement them in the face of faster moving market environments.

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    THOROUGH AND INTELLECTUALLY HONEST

    Our senior professionals are involved in all stages of the research process, from the germ of a new idea, through analysis, and into a client portfolio. While portfolios are customized, our advice is intellectually consistent across clients and seeks to minimize conflicts.

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    ACCOUNTABLE FIDUCIARIES

    We never forget that we are co-fiduciaries by your side, and Angeles will be your advocate in every sense of the word.

OUR PHILOSOPHY