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 (http://blog.angelesadvisors.com/2016/05/inside-the-triangle/) through the lenses of valuation, mom...

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  • Quarterly Commentary

    Quarterly Commentary

    Ghost Moves

    Wei Qi translates as "surrounding game". It is the oldest board game in continuous play in its original form, some 3,000-4,000 years old.

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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 (http://blog.angelesadvisors.com/2016/05/inside-the-triangle/) through the lenses of valuation, mom...

    Read More READ MORE
  • Quarterly Commentary

    Quarterly Commentary

    Ghost Movies

    Wei Qi translates as "surrounding game". It is the oldest board game in continuous play in its original form, some 3,000-4,000 years old.

    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 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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  • 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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  • Brandon B. Pevnick, CFA, CPA

    Brandon B. Pevnick, CFA, CPA

    Investment Officer & Portfolio Manager, Israel Fund

    Brandon works with foundations, endowments and other institutional portfolios.

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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