Ronen Schwartzman

Hi, I'm Ronen Schwartzman. I help investors with their allocations to hedge funds!

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Ronen Schwartzman, the Founder and Chief Executive Officer of Ten Capital Advisors, has over 12 years of investment and capital markets experience. Prior to founding Ten Capital Advisors, he served as the Investment Manager of Yellow Brick Capital, a multi-family office focused on alternative investments, which he led to a highly profitable year in 2008 - the worst year in the history of hedge fund industry. Prior to that Ronen worked for 4 years at Bear Stearns in New York where he managed equity and fixed income portfolios for individuals and corporations. He also advised institutional investors on capital markets investments. Ronen started his career as an equity analyst with Oppenheimer in Tel Aviv where he was frequently quoted in the local media. A former Special Operations Intelligence Officer in the Israeli Air Force, Ronen is fluent in Spanish and Hebrew and holds an MBA from The Wharton School - University of Pennsylvania. Among his philanthropy activities Ronen is a board member of the Jewish Communication Relations Council in NY and a member of the Young Wall Street Executive Committee at the UJA.

Investment Manager at Yellow Brick Capital Advisors

October 2008 - October 2009

In charge of setting and implementing the hedge funds investment strategy for our clients. Research and analyze hedge funds as well as perform investing and operating due diligence on prospective funds. Responsible for the on going monitoring of funds in the portfolio that includes: follow up with managements, revising monthly letters and attending conference calls. Interfacing with investors with any issue they might require. Take part in the company's reporting systems and reconciling all investor and internal reporting as well as for preparing investor reports. Oversee a team of 5 analysts.

Associate - Private Client Services Division at Bear Stearns

September 2004 - October 2008

o Fundamental, bottom up stock picker for long and short ideas across industries in the U.S. market; prices of selected stocks increased, on average, by 25% for long ideas and decreased, on average, by 20% for short ideas within a 6-9 month period o Research target companies to support investment decisions: Review financial reports, listen to quarterly conference calls, attend conferences, meet with management teams and talk to analysts o Advise major Israeli institutional investors on investment strategy and opportunities in the U.S. public markets o Execute trades for institutional investors across different asset classes including equities, fixed income and options o Develop the structured products trading business -- a $25 M business growing 50% annually. Examples of completed trades include a bearish 12-month note linked to the HGX index resulting in a 30% ROI; sales of equity and debt tranches of cash CDOs; and reverse convertible notes on different underline equities

Summer Associate at Khronos LLC

June 2003 - August 2003

o Conducted due diligence of new investment opportunities: investigated funds according to investment strategy, size and past performance; contacted various styles of hedge funds, e.g., equity long / short, distressed, macro, merger arb; met with funds' management to evaluate investing style and team performance

COO at BSR Europe

December 2001 - June 2002

o Screened prospective real estate acquisition targets in Europe; created financial projections regarding profitability of these properties and presented results to the Board of Directors o Managed the company's 1.4 M sq. ft. real estate portfolio comprised of 8 office buildings and 2 logistic centers; oversaw direct operations performed by 40 professionals in six European countries o Increased operating profitability by 15% through cutting costs in a newly acquired property o Increased tenant occupancy in properties by 7% through introducing special fee promotions and incentives

Equity Analyst at CIBC World Markets

June 1999 - November 2001

o Researched enterprise software industry trends and company-specific issues, analyzed 15 companies and competitors in the sector and valued them based on proprietary-developed financial models using different metrics, e.g., P/E, P/S and EV/EBITDA ratios o Composed initiation reports, follow-up reports and research notes on company and sector issues o Evaluated and interviewed senior management via one-on-one interviews and quarterly conference calls in order to asses overall corporate performance o Featured regularly in major Israeli media regarding sector issues and companies under coverage

Captain, Air Force Intelligence, Elite Special Forces at Israel Defense Forces

December 1992 - December 1996

o Commanded a team of ten soldiers engaged in anti-terrorist operations; researched intelligence resources; planned special operation missions; presented to senior officers and received approval for implementation o Provided real-time emergency intelligence to troops in combat to assure their safe return to home-base o Honors: Division's Distinguished Officer (1996), Intelligence Course Merit Award (1993), Commanders Course Best Soldier (1993)

Founder & Chief Investment Officer at Ten Capital Advisors

November 2009

Ten Capital Advisors is a NY based hedge fund advisory company. We provide our clients Ultra High Net Worth Individuals, family offices and RIAs, a professional, thoughtful and objective advice regarding their investments in hedge funds. Our services include anything from an independent evaluation of a manager through a complete customization of a portfolio of hedge funds, including asset allocation, manager selection, due diligence and on-going monitoring, to meet our clients' both risk reward profile and liquidity needs

University of Pennsylvania - The Wharton School

2002 – 2004

MBA

The College of Management - Tel Aviv

1997 – 2000

BA

Concentration: Finance