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.

Our Insights

  • Blog

    Negative Negative is Positive

    Housing is a small part of the larger economic picture, contributing only about 5% to GDP (although including all the ancillary and related services probably triples that number). Still, for most peop...

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  • Quarterly Commentary

    Fission

    University of Chicago is known for its excellent academics, not so much for its athletic prowess. But that wasn’t always the case...

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  • Blog

    Negative Negative is Positive

    Housing is a small part of the larger economic picture, contributing only about 5% to GDP (although including all the ancillary and related services probably triples that number). Still, for most peop...

    READ MORE
  • Quarterly Commentary

    Fission

    University of Chicago is known for its excellent academics, not so much for its athletic prowess. But that wasn’t always the case...

    VIEW ARCHIVE

Investment Services

  • 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 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

    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

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

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  • AREAS OF EXPERTISE

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

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Our Senior Team

Consultants
  • Michael A. Rosen

    Principal & Chief Investment Officer

    Michael has more than 25 years experience as an institutional portfolio manager, investment strategist, and investment consultant.

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  • Leslie B. Kautz, CFA

    Principal

    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

    Principal

    Howard is one of the founding partners of Angeles Investment Advisors in 2001, and of Asset Strategy Consulting in 1991.

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  • 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

    Managing Director & Partner

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

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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

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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Susan Yun Lee

Director, Private Capital & Partner

Susan joined Angeles Investment Advisors in 2013 and is a partner of the firm.

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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

Associate, Operation & Partner

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

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Tatijana Janko

Director, Business Development

Tatijana joined Angeles Investment Advisors in 2014. Prior to joining Angeles, Tatijana worked as a marketing...

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NEWS & Events

NEWS & EVENTS

2015 ANGELES INDEPENDENT SCHOOL ENDOWMENT SYMPOSIUM

Thank you to the 22 independent schools that participated in a thoughtful exchange of ideas.
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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