Ativo Capital

Rigorous Thinking


Financial and economic commentary reflecting Ativo’s world view:

Sort by

  • No categories

Shirley Huang, CPA

Monday, October 5, 2015

POSTED BY

Shirley has been with Ativo since 2014, she oversees all aspects of the firm’s accounting operations, including accounts payable, accounts receivable, payroll, bank reconciliation, budgeting, financial statements, annual audit, and tax returns. She has more than 20 years of accounting and finance experience within the banking, investment, and education industries. Shirley earned a bachelor’s degree in Finance from Xiamen University, China and a master’s degree in Accounting from the University of Illinois at Chicago. She received her CPA designation in 1997.

Read More


Athang K. Mistry

Wednesday, July 15, 2015

POSTED BY

Athang supports the investment team by ensuring the accuracy of worldwide company financial data received from multiple data vendors. He is also responsible for creating and updating portfolio attribution reports. Athang holds a bachelor’s degree in Finance and Management, as well as an MBA from Dominican University. He was hired by Ativo as an intern in 2013, while completing his master’s degree, and became a full-time employee after two years.

Read More


Eric T. Pucek, CPA, CFE, IACCP®

Thursday, June 25, 2015

POSTED BY

Eric has been with Ativo since 2014. He manages our compliance activity and oversees operations. Prior to joining the firm, Eric was Director and Senior Compliance Officer of UBS Global Asset Management. He also served as Securities Compliance Examiner and Staff Accountant for the broker-dealer examination program in the Chicago regional office of the U.S. Securities and Exchange Commission. Eric is an Illinois-registered CPA, a CFE (Certified Fraud Examiner), has completed Level I of the CFA® program, and is an IACCP® (Investment Advisor Certified Compliance Professional). He holds a bachelor’s degree in Accountancy and a master’s degree in Accounting…

Read More


Philip Halpern

Monday, April 27, 2015

POSTED BY

Philip Halpern has been engaged as Chief Investment Officer (“CIO”) of large institutional portfolios for over twenty years — including for the endowments of The University of Chicago and Caltech, and The Washington State Investment Board and J.C. Penney Co. pension plans. Mr. Halpern is a National Association of Corporate Directors (“NACD”) Fellow, and currently serves on the Board or Advisory Board of DWS RREEF America REIT II (Audit Committee Chairman), Edgeline Capital Partners, and Nations Builders Insurance Services, in addition to Ativo. Previously he also has served as board trustee for Boston Advisors, Duet India Hotels and M…

Read More


Kristine L. Ford

Wednesday, December 11, 2013

POSTED BY

Ms. Ford has more than 35 years of experience in investment consulting, investment management, and financial services. Ms. Ford has been a frequent speaker at many investment industry conferences and a university guest lecturer. In 2010, Ms. Ford retired as a principal of Ennis Knupp and Associates, Inc. (Ennis Knupp, currently known as Hewitt EnnisKnupp, Inc., an affiliate of the Aon Company), where she served as a senior consultant managing numerous engagements. She also served as the leader of Ennis Knupp’s Emerging Manager Advisory Council, was a member of the global equity research group, and assisted the private equity,…

Read More


Professor Robert Z. Aliber

POSTED BY

Professor Aliber received his Ph.D. degree from Yale University in 1962 and undergraduate degrees from Williams College and Cambridge University. He joined the faculty of the Graduate School of Business at the University of Chicago in 1965 and retired in 2004 as Professor of International Economics and Finance. Prior to joining the Chicago faculty, Professor Aliber was Senior Economic Advisor, Agency for International Development, Department of State. Professor Aliber has written extensively about international financial issues, including changes in cross-border capital flows, changes in currency values, and the efficiency of the currency market. His publications include The New International Money Game; The…

Read More


Kiat Tang

POSTED BY

Kiat joined Ativo in 2005. He develops and maintains Ativo’s business applications based on the securities research methodologies developed by the investment team. He is also responsible for company-wide computer maintenance. Kiat holdsa bachelor’s degreein Computer Engineering from Illinois Institute of Technology. After graduation, he  joined a process automation company as a software developer. He worked with pharmaceutical industry clients to design control system software used for the automation of their production plants. In 2018, Kiat received his MCSA on SQL Server.

Read More


Adan Galvan, CFA®, FRM®

POSTED BY

Adan is a senior portfolio manager at Ativo. He joined the firm in 2006.  In addition, Adan is our head trader and, as such, has responsibility for all trading activity for the firm. Adan is a member of the CFA Society of Chicago’s Social Advisory Group. He has an undergraduate degree in Psychology from Rice University and an MBA in Finance from Loyola University.  Adan is a CFA® charter holder and Certified FRM®.

Read More


Michael S. Brooks

POSTED BY

Michael is responsible for all institutional business development and client relations for the firm. Prior to joining Ativo in September 2005, he was Assistant Vice President at Bank of Ireland Asset Management and responsible for institutional client service. From 2000 to 2003 he was a Portfolio Analyst at Concord Asset Management and responsible for AIMR Performance and Presentation Standards compliance. From 1990 to 2000 he worked at Northern Trust and held a number of positions within their Large Corporate and Institutional Services division. He is Vice President of the Chicago chapter of the National Association of Securities Professionals (NASP)…

Read More


Ram G. Gandikota

POSTED BY

Ram is a senior portfolio manager at Ativo. He joined the firm in 2005. Ram is also our director of research, working to continuously enhance the firm’s proprietary alpha model. Ram is involved in quantitative modeling, factor research, and overseeing our risk management framework. He holds a master’s degree in Financial Markets from the Illinois Institute of Technology (IIT) and a bachelor’s degree in Computer Science & Engineering from JNTU, India. Ram is on the Board of Advisors of the investment club at IIT’s Stuart School of Business and co-chairs the school’s alumni organization.

Read More