In 1987, Zem Sternberg, a 21-year old graduate student at The University of Chicago, started trading index options using a rudimentary Apple computer and statistical techniques derived from his coursework. From this modest beginning, Zem caught the attention of options trading pioneer Blair Hull. It was while working with the Hull Trading team that Zem experienced first-hand the difficult events of the ‘87 crash and the importance of staying disciplined.
Zem later joined Salomon Brothers in the 1990s and built their equity derivatives business into a global power house while becoming one of the youngest Managing Directors in firm history. His relentless focus on recruiting and retaining the best talent coupled with applying the latest technology has kept him on the forefront of the industry. As the index options industry evolved, Zem adapted through his experience in the pits in Chicago, to Salomon, to his privately held international market-making partnership, to most recently Lake Hill where he continues to trade index options with automated technology.
Zem founded Lake Hill Capital Management, LLC in 2005 and has since served as the firm’s Chief Executive Officer. Lake Hill manages funds for some of the worlds most distinguished foundations, endowments, institutions and Forbes list individuals.
Today Lake Hill is recognized as one of the most respected and successful index options trading firms with a long and distinguished track record of success.
Kevin Beauregard is Chief Compliance Officer at Lake Hill. He has over 35 years of experience in financial services working with a wide variety of buy-side and sell-side organizations. Previously, Kevin founded Get The Net, LLC (“GTN”), a compliance and operational risk advisory firm servicing financial and technology clients. Kevin was a Managing Director & Global Business Manager of Bank of America’s highly successful Equity Financial Products Unit where he was responsible for building the infrastructure for cash equities, prime brokerage, equity capital markets and equity derivatives. Kevin has also held various senior management positions at Salomon Brothers supporting equities, equity derivatives, fixed income and foreign exchange operations. He began his finance career at Dean Witter Reynolds in the Operations Division. Kevin graduated from Albion College with a degree in Economics and Management.
Mr. DeFeo is a Senior Portfolio Manager at Lake Hill. Before joining Lake Hill, Mr. DeFeo was a Senior Portfolio Manager at Goldman Sachs where he focused on Alternative Risk Premia and Volatility Strategies. He was also the Head Trader and Portfolio Manager within the Alternative Beta Strategies group at Credit Suisse. Previously, he was a Research Analyst for manager selection in the fund of hedge fund group at Bank of America. Alex has been a guest lecturer at the London School of Economics as well as an instructor at UC Berkeley. Some of his previous research has been funded by the US Army, Department of Defense, and the National Science Foundation. He earned a M.S. in Mechanical Engineering from the University of California, Berkeley and a B.S. in Mechanical Engineering from the Massachusetts Institute of Technology.
Joe Elmlinger is Head of Client Solutions at Lake Hill. For over thirty years, Joe has been a pioneer in derivatives sales and is recognized as a leader in equity derivatives, structured products, and customized financial engineering for clients. Previously Mr. Elmlinger was Head of Sales for Equities & Derivatives at Société Générale. Mr. Elmlinger spent the majority of his career at Citigroup and its predecessor, Salomon Brothers, as Global Head of Equity Derivatives. He has also held senior roles at Bankers Trust Company, Merrill Lynch, the Board of Directors of ISDA and The Options Clearing Corporation. He has a B.A. from the University of Vermont and an M.B.A. from Stanford University.
Related team members focus on technology infrastructure, programming, operations, legal, compliance, business development, and investor relations.