Team
FOUNDER + MANAGING PARTNER
Clarke Nobiletti
Clarke focuses on portfolio management, trading, and risk management. Previously, Clarke was a Founding Partner of Benchmark Securities, a proprietary trading firm specialized in municipal securities, where he spent over a decade as a market maker and proprietary trader. During his tenure he managed a core principal trading book at the firm and led the buildout of a systematic trading desk to automate municipal bond market making. Clarke has over 15 years of experience trading municipal bonds in a variety of roles after receiving an undergraduate degree from Northwestern University.
CTO + HEAD OF INVESTMENT RESEARCH
Arun Balasubramaniam
Arun focuses on building technology for security selection, quantitative trading, and risk management. Previously, Arun oversaw investment management and technology strategy at Charles Schwab. Prior to Schwab, Arun worked on quantitative investing teams at Wellington Management Company and Acadian Asset Management. Arun holds an S.M. in engineering and management from the Massachusetts Institute of Technology (MIT) and a master's degree in Telecommunications Engineering from the University of Melbourne, Australia. He holds an undergraduate degree from Shivaji University, India, and is a CFA charterholder.
SENIOR TRADER
Dan Friel
Dan focuses on portfolio management and trading. He brings over 30 years of municipal bond trading experience as both a market maker and proprietary trader at firms including UBS, First New York, and Stifel. Dan was previously President of the Municipal Bond Club of New York and holds an undergraduate and masters degree from the University of Virginia.
OPERATIONAL PARTNER + SEED INVESTOR
Hazoor Partners
Hazoor Partners is the Seed Investor in Aqueduct Asset Management and provides support to the business functions including operations, accounting, marketing, and business development.