Northstar Risk Corp, a start-up risk management software company, has appointed Glen Wolyner as COO and President.
“I was attracted by the company’s mission to build the market’s best software solution to help hedge funds better manage risk and understand performance. The two biggest reasons for hedge fund redemptions and failures are poor performance and lack of transparency as it relates to risk,” says Wolyner. “Funds that understand their risk perform better than ones that don’t. With management fees under pressure, investors cannot afford to ignore risk. This is survival of the smartest.”
Wolyner comes to Northstar with decades of experience in financial technology. He was an early sales hire at Bloomberg LP, a co-founder of Flextrade Systems, and a senior manager at Nasdaq. Most recently he has run his own fintech consulting firm.
Michael B Miller, founder and CEO of Northstar, is a bestselling author and recognised expert in the field of risk management. Prior to founding Northstar, Miller was the head of risk management at two of the world’s largest hedge funds. “We know how hedge funds operate in practice and the pain points they experience with legacy risk software systems. We built our system from the ground up to be fast, flexible and easy to use. We are delighted to have someone with Glen’s extensive background join Northstar during this time of tremendous growth as we continue our global expansion.”