Logica Capital Advisers, LLC (“LCA”) is a registered investment adviser founded in 2011 by Wayne Himelsein and his team.
With over 20 years of investment management experience, Mr. Himelsein, a UC Berkeley Alum, serves as Logica’s President and Chief Investment Officer. He began his career in New York City in 1995, as a proprietary trader at the Carlin Financial Group (acquired by RBC Capital Markets). Following his success there, Wayne launched his first hedge fund in 1999, and went on to manage money for private clients and major institutions such as Hyundai Securities and Millenium. Following that, he aggregated a team that has now been working together for over 10 years.
The Logica team as a whole combines specialized expertise accross multiple aspects of portfolio and risk management, research and development and fund operations.
This well establshed and highly synergetic team of individuals has the depth of necessary experience in the capital markets to comprehensively and competently manage a successful investment advisory business. Furthermore, to complement and streamline its in-house capabilities and to comply with the oversight, transparency and independent verification required by regulators and highly desired by all investors, the firm employs several layers of top tier, third-party service providers.
Logica’s Head of Research, Dr. David Taylor, with a Math BS at Massachusetts Institute of Technology (MIT) and Math PhD from Univeristy of California Los Angeles (UCLA), brings further mathematical expertise, as well as oversees Logica’s collaborative efforts established with UCLA's MFE program in sourcing and working with Financial Engineers.
the firm & team
Wayne Himelsein - President and Chief Investment Officer
As a 20+ year veteran of the securities industry, Mr. Himelsein (a UC Berkeley alum), founded Logica Capital Advisers (“Logica”), and currently serves as its President and Chief Investment Officer. In this capacity, he heads the portfolio management team, and is a member of both the investment and risk committees.
Wayne began his career in 1995 as a proprietary trader at the Carlin Financial Group (acquired by RBC Capital Markets). Following his success there, Wayne launched his first hedge fund in 1999, and went on to manage money for private clients and major institutions such as Hyundai Securities and Millennium. In a strategy he later developed in 2005, he ran over 300 mm of private and institutional capital.
Throughout his career, Wayne has continued to develop, evolve and refine his quantitative trading and portfolio management models. Most recently, beginning in 2011, Wayne and his team conducted 4 years of R&D to solve the problems inherent in HF’s quest to produce absolute returns regardless of market regime, which serve as the basis of the Logica Fund.
Wayne is a holder of a FINRA series 65 license and currently resides in Santa Monica, CA.
Michael Green - Partner, Chief Strategist / PM
Michael has been a student of markets and market structure, for nearly 30 years. His proprietary research into the shift from actively managed portfolios and investment funds to systematic passive investment strategies has been presented to the Federal Reserve, the BIS, the IMF and numerous other industry groups and associations.
Michael joined Logica in January 2020 after serving as portfolio manager for Thiel Macro, LLC, an investment firm that manages the personal capital of Peter Thiel. Prior to Thiel, Michael founded Ice Farm Capital, a discretionary global macro hedge fund seeded by Soros Family Management. From 2006-2014, Michael founded and managed the New York office of Canyon Capital Advisors, a $23B multi-strategy hedge fund based in Los Angeles, CA, where he established their global macro strategies, managing in excess of $5B of exposure across equity, credit, FX, commodity and derivative markets.
In addition to his work as a market theorist and portfolio manager, Michael has been noted for his work as a public speaker and financial media participant. He is a graduate of the Wharton School at the University of Pennsylvania and a CFA holder.
Dr. David Wihr Taylor, Ph.D. - Partner, Head of Research
David Wihr Taylor is the Head of Research at Logica Capital Advisers.
In his current position, David oversees the financial modeling and the R&D efforts from the early stages of idea generation and development, through testing to final implementation.
He is a mathematician with wide ranging experience in both the theoretical and applied fields. Furhtermore, David specializes in combining applied and computational methods with highly abstract theories to gain insight into new and historical problems.
Examples of his work include: Applications of simulated annealing to tomographic image reconstruction of the Earth’s magnetosphere from multi-satellite measurements; explicit computation of invariant polynomials for the action of symmetry groups in both geometric and arithmetic settings. This work has applications in both cryptography and computer vision; development of clustering algorithms with variable metric functions. Applications include image recognition and mathematical finance.
David completed his B.S. in mathematics at Massachusetts Institute of Technology and earned his doctorate in mathematics from University of California Los Angeles in 2013. In his spare time, David enjoys playing chess and classical piano.
Dr. Taylor resides in Los Angeles.
Patrick Rentz - Partner, Portfolio Manager
Patrick co-founded Logica Capital Advisers (LCA) and serves as Logica Fund’s head trader and senior quantitative analyst.
He is a member of both the investment and the risk committees. In his capacity, Patrick builds, refines and improves the fund's proprietary models. Additionally, he manages the day-to-day analysis and management of the individual strategies and the portfolio as a whole.
Patrick has years of experience in equity markets, risk management and financial modeling and continuously broadens and cultivates his knowledge base through focused education and research in the field.
Previously, Patrick worked as a quantitative analyst for Himelsein Mandel Fund Management building models for the evaluation of inefficiencies for investment opportunities, valuation of the fund’s assets, creation of discounted cash flow analyses, and implementation of various risk related stress tests utilizing Monte Carlo methods and scenario analyses.
Patrick holds a B.S. in Business Administration from the University of Tennessee-Knoxville. Additionally, he is a FINRA series 65 holder.
Patrick currently resides in Los Angeles.
Edward E. Best, CFA - Portfolio Manager
Mr. Best holds a MSIA (MBA) from Tepper School of Business, Carnegie Mellon University.
In 1993, he joined Barra, now part of MSCI, focusing first on fixed income and then later equities. In 1996, he started up a quantitative research team at AIM Investments, now part of Invesco, growing the team to 6 people. The team researched stock selection models and provided portfolio analytics to the AIM equity PM’s. In 1998, he moved to Trusco Capital Management ($70B AUM), then a subsidiary of Suntrust, now rebranded Silvant Capital Management and is a subsidiary of Virtus Investment Partners. He continued quantitative researching, specifically enhancing stock selection models used to support over $15B in assets. He also worked as a fundamental analyst researching various industries over time including Consumer Staples, Restaurants, Pharmaceuticals, Med Tech, Biotech, Chemicals, and Software.
In 2003, he launched a new structured–fundamental long-only fund that incorporated more advanced stock selection models. He grew the funds from $4.5M seed capital to $425M within 3 ¼ years. The fund was ranked top 4th percentile vs. peers and generated 4% annualized excess returns. In 2007, he moved to Fidelity to manage a structured–fundamental fund. In June 2010, he joined Mathematica Capital Management and launched a structured –fundamental long-short equity market neutral strategy. In June 2016, he founded Best Capital Management and continued his structured –fundamental long-short equity market neutral strategy.
In September 2017, Edward joined Logica Capital Advisers and continued his structured –fundamental long-short equity market neutral strategy.
Edward currently resides in Alpharetta, Georgia.
Ivan Sekeres, MBA - Managing Partner
Ivan co-founded Logica Capital Advisers (LCA), and serves as Managing Partner in charge of Operations.
Ivan has a wide range of responsibilities which include design and development of the corporate infrastructure, implementation of various processes and approaches to meet strategic goals, maintenance and improvement of efficient and effective systems for increasing overall company performance, and general company management.
Predating LCA, Ivan served as Operating Officer for Himelsein Mandel Fund Management (“HMFM”) from 2007 to the end of 2011. Ivan developed operational systems which were widely recognized by industry-leading service providers, earning him high recognition by various corporate partners for his knowledge, foresight, and operational skills.
Ivan holds a Bachelor of Arts in Business from Oxford Brookes University, England, and a Master’s in Business Administration from California State University Long Beach.
Ivan currently resides in Los Angeles.
Steven Greenblatt, MBA - Partner, Head of Business Development
Steven is the Head of Business Development and Investor Relations at Logica Capital Advisers (“LCA”).
As a well-established veteran in the industry, Steven has extensive institutional sales and marketing experience with a variety of Hedge Funds and Investment firms such as Causeway Capital Management, Front Point Partners, First Quadrant, just to mention a few, and he currently oversees LCA’s Business Development initiatives and engages with investors globally.
Steven holds a B.A from the University of South Florida and an MBA from the University of Michigan.
Steven resides in Marina Del Rey.
Stephen Fox, CPA - Controller
Mr. Fox serves as Logica Capital Advisers' (LCA) Controller. In this capacity, he is responsible for developing, overseeing and managing the firm's financial accounting and reporting processes accross the board. Additionally, he is the main internal liaison with all related third-party service providers - i.e. Administrators, Auditors, Accountants and Broker-Dealers.
Prior to joining Logica, Steve held a number of executive level positions, including Chief Financial Officer, Financial & Operations Principal (“FINOP”) and Senior Registered Options Principal (“SROP”), at a number of different financial institutions - including hedge funds and broker-dealers, some of which were specialized and focused primarily on proprietary trading.
Steve graduated magna cum laude from the State University of New York at Albany with a Bachelors of Science in Accounting and in 1992 he became a Certified Public Accountant in the state of New York.
He has held the following regulatory licenses: FINRA series 4, 6, 7, 24, 27, 55 and 63 as well as the NFA series 3.
Steve currently resides in New York City.