Managing Director, Head of Equities
Dr. Tessitore has 30 years of investment experience and currently heads the Equities Team at Gramercy Funds Management where he is also on the Management Committee.
e is the co-founder and a long-time user of the Global Optimization Strategy.
ince 1997, he
has actively managed various GOS products with a successful track record.
At Gramercy, he
manages equity portfolios for an international clientele consisting of large private and institutional investors.
is also active in the Investment and Asset allocation Committees at Gramercy.
Prior to joining Gramercy in 2005, Dr. Tessitore was a Fund Manager at City of London Quantitative Management Group for five years where he managed portfolios for Chilean Pension Funds using closed-end funds.
uring 1995-2000, he was the Associate director of Research under Harry Markowitz, 1990 Nobel Prize winner in Economics, at Daiwa Securities and Trust Company.
Dr. Tessitore was a member of the Graduate Faculty in Finance at Rutgers University before he started to work for Daiwa.
Since early 1990s, Dr. Tessitore
has given numerous conference presentations on theory and practice of portfolio management.
e has many years of experience in closed-end funds and has published articles on that industry as well as other finance issues in journals such as Mathematical Finance
, Financial Analysts Journal
, Journal of Investing and Global Finance Journal
Dr. Tessitore holds a PhD in Finance from Baruch College and Graduate Center at City University of New York.
e received his
B.Sc. in Physics from Stony Brook, SUNY.