Firm taps seasoned risk management professional to oversee risk functions
NEW YORK, Sept. 10, 2025 /PRNewswire/ — Carrick Lane LLC, an investment manager specializing in option solutions for ultra-high net worth families, family offices and institutional clients, is delighted to welcome Howard Cheng to the firm as a Partner and Head of Risk in New York, NY. Howard will oversee all risk functions and will play an important role in the continued growth and expansion of Carrick Lane’s offerings.
Allan Kennedy, Managing Partner at Carrick Lane, stated, “Howard’s extensive experience in risk management, as well as his expertise in derivatives, make him an invaluable addition to our firm. His appointment underscores our commitment to investing in top talent to address the complex needs of our clients and business partners.”
For the past 15 years, Howard has held senior risk management roles, most recently as a Director of Macro Risk at Balyasny Asset Management, where he covered all macro strategies, including equity derivatives.
Howard is thrilled to be joining the Carrick Lane team. “I have been very impressed by the firm’s commitment to creating innovative investment solutions and delivering outstanding client service. I have observed the substantial growth under the leadership of Allan Kennedy and Ken Kwalik and am excited to work with them and the entire Carrick Lane team.”
Prior to Balyasny, Howard held positions as Chief Risk Officer at Phillimore Investments and Director of Macro Risk at Barclays. In addition to his risk management roles, Howard has served as a multi-asset class volatility portfolio manager and Chief Compliance Officer at multiple hedge funds. He graduated with a BS in Engineering in Computer Science from the University of Pennsylvania.
About Carrick Lane
Carrick Lane is an investment manager and advisory firm that specializes in delivering volatility-based solutions through actively managed options strategies. Fully independent and employee-owned Carrick Lane today has over $2.5 billion in client mandates servicing more than 700 ultra-high net worth, family office and institutional client accounts. Combining the experience and expertise of the team, with a service model that emphasizes education, transparency and best-in-class technology, Carrick Lane partners with clients, investment advisors and investment platforms to seek to offer versatile and adaptable solutions.
For more information,
visit https://www.carricklane.com/ | linkedin.com/company/carricklanellc/
Media Contact
Allan Kennedy, Managing Partner
[email protected]
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SOURCE Carrick Lane
