Jonathan S. Spencer

President \ Chief Investment Officer

Mr. Spencer, the President and CIO of Gresham Investment Management LLC, is responsible for the day-to-day investment and operational activities of Gresham. Mr. Spencer received a B.S. degree in Management Information Systems from the State University of New York at Buffalo.  He is a member of the Family Office Exchange and the New York Society of Security Analysts.  Mr. Spencer authored a chapter on asset allocation in the book, “Wealthy And Wise”, entitled “Balancing Act – The Art of Asset Allocation.”

Douglas J. Hepworth, CFA

Executive Vice President

Mr. Hepworth is an independent account controller for Gresham Investment Management LLC’s TSM trading group. He has worked for Gresham for 16 of the past 21 years. His 26 years of Wall Street experience includes running an options market-making operation on the floors of the New York Cotton Exchange and the Coffee, Sugar, and Cocoa Exchange, convertible bond research, option financial analysis, quantitative research, and real estate investments.

Mr. Hepworth received a B.A. in Economics from Columbia University in 1982 and holds the Chartered Financial Analyst (CFA) designation.  A member of the Association for Investment Management and Research and the New York Society of Securities Analysts, Mr. Hepworth has lectured on derivative securities and risk management.

Alexander Gansch

Managing Director

Mr. Gansch is Managing Director for Gresham Investment Management LLC.  He began his career in his native Switzerland in 1987 with Paul Reinhart AG, one of the world’s largest privately held soft commodity merchants, working within the firm’s offices in Europe, the Far East, Central Asia, and the US before being named President & Managing Director of the Group’s US headquarters in New York in 1997.  He was also Chief Operating Officer of Balmac International, Inc., an affiliate of Balfour Maclaine, a NYSE publicly listed commodity trading firm, before joining Gresham in January 2006.

Mr. Gansch holds a Masters degree in International Trade Law from the University of Hamburg and the School for Foreign Trade in Bremen, Germany.

Dr. Reinhold W. Gebert

Chief Operations Officer & Chief Risk Officer

Dr. Gebert oversees Gresham’s operations and risk management functions and is a member of the Gresham Executive Committee. Prior to joining Gresham in 2012, he served as Executive Vice President and Chief Administrative Officer (CAO) of ContourGlobal, a global independent power producer. Prior to ContourGlobal, Dr. Gebert was a Managing Director and the CAO of Barclays Wealth Americas and Lehman Brothers Private Investment Management. Prior to Lehman Brothers, he worked as an Engagement Manager in the Financial Institutions practice at McKinsey & Company, where he advised senior executives in the asset management and brokerage industry on strategy, business development, product design, pricing, and profitability. Before his transition into the business world, Dr. Gebert conducted research in theoretical high energy physics at the Institute for Advanced Study in Princeton, focusing on mathematical aspects of string theory.

Dr. Gebert received an M.Sc. in Mathematics with distinction from the University of London and a Doctorate in Theoretical Physics from Hamburg University in Germany.

Adam I. Gehrie

General Counsel & Chief Compliance Officer

Adam I. Gehrie has been General Counsel & Chief Compliance Officer of Gresham since February 2014 and is a member of Gresham’s Executive Committee. Mr. Gehrie is also a member of the board of directors of each private fund managed by Gresham that is domiciled in the Cayman Islands.

Prior to joining Gresham, Mr. Gehrie was a senior member of the Legal & Compliance department at Eton Park Capital Management, L.P. where his role included managing Eton Park’s registrations with the SEC and the CFTC and contributing to new product development. Prior to Eton Park, Mr. Gehrie was an attorney in the private funds groups of Dechert LLP and Orrick, Herrington & Sutcliffe LLP where he counseled investment advisers on fund formation, management company organization and compliance matters and also represented investors in private funds.

Mr. Gehrie holds a B.A. from Amherst College where he was elected to Phi Beta Kappa and a J.D. from Georgetown University Law Center where he served as an editor of the Georgetown Law Journal.

from NUVEEN INVESTMENTS
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