Jonathan S. Spencer

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

Executive Vice President
Chief Operating Officer & Chief Risk Officer

Douglas J. Hepworth serves as Gresham's Chief Operating Officer & Chief Risk Officer and is an Executive Vice President of the firm. Mr. Hepworth has worked for Gresham for more than 20 years in roles including Portfolio Manager and Director of Research through which he has acquired deep knowledge of our asset class and of Gresham's business. His 35 plus years of Wall Street experience includes the management of multi-billion dollar commodity futures portfolios, the design and implementation of quantitative futures and options strategies, and the organization and supervision of floor and upstairs trading operations. In support of the industry, he served on the CFTC's Global Markets Advisory Committee. Mr. Hepworth received a B.A. in Economics from Columbia University in 1982 and holds the Chartered Financial Analyst (CFA) designation.

Adam I. Gehrie

Executive Vice President
General Counsel

Adam I. Gehrie has been General Counsel of Gresham since February 2014 and is an Executive Vice President of the firm. 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. From February 2014 through June 2019, Mr. Gehrie served as Gresham’s Chief Compliance Officer.

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.



For additional information on how to invest in one of our strategies, please contact Gresham at +1 212-984-1430, or email us at

Gresham Investment Management LLC

257 Park Avenue South, 7th floor

New York, NY 10010