• 33+ years in financial markets

  • Founded two hedge funds focused on volatility arbitrage

  • Served as CEO at an institutional brokerage firm

  • Advised trading firms on business formation and product creation

Ronald A. Santella
Founder, CEO & CIO
Eric Latin
Chief Operating Officer

Equable Shares mutual funds are managed by Teramo Advisors, an investment firm specializing in defensive strategies



Full Bio

  • 14+ years in financial markets

  • Managed hedge fund portfolios for institutional investors

  • Specialization in risk management and incorporating alternative strategies into traditional portfolios

Full Bio

  • 15+ years of investment and compliance experience

  • Designed and managed compliance programs for investment firms

  • Experience with SEC and regulatory examinations

Alyssa Garie
Chief Compliance Officer
Cipperman Compliance Services
  • 20+ years of sales and marketing experience

  • Experience across major asset classes in both traditional and alternative strategies

  • Expertise with a wide range of investment vehicles

Steven Mazzuchelli
Managing Director Sales

Ronald A. Santella

Founder, CEO & Chief Investment Officer

Mr. Santella founded Equable Shares and currently serves as CEO and CIO. He has over thirty years of experience managing equity, option and volatility strategies across many market cycles and environments.


Ron started his career in 1985 at O’Connor and Associates in Chicago as a listed options trader. Following a one year stint at O’Connor, he joined Grace Brothers as the head trader and portfolio manager for arbitrage strategies. In 1990, Mr. Santella founded and managed a hedge fund primarily focused on convertible bond and volatility arbitrage strategies.


After a successful tenure of managing a series of hedge funds over the next 15 years, Mr. Santella established a family office in 2005 to invest his own capital, along with a limited number of partners’ capital, in alternative investment strategies.


In 2008, Mr. Santella took the helm as CEO of Fox River Execution, an institutional brokerage firm, based in Geneva, Illinois.   Under his leadership, Fox River aggressively grew its customer base, revenues and profit over a 2-year period, which resulted in the ultimate sale of the firm to SunGard in July of 2010.


Since leaving SunGard in 2011, Mr. Santella has consulted with Woori Bank of Korea, SkyBridge Capital and ED&F Man Capital Markets to provide solutions and create products in alternatives, mutual funds and execution services for UIT sponsors.

Ron earned a Bachelor of Science in Economics from Wharton Business School.