Former Barron’s columnist Steve Sears, who left the publication in February, has been hired as the chief market strategist for StratiFi Technologies.
Steve Garmhausen of Barron’s writes, “The San Francisco and New York-based startup, whose PRISM Rating technology helps advisors manage portfolio risk and protect assets, just announced a $7 million capital raise, led by Anthemis Group.
“The PRISM Rating technology takes risk management further than most non-institutional investment advisors are used to. Typically, advisors are concerned with correlation risk, but they overlook — or don’t have the capabilities to manage —concentrated holding risk, volatility risk and tail event risk.”
Read more here. He also previously worked at Dow Jones Newswires and The Wall Street Journal.