Howard Cheng Joins Carrick Lane as Partner and Head of Risk
NEW YORK — September 10, 2025 — 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. Cheng will oversee all risk functions and will play an important role in the continued growth and expansion of Carrick Lane's offerings.
For the past 15 years, Cheng 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'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."
Cheng expressed enthusiasm about joining the firm. "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," said Cheng.
Prior to Balyasny, Cheng held positions as Chief Risk Officer at Phillimore Investments and Director of Macro Risk at Barclays. In addition to his risk management roles, he 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 delivers volatility-based solutions through actively managed options strategies. The employee-owned firm manages more than $3 billion for ultra-high-net-worth investors, family offices and institutional advisors. The team’s deep experience and ability to simplify complex markets allow investors to proactively adapt in an evolving market.