Howard Cheng Takes Leadership Role at Carrick Lane as Partner and Head of Risk

Howard Cheng Takes Leadership Role at Carrick Lane

In a notable development in the financial sector, Carrick Lane LLC has announced the appointment of Howard Cheng as a Partner and Head of Risk. Specializing in option solutions for ultra-high net worth families, family offices, and institutional clients, Carrick Lane continues its commitment to providing exemplary investment services. This announcement, made on September 10, 2025, positions Cheng at the helm of the company's risk management functions, a crucial role for the firm's future trajectory.

Howard Cheng arrives at Carrick Lane with over 15 years of substantial experience in risk management. Before joining Carrick Lane, Cheng was the Director of Macro Risk at Balyasny Asset Management. In that role, he was responsible for overseeing all macro strategies, which included equity derivatives. Cheng's deep understanding of risk functions will be instrumental as Carrick Lane pursues its objectives of expanding its service offerings and maintaining compliance with global standards.

Allan Kennedy, Managing Partner at Carrick Lane, expressed his enthusiasm regarding Cheng’s appointment, commenting on his extensive skill set in risk management and derivatives. Kennedy emphasized that appointing top talent like Cheng reflects the firm’s dedication to meeting the increasingly complex needs of clients and business partners. With a focus on innovative investment solutions, Cheng's contributions are expected to drive Carrick Lane's growth and reputation.

Cheng himself expressed excitement about joining Carrick Lane, stating that he was impressed by the firm's drive to create innovative investment solutions and deliver outstanding client service. He has observed the company's significant growth led by seasoned professionals such as Allan Kennedy and Ken Kwalik. Cheng's vision, coupled with his expertise in risk strategies, aligns perfectly with Carrick Lane’s mission.

Prior to his tenure at Balyasny, Cheng held prominent positions such as Chief Risk Officer at Phillimore Investments and Director of Macro Risk at Barclays. His multifaceted experience is bolstered by his roles as a multi-asset class volatility portfolio manager and Chief Compliance Officer at various hedge funds. This vast background equips him with a unique perspective on the investment landscape, further enriching Carrick Lane’s capabilities.

Howard Cheng graduated with a Bachelor of Science degree in Engineering in Computer Science from the University of Pennsylvania, indicating a solid foundation in analytical skills vital for risk assessment and management in the financial sector.

Carrick Lane is recognized as an independent investment manager specializing in delivering volatility-based solutions through actively managed options strategies. The firm currently manages over $2.5 billion across more than 700 client accounts, which encompass ultra-high net worth individuals, family offices, and institutional clients. Carrick Lane prides itself on a service model that emphasizes education, transparency, and employing cutting-edge technology to provide adaptable investment solutions.

As Cheng steps into his new role, both clients and industry watchers are optimistic about the strategic initiatives he will spearhead at Carrick Lane. The focus will be to not only uphold the firm’s esteemed reputation but also to identify and seize new opportunities within the evolving market landscape. With his proven track record in risk management and derivatives, Cheng is expected to leverage his expertise to navigate the complexities of the financial environment effectively.

For more information about Carrick Lane and its offerings, visit Carrick Lane or their LinkedIn page.

It's evident that with Howard Cheng's leadership, Carrick Lane is poised for continued success and growth in a competitive investment landscape.