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Staffed by investment professionals from both capital markets and private client backgrounds, Athena is able to offer its clients strategies and techniques that are used by the largest and most sophisticated institutional investors, says Lisette Cooper. A substantial component of the firm’s client base are themselves professional investors. “They have sufficient wealth that they can benefit from an RFP process; they can have their own custom portfolios of hedge funds and private equity funds. We have the due diligence capability and the access to those kinds of alternative investments.”
Athena’s focus on risk management served it well during the downturn. When market risk began to increase around July of 2007, the firm started putting on various hedging and de-risking strategies. By March 2008, it had battened down the hatches. "Partnering with our clients, we implemented this in a customized way consistent with each client's comfort level."
2009 Top Wealth Managers Rankings by Average AUM Per Client (PDF)