Huntington Beach, CA (PRWEB) January 31, 2009
Investment firm Delta Global Advisors, Inc. announced today the promotion of Michael Pento to the position of Chief Economist. A broadly-published economic theorist and specialist in the Austrian school of economics, Mr. Pento will continue to provide thoughtful, unique arguments about the direction of our global economy.
"Michael has clearly shown himself to be one of the finest minds in the business," said the president of Delta Global, Chip Hanlon. "While Michael is currently pessimistic about our economy's long-term trajectory, he has shown that he is no stopped clock, as he did most notably last Autumn when he declared that he thought a bottom was in for the stock market. He has also proved to be a great sounding board and confidant, regardless of whether his economic conclusions match my own at any particular time; a variety of thoughtful viewpoints are not just welcomed, but crucial to the success of our firm. Michael's insights will now more directly help chart our course."
Regarding Pento's history with Delta Global, Hanlon went on to say, "When he joined us three years ago, I said, 'I am intimately familiar with his writings and have no doubt that he will become an immediate success on the larger stage that we provide,' and indeed he has. In addition to his thoughtful market insights, I'm sure his pleasant demeanor has had something to do with that, as I know many members of the media truly enjoy their interactions with him. He's a consummate pro."
In discussing the new role at Delta Global, Pento said, "I'm flattered by and excited about this opportunity. We have a number of big initiatives in the works for 2009, and I'm looking forward to helping to implement them as well as continuing to participate in our ongoing global equity research."
A 17-year industry veteran whose career began on the floor of the New York Stock Exchange, Michael Pento recently served as a Vice President of Investments for GunnAllen Financial. Previously, he managed individual portfolios as a Vice President for First Montauk Securities, where he focused on options management and advanced yield-enhancing strategies to increase portfolio returns. He is also a senior contributor to http://www.greenfaucet.com.
About Delta Global:
Delta Global Advisors, Inc. is an SEC-registered investment advisor focused on global stock markets. Due to the firm's extensive travel and research into international markets and equities, Delta Global serves as manager, consultant or index provider on than $1 billion in assets.