About Us
ANOVA management is a team of professional traders who have joined together to help investors achieve financial independence. We have developed the Efficient Market Portfolio Plus (EMP+) to provide investors with a logical alternative to traditional stock picking methodologies or the often recommended “Buy and Hold” strategy. EMP+ strategies are actively managed to avoid holding asset classes that underperform the S&P 500 Index (S&P). This expected result is portfolios that are less volatile (risky) and generate higher returns than the S&P.
Wayne Penello
Founder President
Wayne Penello is Founder, President and Chief Investment Officer of ANOVA Management, Inc. He has more than 40 years’ experience trading, managing risk and investing. Wayne developed the Performance Risk Management System (US Patent 7,822,670 B2) to provide his corporate clients with a disciplined framework to hedge their commodity price risk. The clients of the consultancy he founded, Risked Revenue Energy Associates, were paid more than $13 billion for their hedge activities. Wayne explains how they achieved these results in the book he coauthored, Risk is an Asset published by ForbesBooks.
Wayne has a Master’s degree in Marine Environmental Sciences from the State University of New York at Stonybrook. He withdrew from their Ph. D., program with only a language requirement to complete, to become a floor trader on the New York Mercantile Exchange (NYMEX). During his almost 10 years as an independent trader, Wayne served the NYMEX as the Ring Chairman for Options Trading and headed both the Settlement and Floor Committees. Wayne left the NYMEX to advise, trade and manage commodity price risk for major firms in the United States and Europe.
Wayne actively supports several community charities, including ARTS for Rural Texas, The Boys and Girls Club of Champion Valley, the Fayette County Community Foundation, The Round Top Festival Institute, and the Turtle Wing Foundation. In his free time, he enjoys golfing with his wife, Leslie, hunting, fishing, and managing cattle on his ranch in Texas.