Scroll Down

Pecora Capital  is a global investment management firm. Our aim is to provide superior risk-adjusted returns by investing across a broad and expanding range of asset classes. We seek long-term capital appreciation, unlock value and propel growth during all types of economic conditions. Further we target absolute returns with moderate volatility, and low correlation to traditional asset classes.

Independence and Integrity

At Pecora, the principle of independence and integrity in our research is paramount. Analyzing global markets with discipline and focus, we employ a diverse range of strategies in an effort to bring capital to its fullest potential and deliver consistent investment returns to our clients. We do this by working harder, seeing farther, and by empowering the world’s most talented minds with the tools and culture they need to achieve peak performance.

We are an owner-run company that is not subject to the constraints of a corporation or a bank. In other words our independence enables us to implement our ideas consistently and to help our clients’ capital fulfill its greatest potential across a diverse range of investment strategies and markets.


The story behind

our company name

Pecora Capital’s namesake is Ferdinand Pecora, a Sicilian immigrant to New York who overcame enormous odds to become one of the most important regulators in financial history.  The Pecora Commission led to extensive regulatory reforms in the aftermath of the Great Depression promoting a secure and competitive financial sector.


Ferdinand Pecora (January 6, 1882 – December 7, 1971) was an American lawyer and judge who became famous in the 1930s as Chief Counsel to the United States Senate Committee on Banking and Currency during its investigation of Wall Street banking and stock brokerage practices.Ferdinand Pecora was appointed Chief Counsel to the U.S. Senate's Committee on Banking and Currency in January 1933, the last months of the Herbert Hoover presidency.  The Senate committee hearings that Pecora led probed the causes of the Wall Street Crash of 1929 that launched a major reform of the American financial system.Pecora's investigation unearthed evidence of irregular practices in the financial markets that benefited the rich at the expense of ordinary investors, including exposure of Morgan’s “preferred list” by which the bank’s influential friends (including Calvin Coolidge, the former president, and Owen J. Roberts, a justice of Supreme Court of the United States) participated in stock offerings at steeply discounted rates. He also revealed that National City sold off bad loans to Latin American countries by packing them into securities and selling them to unsuspecting investors, that Wiggin had shorted Chase shares during the crash, profiting from falling prices, and that Mitchell and top officers at National City had received $2.4 million in interest-free loans from the bank’s coffers.Spurred by these revelations, the United States Congress enacted the Glass–Steagall Act, the Securities Act of 1933 and the Securities Exchange Act of 1934. With the United States in the grips of the Great Depression, Pecora's investigations highlighted the contrast between the lives of millions of Americans in abject poverty and the lives of such financiers as J.P. Morgan, Jr.; under Pecora's questioning, Morgan and many of his partners admitted that they had paid no income tax in 1931 and 1932; they explained their failure to pay taxes by reference to their losses in the stock market's decline.After Pecora closed his investigations, on July 2, 1934, President Roosevelt appointed Ferdinand Pecora a Commissioner of the newly formed U.S. Securities and Exchange Commission (SEC).

meet our

Our Executive Team

Aaron  L  Smith

Managing Director

Aaron Smith is the founder & managing director of Pecora Capital.  He oversees the company’s global business strategy and research activities for the development of proprietary trading technologies.  Aaron maintains the series 3 license in the United States and is a member in good standing of the National Futures Association.  Mr Smith holds a degree in finance and international business from the Leonard N. School of Business at New York University.  He began his career on Wall Street working in the Private Client Group at Morgan Stanley’s 2 World Trade Center offices. 

Prior to founding Pecora Capital, Aaron served as managing director at the Superfund group of companies from 2002 to 2011. During his time with the group, he was responsible for front office activities, including the development and sales of various alternative investment fund structures for institutional and private investors. In 2002, he pioneered one of the first publicly offered managed futures funds in the United States, which was registered with the SEC. In addition to serving as the associated person in the United States regulated Superfund entities, he was the responsible officer for Types 1 and 4 regulated activities under the Securities and Futures Ordinance for Superfund Financial (Hong Kong) Ltd. He also became a licensed financial advisor in Singapore in 2008 and ran the Asian arm of the  business, carrying on the duties of Chief Executive Officer of Superfund Financial (Singapore) Pte Ltd. 

Aaron is a member of the International Protestant Church of Zurich, where he is blessed to teach Sunday school.

Thomas Kleber

global head of equities

Thomas is directly responsible for the value investment strategy of Pecora Capital. Prior to joining Pecora, Thomas worked for the management consulting firm Deloitte & Touche in Zurich and served global investment and private banks. Thomas is a graduate of the University of Erlangen Nuremberg. He has twelve years of experience in financial markets and over eight years of experience in developing and structuring investment portfolios for private investors and family offices. Thomas maintains the Series 3 license in the United States and is a member of the National Futures Associaten (NFA). Further, Thomas is an avid tennis player and aviation enthusiast.

Jeffrey Harpur

Head of risk

Jeff is a qualified Chartered Accountant (S.A.), having completed his articles with PricewaterhouseCoopers in South Africa in 2008.  Jeff then entered the international financial services industry, working with Acumen Group as a consultant in the Reinsurance industry in Bermuda.  He moved to Switzerland in 2012, continuing his consulting career with Ernst & Young in Zurich and specialising in the banking and insurance sector, working with some of the largest international banks, insurers and reinsurers. Jeff earned his Bachelor of Commerce (Honours) from the University of Natal, and is an avid surfer, skier and mountaineer.

AT a glance



Strict adherence to a well-defined, and time-tested investment approach without style drift


Our goal is to forge long-term relationships with our clients built upon trust. As strategic partner we are providing ongoing knowledge transfer and tailored client services to meet their distinct needs


Alongside our clients, we view managing risk as a strategic priority


Intelligent and responsive hedging of current market and political events, market periods, business- and scenario specific


Assets are tactically allocated based on the analysis that identify investment opportunities


Concentrate capital and research on highest conviction investment ideas

Our Clients at the Center

Diverse Strategies for a Range of Market Opportunities

Ideas are not enough in the pursuit of successful investments. Our team members share the commitment to pursuing superior returns, applying their talents to fundamental research and analysis to bring their insights to market. Guided by these imperatives, we move swiftly and deliberately to capitalize on opportunities having the greatest potential. Within a broad range of investment strategies, the company’s investment objective is to preserve capital and to seek maximum, long-term capital appreciation commensurate with reasonable risk.

Other than the investment strategies our clients are at the center of everything we do. They are global, with complex challenges that require deep investment expertise and dedicated client service to help them achieve their unique investment goals.

View our media


we work with great


Interactive Brokers is a U.S.-based brokerage firm, the largest brokerage firm by number of daily average revenue trades. It also is the leading forex broker. The company is headquartered in Greenwich, Connecticut and has offices in Chicago, Hong Kong, Shanghai, Sydney, and Zug.  Interactive Brokers was rated Best Online Broker for the fourth consecutive year by Barron's 2015.

enquire about an open

Career opportunity

We love to work with good people!  We are actively looking to develop human capital in trading, investment research, system development, back office and distribution.  Kindly send your CV for consideration if you have experience in trading, programming, operations or marketing.

get in touch



Please feel free to contact us,  we would gladly assist you in whatever way we can.

email us