Considered by many of his peers to be one of the very best Japanese Yen traders in the World, Enrico brings with him over a decade of experience from major financial institutions around the globe. After graduating from the University of Southern California, Los Angeles in 1988 with a Bachelor’s Degree in Business Administration and International Finance, Enrico joined the First Interstate Bank of California (F.I.B.), Los Angeles- the leading foreign exchange bank in North America at that time. While at First Interstate Bank, he had the opportunity to learn the art of foreign currency trading from some of the most respected traders in the field. After years of hard work and diligent study, Mr. Caruso established himself as the top Japanese Yen trader in the firm.

 When First Interstate Bank was acquired by Standard Chartered Bank in 1993, Enrico was moved to New York City to help establish them as a first tier bank in Japanese Yen trading. With his confident trading style and knowledge of the markets he was able to manage numerous funds and large customer accounts with a high level of profitability. Based on his impressive reputation in the foreign exchange community, Mr. Caruso was recruited by Banque IndoSuez and Banque Paribas to become their chief Yen dealer. After three years of successful trading, he left to establish an Asian block currency desk for Dresdner Klienwort Benson.

 During his fourteen-year tenure in the foreign exchange markets, Enrico has developed a very specialized understanding of the Japanese Yen as well as an extensive network of contacts from leading banks and financial institutions. The primary objective in his consistently profitable trading style is to minimize draw downs by entering steeply trending markets with predetermined risk levels, and to lock in profits by tightening his stop loss orders as the market moves in his direction. Mr. Caruso has managed money for billion dollar hedge funds, assisted central banks in currency intervention campaigns, and designed profitable trading models and front-end dealing systems for major financial institutions around the world. Enrico has an impeccable reputation and is often quoted in many of today’s most respected financial journals, including the New York Times, Foreign Exchange Weekly, Reuters News, and Bridge News.

 Mr. Caruso has worked closely with Chris Melendez over the past few years, and has become one of the most integral parts of the Tempest trading team. His ability to understand in-depth fundamental analysis and his sharp attention to detail provide Tempest investor’s with an edge in the international marketplace. Tempest Asset Management is proud to have Enrico Caruso as our senior currency dealer and resident Japanese Yen specialist.