Wayne Penello and Andrew Furman author headshot

Wayne Penello and Andrew Furman

Risked Revenue Energy Associates

Wayne Penello is the president and founder of Risked Revenue Energy Associates (R^2 or “R squared.”) Andrew Furman has thirty-five years of experience in energy and trading. For the past ten years at R^2, he has delivered hedge solutions to senior management of public corporations, private firms, institutions, and utilities. They are the authors of Risk Is An Asset.

For the past ten years at R^2, Andrew Furman has delivered hedge solutions to senior management of public corporations, private firms, institutions, and utilities.


About Wayne Penello and Andrew Furman

Wayne has forty years of market-making, option-trading, and asset management experience in the energy industry. Penello was formerly a research scientist. He holds a master’s degree in marine sciences from Stony Brook University and an undergraduate degree in marine biology from Southampton College.

After serving as a managing director at two hedge funds, he assisted in the growth of R^2 through the deployment of its patented analytics. A risk-management and financial-engineering expert, Furman received a bachelor of science degree in chemical engineering from MIT

Financial success book

Risk Is An Asset

Turning Commodity Price Uncertainty Into A Strategic Advantage

Wayne Penello and Andrew Furman have spent the better part of forty years investigating traditional hedging practices and innovating a better solution. And that innovation put them on a path to invent a groundbreaking approach to hedging. Risk Is an Asset tells the story of that invention, and it will transform…

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October 23 2020

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