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Our Management Team

Extensive Experience and Collaboration

Stephen has an extensive career in finance, starting with his tenure at State Street Global Advisors. In 2005, he founded Pelagos Capital, a milestone that marked a significant step in his professional journey. Franklin Templeton took notice of the firm's success and acquired a minority stake in 2010. By 2013, Franklin Templeton decided to exercise their option to purchase the remaining stake, fully integrating Pelagos Capital into their operations. In a strategic move, Stephen re-acquired Pelagos Capital from Franklin Templeton in 2019, once again taking the reins of the company he had founded.

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Stephen P. Burke


Chief Executive Officer

Stephen was recently Managing Director of Franklin Templeton, Executive Vice President of Franklin Alternative Strategies Advisers, LLC, and Member of the Franklin Alternatives Executive Committee. He has over thirty years of investment experience across multiple asset classes. During the last fourteen years, Stephen has overseen the management of alternative strategies, including commodities, managed futures, and global macro. Prior to co-founding Pelagos, Mr. Burke worked at State Street Global Advisors (SSgA) for ten years during which time he was the Senior Global Strategist, Head of Global Strategic Asset Allocation, and Head of Taxable Fixed Income.

Mr. Burke earned a B.S. from the Carroll School of Management at Boston College. 


Brad Roche

Chief Operating Officer

Mr. Roche is a former Executive Director of both UBS Group and Morgan Stanley.

Mr. Roche pioneered the multi-asset sales role with mutual fund Global Asset Allocation clients at UBS and subsequently built a multi-asset sales model at Morgan Stanley. Mr. Roche has extensive experience with Cross-Asset sales and the teams behind these multi-asset solutions (MAS). Mr. Roche has been instrumental in helping clients with product introductions, particularly with U.S. mutual fund groups. He has developed strong relationships with senior MAS executives in global multi-asset organizations.


Mr. Roche earned a M.B.A. from the Columbia Business School (Finance and Accounting) and a B.A. in Economics at Boston College 

Team: Team

Pelagos Advisory Board


Madison(Mat) Gulley

Advisor Board Memeber


Mr. Madison s Gulley (Mat) is a Senior Advisory Board member of Pelagos Capital. Mat’s career was formed through a global lens from the beginning, with a focus on strong leadership, teamwork, best practices, technology and risk.  Mat worked 32 years in the global investment arena with 25 of those years at Franklin Templeton Investments. At Franklin Templeton Mat had numerous roles including building out and managing Global Trading, Global Portfolio Risk and Performance, Global Portfolio Compliance and FT’s $18 billion dollars of Alternative Investment strategies. During this time Mat also oversaw closed-end fund strategy, was co-head of the Corporate VC Strategy, Chaired the 401k Investment committee, was on the global technology oversight committee and sat on numerous other committees and fund boards for the firm. Mat currently participates with colleagues exploring investment ideas, has picked up new sports to add to his activities schedule, spends significant time with his five children and sits on several non-profit boards. Mat Chairs the Board of HOPE South Florida, INC  helping to lead and operate one of the largest providers of housing for homeless families in South Florida.


Mr. Gulley earned his BSBA from the Washington University in St. Louis. He has lived in Edinburgh, Scotland, Nassau, Bahamas and Hong Kong. He has a wife and 5 children and completed 4 Ironman. He is a Chartered Financial Analyst (CFA) charter holder.



William Yun

Advisor Board Memeber




Mr. William (Bill) Yun is a Senior Advisory Board member of Pelagos Capital, and provides an experienced, global perspective and strong executive presence to assist Pelagos Capital in realizing its strategic and growth goals. A long tenured investment management executive, Bill also serves as a Senior Advisor at Fiduciary Trust Company International, a role he stepped into after a 30 year tenure of accelerating growth at Fiduciary Trust and its parent company Franklin Templeton Investments. He has been a member of the Fiduciary Trust Board of Directors since 2000 and presently chairs its Audit Committee. Prior to the sale of Fiduciary Trust to Franklin Templeton, Bill managed global equity portfolios, headed its equity division, and served as its President. While at Franklin Templeton, Bill oversaw its institutional distribution, alternative investments and multi-asset solutions businesses. Mr. Yun is also an Advisory Board member for Zero Infinity Partners, a venture capital fund focusing on infrastructure technology, and Noonum Inc, a fintech developer of knowledge engines for financial indices and portfolio themes.

Mr. Yun earned his MBA from the Tuck School of Business and his BA from Harvard University. He is also a Chartered Financial Analyst (CFA) charter holder.



John P. Hornbostel

Advisor Board Memeber




Leveraging 20+ years in GC-level positions at global asset management firms (and 30+ practicing corporate law), in 2020 John launched an Outsourced General Counsel business to meet an increasing demand for outsourced or fractional legal services.  


John was previously Associate General Counsel at Franklin Templeton Investments where he served as lead corporate counsel for several business units including Franklin Multi-Asset Solutions, Franklin Venture Partners and Fiduciary Trust Company International.  He joined Franklin following its acquisition of K2 Advisors, a hedge fund solutions firm, where he was General Counsel/Senior Managing Director and Corporate Secretary.   Prior to that, John helped build the third party asset management business at AIG and AIG Investments (and later PineBridge Investments), becoming Deputy General Counsel & Global Head of Alternatives Legal, responsible globally for legal and regulatory matters related to Alternatives.  He began his legal career at White & Case in New York (and Prague).


John received his law degree from Fordham University School of Law and a B.A. from Middlebury College, studying abroad in Madrid.  


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