Andrew W. Lo is the Charles E. and Susan T. Harris Professor, a Professor of Finance, and the Director of the Laboratory for Financial Engineering at the MIT Sloan School of Management.
Prior to MIT Sloan, he taught at the University of Pennsylvania Wharton School as the W.P. Carey Assistant Professor of Finance from 1984 to 1987, and as the W.P. Carey Associate Professor of Finance from 1987 to 1988. His research interests include the empirical validation and implementation of financial asset pricing models; the pricing of options and other derivative securities; financial engineering and risk management; trading technology and market microstructure; statistics, econometrics, and stochastic processes; computer algorithms and numerical methods; financial visualization; nonlinear models of stock and bond returns; hedge-fund risk and return dynamics and risk transparency; and, most recently, evolutionary and neurobiological models of individual risk preferences and financial markets.
Lo has published numerous articles in finance and economics journals. He is a coauthor of The Econometrics of Financial Markets, A Non-Random Walk Down Wall Street, The Heretics of Finance, and The Evolution of Technical Analysis, and is the author of Hedge Funds: An Analytic Perspective. Lo is currently an associate editor of the Financial Analysts Journal, the Journal of Portfolio Management, the Journal of Computational Finance, and Quantitative Finance, and is a coeditor of Annual Review of Financial Economics.
His awards include the Alfred P. Sloan Foundation Fellowship, the Paul A. Samuelson Award, the American Association for Individual Investors Award, the Graham and Dodd Award, the 2001 IAFE-SunGard Financial Engineer of the Year Award, a Guggenheim Fellowship, the CFA Institute’s James R. Vertin Award, and awards for teaching excellence from both the Wharton School of the University of Pennsylvania and MIT Sloan. A former governor of the Boston Stock Exchange, he is currently a Research Associate of the National Bureau of Economic Research and a member of the OFR Financial Research Advisory Committee, the New York Federal Reserve Board’s Financial Advisory Roundtable, FINRA’s Economic Advisory Committee, the Consortium for Systemic Risk Analytics Academic Advisory Board, the Board on Mathematical Sciences and Their Applications, and Beth Israel Deaconess Medical Center’s Board of Overseers. He is founder and chief scientific officer of AlphaSimplex Group, LLC, a quantitative investment management company based in Cambridge, Massachusetts.
Massachusetts Institute of Technology
Sanjiv R. Das
Sanjiv Das is the William and Janice Terry Professor of Finance at Santa Clara University's Leavey School of Business. He previously held faculty appointments as Associate Professor at Harvard Business School and UC Berkeley. He holds post-graduate degrees in Finance (M.Phil and Ph.D. from New York University), Computer Science (M.S. from UC Berkeley), an MBA from the Indian Institute of Management, Ahmedabad, B.Com in Accounting and Economics (University of Bombay, Sydenham College), and is also a qualified Cost and Works Accountant. He is a senior editor of The Journal of Investment Management, co-editor of The Journal of Derivatives and The Journal of Financial Services Research, and Associate Editor of other academic journals. Prior to being an academic, he worked in the derivatives business in the Asia-Pacific region as a Vice-President at Citibank. His current research interests include: the modeling of default risk, machine learning, social networks, derivatives pricing models, portfolio theory, and venture capital. He has published over eighty articles in academic journals, and has won numerous awards for research and teaching. His recent book "Derivatives: Principles and Practice" was published in May 2010. He currently also serves as a Senior Fellow at the FDIC Center for Financial Research.
Santa Clara University
John Ameriks, Ph.D., is a principal and head of the Active Equity Group within Vanguard Equity Investment Group. He oversees the portfolio management team that serves as investment advisor to Vanguard Strategic Equity Fund and Vanguard Strategic Small-Cap Equity Fund. The team also manages portions of 10 other Vanguard stock funds.
Mr. Ameriks previously served as head of Vanguard Investment Counseling & Research group, which, in conjunction with Vanguard Investment Strategy Group, develops the firm's advice methodology and conducts investment research. Mr. Ameriks' research has been published in The Journal of Finance, The American Economic Review, The Quarterly Journal of Economics, The Review of Economics and Statistics, and the Journal of Financial Planning. He is coeditor, with Olivia Mitchell of the Wharton School of the University of Pennsylvania, of Recalibrating Retirement Spending and Saving (Oxford University Press).
His current research interests include quantitative equity investment strategies, behavioral economics, issues in retirement finance, and solutions-oriented single-fund investments. Before joining Vanguard in 2003, Mr. Ameriks was a senior research fellow at the TIAA-CREF Institute. Mr. Ameriks received an A.B. from Stanford University and his M.A., M.Phil., and Ph.D. in economics from Columbia University.
Vanguard Equity Investment Group
Jeremy is currently an Advisor to Random Forest a financial technology firm that applies advanced data science to investment management. Previously, he was Global CEO and Global CIO of Rosenberg Equities responsible for overseeing and implementing Rosenberg’s global strategy. He is also a member of the AXA Rosenberg Group Board and the AXA Investment Managers Management Board and Executive Committee. He joined the company in 2010. Prior to joining Rosenberg Equities, Jeremy was senior vice president and head of active equity management for The Northern Trust Company. During his 22-year tenure at Northern Trust, he was responsible for the global passive business, as well as building the research and investment infrastructure for risk-taking value-added quantitative equity strategies. Jeremy left Northern Trust for a brief period to help develop the Equity Derivatives Group at First Union Securities, rejoining Northern Trust in 2000 as director of structured equity, quantitative management. Jeremy obtained an MBA in finance and marketing from the J.L. Kellogg Graduate School of Management at Northwestern University and a BA degree from Wesleyan University. He is a CFA charterholder and a member of the Investment Analysts Society of San Francisco, Chicago Analyst Society, Chicago Quantitative Alliance and the CFA Institute.
STEPHEN A. “TONY” BATMAN, CPA, CFA, CFP
Chairman and CEO
Stephen A. "Tony" Batman is a visionary entrepreneur whose accomplishments have profoundly impacted the accounting and financial services professions. The AICPA has identified Tony as a "trail blazer" for his vision and entrepreneurial spirit concerning the future of the accounting profession. For 14 years in a row¬ - 1996 through 2010 - he was voted as one of the most influential accountants in America by Accounting Today magazine. In 2005 and 2006, he was also named by Investment Advisor magazine as one of the most influential people in the financial services industry. A true leader in the industry, Tony has established a successful financial services business development and resource partner to leading wealth management firms and is a frequent speaker to professional groups on a variety of financial services topics.
Tony is chairman, chief executive officer and co-founder of 1st Global, a diversified financial services firm that is the business development and resource partner to leading tax, accounting and law firms. 1st Global works with these firms to provide comprehensive wealth management services to emerging affluent and affluent families, businesses, foundations, and other institutions. Through 1st Global, he has created innovative educational programs, advanced support services and cutting-edge technology tools that cater to the wealth management advisor.
Tony is a Certified Public Accountant, a Chartered Financial Analyst charterholder and CERTIFIED FINANCIAL PLANNER™. His professional memberships include the American Institute of Certified Public Accountants, the Texas Society of CPAs, the Institute of Certified Financial Planners and CFA Institute.
For 2004 and 2005, Tony served as Chairman of the Financial Services Institute. The Financial Services Institute is a membership association of broker/dealers and Registered Investment Adviser firms that serve financial advisors who are independent contractors. The FSI works for the success of its members through regulatory advocacy, conferences and education, peer networking and research. For 2006, Tony served on the board of directors of the FSI and served as chairman of its political action committee.
From December 2013 through August 2015 Tony served on the board of the National Center for Policy Analysis (NCPA), an economic policy research and advocacy organization. Tony currently serves on the advisory board of the Laffer Center for Supply Side Economics, an economic policy analysis organization in association with the Pacific Research Institute. Tony also serves on the advisory board of the Journal of Investment Management (JOIM). JOIM is an organization of scholars, academics and institutional practitioners from a broad range of specialties in finance and investment management that vets independent research enabling advances in various fields of finance.
Tony is a graduate of the University of Kansas and serves on the board of advisors to its School of Business. In 2007, Tony was recognized by the KU Business School as a distinguished alumnus. He is also an instrument-rated private pilot. Tony and his wife Vicki were married in 1982 and reside in Dallas, Texas.
Gary L. Bergstrom, Ph.D.
Gary founded Acadian Asset Management in 1986, to offer advanced global investment strategies to institutional investors around the world. He has been investing globally for over 40 years and was one of the first institutional managers to advocate the benefits of disciplined global equity investment for U.S. based investors. He spent nine years at the Putnam Companies and later founded Acadian Financial Research (predecessor of Acadian Asset Management). That firm worked extensively with a number of major investment organizations, including the State Street Bank and Trust Company where it developed and helped manage the first international index matching strategies. When the formal relationship with State Street ended, Acadian Asset Management began managing institutional assets directly. Since then, the firm has grown to over $80 billion of assets under management and has continued to be a pioneer in developing a variety of active strategies for global investing.
Gary has been a member of the editorial board of the Journal of Portfolio Management. His award-winning article, “A New Route to High Returns and Lower Risks,” published in the journal in 1975, was one of the first to advocate significant allocations of the assets of U.S. –based funds to global equities. His other publications include articles in the Financial Analysts Journal, Columbia Journal of World Business, Management Science, The Wall Street Journal, and The Sloan Management Review, as well as chapters in many books.
Gary currently serves on the boards of several major non-profit institutions. He has a particular interest in development economics and emerging markets, gained in part from his extensive research experience in India. He earned a doctorate from MIT’s Sloan School of Management, where he also served on the faculty.
Gary L. Bergstrom, Ph.D. – Consultant
Over 40 years of continuous institutional investment experience
Ph.D. from Massachusetts Institute of Technology
Acadian Asset Management, LLC
|H. Gifford Fong
H. Gifford Fong
H. Gifford Fong is President of Gifford Fong Associates, a firm specializing in fixed income, derivative product and asset allocation analysis. Independent valuation, model validation and portfolio strategy analysis are areas of emphasis. He is a graduate of the University of California where he earned his B.S., M.B.A. and J.D. (law).
Mr. Fong is the editor of the Journal Of Investment Management (JOIM); founder of the JOIM Conference Series; member of the Corporation Visiting Committee for the MIT Sloan School of Management; member of the North American Executive Board of the MIT Sloan School; member of the Advisory Board of the Finance Faculty of the MIT Sloan School; founding sponsor, member of the Steering Committee of the Masters in Financial Engineering Program at the University of California at Berkeley; member, Haas Hall of Fame, Haas School of Business, University of California at Berkeley; member of the of the Academic Advisory Board of the Consortium for System Risk Analytics; former member of Advisory Board of the MIT Center for Finance and Policy; former member of the Board of Advisory Trustees, University of California, Berkeley Foundation; former editor of the Financial Analysts Journal; former member of the Board of Directors and Program Chairman of the Institute for Quantitative Research in Finance; former member of the Advisory Group of the University of California Regents Committee on Investments; former Vice Chair and member of the Research Committee of the Research Foundation of the CFA Institute and a contributor to a number of professional books and journals.
In addition, Mr. Fong is co-author of "Fixed-Income Portfolio Management," a book published by Dow Jones-Irwin, co-author of "Advanced Fixed Income Portfolio Management, The State of the Art," a book published by Probus Publishing, editor of “The Credit Market Handbook: Advanced Modeling Issues,” a book published by Wiley Finance, editor of “The World of Hedge Funds: Characteristics and Analysis” and “The World of Risk Management,” books published by World Scientific. He is also the author of numerous professional journal publications. Mr. Fong has received a number of honors, including the Institute for Quantitative Research in Finance Award and the Financial Analysts Journal Graham and Dodd Award of Excellence. He also is on a number of boards of directors of non-related companies and non-profit institutions.
Gifford Fong Associates
Jason Hsu, a co-founder of Research Affiliates, is CEO and Chairman of Rayliant Global Advisors, based in Hong Kong. Rayliant Global Advisors is an Asia-focused investment firm focused on smart beta strategies tailored to the Asian markets as well as Chinese equity strategies targeted at foreign institutional investors. Jason continues to serve in a non-executive capacity at Research Affiliates as Vice Chairman. He is a strong advocate for investor education and products that add value by systematically exploiting known sources of excess returns and delivering them in low-cost and transparent index chassis.
Jason is at the forefront of the smart beta revolution and is a recognized thought leader in the space. Building on his pioneering work on the RAFI™ Fundamental Index™ approach to investing with Rob Arnott in 2005, he has published numerous articles on the topic, notably including “A Survey of Alternative Equity Index Strategies,” which won a 2011 Graham and Dodd Scroll and the Readers’ Choice Award from CFA Institute and "The Surprising Alpha from Malkiel's Monkey and Upside-Down Strategies," which won the 2013 Bernstein Fabozzi/Jacobs Levy Award for Outstanding Paper in the Journal of Portfolio Management. In 2005 and 2013, he received the William F. Sharpe Award for Best New Index Research, which is awarded by Institutional Investor Journals, for his research on smart beta.
Jason is a member of the board of directors at the Anderson School of Management at UCLA, as well as an adjunct professor in finance. For his service to UCLA’s Anderson School, Jason received the 2009 Outstanding Service Award. Jason is also a visiting professor in international finance at the Taiwan National University of Political Science.
Jason has authored more than 40 peer-reviewed articles. He is an associate editor of the Journal of Investment Management and serves on the editorial board of the Financial Analysts Journal, the Journal of Index Investing, the Journal of Investment Consulting, and the Journal of Investment Management.
Jason graduated with a BS (summa cum laude) in physics from the California Institute of Technology, was awarded an MS in finance from Stanford University, and earned his Ph.D. in finance from UCLA, where he conducted research on the equity premium, business cycles, and portfolio allocations
Rayliant Global Advisors
Will Kinlaw, CFA
Senior Managing Director and Head of State Street Associates
Will is senior managing director and head of State Street’s academic affiliate, State Street Associates, a unique partnership that bridges the worlds of financial theory and practice. Part of State Street’s Global Exchange division, State Street Associates develops risk, investor behavior, and economic indicators as well as investable indices for investment managers and institutional investors around the world. Its products leverage State Street’s proprietary information assets as well as data sourced through strategic partnerships with big data start-up companies in the Boston area.
Will and his co-authors were awarded the 2013 Peter L. Bernstein Award as well as the 2013, 2014, and 2015 Bernstein Fabozzi/Jacobs Levy “Outstanding Article” Awards for their articles on liquidity, risk management, and performance measurement. His article on the role of sector exposures in describing the private equity premium won “Honorable Mention” for the 2016 Peter L. Bernstein Award. His book, “A Practitioner’s Guide to Asset Allocation,” co-authored with Mark Kritzman and David Turkington, was published by Wiley in 2017.
Will serves on the Editorial Advisory Board of the Journal of Portfolio Management and the Advisory Board for the Journal of Investment Management conference series. He holds an M.S. in finance from the Carroll School of Management at Boston College and a B.A. in Economics from Tufts University, as well as a CFA designation. He joined State Street in 2002.
State Street Global Exchange
MARK KRITZMAN is CEO of Windham Capital Management, LLC and the Chairman of Windham’s investment committee. He is responsible for managing research activities and investment advisory services. He is also a Founding Partner of State Street Associates, and he teaches a graduate finance course at the Massachusetts Institute of Technology.
Mark served as a Founding Director of the International Securities Exchange and has served on several boards, including the Institute for Quantitative Research in Finance, The Investment Fund for Foundations, and State Street Associates. He is also a member of several advisory and editorial boards, including the Advisory Board of the MIT Sloan Finance Group, the Emerging Markets Review, the Financial Analysts Journal, the Journal of Alternative Investments, the Journal of Derivatives, the Journal of Investment Management, where he is Book Review Editor, and The Journal of Portfolio Management. He has written numerous articles for academic and professional journals and is the author of six books including Puzzles of Finance and The Portable Financial Analyst.
Mark won Graham and Dodd scrolls in 1993 and 2002, the Research Prize from the Institute for Quantitative Investment Research in 1997, the Bernstein Fabozzi/Jacobs Levy Award nine times, the Roger F. Murray Prize from the Q-Group in 2012, and the Peter L. Bernstein Award in 2013 for Best Paper in an Institutional Investor Journal. In 2004, Mark was elected a Batten Fellow at the Darden Graduate School of Business Administration, University of Virginia.
Mark has a BS in economics from St. John’s University, an MBA with distinction from New York University, and a CFA designation.
Windham Capital Management, LLC
Jean-Francois is responsible for the identification and modelling of risk/return characteristics of all active programs and new asset classes across the total investment portfolio. Jean-Francois was most recently Senior Vice President, Investment Policy Research, at Caisse de Depot et Placement du Quebec, where he led the investment research, investment policy and macroeconomic research areas. Prior to joining CDP, Jean-Francois was an Associate Professor of Finance at HEC Montreal. Having written several articles for academic and professional journals, Jean-Francois serves as a referee for a few journals, and is on the Financial Analysts Journal Editorial Board. He is also a member of the board of directors of CIRANO (an interuniversity centre of research, liaison and transfer of knowledge on the analysis of organizations), and IFM2 (Institut de finance mathematique de Montreal).
Jean-Francois earned both his Doctorate and Master's degrees in Finance from Universite Laval and is a CFA charterholder.
|Martin L. Leibowitz
Martin L. Leibowitz
Martin L. Leibowitz is a Vice Chairman in Morgan Stanley’s Research Department. In addition to chairing the Global Research Quantitative Council, Dr. Leibowitz and his group produce studies on such topics as asset allocation, equity valuation, asset/liability management, and duration targeting. Prior to joining Morgan Stanley in 2004, Dr. Leibowitz was vice chairman and chief investment officer of TIAA-CREF from 1995 to 2004, with responsibility for the management of over $300 billion in equity, fixed income, and real estate assets. Previously, he had a 26-year association with Salomon Brothers, where he became director of global research, covering both fixed income and equities.
Dr. Leibowitz received both A.B. and M.S. degrees from The University of Chicago and a Ph.D. in mathematics from the Courant Institute of New York University.
He has written over 250 articles on various financial and investment topics and has been the most frequent author published in both the Financial Analysts Journal (FAJ) and the Journal of Portfolio Management (JPM). Ten of his FAJ articles have received the Graham and Dodd Award for excellence in financial writing, and in 2008, a JPM publication was voted the year’s best paper by the Journal’s readers.
Leibowitz has written several books with various coauthors. In 1972, his first book, “Inside the Yield Book”, coauthored with Sidney Homer, a distinguished scholar of financial history, became an early standard in the bond field and has gone through 21 re-printings. A 2nd edition was published in 2004 with a foreword by the noted economist Henry Kaufman. In 2013, his recent work on duration targeting and return convergence led to Bloomberg Press publishing a 3rd edition.
Leibowitz’s other books include “Investing”, a volume of his collected writings, published in 1992 with a foreword by William F. Sharpe. In 1996, his book “Return Targets and Shortfall Risks” was issued by Irwin Co. In 2004, John Wiley & Co. published “Franchise Value”, a series of studies describing a new approach to equity valuation. In 2008, Mr. Leibowitz co-authored a book “Modern Portfolio Management”, published by John Wiley & Co., which focused on active equity strategies. Another volume, “The Endowment Model of Investing”, co-authored with Anthony Bova and Brett Hammond of TIAA-CREF, was published in 2010 by John Wiley & Co., with Peking University Press then issuing a Mandarin edition in 2012.
In January 2015, Leibowitz was named “Financial Engineer of the Year” by the International Association for Quantitative Finance, joining a distinguished list of previous awardees such as Fischer Black, Myron Scholes, Robert Merton, and Jim Simons.
Leibowitz is also one of the very few recipients of three of the CFA Institute’s highest awards: the Nicholas Molodovsky Award in 1995, the James R. Vertin Award in 1998, and the Award for Professional Excellence in 2005. In November 1995, he became the first inductee into The Fixed Income Analyst Society’s Hall of Fame. He has received special Alumni Achievement Awards from The University of Chicago and New York University, and in 2003, he was elected a Fellow of the American Academy of Arts and Sciences.
Dr. Leibowitz serves on the Board of The Rockefeller Foundation and on the investment advisory committees of Singapore’s GIC, the Institute for Advanced Study in Princeton, NJ, the Carnegie Corporation, and the IMF pension system.
| Richard O. Michaud
Richard O. Michaud
Richard O. Michaud is President and Chief Investment Officer of New Frontier Advisors LLC. Dr. Michaud's research and consulting has focused on portfolio optimization, asset allocation, investment strategies, global equity management, stock valuation technology, statistical methods in finance, financial planning theory, behavioral finance, portfolio analysis and trading costs. He has a Ph.D. in mathematics from Boston University and has taught investment management at Columbia University.
Dr. Michaud is co-inventor (with Robert O. Michaud) (U.S. patent, December 1999, October 2005 and Israeli patent, November 2005) of an optimization and portfolio rebalancing method for improving the investment value of equity portfolios and asset allocations in practice. Worldwide patents pending. New Frontier Advisors has exclusive worldwide rights. Prior professional positions include: Director, Research and Development, Acadian Asset Management; Director, Research and New Product Development, State Street Bank and Trust Co.; Head, Equity Analytics, Merrill Lynch; Director, Quantitative Investment Services, Prudential Securities.
He is a Graham and Dodd Scroll winner for his work on optimization, a former Director of the "Q" Group and an Editorial Board member of the Financial Analysts Journal and Journal of Investment Management (JOIM). He has published a number of papers in academic and professional journals and two books: Efficient Asset Management: A Practical Guide to Stock Portfolio Optimization and Asset Allocation, Oxford University Press 1998; Investment Styles, Market Anomalies, and Global Stock Selection, Association for Investment Management Research (AIMR) 1999.
New Frontier Advisor, LLC
Alex Potts is President and CEO of Loring Ward Group Inc. and the SA Funds - Investment Trust. Previously, he served as CEO of RNP Advisory Services, Inc., a registered investment advisory firm. Alex started the SA Funds - Investment Trust and founded Loring Ward Securities Inc. Alex earned a Bachelor of Science Degree in Economics from Santa Clara University. He holds General Securities (Series 7), State Law (Series 63), General Securities Principal (Series 24) and Uniform Investment Adviser Law Examination (Series 65) licenses. Alex previously served on the Dean's Advisory Board at the Leavey School of Business at Santa Clara University.
Loring Ward Group, Inc.
Tom L. Stringfellow, CFA®, CPA®, CFP®, CIC
President, Managing Director, Chief Investment Officer and Fund Co-Manager
Oversees all mutual fund and institutional portfolio management activities, research, and trading for the
Tom joined Frost Bank, the parent company of Frost Investment Advisors, LLC, in
1980. He has been active in the local and national investment community. He
speaks regularly at regional investment conferences and in the past has lectured at
St. Mary’s University in San Antonio and the University of Texas at San Antonio. The
co-author of a nationally published article about asset allocation, Tom is also a
regular contributor to Frost Investment Advisors’ quarterly client newsletter.
His service to a number of professional organizations has included an assignment as
chairman of the Investments Committee and an appointment to the National
Council, both for the American Institute of Certified Public Accountants. Also, a
volunteer for the CFA Institute, Tom has served on the organization’s Financial
Accounting Policies Committee and as President of its San Antonio affiliate CFA
society. He is also a past President of the San Antonio Business and Economics
Society, a local chapter of the National Association for Business Economics, a professional association for business
economists and those who use economics in the workplace.
Tom earned a Bachelor of Arts degree in Business Administration from Texas State University (formerly Southwest
Texas State University), a Master of Arts degree in economics from St. Mary’s University and a Master of Business
degree from Texas A&M University – Corpus Christi (formerly Texas A&I University). Augmenting his professional
experience, Tom has earned the CERTIFIED FINANCIAL PLANNER™
certification and the Certified Public Accountant
certification, the Chartered Investment Counselor designation. He is a holder of the right to use the Chartered
Financial Analyst (CFA®) designation and is a member of the CFA Institute.
Frost Investment Advisors, LLC
Alan Adelman is the senior managing director at Angeles Wealth Management,
where he focuses on providing institutional-quality chief investment officer and
fiduciary advice to affluent individuals, families, trusts and family foundations.
Alan is a 30-year veteran of the investment management and trust industry with over
20 years in senior leadership roles for global financial leaders including chief
investment officer for First Interstate Bank of California, First Union Bank and Wells
Fargo Offshore Trust Company. Separately Alan served as chief investment strategist
for Wells Fargo’s private client group.
Alan joins Angeles from investment boutique Cinque Partners LLC, a registered investment advisor specializing
in hedged equity strategies, where he was a co-founder, managing partner and chief investment officer.
Cinque managed pooled investment vehicles and separate accounts for sophisticated institutional investors.
Alan is dedicated to community service leadership. He is on the board of directors for Heart of Los Angeles
(Chairman Audit Committee), on the board of visitors for the UCLA David Geffen Medical School and former
board member of Jewish Vocational Services of Los Angeles.
Angels Wealth Management
Dr. Vineer Bhansali is a managing director and portfolio manager in the Newport Beach office. He currently oversees PIMCO's quantitative investment portfolios. From 2000, he also headed PIMCO's firmwide analytics department. Prior to joining PIMCO in 2000, he was a proprietary trader in the fixed income trading group at Credit Suisse First Boston and in the fixed income arbitrage group at Salomon Brothers in New York. Previously, he was head of the exotic and hybrid options trading desk at Citibank in New York. He is the author of numerous scientific and financial papers and of the books "Bond Portfolio Investing and Risk Management," "Pricing and Managing Exotic and Hybrid Options," "Fixed Income Finance: A Quantitative Approach" and the most recent book, "Tail Risk Hedging". He has 23 years of investment experience and holds a Ph.D. in theoretical particle physics from Harvard University. He has a master's degree in physics and an undergraduate degree from the California Institute of Technology.
LongTail Alpha, LLC
Jeffrey Bohn is Chief Science Officer and head of GX Labs at State Street Global Exchange. In addition, he is an affiliated researcher at U.C. Berkeley¹s Center for Risk Management Research.
Prior to setting up GX Labs in San Francisco, he established the Portfolio Analytics/ Valuation Department within State Street Global Markets Japan. Fluent in Japanese, Jeff ran PWC Japan¹s Risk/Regulatory Financial Services consulting practice. Other past appointments include CEO, Soliton Financial Analytics in Hong Kong; Head, Portfolio Analytics/Economic Capital at Standard Chartered Bank in Singapore; General Manager, Financial Strategies at Shinsei Bank in Tokyo; Head, Moody¹s KMV¹s Global Research.
State Street Global Markets
Dr. Sharon Hill is Senior Vice President and heads the firm's equity quantitative research team and is a member of the firm's five-person asset allocation committee, which is responsible for building and managing multi-asset class portfolios. Dr. Hill joined Delaware Investments in 2000 as a senior programmer/analyst within the IT department, and then moved to the equity group as a quantitative analyst before assuming her current position. Before joining the firm, she worked as a professor of mathematics at Rowan University, and as a software developer for Bloomberg where she focused on fixed income applications. Dr. Hill holds a bachelor's degree, with honors, in mathematics from the City University of New York at Brooklyn College, as well as a master's degree and Ph.D. in mathematics from the University of Connecticut. Her academic publications include work on water waves, complex spring systems, and global investments. She is a member of the Society of Quantitative Analysts and a member of the program committee of the Journal of Investment Management.
Macquarie Investment Management
|Ronald N. Kahn
Ronald N. Kahn
Ronald N. Kahn, PhD, Managing Director, is Global Head of Scientific Equity Research at BlackRock. He is responsible for upholding and enhancing BlackRock's scientific equity research standards and products.
Ron's service with the firm dates back to 1998, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI, his roles included Global Head of Equity Research, Global Head of Advanced Equity Strategies, and Head of Active Equities in the US. Prior to joining BGI, Ron worked as Director of Research at BARRA, where his research covered equity and fixed income markets.
With Richard Grinold, Ron authored Active Portfolio Management: Quantitative Theory and Applications. The two of them are the 2013 winners of James R. Vertin award, presented periodically by the CFA Institute to recognize individuals who have produced a body of research notable for its relevance and enduring value to investment professionals. He is a 2007 winner of the Bernstein Fabozzi/Jacobs Levy award for best article in the Journal of Portfolio Management. He serves on the editorial advisory boards of the Financial Analysts Journal, the Journal of Portfolio Management and the Journal of Investment Consulting. The 2007 book How I Became a Quant includes his essay describing his transition from physics to finance.
Ron teaches the equities half of the course, "International Equity and Currency Markets" in UC Berkeley's Master of Financial Engineering Program.
Ron earned an AB degree in physics, summa cum laude, from Princeton University, and a PhD in physics from Harvard University. He was a post-doctoral fellow in physics at University of California, Berkeley.
Alok Mahajan is a Principal with KPMG and serves as Silicon Valley Leader for Valuation Services practice. He has over 17 years of experience as a valuation professional and is considered one of the national leaders for valuations in the Technology and Venture Capital backed companies sectors. Currently he is also leading KPMG’s National Complex Security (Derivatives and Fin Instruments) Valuations Practice. His clients include some of the best known and most innovative technology companies and many VC backed private companies. He currently serves as observer (and is past Chair of) KPMG’s Valuation Services Technical Committee (VSTC). He served on the Appraisal Practices Board (APB) of The Appraisal Foundation (TAF) from 2010-2015. He is a frequent speaker on valuation topics.
Alok is a CFA charter holder, received his MBA from University of Michigan, Ann Arbor and a B. tech from Indian Institute of Technology, Roorkee, India.
|Yu (Ben) Meng
Yu (Ben) Meng
Dr. Yu(Ben) Meng serves as the deputy chief investment officer at the State Administration of Foreign Exchange (SAFE) in Beijing, China. Before joining SAFE, Dr. Meng was the Investment Director and head of Asset Allocation at CalPERS, the largest U.S. pension fund. He was responsible for developing and implementing both strategic asset allocation and tactical asset allocation frameworks while managing cash and liquidity for the total fund. In addition to serving on the Portfolio Allocation Committee, he was also a voting member on Private Equity Investment Committee and Real Assets Investment Committee. He was the only person to simultaneously serve on all three investment committees.
Prior to CalPERS, Dr. Meng was Senior Portfolio Manager at former Barclays Global Investors (BGI) in San Francisco where he was instrumental in the development of a number of successful scientifically-driven hedge fund strategies such as the 3D Capital credit long-short fund and the Capital Structure Investment Fund. He was also the head of European Credit Research and launched the Europe portfolio of 3D Capital Fund in London.
Before joining BGI, Dr. Meng worked as risk officer at Lehman Brothers in New York and bond trader at Morgan Stanley in New York.
In his spare time, he teaches at the Haas School of Business at UC Berkeley (2014 recipient of Cheit Award of Excellence in Teaching) and the Graduate School of Management at the UC Davis. He is on the editorial board of the Journal of Investment Management, the advisory board of the Financial Engineering program at UCLA, and the advisory board of Drexel University -Sacramento.
Dr. Meng holds a Master of Financial Engineering degree from Haas School of Business at UC Berkeley and a Ph.D. in Civil Engineering from UC Davis.
Peterson is Chief Investment Officer of Charles Schwab Investment Advisory and a portfolio manager for Schwab Managed Portfolios™ and Schwab Intelligent Portfolios®. Prior to joining Schwab in 1998, Peterson was a member of the finance faculty at the University of Notre Dame. He has been published in several leading academic and professional journals, including The Journal of Portfolio Management, Journal of Financial Planning, Financial Analysts Journal, The Journal of Fixed Income, Financial Management, Journal of Financial and Quantitative Analysis, and Journal of Money, Credit and Banking. Peterson received his Ph.D. in finance from Louisiana State University.
Charles Schwab Investment Advisory
|Roger M. Stein
Roger M. Stein
Roger M. Stein is a Senior Lecturer in Finance at MIT and holds the position of Research Affiliate at the Laboratory for Financial Engineering at MIT.
He has written two full-length textbooks on finance and analytics and his has written over fifty academic and industry research papers on a variety of areas relating to risk, statistical methods and decision theory. His current research interests are in the areas of systemic risk, model risk and validation, biomedical funding, and the interface between data mining and financial theory.
Dr. Stein serves on the editorial boards of several finance journals (including JOIM). He the founder and president of the Consortium for Systemic Risk Analytics; a member of the Advisory Council of the Museum of Mathematics; and on the board of PlaNet Finance USA.
In addition to his academic work, Dr. Stein has also held a number of senior positions in industry. He is the former Chief Analytics Officer at State Street Global Exchange. Prior to this, he was managing director of Research and Academic Relations globally for Moody's Corporation, president of Moody's Research Labs (MRL), co-head of research at Moody's KMV, and head of the managed funds group at MIS.
Massachusetts Institute of Technology
|Margaret S. Stumpp
Margaret S. Stumpp
Margaret Stumpp is Senior Advisor for Quantitative Management Associates (QMA) – a $100b AUM investment management affiliate of Prudential Financial. Prior to this role, she held the position of Chief Investment Officer for over 20 years. She has published numerous articles in publications including: The Journal of Investment Management, The Journal of Portfolio Management, and The Financial Analyst’s Journal, as well as numerous conference presentations. Margaret holds MA and PhD degrees in Economics from Brown University.
Quantitative Management Associates
Dr. Pu (Paul) Zhang is an Investment Manager at the California Public Employees’ Retirement System (CalPERS), the largest U.S. pension funds. At CalPERS, Paul is responsible for performing investment analysis and management and making total fund level asset allocation recommendations to the CalPERS Board. He is also a voting member of the Real Assets Investment Committee. Prior to CalPERS, he worked in the hedge fund industry and specialized in building high frequency trading strategies covering equities, fixed income, currencies and commodities. Paul holds a Ph.D. in Applied Mathematics from University of Exeter, UK, M.Sc. in Planetary Physics from Purple Mountain Observatory, China, and B.Sc. in Space Physics from University of Science and Technology of China. Paul is a CFA® charterholder.