Andrew W. Lo
Andrew W. Lo
Andrew W. Lo is the Charles E. and Susan T. Harris Professor at the MIT Sloan School of Management, the director of MIT’s Laboratory for Financial Engineering, a principal investigator at MIT’s Computer Science and Artificial Intelligence Lab, and an external professor at the Santa Fe Institute. He received a B.A. in economics from Yale University and an A.M. and Ph.D. in economics from Harvard University. His most recent research focuses on systemic risk in the financial system; evolutionary approaches to investor behavior, bounded rationality, and financial regulation; and applying financial engineering to develop new funding models for biomedical innovation. Lo has published extensively in academic journals ( see http://alo.mit.edu ) and his most recent book is Adaptive Markets: Financial Evolution at the Speed of Thought. His awards include Batterymarch, Guggenheim, and Sloan Fellowships; the Paul A. Samuelson Award; the Harry M. Markowitz Prize; the Eugene Fama Prize; the IAFE-SunGard Financial Engineer of the Year; the Global Association of Risk Professionals Risk Manager of the Year; one of TIME’s “100 most influential people in the world”; and awards for teaching excellence from both Wharton and MIT.
Massachusetts Institute of Technology
Sanjiv R. Das
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 one hundred 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 global head of Quantitative Equity Group in Vanguard's Investment Management Group. His team manages or co-manages Vanguard active equity, alternative, multi-asset-class, and factor-based investment mandates using quantitative methods. Mr. Ameriks' research has appeared 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. His current research interests include quantitative equity investment strategies, behavioral economics, 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. He earned an A.B. from Stanford University and an M.A., M.Phil., and Ph.D. in economics from Columbia University.
The Vanguard 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.
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
BFO Investments LLC
Kenneth Blay is Head of Research for Global Thought Leadership at Invesco. In this role, he works closely with investment teams to lead the development of original research, the authorship of white papers and articles for publication in practitioner journals, and the creation of innovative investment content focused on strengthening Invesco’s profile as a global thought leader in asset allocation, risk management, systematic and factor investing, and portfolio implementation.
Mr. Blay joined Invesco in 2018. Prior to joining the firm, he served as advisory research manager in the portfolio and risk research group at State Street Associates, where he led research efforts for advisory engagements with institutional clients and collaborated with academic partners to develop and implement new research on asset allocation, risk management, and investment strategy. Previously, he was director of research for 1st Global, where he established the firm’s investment management research group, led asset allocation policy, and managed the firm’s discretionary multi-asset portfolios. He has been in the financial industry since 1991.
Mr. Blay has worked closely with Nobel Laureate Harry Markowitz on advancing various asset allocation research initiatives, including the optimization of the net present value of future cash flows, tax-cognizant portfolio analysis, and simulation-based multi-period portfolio selection. He has had his research published through various journal articles and books, including Risk-Return Analysis: The Theory and Practice of Rational Investing (Volume 1), which he coauthored with Markowitz. He also serves on the advisory board for the Journal of Investment Management conference series. Mr. Blay earned a BBA degree in finance from the University of Texas.
|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; former member of the Visiting Committee for the MIT Sloan School of Management; former 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 a Founding Partner and 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 as a Commissioner on the Group Insurance Commission of the Commonwealth of Massachusetts. He has also served on the Advisory Board of the Government Investment Corporation of Singapore (GIC) and the boards of the Institute for Quantitative Research in Finance, The Investment Fund for Foundations, and State Street Associates. He is currently a member of several advisory, corporate, and editorial boards, including, the Advisory Board of the MIT Sloan Finance Group, the Board of Governors of St. John’s University, Protego Trust Company, the Emerging Markets Review, 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 more than 100 articles for peer-reviewed journals and is the author or co-author of eight books including Asset Allocation: From Theory to Practice and Beyond, 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
|Martin L. Leibowitz
Martin L. Leibowitz
Martin L. Leibowitz is President of Advanced Portfolio Studies LLC (APS), and a Senior Advisor for Morgan Stanley. Prior to founding APS in 2019, he served as Vice Chairman in Morgan’s Research Department. Before joining Morgan, Dr. Leibowitz was vice chairman and chief investment officer of TIAA from 1995 to 2004.
Dr. Leibowitz has a Ph.D. in mathematics from New York University. He has written over 250 articles and has been the most frequently-published author in both the Financial Analysts Journal (FAJ) and the Journal of Portfolio Management (JPM). Ten of his FAJ articles have received Graham and Dodd Awards.
Leibowitz has written several books with various coauthors. In 1972, his first book, Inside the Yield Book, became an early standard in the field of fixed income with more than 20 re-printings.
In January 2015, Leibowitz was named “Financial Engineer of the Year” by the IAQF, joining awardees such as Fischer Black, Myron Scholes, Robert Merton, Jim Simons, and Cliff Asness.
Leibowitz has received all three of the CFA Institute’s highest awards.
Dr. Leibowitz serves on the Board of The Rockefeller Foundation and on the investment committees of Singapore’s GIC, the Institute for Advanced Study, the Carnegie Corporation, the IMF pension system, and the American Academy of Arts and Sciences.
Advanced Portfolio Studies LLC (APS)
|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
Charles Schwab Investment Advisory
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
Dr. Bohn is Chief Strategy Officer for One Concern, a California-based InsurTech focused on resilience modeling. He is also a board member and researcher at the Consortium for Data Analytics in Risk (CDAR) at U.C. Berkeley. Most recently, he was the Chief Research & Innovation Officer at the Swiss Re Institute in Zürich. In the past, he served as Chief Science Officer at State Street Global Exchange in San Francisco. Before moving back to California, he established the Portfolio Analytics and Valuation Department within State Street Global Markets Japan in Tokyo. Dr. Bohn often conducts seminars on topics ranging from risk & portfolio management to machine learning. He has published widely in the area of credit risk. He co-authored with Roger Stein Active Credit Portfolio Management in Practice (Wiley, 2009). His recent research focuses on ESG investing, socially responsible machine intelligence, causal inference to improve machine-learning interpretability, and machine-intelligence-enabled tools to assess company & urban resilience.
Sharon Hill, Ph.D. is a senior portfolio manager and Head of Alpha Equity – Global & Income within Vanguard’s Quantitative Equity Group. Her team manages active equity global and income-oriented mandates using quantitative methods. Prior to joining Vanguard in 2019, she was Head of Equity Quantitative Research & Analytics at Macquarie Investment Management. Earlier roles include working as a fixed income software developer at Bloomberg L.P. and teaching mathematics at Rowan University. She earned a B.S. in Mathematics from City University of New York at Brooklyn College and an M.S. and Ph.D. in Mathematics from University of Connecticut.
|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 is the Executive Vice President and Chairman of Asia Pacific, Franklin Templeton.
Dr. Yu (Ben) Meng has two decades of experience working in the global finance industry across three continents. His career has been a systematic accumulation of product knowledge regarding all major asset classes through the various roles he has held on both the sell side and the buy side that culminated in his most recent roles as the DCIO at State Administration of Foreign Exchange (SAFE) and CIO at California Public Employees Retirement System (CalPERS), which are, respectively, the largest asset owners in the world and in the US.
His holistic investment experience spans the gamut of investment dimensions. In geographic markets, he has worked in Asia, Europe and the US. In approach, he is a “Quantimental,” with both bottom-up and top-down experience that represents the perfect blend of quantitative and fundamental approaches. In investment horizon, he has a deep knowledge of fast money investment as well as experience with asset owners with decades-long time horizons. Finally, in managing pools of assets, he has been at the helm of two of the largest asset owners in the world and has applied his investment acumen and leadership skills to contribute to the success of these organizations. He is a leader with the highest level of integrity, with an approach of cohesive team building and the ability to positively influence an organization’s culture and financial performance.
In additional to his professional pursuits, Dr. Meng finds the time to actively engage with the academic community. He believes that great investment ideas often originate from the academic community. He serves on the editorial board of Journal of Investment Management (JOIM) and frequently teaches at top business schools globally such as the Haas School of Business at the University of California at Berkeley, where he was the recipient of the 2014 Cheit Award of Excellence in Teaching.
Dr. Meng holds a Master of Financial Engineering degree from the Haas School of Business at University of California at Berkeley and a Ph.D. in Civil Engineering from the University of California at Davis.
Deep Srivastav is SVP, Head of Client Strategies and Analytics for Franklin Templeton. The role involves developing and integrating client and market insights into FT’s client interactions across business lines globally. The global team’s responsibilities include client data architecture, data engineering, business intelligence, data sciences, digital analytics, client analytics, goals-based personalization and capital markets insights. Prior to FT, he has worked at Oracle Financial Services as Head of Operations, at GE Capital as a Black Belt with Technology, and at Tata Motors as an Engineer.
Deep is an Electronics Engineer and an MBA from Indian Institute of Management, Ahmedabad with a focus on Quantitative Research and Marketing. He got certified as Six Sigma Black Belt in GE. He is IBM certified in Python for Data Science and SQL.
|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 S. Stumpp is Senior Advisor to Quantitative Investment Management Associates (QMA), where she was co-founder in and Chief Investment Officer until 2014.
Margaret holds a BA with distinction in Economics from Boston University as well as MA and PhD degrees in Economics from Brown University. She is a frequent presenter on quantitative investment management in both domestic and international conferences, and she has numerous publications in a variety of popular publications as well as peer-reviewed finance journals. Current areas of research include ESG investing; investor skewness preferences, and the performance of short-selling.
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.