Johnathan Crist, CFA FRM is a Sr. Investment Analyst at the Georgia Tech Foundation, Inc. where he is a part of the team managing $2.4B in assets. His responsibilities include managing the portfolio allocation, risk, and derivative program. Previously he worked at the UPS Group Trust in the Strategy, Asset Allocation & Risk group. Johnathan graduated from Georgia Tech with a Bachelor’s Degree in Industrial Engineering and is currently pursuing his MBA with a concentration in Quantitative Finance at the Scheller College of Business.
Carl Lantz is a Senior Portfolio Manager at the Public School Employees’ Retirement System (PSERS) which oversees the management of over $65B in assets on behalf of the Commonwealth’s current and retired public school employees. Carl is responsible for $12B in assets invested with external managers across public market asset classes including equities, fixed income, real assets and tail risk mitigation.
Prior to joining PSERS, Carl was a Managing Director at Credit Suisse Securities LLC where he spent more than a decade in various roles including US Head of Global Macro Products Strategy and Co-Head of Global Interest Rate Strategy. In addition to formulating and communicated top-down market views, Carl specialized in structuring interest rate and cross-market derivatives trades.
Carl began his career as an economic researcher at the Federal Reserve Bank of Richmond where he focused on macroeconomics, monetary policy and capital markets.
Carl received a BA in Economics from Dickinson college and an MBA in Finance from Columbia University. Carl is a CFA Charterholder.
Meisan is a senior investment director researching and advising on Hedge Funds in Cambridge Associates’ Boston office. She heads up the firm’s research efforts on uncorrelated strategies in the Americas. In addition, Meisan is a Director of Hedge Funds in CA Capital Management, Cambridge Associates’ outsourced investment office business. Previously she was part of part of the firm’s pension practice, where she advised a variety of institutional investors on Hedge Fund investment issues such as asset allocation strategy, manager selection, risk management and investment program evaluation. Meisan has 19 years of investment experience and has previously worked at Omega Capital, Apollo Management, Guggenheim Partners, Evergreen Investments (now Wells Fargo) and Tsai Capital.
Meisan is a CFA charterholder, and has an undergraduate degree and a graduate degree from Middlebury College and Columbia University, respectively.
Oleg Mogilny is Managing Director, Public Market Alternatives and Factor Investing. He heads IMCO’s investments in public market alternatives with an objective to deliver absolute returns with low beta to equity markets.
Oleg has 20 years of experience in research, trading and portfolio management across major global public markets.
Prior to joining IMCO in 2019, Oleg led the Quantitative Strategies and Research group at Ontario Teachers’ Pension Plan (OTPP). In this role he managed systematic absolute return strategies and investment-focused data science initiatives. During his 16-year career at OTPP, Oleg had progressive roles in Capital Markets, Tactical Asset Allocation and Public Equities teams, being responsible for macro strategies, systematic programs, factor investing, equity portfolio construction, thematic and hedging portfolios.
Oleg Mogilny holds an MBA from McGill University and a Master’s degree in Economics from Kyiv School of Economics. He is a CFA charterholder.
David Warn is the Chief Risk Officer for the Office of Investments at University of Chicago, specializing in market risk management, analytical development, and risk and liquidity forecasting. He manages the Endowment’s strategic allocation to long volatility/tail hedging. Prior to joining the University in 2010, David spent six years with Morgan Stanley in London as head of equity risk analytics where he monitored European equity market risk. Previously, he was in a quantitative risk management role at Banca Intesa SpA in London, covering their exotic equity derivatives book.
David holds a PhD in Medical Statistics from the University of Cambridge, UK, and MSc and BSc degrees in Mathematics from Imperial College, London.
Megan Morgan is Global Head of Equity and Index Sales at Eurex, one of the world’s leading derivatives exchanges. Megan started at Eurex in 2011 and spearheaded the Exchange’s successful efforts to grow the VSTOXX® futures market as Head of VSTOXX® Global Sales. Prior to Eurex, Megan worked for European Climate Exchange, where she built US-participation in the EU Carbon Market. Megan holds an MBA from the University of Chicago Booth School of Business and an undergraduate degree from the University of North Carolina at Chapel Hill. In 2015, Megan launched One Refugee Child, a project-based non-profit helping Syrian refugee children. In a former life, Megan played professional golf on the Futures Mini Tour.
Paul Britton is Capstone’s Founder and Chief Executive Officer. Paul focuses on setting the firm’s strategy, developing our culture, attracting key talent and overseeing the execution of investment and business functions. Paul began his career with Saratoga Limited, trading options on the London International Financial Futures and Options Exchange (LIFFE), and co-founded Mako Global Derivatives in 1999. In 2001, Paul moved to New York to establish and manage Mako’s U.S. operations, the buyout of which he led to form Capstone in 2004. Paul is immensely proud of the progress made by the team at Capstone over the years, and by the strong relationships we have been fortunate to build with our investors.
Paul currently serves on the Boards of the US Soccer Foundation, The Tate America’s Foundation and Friends Seminary School in New York City.
Paul received a B.A. degree in European Business Finance from London Metropolitan University.
Rishabh “Rish” Bhandari is a Senior Portfolio Manager on the Solutions platform. Rish finds his role challenging, dynamic and stimulating every day and enjoys the opportunity to collaborate internally and work with investors daily in a constantly evolving environment. Rish joined Capstone in 2016 with experience in trading, pricing and risk managing the instruments that are the cornerstone to the Solutions platform. Most recently, Rish worked as Managing Director on the Equity Derivatives desk at Nomura after spending eight years as Head of the Equity Structured Products Trading Desk at Credit Suisse. Rish began his career in similar roles at both Lehman Brothers and Barclays Capital.
Rish received a B.Eng. degree in Electronics from Mumbai University and an M.Sc. in Financial Engineering from Columbia University.
Derek Devens, CFA, joined the firm in 2016. Derek is a Managing Director and Senior Portfolio Manager of the Option Group. Prior to Neuberger Berman, Derek was responsible for both Research and Portfolio Management at Horizon Kinetics. Derek was a member of the Investment Committee and responsible for co-managing the Kinetics Alternative Income Fund and various separate account strategies. Prior to Horizon Kinetics, Derek was a Vice President with Goldman Sachs’ Global Manager Strategies Group where he was responsible for conducting investment manager research. Previously, Derek worked in fixed income portfolio management at both Fischer Francis Trees & Watts as well as Bond Logistix. He received a BS in Civil Engineering from Princeton University and an MBA from New York University. He has been awarded the Chartered Financial Analyst designation.
Mr. Tobias Hekster, Co-Chief Investment Officer of True Partner Capital USA in Chicago, has been actively trading for the past 22 years in various different roles in several markets across the globe. Starting at IMC in 1998 as a pit trader in Amsterdam, Tobias has established the off-floor arbitrage desk, headed the Chicago office in the transition from floor trading to electronic trading and set up the Asian volatility arbitrage desk in Hong Kong. Tobias holds an MSc in Economics and has taught as an Adjunct Associate Professor at the Chinese University of Hong Kong and as an Adjunct Professor of Financial Practice at National Taiwan University.
Pierre de Saab is a Partner and Head of Asset Management at Dominicé & Co – Asset Management. Since joining Dominicé in 2010, Pierre de Saab has significantly contributed to the development of the company’s flagship volatility strategy. Today, he heads the investment team’s research and trading operations, as well as the company’s business development strategy.
Prior to joining Dominicé, Pierre held senior roles at Credit Suisse, as well as UBS in Zurich, London and New York, where he built and led several equity derivatives trading desks. During his career, he gained significant experience in designing risk management and trading systems. He has also developed proprietary trading strategies and innovative derivative products for hedge funds and sophisticated institutional investors.
Pierre earned a Masters in Mathematical Engineering from the Swiss Federal Institute of Technology in Lausanne (EPFL), a Masters in Real Estate from the University of Geneva and an MBA from INSEAD.
Erin is a Vice President in New York working in the Equity Derivatives Sales group covering hedge fund clients. In her role, Erin facilitates flow and structured derivatives transactions for long/short, multi-strategy and volatility funds. Erin is also involved in several mentorship and recruiting initiatives at the firm. She joined Goldman Sachs in 2018.
Prior to joining the firm, Erin worked at Citi from 2007-2018. During the majority of her time there, she covered hedge funds and asset managers within Equity Derivatives. Before that, she worked in the Institutional Equity Sales group and also spent five years working within Citi’s Fixed Income Capital Markets division, primarily working as a member of the Investment Grade Syndicate Desk. Erin earned a BS in Economics and Finance from Niagara University in 2007.
Will Bartlett is the Chief Executive Officer of Parallax Volatility Advisers. Will has been involved with equity options since 1995 and has been with Parallax since 1996. In his more than 20 years at Parallax, Will has played an active role transforming the firm from a small, floor-based equity options trading operation into a large participant in the global volatility market. Parallax manages a complex portfolio of listed and over the counter volatility positions on global equities, indexes, ETFs, and commodity futures. Prior to joining the Parallax, Will worked on the floor of the Pacific Coast Exchange while earning his Bachelor’s degree in Economics at the University of California, Berkeley. Will proudly serves on the Board of Governors of the Boys and Girls Clubs of San Francisco, the Board of Trustees of Town School for Boys, and is a member of The Guardsmen, an organization helping
at-risk youth by providing scholarships, support, and outdoor education programs to students in the San Francisco Bay Area.
Peter joined Man Group as Head of Institutional Hedging in June 2018 from Paloma Partners where he was responsible for managing a global volatility portfolio and a multi-asset tail hedge protection plan. He started his career with Goldman Sachs in Tokyo before moving on to Soros as a volatility PM and then later launching and managing a $400 million volatility hedge fund seeded by Tudor Investment. Peter holds a degree in Accountancy from Wake Forest University and also studied in Japan at Tokai University.
Alexis Maubourguet is the Lead Portfolio Manager for the 1798 ADAPT Fund. He joined LOIM in Geneva in November 2019. Alexis was formerly a Volatility Portfolio Manager at Argentière Capital in Zug for over three years, where he launched and managed their Relative Value Opportunities fund. Prior to Argentière, Alexis was a Portfolio Manager on the Global Emerging Markets and Macro Fund at BTG Pactual in London. Alexis also spent almost a decade trading derivatives on the sell side for JPMorgan and Deutsche Bank in New York and London.
Alexis earned Bachelor’s and Master’s degrees in Economics and Applied Mathematics from the Ecole Polytechnique in Paris, as well as a Master’s degree in Mathematics in Finance from NYU’s Courant Institute of Mathematical Science. He is a CFA Charterholder.
Pav Sethi is the Founder and Chief Investment Officer of Gladius Capital Management, an asset-management firm focusing on derivative strategies and products for institutional clients. Prior to founding Gladius, Mr. Sethi was a Managing Director at Citadel serving as the Global Head of the Volatility Arbitrage Group. He was previously a Portfolio Manager in the Volatility Arbitrage Strategy at J.D. Capital Management and began his career at Morgan Stanley in Europe as an equity derivatives trader.
Mr. Sethi has pioneered a number of novel derivative structures and engaged in multiple landmark transactions. His focus most recently has been on structuring large scale derivatives programs as tools for portfolio allocation and optimization for some of the largest pension and endowment plans in the United States. Previously, Mr. Sethi engaged in some of the earliest risk syndication programs during the early 2002 period and completed some of the first complex volatility based transactions between hedge funds and investment banks.
Pav holds a bachelor’s degree in chemistry from Cornell University and a master’s degree in mathematics from the University of Chicago. He is a Fellow of the 2017 class of the Aspen Finance Leaders Fellowship and a member of the Aspen Global Leadership Network.
Daniel Stone (Principal and Portfolio Manager) – Daniel Stone is one of the co‐founders of Ionic, where he focuses on managing the firm’s interest rate, currency and credit strategies for the Volatility Funds. He has over 22 years of experience managing relative value arbitrage and long volatility strategies across multiple asset classes. Mr. Stone was formerly a Managing Director and Portfolio Manager in the US and European Volatility and Credit Arbitrage Group at Highbridge. He joined Highbridge in 1996 where he traded convertible bonds and equity, interest rate and credit derivatives. Mr. Stone earned an AB in Economics magna cum laude from Harvard College.
Eric Render is a Managing Director of Blue Owl and a member of the Dyal Business Services Platform. Eric has 18 years of industry experience across media, consulting and asset management. He is primarily responsible for managing relationships with institutional investors based on the West Coast, Alaska and Hawaii. Prior to joining Dyal, Eric was a member of Neuberger Berman’s marketing department, focusing on International Equities, Emerging Markets and REITs. Before joining Neuberger Berman in 2007, Eric worked at the U.K. news agency, Adfero, while studying contemporary U.K. politics at the London School of Economics’ Hansard Research Scholars Programme. He has a BA in English from the Pennsylvania State University.
Chloe Duanshi is a Managing Director and the Head of Quantitative Research & Portfolio Construction for Rockefeller Capital Management. She is a member of the firm’s Management Committee.
As the Head of Quantitative Research & Portfolio Construction, Chloe is responsible for developing broad capital market outlook across asset classes as well as designing strategic and tactical asset allocation guidance for the Rockefeller Global Family Office. Chloe is also focused on working with clients to construct bespoke, institutional-caliber portfolios with traditional and alternative investment solutions, utilizing proprietary portfolio construction techniques that seek to identify and capture a diversified collection of unique, fundamental return drivers.
Before joining Rockefeller, Chloe was a cross-asset strategist at Morgan Stanley, where she specialized in asset allocation and portfolio construction for ultra-high net worth individuals, single family offices, endowments, and foundations. Prior to that, Chloe spent a number of years at BNP Paribas in equities and commodities derivatives.
Chloe received her B.S. degree, magna cum laude, from the Sibley School of Mechanical & Aerospace Engineering at Cornell University and M.A. degree in Mathematics from Columbia University. Chloe is a CFA® charterholder.
Dulari’s investment career began in 2000 and she joined NEPC in 2006. Dulari is involved in NEPC’s hedge fund research and due diligence activities, in addition to providing consulting services for the non-traditional asset classes of NEPC’s various clients. Dulari is the Co-Head of NEPC’s Impact Investing Committee. Dulari is also frequent speaker at industry conferences on the topic of Impact Investing. Prior to joining NEPC in August of 2006, Dulari was Vice President of Operations of the Hedge Fund at Venus Capital Management. Dulari received her M.B.A. from the University of Massachusetts, Amherst and holds L.L.B. and B.S. degrees from the University of Mumbai. Dulari has attained both of the Chartered Financial Analyst and Chartered Alternative Investment Analyst designations. She is also a member of the Boston Security Analysts Society.
Pascale is an Investment Officer at CN Investment Division in Montreal working in the Absolute Return group. In her role, Pascale develops and executes strategies as part of a Portable Alpha mandate and a Downside Protection mandate.
Prior to joining the firm, she worked at National Bank as a member of the Exchange Traded Funds market making team. Before that, she worked in the actuarial consulting group at Mercer.
Pascale holds a Bachelor’s Degree in Mathematics and Actuarial Science, as well as a Master’s Degree in Mathematical Finance and, in 2015, was awarded the Women in Financial Markets Scholarship from National Bank.
Sandrine Ungari joined Societe Generale in 2006 as a quantitative analyst within Global Research. She was then successively promoted to deputy head of Quant research and head of the Cross-Asset Quantitative Research group. Sandrine’s team is active in systematic quantitative strategies, machine learning, derivatives overlays and portfolio risk modeling. The team has been recognized as a market leader in quantitative research. It was ranked #1 in the latest Extel survey in this category and is the recipient of the Research House of the Year award from Risk Awards. Prior to that, Sandrine worked as a quantitative analyst at HBOS Treasury and at Reech Sungard in London. She holds a Master of Science from Ecole Nationale des Techniques Avancees and a Master in Quantitative Finance from Paris VI University.
Ari Bergmann is Penso’s Founder and Managing Principal/CIO. He leads the firm’s investment committee and manages various Penso funds and clients’ mandates.
Dr. Bergmann founded Penso Advisors, LLC in early 2010 to offer systemic risk management and implement hedging strategies for asset managers and institutional investors through managed accounts. Since its founding, Penso has expanded its services to include management of discretionary global macro and risk mitigation strategies through private funds and bespoke funds of one.
Between 1997 and 2010, Dr. Bergmann was CEO of Sentinel Advisors, LLC, manager of the Citadel Master Fund (derivatives arbitrage); Sentinel Symphony, LLC, manager of the Symphony FOHF (multi-manager fund of hedge funds) and Penso Capital Markets, LLC, manager of risk overlays.
Prior to his role in overseeing these firms, Dr. Bergmann was employed at Bankers Trust from 1989 to 1997. In 1989, he joined Bankers Trust’s U.S. Interest Rate Derivatives trading desk and managed this unit during 1992 and 1993. During this period, he was active in the development of structured notes, index-amortizing swaps, time swaps, binary options and other derivative products. From late 1993 until his departure in 1997, he headed the Risk Merchant Bank and the Transaction Development Group at the bank. He founded the latter to integrate Bankers Trust’s finance and derivative capabilities to offer enhanced corporate finance products to corporate clients. In this capacity, he led a team that created a derivatives structure that was widely used in the privatization of many large European companies. He also developed derivatives and trading strategies used by several corporations in the implementation of strategic acquisitions. During his tenure at Bankers Trust, Dr. Bergmann was a Senior Managing Director and a pioneer in the field who helped create and implement the initial swaps on hedge funds.
From 1987 through 1989, Dr. Bergmann was an Assistant Vice President at Drexel Burnham Lambert Trading Corp., working in precious metals and commodity trading. From 1986 through 1987, Dr. Bergmann was a staff accountant at Price Waterhouse in New York.
Dr. Bergmann holds a Master’s in Liberal Studies and a Ph.D. in Comparative Religion, both from Columbia University.
Jerry has 34 years of experience in the financial markets.
Jerry was instrumental in the establishment of the futures and options market in South Africa. He also traded government bonds for a large discount house before being appointed Head of Equity Derivatives for one of South Africa’s largest and most successful merchant banks,
In 1996, Jerry founded Peregrine Holdings Ltd. The company offered a range of services but its main niche was designing derivative strategies for institutional clients. Peregrine enjoyed early success under his management culminating in a stock exchange listing in 1998.
In March 2001, Jerry co-founded 36 South Investment Managers Limited. The firm moved to London, UK, in 2009, and operates as 36 South Capital Advisors LLP.
Christian Kober is a Derivatives Strategist at Capula Investment Management LLP having joined the firm in July 2019. In this role, Christian works closely with the firm’s investment, strategy and investor relations teams. Christian was previously the Head of European Equity Derivative Strategy in Barclays’ Pan European Equity Research in London from 2010 to 2019 where he was ranked #1 in the 2016 and 2017 Extel survey. Earlier in his career, Christian worked at Morgan Stanley as Lead Analyst for European Equity Derivative Strategy and in Quantitative Equity Prop Trading. Christian began his career at SG Securities in 2001 where he was an equity research analyst, covering the transportation sector.
BBA, University of Saarbrücken, 1998
MBA, Leipzig Graduate School of Management, 2001
Chartered Financial Analyst (CFA)
Dr. Deep Kumar is a Principal and a Portfolio Manager for III Capital Management’s asymmetric portfolio business. He leads the firm’s option trading efforts and is a member of the Management Committee. Dr. Kumar joined the firm in March 2003 and has been with the firm since that time, except for a ten-month period during 2010. Previously, Dr. Kumar was at BNP Paribas in New York, where he was the Chief Risk Officer for the USD rates group and oversaw the day-to-day risk taking by the group. Dr. Kumar has also done a great deal of work on volatility smiles and skews, much of which is used by a number of Wall Street firms for pricing and managing risks associated with options. He is the co-author of “Managing Smile Risk,” published in Wilmott Magazine in July 2002. Dr. Kumar holds a PhD (1994) in hypersonics from Cranfield University, UK, as well as an MSc (1991) in aerodynamics and an MA (1990) in engineering both from Cambridge University, UK.
Grant Jaffarian is the Portfolio Manager of Crabel Advanced Trend and a member of the firm’s Executive Committee. Grant joined CCM in 2014 as part of its acquisition of AlphaTerra where he was the Founder and Chief Investment Officer. Prior to launching AlphaTerra in April 2013, Grant served as the Chief Investment Officer at Efficient Capital Management. He began his career at Belgium-based Analytic Investment Management, a high turnover futures manager acquired by Robeco Bank. From there, he went on to found Petra Intraday, a short-term systematic investment manager, before joining Efficient. Grant earned a bachelor’s degree from Wheaton College where he majored in English and holds an MBA with a concentration in economics from the University of Chicago.
Tim McCourt serves as CME Group’s Managing Director and Global Head of Equity Products and Alternative Investments. He is responsible for leading the company’s global Equity Index product line. He also serves on the S&P Dow Jones Indices U.S. Advisory Panel.
Before joining CME Group in 2013, McCourt worked for the Royal Bank of Scotland, where he was responsible for building and managing the Americas Index and Delta One trading book. Prior to RBS, he held a senior trading role with JPMorgan in New York, spending 10 years with the Equity Derivatives Group.
McCourt holds a bachelor’s degree in political science from Boston College and a MBA from The University of Pennsylvania’s Wharton School.