Chief Risk Officer
Mrs. Hull joined Aspect Capital in June 2008 and was appointed to Aspect's Executive Board as Chief Risk Officer in February 2017. Mrs. Hull is in charge of Aspect's Risk team, which is responsible for the oversight of all market, model and operational risks across Aspect. Additionally Mrs. Hull is a member of the Risk Management Committee. Between February 2014 and February 2017, Mrs. Hull held the role of Director of Risk within Aspect's Risk Team. Prior to becoming Director of Risk, Mrs. Hull was Aspect's Director of Product Management. In this capacity, Mrs. Hull led the Product Management team in its role of providing transparency and quantitative expertise to Aspect's clients. Before joining Aspect, Mrs. Hull was a Senior Portfolio Manager at Old Mutual Asset Managers (UK), an asset management firm owned by the international financial services company Old Mutual. Mrs. Hull joined Old Mutual Asset Managers (UK) in August 2004 and left in May 2008, and was responsible for managing a range of quantitative hedge fund strategies and long-only portfolios. In January 2003, Mrs. Hull joined Northern Trust Global Investments (the asset management division of Northern Trust, a global financial services company) as part of its acquisition of the quantitative investment divisions of Deutsche Asset Management. Mrs. Hull was a Senior Portfolio Manager there, and left in July 2004. Mrs. Hull joined Deutsche Asset Management, then known as Morgan Grenfell, in August 1998. Deutsche Asset Management was the global asset management division of Deutsche Bank, the global banking firm. Mrs. Hull worked as a Quantitative Portfolio Manager at Deutsche Asset Management until January 2003, transferring to Northern Trust as part of the acquisition. Mrs. Hull holds an MA in Mathematical Sciences from Oxford University. She is also a Certified FRM and a CFA charterholder.
An Interview with Anna:
1. Please, can you give us an insight into what your session at RiskHedge Europe/USA will cover and why this topic is of interest to you at present?
We will be debating the risks of big data and of data protection in general. This is very topical right now because it covers two of the biggest buzz-topics in the industry: cyber security and big data. They are quite separate issues but they highlight both the opportunities and challenges that unparalleled levels of computer power and global inter-connectedness bring.
2. How do you see technology changing the Hedge Fund industry in your day-to-day work?
Technology allows us right now to calculate millions upon millions of risk measures very rapidly. Hopefully, in the not-too-distant future, technology will help us to sift through this myriad of statistics and identify the most relevant ones.
3. ‘Political risk' is by its nature very ephemeral - what will be the biggest political risk in 2018 and how can the Hedge Fund industry prepare better for the next ‘political shock'?
The biggest political risk in 2018 is a major war or significant escalation of hostilities involving a G10 nation. Memories are very short in finance and the Hedge Fund industry, as ever, could benefit from reading its own history book from time to time.
4. The Hedge Fund industry is unique in how each fund is different from the next. Is there a danger that current changes in data provision, automation and regulation will cause the industry become more commoditised?
I don't fear that regulation will make the industry become more commoditised. My concern is rather that increasing effort is spent on producing supposedly normalised information that brings little benefit to either the regulator or the investor.
Deputy CEO, Global Head of Government Affairs
Jiří Krόl, Deputy CEO, Global Head of Government Affairs, joined AIMA in April 2010.
Jiří started his career at the Czech securities market regulator. He then moved to the European Commission's Internal Market Directorate-General, where he was responsible for the drafting and negotiation of the Markets in Financial Instruments Directive (MiFID) implementing measures. Previously, Jiří was appointed financial markets policy director in the Czech Ministry of Finance in 2007. In 2009, he led the Czech European Union Presidency's work in the area of financial services. Jiří studied International Relations, Economics and Politics at Tufts University, London School of Economics and Sciences Po.
MERCER SENTINEL GROUP
Mitchee is the European Director of the Mercer Sentinel® Group in Mercer Wealth. Mercer Sentinel is a specialist group dedicated to providing operational consulting on areas including investment manager operational risk assessments, operational risk consulting, transition coordination/transition manager selection, global custody consulting and securities lending.
Mitchee is responsible for the European business strategy and leadership of the European team of c. 25 people. She is based in the London office.
Mitchee joined Mercer in 2011 with 14 years prior experience in the investment industry specialising in operations. She was previously the head of operational due diligence at Caliburn Capital Partners and Pamplona Capital, two London based fund of funds. Mitchee was responsible for establishing and managing the operational due diligence process for AuM of over $1bn and has designed a bespoke operational due diligence system. Prior to that Mitchee worked for Citco in Canada and went on to launch the Citco office in San Francisco. Mitchee has in-depth experience of investment operations since 1997, with over 10 years of experience dedicated to asset management and hedge fund operations. Through her career, she has spent time in Toronto and San Francisco and is now London based since 2005.
Mitchee is also a Mentor for the Cherie Blair Foundation for Women, focused on developing women's micro, small and medium enterprises into growing and sustainable businesses.
Mitchee holds an Honours B.A. degree in Political Science from the University of Toronto.
WILLIS TOWERS WATSON
Matthew is a Portfolio Manager in the Delegated Investment Services team at Willis Towers Watson. He is responsible for decision making on a range of delegated and fiduciary pension fund portfolios as well as being Portfolio Manager for the Towers Watson Partners Fund. The aim of this fund is deliver attractive risk-adjusted returns by investing with a wide range of innovative third party fund managers across all asset classes.
Prior to his current role, Matthew was Head of Multi Strategy Hedge Fund research, responsible for research on a multitude of hedge fund disciplines. He also developed the firm's multi asset research initiative focusing on Diversified Growth, Risk Parity and Absolute Return. One of his key projects involved the research and development of alternative beta strategies through relationships with asset managers.
Separately, Matthew is a keen contributor to press articles and has authored several research pieces on topics including currency, trend following and Risk Parity. Matthew has also participated in detailed projects with large institutional investors and wealth management groups, helping them with governance challenges and problem solving. He has been a mentor for candidates looking to become CFA charterholders, a senior member of the fixed income manager research group and a regular speaker at the firm's Ideas Exchange conferences.
Matthew Sargaison is the Co-CEO for Man AHL (‘AHL'), with overall responsibility for investment management and research. He is also a member of the Man Executive Committee. Matthew served as Chief Risk Officer between 2009 and 2012, prior to which he spent 13 years working at Deutsche Bank, Barclays Capital and UBS. He originally worked for AHL from 1992 to 1995 as a trading system researcher and institutional product designer. Matthew gained his BA/MA in Mathematics from the University of Cambridge in 1991 and a Masters in Advanced Computer Science from the University of Sheffield.
Head of Risk Analysis
David Allen is the Head of Risk Analysis for Amundi's (formerly Pioneer Investments) Fund of Hedge Funds business where he is responsible for operational due diligence and risk. David has been a member of the Fund of Hedge Funds Investment Committee since 2010, prior to which he served as Chief Administration Officer for the alternatives business from 2004 to 2010. Prior to joining Pioneer in 2004, David served as the Finance Manager for KBC Alternative Investment Management in London and Head of Hedge Fund Administration for Deutsche Bank in Ireland. David qualified as a Chartered Accountant with PricewaterhouseCoopers in 1997 and holds a B.Comm and M.Acc from University College Dublin.
Stephen Oxley, IMC is Vice Chairman and a member of PAAMCO's Account Oversight Committee. He is involved in all stages of the investment process. Prior to joining PAAMCO, Stephen was a partner and Senior Investment Consultant at Watson Wyatt, LLP in London, where he provided investment advice to a number of large pension fund clients. In addition, he was head of the hedge fund research team and took part in the management of that firm's investment practice. Stephen is a frequent guest speaker at investment conferences and writes regularly in various industry publications. In 2012 he was awarded the Lifetime Achievement Award by Hedge Funds Review in recognition of his long standing service to and championship of the global Fund of Hedge Funds industry. He has completed the three investment management programmes at London Business School and in addition holds the Investment Management Certificate. Stephen has thirty years of investment management experience with institutional investors.
Partner, Chief Executive Officer
Robert Savage is a Partner and the Chief Executive Officer of CCTrack Solutions. Prior to forming CCTrack Solutions, he was the COO at FX Concepts. Prior to FX Concepts, Mr. Savage was Managing Director of FX Macro Sales at Goldman Sachs, where began to publish widely-read and insightful research focusing on the FX markets and the macroeconomic environment. Prior to his 23 years with Goldman Sachs, Mr. Savage was the Head of New York Foreign Exchange Trading for Lehman Brothers and a Director of Proprietary Trading at Bank of America Securities. Mr. Savage received a BA in Political Philosophy from Yale University.
Chief Risk Officer
ARROWGRASS CAPITAL PARTNERS
Darren joined Deutsche Bank's DB Omnis proprietary trading unit as Chief Technology Officer (CTO) in September 2007, to assist in the group's spinout to form Arrowgrass, which launched in February 2008. He was named partner in July 2012 and subsequently assumed the dual role of Deputy Chief Risk officer the following year. In May 2015, Darren was promoted to be Chief Risk Officer. Previously, Darren was Global Head of Volatility Technology at Lehman Brothers and has also worked in a number of quant and technology roles at several other banks over a twelve year period. Prior to joining the financial sector, Darren spent three years as research fellow at Brunel University, having previously completed his PhD in parallel computing and Artificial Intelligence.
JANUS HENDERSON INVESTORS
Nick is currently a portfolio manager with Henderson's multi asset desk and is co-manager of the firm's diversified growth fund. Prior to this Nick was a quantitative risk manager at Henderson, responsible for over £35bn of assets. He has seven years' experience working in risk and quantitative analysis for Man Group, Black Rock and Henderson. Nick's holds a B.Sc. in Economics from Birmingham University, MSc.in Economics from Warwick University and M.Phil in Economics from Oxford University.
Chief Investment Officer
Michael Rosenthal, CIO of Signia, has 20 years of investment management experience with 15 years experience investing in hedge funds across all strategies in Europe, US, Asia Pacific and Japan. Prior to joining Signia, Michael was Global Co-Head of Investment and Head of the London office for Amundi Alternative Investment, the hedge fund arm of SocGen/Credit Agricole. With assets of $28Bil, the business was one of the top 5 institutional hedge fund investors in Europe. Prior to Amundi, Michael was a Portfolio Manager at JPMorgan Asset Management where he managed Asian equity portfolios and the firm's Japan L/S Equity Hedge Fund. Michael was awarded the 2017 Wealth Adviser Award for Alternative Investments for his 3 year portfolio performance.
Deputy Head of Aberdeen Solutions
ABERDEEN ASSET MANAGEMENT
Ian McDonald is Deputy Head of Aberdeen Solutions with responsibilities covering all aspects of the day-to-day running of Aberdeen Solutions with specific focus on the technical delivery across client accounts. He is also a member of the Hedge Fund Investment Committee. Ian joined Aberdeen in 2016 following the acquisition of Arden Asset Management LLC, where he was the Chief Investment Officer. Prior to joining Arden in 2002, Ian worked at Morgan Stanley in the International Prime Brokerage Group. Before joining Morgan Stanley, Ian was an investment consultant at Cambridge Associates in London, focusing on European hedge fund manager research and advising the firm's European client base on their hedge fund investments. Prior to that, he was based in Cambridge's Boston office where he focused on manager selection and due diligence of U.S. hedge funds. Ian graduated with an M.A. (Honours) degree in Economic and Social History from the University of St. Andrews in Scotland.
Chris Jones is Chief Executive of Graham Capital LLP, Graham Capital Management's London-based affiliate, responsible for managing the business operations of GCM's London office as well as the firm's European investor relations. Prior to joining Graham in 2016, Mr. Jones was Managing Director and Head of Investment Advisory at bfinance, an investment consultant, from March 2012 to February 2016, where he advised a variety of global institutional and private clients. From January 2005 to February 2012, Mr. Jones was Chief Investment Officer of Key Asset Management, a fund of hedge funds, where he was responsible for the oversight of the investment and risk management of several funds of hedge funds. Mr. Jones is currently a Fellow of the University of Cambridge, where he lectures postgraduate courses on hedge funds and risk management at the Judge Business School. Mr. Jones received a BA in Mathematics from Oxford University in 1992 and a PhD in Mathematical Finance from the University of Cambridge in 2000.
Head of Funds Risk
Remi is leading the investment risk oversight for Schroder funds. As part of the Group Risk function, he coordinates the liquidity risk and market stress testing initiatives for funds and focuses on the Emerging Market Debt & Commodity asset class, the Infrastructure Finance business and the GAIA alternative fund platform.
BRIDE VALLEY PARTNERS
Stuart MacDonald is Managing Partner at Bride Valley Partners, which bridges the gaps in corporate finance, investment advisory and capital raising for companies, funds and projects across a range of alternative investments and bankable technologies. "A consortium of hedge fund experts" according to the Financial Times, Bride Valley Partners' scope extends across Europe, the Middle East, Asia Pacific and North America. Stuart has raised billions, using an exceptional international network of relevant investor contacts. His industry awards include one for Best Investor Relations globally and two for Outstanding Industry Contribution. He is often invited to Chair and Moderate at top alternative investments conferences. Stuart produces and presents the award-winning alternative investments radio show, the Naked Short Club on London's Resonance (104.4 FM in London or www.resonancefm.com, worldwide). He was Visiting Lecturer in Political Economy at London University and serves as Trustee of several voluntary sector organisations.
Vice President, Portfolio Oversight Manager
TUDOR INVESTMENT CORPORATION
Dr. Santhanam Nagarajan (Nag) joined Tudor in May 2015 and is based in the Greenwich office. Prior to becoming Portfolio Oversight Manager in October 2016, Nag was a Quantitative Analyst. He serves on Tudor's Capital Allocation Committee. Prior to joining Tudor, Nag was a Senior Analyst at Hutchin Hill Capital LP (2014-2015). Prior to joining Hutchin Hill, he worked as a Quantitative Analyst at BlueCrest Capital Management LLP (2011-2014). He also worked as a Market Maker at Deutsche Bank AG (2006-2011). Nag holds a B.S. in Aerospace Engineering from the Indian Institute of Technology (1995), an M.E. in Aerospace Engineering from the Indian Institute of Science (1997), and a Ph.D. in Mechanical Engineering from Stanford University (2004).
FLORIN COURT CAPITAL
Doug Greenig has 25 years of experience in quant portfolio management, trading and risk management. From 2012 to 2014, he was Chief Risk Officer of Man/AHL. Prior to AHL, Doug was a Managing Director working as a quantitative portfolio manager at the Fortress Investment Group beginning in 2006. From 2001 to 2006, Doug was Head of Agency Mortgage Trading at RBS Greenwich Capital. He also managed an 8 person quant prop desk at the firm, beginning in 2000. From 1993 to 1999, Doug worked at Goldman Sachs in New York, as a fixed-income quant proprietary trader. Prior to Goldman, Doug was a Senior Consultant at BARRA.
Doug earned a Ph.D. and an M.S. in Mathematics from the University of California at Berkeley in 1993. He graduated from Princeton University in 1986 with an A.B. in Economics, Summa Cum Laude. He was awarded the Wilson Prize for his thesis in mathematical macroeconomics, which influenced Fischer Black's late work on general equilibrium theory. Doug taught Portfolio and Risk Management with Econometrics at the Courant Institute at NYU in 2010.
Robert is CIO at Neuron, responsible for all aspects of research, strategy design and management. After a PhD in nonlinear modelling and post-doc research and consultancy, he joined the Bank of England in 2000. At the Bank he explored the market impact of option hedging and systematic strategies and managed the market analysis team in the Foreign Exchange Division. Since 2003 Robert has created and managed global macro trading models and teams within hedge funds, initially as Head of Research at London Diversified Fund Management and then at BH-DG Systematic Trading, where he helped establish and subsequently run the portfolio until 2014. Robert joined Neuron Advisers to manage quantitative strategies in 2015.
Robert was a member of the original Hedge Fund Standards Board's Risk Management focus group (2007-2008) where he contributed to drafting best practice recommendations. Robert is a passionate advocate for new industry standards and risk metrics relevant to today's algorithmically driven markets. He writes frequently on industry issues related to investor and trader behaviour, systemic and endogenous risk, the rise of automation and the value of computer simulation. Robert holds an MSc (University of London) and Ph.D. (University of Southampton) in Economics.
Co-founder and Chief Investment Officer
CANTAB CAPITAL PARTNERS
Dr Ewan Kirk is Chief Investment Officer of Cantab. He co-founded Cambridge based Cantab Capital Partners in 2006, which became part of GAM Systematic in October 2016. His daily focus is research and development, risk management and managing the Cantab quantitative team. Prior to founding Cantab, Ewan ran the 120-strong Goldman Sachs Strategies Group in Europe, where he was responsible for all of Goldman Sachs' quantitative technology. Ewan holds a PhD in Mathematics (General Relativity) from the University of Southampton, a Certificate in Advanced Study in Applied Mathematics from the University of Cambridge and achieved a First Class degree in Natural Philosophy and Astronomy at the University of Glasgow.
Chief Risk Officer
Patrick is Chief Risk Officer, responsible for the firm's global Risk Management, including market, credit and operational risk and Compliance functions. He is a member of the CQS Executive Committee and is also a Director of CQS Investment Management Limited.
Prior to joining CQS in 2003, Patrick was an Executive Director and Co-Head of Collateralised Lending Risk Management at Lehman Brothers. Before this, he was Director and Head of Risk Management for European Equity and Credit Trading at CSFB. Prior to joining CSFB, Patrick worked at WestLB where he was Risk Manager for European Equity and Vanilla Interest Rate Trading. Before this, he worked as a Risk Analyst for Global Interest Rate and FX Arbitrage Trading at Tokai Bank Europe. Patrick began his career as an Auditor in the Financial Services Division of Ernst & Young in 1991.
Patrick holds an MA (Hons) in Physiological Sciences (Medicine) from St Anne's College, Oxford.
Chief Investment Officer
Salvatore is the former Head of Portfolio Management within Alpha Strategies at Credit Suisse. While at Credit Suisse, Salvatore also served as Deputy Head of Alpha Strategies, Head of Manager Selection and Strategy Analysis in the Alternative Investments and Mutual Funds Team, and Deputy Head of Hedge Fund Research and Selection in Alpha Strategies. Prior to joining Credit Suisse, in 2004, he was a senior hedge fund analyst and a portfolio manager with BSI SA (Generali Group). Salvatore is a CFA and a CAIA Charter holder.
Head of Machine Learning Technology
Slavi Marinov is Head of Machine Learning Technology at Man AHL (‘AHL'), responsible for everything from hardware through research frameworks to live trading strategies. Prior to joining AHL in 2014, he was Co-founder and Vice President of Engineering for a natural language processing fintech start-up, and before that he performed various senior software engineering and product management roles. Slavi holds a BSc in Computer Science and a Silver Medal from the Balkan Olympiad in Informatics.
Group Head of Risk
La Francaise Asset Management
Pascal Traccucci is Group Head of Risk at La Francaise Asset Management since February 2015. He was previously responsible for enterprise risk management at Allianz Asset Management, holding company of PIMCO and Allianz Global Investors and Global Head of Investment Risk at Invesco in London. After starting his career at JPMorgan in the capital arkets research team he held various positions in portfolio and product management with Invesco in different European locations. He graduated in both business and mathematics from Lyon and Frankfurt universities.