Advisory Board

Jean-Philippe Bouchaud is the Chairman and Chief Scientist at Capital Fund Management S.A. Dr. Bouchaud was appointed as the Chairman and Chief Scientist in October 2001. He supervises the research team of the firm and contributes by maintaining strong links between the firm’s research and the academic world. Dr. Bouchaud founded Science & Finance SA in 1994. He joined the Service de Physique de l’État Condensé at the Commissariat à Energie Atomique at Saclay, France. Dr. Bouchaud worked for a year at the Cavendish Laboratory in Cambridge. He was a Researcher at the Centre National de la Recherche Scientifique until 1992. Dr. Bouchaud is a well-known authority within the field of Econophysics. He is also the Editor in Chief of Quantitative Finance. Dr. Bouchaud earned a Ph.D. in Theoretical Physics from the École Normale Supérieure in Paris, France. He studied at the French Lycée in London.

Peter Carr is the Chair of the Finance and Risk Engineering Department at NYU Tandon School of Engineering. He has headed various quant groups in the financial industry for the last twenty years. He also presently serves as a trustee for the National Museum of Mathematics and WorldQuant University. Prior to joining the financial industry, Dr. Carr was a finance professor for 8 years at Cornell University, after obtaining his Ph.D. from UCLA in 1989. He has over 85 publications in academic and industry-oriented journals and serves as an associate editor for 8 journals related to mathematical finance. He was selected as Quant of the Year by Risk Magazine in 2003 and Financial Engineer of the Year by IAQF/Sungard in 2010. From 2011 to 2014, Dr. Carr was included in Institutional Investor's Tech 50, an annual listing of the 50 most influential people in financial technology.

Bob Litterman is the Chairman of the Risk Committee and a founding partner of Kepos Capital. Prior to joining Kepos Capital in 2010, Bob enjoyed a 23-year career at Goldman, Sachs & Co., where he served in research, risk management, investments and thought leadership roles. He oversaw the Quantitative Investment Strategies Group in the Asset Management division. While at Goldman, Bob also spent six years as one of three external advisors to Singapore's Government Investment Corporation (GIC). Bob was named a partner of Goldman Sachs in 1994 and became head of the firm-wide risk function; prior to that role, he was co-head of the Fixed Income Research and Model Development Group with Fischer Black. During his tenure at Goldman, Bob researched and published a number of groundbreaking papers in asset allocation and risk management. He is the co-developer of the Black-Litterman Global Asset Allocation Model, a key tool in investment management, and has co-authored books including The Practice of Risk Management and Modern Investment Management: An Equilibrium Approach (Wiley & Co.). Bob earned a Ph.D. in Economics from the University of Minnesota and a B.S. in Human Biology from Stanford University. He was inducted into Risk magazine's Risk Management Hall of Fame and named the 2013 Risk Manager of the Year by the Global Association of Risk Professionals. In 2012, he was the inaugural recipient of the S. Donald Sussman Fellowship at MIT's Sloan School of Management. In 2008, he received the Nicholas Molodovsky Award from the CFA Institute Board as well as the International Association of Financial Engineers/SunGard Financial Engineer of the Year Award. Bob serves on a number of boards, including Commonfund, where he was elected Chair in 2014, Options Clearing Corporation, Resources for the Future, Robert Wood Johnson Foundation, the Sloan Foundation and World Wildlife Fund.

William Martin is Chief Risk Officer of ADIA, responsible for enterprise-wide risk-adjusted portfolio analysis, investment risk, credit risk, operational risk, and compliance. Previously, he was chief risk officer of Commonfund, where he was a member of the senior executive group, investment committee and systemic risk committee. Prior to this he was chief risk officer for Bank of America’s investment management businesses, including Columbia Management, alternative investments, proprietary hedge funds and private equity. Previously he was global head of risk management at the Royal Bank of Scotland, responsible for enterprise-wide credit, market and operational risk and global head of investment risk management & performance at INVESCO. He is chairman of the Board of Trustees for the Global Association of Risk Professionals, is on the advisory board of the Weismann Center for International Business, City University of New York, and is a board overseer of the New England Conservatory of Music. Mr. Martin holds a B.B.A. in management science from the Baruch School of Business, City University of New York.

Steven Shreve is the Orion Hoch and University Professor of Mathematics at Carnegie Mellon University, where he co-founded the CMU Master’s degree in Computational Finance, now in its 19th year, with campuses in New York and Pittsburgh. Shreve received his MS in electrical engineering and his PhD in mathematics from the University of Illinois. Shreve has also been a faculty member of the University of California at Berkeley and Massachusetts Institute of Technology. Shreve’s book “Stochastic Calculus for Finance” won the 2004 Wilmott award for “Best New Book in Quatitative Finance.” Shreve is co-author of the books “Brownian Motion and Stochastic Calculus” and “Methods of Mathematical Finance,” advisory editor of journal “Finance and Stochastics,” and past-President of the Bachelier Finance Society. He has published over forty articles in scientific journals on stochastic calculus, stochastic control, and the application of these subjects to finance, including the effect of transaction costs on option pricing, the effect of unknown volatility on option prices, pricing and hedging of exotic options, and models of credit risk.