The chicago booth Investment management group is excited to welcome the following speakers to the 2020 event:

Ralph Koijen

AQR Capital Management Professor of Finance

The University of Chicago Booth School of Business

Ralph S.J. Koijen is the AQR Capital Management Professor of Finance at the University of Chicago Booth School of Business. He is also a Research Associate at the National Bureau of Economic Research and a Research Fellow of the Center for Economic Policy Research. He is a co-director of the NBER Asset Pricing program. He serves as a co-editor of the Review of Financial Studies. Professor Koijen was awarded the 2019 Fischer Black Prize by the American Finance Association, given biennially to the top financial economics scholar under the age of 40.

Professor Koijen’s research focuses on finance, insurance, and macroeconomics. His research has been published in the American Economic Review, Econometrica, the Journal of Political Economy, the Quarterly Journal of Economics, the Journal of Finance, the Review of Financial Studies, and the Journal of Financial Economics. His research has been covered in popular media, such as the Financial Times, the Wall Street Journal, and The Economist.

Before joining Chicago Booth in 2018, Professor Koijen was a Professor of Finance at the London Business School and NYU Stern, and an Assistant and Associate Professor of Finance at Chicago Booth. He received his undergraduate degree in Econometrics from Tilburg University and his Ph.D. in Finance from Tilburg University.

Randall Kroszner

Deputy Dean for Executive Programs & Norman R. Bobins Professor of Economics

The University of Chicago Booth School of Business

Randall S. Kroszner is Deputy Dean for Executive Programs and Norman R. Bobins Professor of Economics. Dr. Kroszner served as a Governor of the Federal Reserve System from 2006 until 2009. He chaired the committee on Supervision and Regulation of Banking Institutions and the committee on Consumer and Community Affairs. In these capacities, he took a leading role in developing responses to the financial crisis and in undertaking new initiatives to improve consumer protection and disclosure, including rules related to home mortgages and credit cards. He represented the Federal Reserve Board on the Financial Stability Forum (now called the Financial Stability Board), the Basel Committee on Banking Supervision, and the Central Bank Governors of the American Continent and was a director of NeighborWorks America. Dr. Kroszner chaired the working party of the Organization for Economic Cooperation and Development (OECD), composed of deputy central bank governors and finance ministers, on Policies for the Promotion of Better International Payments Equilibrium. As a member of the Fed Board, he was also a voting member of the Federal Open Market Committee.

From 2001 to 2003, Dr. Kroszner was a member of the President’s Council of Economic Advisers (CEA). He was involved in formulating policy on a wide range of issues, including responses to corporate governance scandals, government-sponsored enterprise reform, pension reform, terrorism risk insurance, tax reform, currency crisis management, sovereign debt restructuring, the role of the International Monetary Fund (IMF), and international trade and development.

Since 1990, Dr. Kroszner has taught at the University of Chicago Booth School of Business. Dr. Kroszner was Director of the George J. Stigler Center for the Study of the Economy and the State. He served as editor of the Journal of Law & Economics and has been associate editor of a number of other academic and policy journals. He was a member of the board of directors at the National Association for Business Economics and the Financial Management Association.

Dr. Kroszner serves as the Chair of the Financial Research Advisory Committee of the Office of Financial Research of the U.S. Treasury. He is a member of the Federal Reserve Bank of Chicago’s Academic Advisory Council and of the board of advisors of the Paulson Institute. In addition, he is a Research Associate of the National Bureau of Economic Research. He is member of the board of trustees of the Chicago Symphony Orchestra and a member of the board of directors of the Renaissance Society.

Dr. Kroszner has been a visiting scholar at the Securities and Exchange Commission, the IMF, the Stockholm School of Economics, the Stockholm University, the Free University of Berlin, Germany, the London School of Economics, and the American Enterprise Institute. He was the John M. Olin Visiting Fellow in Law and Economics at the University of Chicago Law School the Bertil Danielson Visiting Professor of Banking and Finance at the Stockholm School of Economics, and the SK Chaired Visiting Professor at Yonsei University, Seoul, Korea.

His research interests include regulation of financial institutions, international financial crises, the Great Depression, monetary economics, corporate governance, debt restructuring and bankruptcy, and political economy. His paper on managerial stock ownership (with Clifford Holderness and Dennis Sheehan) won the Brattle Prize for best corporate finance paper in the Journal of Finance. His book co-authored with Nobel laureate Robert J. Shiller, Reforming U.S. Financial Markets: Reflections Before and Beyond Dodd-Frank (MIT Press) appeared on the Washington Post’s Book World political best sellers list.

Dr. Kroszner is a frequent commentator in the international media. He provides advice to financial institutions, government organizations, and central banks throughout the world.

Dr. Kroszner received a Sc.B. (magna cum laude) in applied mathematics-economics (honors) from Brown University in 1984 and an M.A. (1987) and Ph.D. (1990), both in economics, from Harvard University.

Stephanie Braming

Partner & Global Head of Investment Management

William Blair

Stephanie Braming, CFA, Partner, is the global head of William Blair Investment Management. She is also chairman of the board of trustees and president of the William Blair Funds, chairman of the William Blair SICAV, and serves on the firm’s executive committee. She is responsible for leading and setting the strategic direction for Investment Management, including broadening, deepening, and evolving the firm’s investment capabilities. She also chairs the leadership team for Investment Management and serves on the firm’s global inclusion council. Before assuming leadership of William Blair Investment Management in 2017, Stephanie was a portfolio manager for the International Growth and International Small Cap Growth strategies. Joining the firm in 2004, she was instrumental in portfolio construction and portfolio design and had a leadership role in the enhancement of the firm’s systematic research tools. Stephanie also served as portfolio manager for the Japan strategy from inception in 2013 to close in 2015. Before joining the firm, she was a principal at Mercer Investment Consulting, where she was responsible for the strategic investment direction of her institutional clients. She also previously worked at the Federal Reserve Bank of Chicago. Stephanie is a member of the CFA Institute and the CFA Society Chicago, where she served on the society’s board of directors, the Economic Club of Chicago, and The Chicago Network. She also serves on the boards of the Museum of Science and Industry and Working in the Schools (WITS), the largest literacy organization serving Chicago Public School students. Stephanie received a B.A. from DePauw University and an M.B.A. from the University of Chicago’s Booth School of Business.

Shundrawn Thomas

President, Asset Management

Northern Trust

Shundrawn A. Thomas serves as President of Northern Trust Asset Management where his responsibilities include developing long-term strategy, executing operating plans, cultivating client relationships, managing vendor relationships and developing talented professionals. He also serves as a member of the Management Group for Northern Trust Corporation.

Previously, Shundrawn served as Executive Vice President, Head of Funds and Managed Accounts. In this capacity he oversaw the development, management and distribution of Northern Funds, Northern Institutional Funds, FlexShares Exchange Traded Funds as well as the Managed Accounts practice which provides investment advisory solutions to clients. Shundrawn also served as President and Chief Executive of Northern Trust Securities, Inc., a wholly owned subsidiary of Northern Trust Corporation. Prior to joining the asset management executive team, Shundrawn served as Head of Corporate Strategy for Northern Trust Corporation. As a direct report to the Chief Executive Officer, he supported executive management with key strategic planning initiatives. Prior to joining Northern Trust, Shundrawn served as a vice president for Goldman Sachs and held positions in sales, trading and research with Morgan Stanley.

Shundrawn received a B.S. degree in accounting from Florida A&M University and an MBA degree from the University of Chicago Booth School of Business. He has also completed executive education programs in corporate strategy at Chicago Booth School of Business and corporate governance at University of Notre Dame Mendoza School of Business. Shundrawn currently holds FINRA series 7 and 63 securities licenses. Shundrawn currently serves as a trustee for Wheaton College and as a board director Museum of Science & Industry, Chicago. Shundrawn is a member of the Economic Club of Chicago. His civic involvement has afforded him the opportunity to present and lecture nationally on topics including leadership, strategy, investment management and professional development.

Starr Marcello

Deputy Dean for MBA Programs

The University of Chicago Booth School of Business

Starr Marcello oversees the strategic development of the Polsky Center and works with University of Chicago students, faculty, and staff to launch the next generation of high-impact ventures as the Polsky Center’s executive director. She has been with the Center since 2005.

She runs the Edward L. Kaplan New Venture Challenge (NVC), which awards over $1M in funding and services to top entrepreneurial companies each year. The NVC is ranked the #1 university accelerator program in the nation. Since 1996, the NVC has fostered more than 800 start-ups, with 180+ that are still in operation and growing strong, has created thousands of jobs, and has produced exits of over nearly $6 billion, including Grubhub (NYSE: GRUB) and Braintree (acquired by eBay’s PayPal for $800 million). In 2017, Starr testified before the U.S. Congress’ Committee on Small Business on the role of accelerator programs in creating new jobs and positively influencing economic development.

With funding from the National Science Foundation, Starr launched the Polsky Center I-Corps Program and helped designate the University of Chicago as an official I-Corps site in 2014. Through this interdisciplinary program, Starr teaches the customer development process and human-centered design to researchers and technologists on campus with the goal of helping teams test the commercial viability of their STEM (science, technology, engineering, and math) projects.

Starr sits on the Executive Advisory Board of TechWeek and has been a board member for United States Association for Small Business and Entrepreneurship (USABE).

Starr holds a BA from Wesleyan University and both an MA and MBA from the University of Chicago.

Mark Kiesel

Managing Director & CIO Global Credit

PIMCO

Mr. Kiesel is CIO Global Credit and a managing director in the Newport Beach office. He is a member of the Investment Committee, a generalist portfolio manager and the global head of corporate bond portfolio management, with oversight for the firm’s investment grade, high yield, bank loan, municipal and insurance business as well as credit research and PIMCO's actively managed equity business. Morningstar named him Fixed-Income Fund Manager of the Year in 2012 and a finalist in both 2010 and 2017. He has written extensively on the topic of global credit markets, founded the firm’s Global Credit Perspectives publication and regularly appears in the financial media. He joined PIMCO in 1996 and previously served as PIMCO's global head of investment grade corporate bonds and as a senior credit analyst. He has 28 years of investment experience and holds an MBA from the University of Chicago's Graduate School of Business. He received his undergraduate degree from the University of Michigan.

John C. Heaton

Joseph L. Gidwitz Professor Of Finance

University of Chicago Booth

John C. Heaton studies asset pricing, portfolio allocation, and time-series econometrics. His research in these areas has earned him numerous fellowships, including an Alfred P. Sloan Research Fellowship from 1993 to 1995, and a National Science Foundation Fellowship from 1993 to 1998.

Prior to joining the Chicago Booth faculty in 2000, Heaton was the Nathan S. and Mary P. Sharp Distinguished Professor of Finance at Northwestern University's Kellogg School of Management. He also has held positions at MIT's Sloan School of Management and at the Hoover Institution. Heaton is a research associate of the National Bureau of Economic Research. The practical problems investors and institutions face are a key component of his teaching.

Originally from Canada, Heaton earned a bachelor's degree in commerce at the University of Windsor in 1982, a master's degree in economics from the University of Western Ontario in 1984, and a PhD in economics from the University of Chicago in 1989. He joined the Chicago Booth faculty in 2000. Outside of academia, Heaton enjoys music, skiing, and sailing.

Cliff Asness

Managing and Founding Principal

AQR Capital Management

Cliff is a Founder, Managing Principal and Chief Investment Officer at AQR Capital Management. He is an active researcher and has authored articles on a variety of financial topics for many publications, including The Journal of Portfolio Management, Financial Analysts Journal, The Journal of Finance and The Journal of Financial Economics. He has received five Bernstein Fabozzi/Jacobs Levy Awards from The Journal of Portfolio Management, in 2002, 2004, 2005, 2014 and 2015. Financial Analysts Journal has twice awarded him the Graham and Dodd Award for the year’s best paper, as well as a Graham and Dodd Excellence Award, the award for the best perspectives piece, and the Graham and Dodd Readers’ Choice Award.

In 2006, CFA Institute presented Cliff with the James R. Vertin Award, which is periodically given to individuals who have produced a body of research notable for its relevance and enduring value to investment professionals. Prior to co-founding AQR Capital Management, he was a Managing Director and Director of Quantitative Research for the Asset Management Division of Goldman, Sachs & Co. He is on the editorial board of The Journal of Portfolio Management, the governing board of the Courant Institute of Mathematical Finance at NYU, the board of directors of the Q-Group, the board of the International Rescue Committee and the board of trustees of The National WWII Museum.

Cliff received a B.S. in economics from the Wharton School and a B.S. in engineering from the Moore School of Electrical Engineering at the University of Pennsylvania, graduating summa cum laude in both. He received an M.B.A. with high honors and a Ph.D. in finance from the University of Chicago, where he was Eugene Fama’s student and teaching assistant for two years (so he still feels guilty when trying to beat the market).

Ross Stevens

CEO

Stone Ridge & NYDIG

Ross Stevens founded Stone Ridge in 2012, and serves as Chief Executive Officer and member of the Investment Committee. Ross founded the New York Digital Investment Group (NYDIG) in 2017, and serves as its Executive Chairman. Ross received his PhD in Finance and Statistics from the University of Chicago (Booth) and his BSE in Finance from the University of Pennsylvania (Wharton). Ross founded and serves as the Advisory Board Chairman of the Stevens Center for Innovation in Finance at the University of Pennsylvania (Wharton).

Anil Kashyap

Stevens Distinguished Service Professor of Economics and Finance

The University of Chicago Booth School of Business

Anil K Kashyap is the Stevens Distinguished Service Professor of Economics and Finance at the University of Chicago Booth School of Business. His research focuses on banking, business cycles, corporate finance, price setting, and monetary policy. His research has won him numerous awards, including a Sloan Research Fellowship, the Nikkei Prize for Excellent Books in Economic Sciences, a Senior Houblon-Norman Fellowship from the Bank of England and the Order of the Rising Sun 3rd class Gold Rays with Neck Ribbon from the Government of Japan.

Prior to joining the Chicago Booth faculty in 1991, Kashyap spent three years as an economist for the Board of Governors for the Federal Reserve System. He currently works as a consultant for the Federal Reserve Bank of Chicago, the European Central Bank, and as a Research Associate for the National Bureau of Economic Research and a Research Fellow of the Centre for Economic Policy Research. He is a member of the Squam Lake Group and serves on the International Monetary Fund’s Advisory Group on the development of a macro-prudential policy framework. Since 2016 he has been an external member of the Bank of England’s Financial Policy Committee.

Kashyap is a member of both the American Economic Association (AEA) and American Finance Association, and is a co-founder of the US Monetary Policy Forum. In 2014, was selected for the Emory Williams Award for teaching excellence by the Chicago Booth students.

He regularly speaks on financial crises, Japan, the global economy, and the direction of economic policy.

He graduated from the University of California at Davis in 1982 with a bachelor's degree in economics and statistics with highest honors. In 1989, he earned a PhD from the Massachusetts Institute of Technology. He enjoys rotisserie baseball and the Indianapolis 500.

Bryan Lubwama

Regional Director and Vice President, Global Client Group

Dimensional Fund Advisors

Bryan Lubwama is a Regional Director and Vice President in Dimensional’s Global Client Group. Bringing more than 17 years of investment experience to his role, Bryan is responsible for building new relationships and supporting existing relationships with institutional clients across the Central and Northwest US.

Before joining Dimensional, Bryan was an investment management consultant at BlackRock. He held several roles there, including overseeing institutional, bank, and registered investment advisor relationships in the Southeast and Midwest. During his tenure at BlackRock, Bryan was responsible for distributing iShares exchange-traded funds, mutual funds, SMAs, and nontraditional investment solutions. Bryan received his BS in managerial economics at the University of California, Davis, and holds the CIMA® designation.

Gil Scott

SVP, Global Director of Equity and Fixed Income Research

Ivy Investments

Gil Scott oversees all research analysts covering sectors across the global equity and fixed income landscape. He was appointed Director of Research in 2016.

Mr. Scott joined the organization in 1997 as an equity investment analyst. He was named assistant portfolio manager to the Small Cap team in 2000, assisting in the management of three mutual funds and institutional accounts. He was appointed assistant vice president in 2000 and vice president in 2001. Mr. Scott was portfolio manager of Ivy Small Cap Growth Fund and Waddell & Reed Advisors Small Cap Fund from 2003 to 2010, and of Ivy VIP Small Cap Growth from 2003 to 2006. He was lead portfolio manager of small cap growth institutional accounts from 2010 to 2016. He was appointed senior vice president in 2004.

Mr. Scott graduated from the University of Massachusetts in 1989 with a BBA in Finance. He earned an MBA from the University of Texas in 1995. Prior to joining Waddell & Reed, Mr. Scott was affiliated with Hallmark Cards as a project manager in Strategy/Marketing Finance. Mr. Scott is a CFA charter holder. He is a member of the CFA Institute. He is a member and past president of the CFA Society Kansas City. He is an advisory member to the MBA Investment Fund at the University of Texas in Austin.