Skip to main content

Speakers and Papers

Jack Bao
Jack Bao received his Ph.D. in financial economics from MIT in 2009 and his Bachelor of Science in operations research from Columbia in 2003. His research focuses on bond liquidity, structural models of default, debt markets and interlinkages between debt and equity markets. He has published papers in the Journal of Finance and the Review of Financial Studies

Link to Jack Bao's paper "Comovement of Corporate Bonds and Equities"

 

Lee D. Brading, Managing Director, Head of Credit Research, Wells Fargo Securities
Lee D. Brading, CFA, is a managing director and has been Head of Credit Research (High Yield and High Grade) for Wells Fargo Securities since January 2007. He is also the senior high yield analyst for the Homebuilding, Building Product and Industrial Goods and Service sectors. Since 2006, Brading has been ranked in Institutional Investor magazine’s All-America Fixed Income Research Team for his coverage of High Yield Homebuilding and Building Products. Most recently, in 2012, he was ranked No. 1. Before joining the company in June 1999, Brading spent three years at Banc of America Securities as an associate in leveraged finance and high-yield research. Prior to Banc of America, he spent five years as an audit manager with the international public accounting firm, BDO Seidman. Brading received a Bachelor of Science in business administration and accounting from Washington & Lee University and an Master of Business Administration from the University of North Carolina at Chapel Hill. He holds the Chartered Financial Analyst designation and is a former Certified Public Accountant. 

 

 

Marie Cavanaugh, Managing Director, Sovereign Ratings Group, Standard & Poor’s Ratings Services
Marie Cavanaugh is a managing director in Standard & Poor’s Sovereign Ratings Group and a participant in many sovereign rating committees globally. The group determines Standard & Poor’s credit ratings on central governments, multilateral lending institutions, national development and export-import banks and other sovereign-supported public-policy-oriented entities. Cavanaugh also contributes to the assessment of sovereign and country risk in non-sovereign credit ratings.

Recently, Cavanaugh has served as Global Sovereign Criteria Officer and Global Sovereign Quality Officer, with responsibility for criteria development and quality metrics for the Sovereign Ratings Group.

Prior to moving to the sovereign area, Cavanaugh had analytical responsibility for credit ratings of regional and local governments outside the United States. Before joining Standard & Poor’s, she was an economist for the City of New York and earlier for Data Resources, Inc., an econometric consulting and forecasting firm. She holds a Masters in Public Policy from the Kennedy School of Government at Harvard University and an A.B. summa cum laude in mathematics from Mount Holyoke College.

 

 
Esther Chance, Senior Portfolio Manager, Invesco Fixed Income
Esther Chance is a senior portfolio manager for Invesco Fixed Income and is responsible for the management of all cash management products, including institutional, retail and offshore money funds, as well as private accounts.

Chance joined Invesco in 1987 as a trading assistant in the money market area and later was promoted to assistant supervisor of portfolio administration. She assumed her current position in 1996.

Chance received a Bachelor of Business Administration degree from the University of Houston and a Master of Business Administration from The Freeman School at Tulane University.

 

Esther Chance 
Hui Chen
Hui Chen is the Jon D. Gruber Career Development Professor in Finance and an associate professor of finance at the MIT Sloan School of Management.

His research focuses on asset pricing and its connections with corporate finance. Chen is particularly interested in the interactions between the macro economy and term structure, credit risk and corporate financing or investment decisions. His recent research projects include application of business cycle models to explain corporate financing behavior and corporate bond pricing, as well as analysis of the effects of incomplete markets on entrepreneurial financing and investments.

Chen holds a Bachelor of Arts in economics and finance from Zhongshan University, a Masters of Science in mathematics from the University of Michigan, and a Ph.D. in finance from the University of Chicago.

Jens Dick-Nielsen
Jens Dick-Nielsen is a research fellow at the Department of Finance, Copenhagen Business School, Denmark. His current research is funded by the Danish Council for Independent Research (DFF-FSE) and focuses on the future of the Danish and European mortgage bond systems in the aftermath of the subprime crisis in relation to the Basel III regulation. In close connection to this area, his research has also had a strong orientation towards the U.S. corporate bond market with research on bond market liquidity, bond holder activism and the TRACE system. He recently won second place in the 2012 SPIVA awards for a paper on the side-effect of the Volcker Rule. His research on credit risk and liquidity risk has been published in the Journal of Financial Economics and the Journal of Fixed Income. 

Download "Dealer Inventory and the Cost of Immediacy"
 
Hitesh Doshi
Hitesh Doshi joined the C. T. Bauer College of Business at the University of Houston in the Fall of 2011. He received his Ph.D. in finance from the Desautels Faculty of Management, McGill University. His research interests include asset pricing, credit risk and fixed-income. His research work has been published in the Review of Financial Studies

 

Ken Emery, Senior Vice President, Credit Policy Group, Moody’s Investors Service 
Ken Emery is a Senior Vice President in the Credit Policy Group at Moody’s Investors Service and currently serves as Group Credit Officer for Corporate Finance in the Americas.

Prior to joining Moody’s in March 2003, Emery was a Director at DB Capital Partners, Deutsche Bank’s private equity arm, and prior to that, a Director for Corporate Finance Strategy at Deutsche Bank Securities.

Before joining Deutsche Bank, Emery worked as a Senior Vice President of Corporate Strategy at Associates First Capital and was a Senior Economist and Policy Advisor to the President of the Federal Reserve Bank of Dallas.

Emery holds a Bachelor of Arts from Colby College, a Master of Science from the London School of Economics and a Ph.D. in economics from the University of California at Los Angeles. He is also a Chartered Financial Analyst (CFA).

 


Peter Feldhutter
Peter Feldhutter's primary research interests are credit risk, liquidity risk and market microstructure. Recent work examines illiquidity premia and search frictions in the US corporate bond market. His work has been published in leading finance journals including the Journal of Financial Economics and Review of Financial Studies Feldhutter joined London Business School in 2010. He received a Ph.D. in finance from Copenhagen Business School in 2007 and a Master of Science in mathematics and economics from University of Copenhagen in 2003. 

 

Rich Gordon, Managing Director, Fixed Income Market Strategist Wells Fargo Securities, LLC
Wells Fargo & Company

Rich Gordon is a managing director and the head of fixed income market and portfolio strategy for Wells Fargo Securities. In this capacity, Rich is responsible for presenting his views on relative value and asset valuations across a broad spectrum of fixed income products and areas. His weekly market summary package and commentary and “Market Summary Online,” a multimedia webcast, are distributed to more than 6,000 external customers and more than 2,000 internal employees of Wells Fargo. On a biweekly basis, he presents strategic recommendations for Wells Fargo’s Internal Balance Sheet and Portfolio, and presents his thoughts to other numerous internal groups, as well as external investors, through conference calls and presentations. He also chairs the weekly trader’s meeting in the Fixed Income Division, where relative value discussions and market trends lead to strategic decisions about trading risk allocations and exposure.

Before these responsibilities, Rich was the managing director and head of Structured Products Research at Wachovia. In this capacity, he was responsible for all publications and analysis in the ABS, CDO, MBS and CMBS product areas. Before Wachovia, Rich was the director of agency/mortgage-backed securities research at ABN AMRO, Inc., where he was also responsible for all fixed income publications and analyses in these product areas. Rich has been a frequent speaker at the ABA Funds Management Conference and has been a guest lecturer at the Haas School of Business at University of California at Berkeley and the Stern Graduate Business School at New York University. He has had a number of articles published in Frank Fabozzi textbooks, including The Handbook of Mortgage Backed Securities and Perspectives on Fixed Income Portfolio Management. He holds a Juris Doctorate/Master in Business Administration from the University of Illinois, and a Bachelor of Arts with distinction from the University of Virginia.

 

 

Robin Grieves, Clinical Assistant Professor of Finance, Darla Moore School of Business, University of South Carolina
Dr. Robin Grieves specializes in teaching introductory finance in the business core. Previously, he was visiting professor of finance at the Crummer Graduate School of Business, Rollins College, in Winter Park, Florida. He moved to Crummer from a position as professor of finance and department head at the University of Otago in Dunedin, New Zealand, which he joined in 2007. Prior to that, he was vice president for market risk oversight at Freddie Mac. Grieves and his team were responsible for monitoring the risks in Freddie Mac’s $650 billion mortgage-related portfolio. Grieves’ background also includes teaching economics and finance at the University of Maryland, James Madison University, the University of Nebraska-Lincoln, Nanyang Technological University (Singapore) and the Thunderbird School of Global Management. His industry experience was gained during an earlier tour at Freddie Mac, at Salomon Brothers and HSBC Securities, where he was director of fixed income research in New York. Robin is a CFA charter holder.

Grieves received his master's degree from the University Maryland in 1973, and his Ph.D. from Maryland in 1979. 

 


Robin Grieves 

Olesya Grishchenko, Economist in the Board of Governors of the Federal Reserve System, Monetary Affairs division
Grishchenko conducts research and policy work related to inflation expectations, inflation uncertainty, deflation probabilities as well on term structure models of real interest rates. She has graduated from Stern School of Business of New York University with Ph.D. in Finance in 2005 and worked as an assistant professor of finance in the Smeal College of Business of Penn State University prior to joining the Federal Reserve. Aside from term structure modeling, her research interests are in empirical asset pricing, consumption-based modeling, and computational methods. Grishchenko is also visiting assistant professor of finance in New Economic School of Moscow, Russia, which she visits regularly. She has published in such distinguished journals as Journal of Economics and Business, Journal of Business and Economic Statistics, and Journal of Fixed Income. She has also contributed a chapter to a book, “Inflation sensitive assets: Instruments and strategies,” published in a prominent Risk Books series. She has also presented at multiple high-profile finance conferences, and provided peer reviews for such high profile journals as Review of Financial Studies, Journal of Economic Dynamics and Control and Journal of Business and Economic Statistics. Grishchenko is a member of the American Finance Association, European Finance Association, and Midwest Finance Association.

 


Jared B. Gross
Mr. Gross is an executive vice president in the Newport Beach office, a product manager for liability driven investment products and a member of the investment solutions group. He focuses on asset allocation and asset-liability management strategies for pension funds and other institutional investors. Prior to joining PIMCO in 2008, he was a senior relationship manager in Lehman Brothers' pension solutions group, working with large corporate and public pension plans in the U.S. He held a similar position at Goldman Sachs. Mr. Gross also spent five years in Washington, D.C.: two years as an advisor to the executive director on investment policy at the Pension Benefit Guaranty Corporation and three years at the Treasury department, focusing on debt financing and management and domestic securities market issues. He has 19 years of investment experience and holds an undergraduate degree from Williams College.


 

Jean Helwege, J. Henry Fellers Professorship of Business Administration, Darla Moore School of Business, University of South Carolina  
Jean Helwege's prior experience includes faculty positions at Penn State, the University of Arizona and Ohio State University. From 1988 to 1998 she worked as an economist in the Federal Reserve System, including six years at the Board and four years in New York. She has written more than 25 scholarly articles, including publications in the Journal of FinanceReview of Financial StudiesJournal of Financial EconomicsJournal of Financial and Quantitative Analysis and the Journal of Fixed Income. Professor Helwege has served as Associate Editor of the Review of Financial Studies, Program Chair for the 2013 Midwest Finance Association meeting and FMA Track Chair for Financial Institutions. She holds a Ph.D. in economics from UCLA and she received a Bachelor of Arts in linguistics from the University of Chicago. Her research interests include corporate bonds, financial distress, initial public offerings and capital structure.

 


Jean Helwege 
Chip Hunt, President, PrimeTRUST Advisors
Chip Hunt is President and co-founder of PrimeTRUST Advisors located in Greenville, South Carolina.

PrimeTRUST Advisors is an independent, fee-for-services, retirement plan consulting and investment advisory services firm specializing as a fiduciary coach for retirement plan sponsors.

Hunt is an Accredited Investment Fiduciary from The Center for Fiduciary Studies in conjunction with the University of Pittsburgh. He entered the retirement plan services business in 1980. His more than 32 years’ experience in this arena includes managing defined benefit pension programs and developing strategic financial and investment policies for both pension plans and participant-directed 401(k) plans.

Hunt has long recognized the need to provide independent, unbiased investment advice to plan sponsors pertaining to the selection and monitoring of plan investments. Since 1992, he has been advocating and embracing the fiduciary role as an investment advisor to retirement plans.

Robert Jarrow
Robert Jarrow is a professor at Cornell University and director of research at Kamakura Corporation. He is a creator of the Heath-Jarrow-Morton model, the forward price martingale measure and reduced form credit risk models. His research was the first to distinguish forward/futures prices and study option pricing with market manipulation. He has been the recipient of numerous prizes and awards including the CBOE Pomerance Prize for Excellence in Options Research, the Graham and Dodd Scrolls Award, the Bernstein Fabozzi/Jacobs Levy Award, and the 1997 IAFE/SunGard Financial Engineer of the Year. He is on the advisory board of Mathematical Finance – a journal he co-started in 1989. In 2009 he was awarded Risk Magazine’s Lifetime Achievement Award. He is included in both the Fixed Income Analysts Society Hall of Fame and Risk Magazine’s 50 member Hall of Fame. He has written five books and has over 180 academic journal publications. His newest book, entitled Derivative Securities, Financial Markets, and Risk Management, is now available for sale. 

Download "The Impact of Quantitative Easing on the U.S. TermStructure of Interest Rates"

 

Thomas E. Klaffky, Global Head of Business and Product Development, Citigroup—Yield Book/Index Group
Thomas E. Klaffky is the Global Head of Business and Product Development for Citigroup's Yield Book/Index Group, a group that develops and sells analytical technology and has responsibility for the Citigroup Indexes. Prior to being named to his current position, he was the Global Head of Salomon Smith Barney's Fixed Income Research Group from 1995 to 2000. Prior to 1995, he was the Head of the Bond Portfolio Analysis Group, the quantitative arm of Fixed Income Research. 

Mr. Klaffky received a Bachelor of Arts in economics from C.W. Post College in 1975 and a Masters in Business Administration in finance from New York University in 1976. 

Mr. Klaffky is the author of several research publications covering such topics as risk management, portfolio strategy, zero coupon bonds and fixed income benchmarks.

 

Robert Kopprasch
Bob Kopprasch is a Managing Director at The Yield Book Inc., and works on a variety of projects related to analytics, indices, training and modeling. He joined The Yield Book in 2002, moving over from Citigroup Asset Management, where he spent six years as a portfolio manager specializing in mortgage-backed securities. Kopprasch spent a total of 13 years on the buy side, and before that, headed fixed income research at Goldman and led the Hedge Group at Salomon Brothers’ Bond Portfolio Analysis group. He began his career as an Assistant Professor at American University, teaching finance and investment courses. 

Kopprasch has a Bachelor of Science, Master of Science and Ph.D. in finance from Rensselaer Polytechnic Institute, and is a Chartered Financial Analyst. He is currently an Associate Editor of the Journal of Investment Management. He served on the Editorial Board of the Financial Analysts Journal from 1994-2009, as well as the Advisory Board of the Research Foundation of AIMR. He has published numerous articles on various fixed income topics. His articles have appeared in numerous books, as well as the Financial Analysts’ Journal, the Journal of Performance Measurement, the Journal of Applied Finance, Derivatives Quarterly, and the Journal of Futures Markets. 

 

Anh Le
Anh Le's primary research interests lie in the area of interest rate modeling, with affine and non-affine dynamics. He received his Ph.D. in finance from New York University's Stern School of Business, and his bachelor's degree in commerce with first-class honors from the University of Queensland in Australia.

Download "The Structure of Risks in Equilibrium Affine Models of Bond Yields"

 

Hao Li
Hao Li is a Ph.D. candidate in finance at Cornell University. His research focus is in asset pricing, including fixed income, exchange rates and equity return predictability. His dissertation studies the impact of the Federal Reserve’s quantitative easing program on the term structure of interest rates and foreign exchange rates. 

 

Steven V. Mann, Ph.D., Professor of Finance, Darla Moore School of Business, University of South Carolina
Dr. Steven V. Mann has a Bachelor of Arts and a Master of Arts from the University of Missouri and earned his Ph.D. from the University of Nebraska in 1987. He has published more than 70 articles in finance journals and books. His first book, Floating-Rate Securities, co-authored with Frank Fabozzi, was published in May 2000. Introduction to Fixed-Income Analytics, also co-authored with Frank Fabozzi, was published in April 2001, and The Global Money Markets, co-authored with Frank Fabozzi and Moorad Choudhry, was published in July 2002. In the summer of 2003, Measuring and Controlling Interest Rate and Credit Risk was published (co-authored with Frank Fabozzi and Moorad Choudhry). In 2005, he co-edited Securities Finance and served as assistant editor of The Handbook of Fixed-Income Securities. Dr. Mann’s research interests are in the area of investments, particularly fixed-income securities and derivatives. He has won two awards for outstanding research. 

Dr. Mann is an accomplished teacher winning more than 20 awards for excellence in teaching including the two highest awards given by the University of South Carolina: The Michael J. Mungo Award for Excellence in Teaching (1993) and the Amoco Outstanding Teacher Award (1995). In May 1999, he received the Darla Moore School of Business Master Teacher Award.

Dr. Mann is an active consultant to clients that include some of the largest investment/commercial banks in the world as well as a number of Fortune 500 companies.  He has conducted more than 150 training programs for financial institutions throughout the United States. 


Steven V. Mann
Ian Morris, Managing Director, Hedge Fund Solutions, Blackstone
Ian Morris is a Managing Director of the Hedge Fund Solutions Group at Blackstone. Since joining Blackstone, Mr. Morris has been involved in top-down investment strategy, asset allocation and macroeconomic analysis for the Hedge Fund Solutions Group.

Before joining Blackstone in 2010, Morris was Chief US Economist at HSBC in New York for ten years, managing the firm’s North American macroeconomic research team and providing advice and forecasts on macro trends and risks to clients, including financial institutions, non-financial corporations, central banks and sovereign wealth funds. Prior to that, Morris was a Global Economist with HSBC in London for three years and in Melbourne for two years. Prior to joining HSBC, Morris worked for PaineWebber in London.

Morris holds an MSc in Financial Economics from the University of London and a BA in Applied Economics from Deakin University in Melbourne, Australia.

 
Michael Mutti, Managing Director, StifelNicolaus
Michael Mutti is managing director at StifelNicolaus, where he serves as senior credit strategist focusing on relative value of individual bonds as well as sectors within the high-grade and high-yield corporate bond sectors. Prior to joining StifelNicolaus, he was a senior vice president and corporate bond strategist and product manager at Raymond James for two years. The bulk of his experience came from 21 years at Bear Stearns where he was a senior managing director and the co-head of credit strategy. In addition to providing relative value strategy, he also has made numerous presentations on relative value analytics and credit derivatives in the U.S., Asia, Europe and South America. Mutti has appeared on CNBC, Bloomberg and PBS Nightly Business Report. He received his degree from the College of William and Mary. 

 

 

James D. Narron, Senior Vice President - Head of the Fedwire Securities Service, Federal Reserve Bank of New York
James Narron is Senior Vice President and head of the Fedwire Securities Service in the Federal Reserve Bank of New York’s Wholesale Product Office. Narron was formerly Senior Vice President and head of the Bank’s Cash and Custody Department, Vice President in the Bank’s Technology Group, leading data center relocation efforts, and served as Deputy Chief of Staff of Operations at the Bank. Narron joined the Bank in 2003.

Prior to joining the Bank, Narron worked at the Federal Reserve Bank of Kansas City, the Board of Governors in Washington, D.C., and Productivity Systems, a consulting firm specializing in infrastructure projects for central banks.

Narron holds a bachelor’s degree in finance and economics from Rockhurst University and a master’s degree in international business studies from the University of South Carolina. He speaks Spanish and Portuguese.

 

 

John B. Plunkett
Mr. Plunkett holds a BA from the College of the Holy Cross in History. Mr. Plunkett has 21 years professional experience in the financial industry.

Mr. Plunkett joined Langdon P. Cooke and Company in 1991 where he worked on the Institutional Sales and Trading desk supporting traders who traded US Treasury Bills, Notes and Bonds as well as those who traded Municipal Securities.

In 1992 Mr. Plunkett joined Citicorp Securities Markets, Inc. as a Vice President on the International Finance and Arbitrage desk. He worked as a trader focusing mainly on overnight, term and Repo specials, as well as bank financing and funding. In 1994, Mr. Plunkett moved over to trade Mortgage Backed Securities Repo and Eurodollar transactions. While in that role, he additionally monitored activities on the Mortgage Backed cash desk to better manage overall risk for the Repo book. He did so until his departure from the firm in February 1996. 

 In February 1996 Mr. Plunkett joined Goldman Sachs & Co as a Vice President on its Municipal Money markets desk where he traded Variable Rate Demand Notes, Commercial Paper, Municipal Auction Rate Securities, Put Bonds and Short to Intermediate bonds out to five years in maturity.

 In June of 1999, Mr. Plunkett became the Relationship Manager for the Regional Dealer Sales group. This role primarily encompassed the sale of Municipal Securities to Regional Dealers throughout the nation and also included the sale of Mortgage Backed Securities. Mr. Plunkett was charged with full oversight over this effort, cultivating and developing new counterparty relationships for the firm.

 In November 2001, Mr. Plunkett assumed yet another role within the firm, becoming the Coordinator for the New York State Banking Group. He was responsible for formulating the Public Finance Department and overall firm strategies as they applied to New York State related business. During this time Mr. Plunkett was responsible for generating and executing business with New York State’s various Agencies, Authorities and Corporations. He continued in this role until October, 2003.

 In October 2003 MR. Plunkett was hired by Raymond James & Associates, Inc. as the Managing Director/Manager of its Short Term Products group. He was charged with the implementation of a fully operational sales and trading desk focusing primarily on the Municipal Money markets. While in this role, he expanded the desk capabilities dramatically, increasing the size of the firm’s book from $283mm in October 2003 to over $4 Billion at its height.

 Mr. Plunkett also served as the Co-Head of the Northeast Public Finance group where he managed a group of 15 professionals covering a wide spectrum of finance disciplines including Infrastructure, Transportation, Health Care, Housing and General Markets. He had oversight over deal origination and execution as well as the overall strategy for the group.

 

 

Eric A. Powers, Ph.D., Associate Professor of Finance, Darla Moore School of Business, University of South Carolina
Dr. Eric A. Powers is an associate professor of finance at the University of South Carolina. His research focuses on fixed-income policies of corporations as well as corporate capital investment policy and corporate restructuring. Dr. Powers’ research has appeared in leading peer-reviewed academic journals such as the Journal of FinanceJournal of Financial Economics and Journal of Corporate Finance. At various times, Dr. Powers has taught introductory financial management at the undergraduate and master's levels, undergraduate fixed income security valuation, and the Ph.D. seminar in corporate finance.

He has a Bachelor of Arts and a Master of Business Administration from Cornell University and earned his Ph.D. from Massachusetts Institute of Technology in 1998.

 


Rick Rieder
Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Fundamental Fixed Income, Co-head of Americas Fixed Income and a member of the Executive Committee of the firm-wide Alpha Strategy business. He is also a member of BlackRock's firm-wide Operating, Leadership, and Philanthropy Committees.

Before joining BlackRock in 2009, Rieder was President and Chief Executive Officer of R3 Capital Partners. He served as Vice Chairman and member of the BorrowingCommittee for the U.S. Treasury. Rieder is currently a member of the Federal Reserve Bank of New York's Investment Advisory Committee on Financial Markets, and was recently elected as the 2013 inductee into the Fixed Income Analysts Society Fixed Income Hall of Fame.

From 1987 to 2008, Rieder was with Lehman Brothers, most recently as head of thefirm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee, and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Rieder was a credit analyst at SunTrust Banks in Atlanta.

Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Business School, and the University's Investment Committee and is the Vice Chairman of the Finance Committee, and founder and chairman of the business school's BBA investmentfund.

Rieder serves as Chairman of the Board of North Star Academy's nine Charter Schools in Newark, New Jersey and is the Founder and Chairman of the Board of Graduation Generation Public School Collaboration in Atlanta. He is a Trustee for the US Olympic Committee, and on the board of advisors for the Hospital for Special Surgery. He serves on the National Leaderhip Council of the Communities in Schools Educational Foundation and the boards of Big Brothers/Big Sisters of Newark and Essex County and the Newark Youth Foundation.

Jason T. Serrano, Co-Head of Structured Products & Managing Director, Oak Hill Advisors
Jason T. Serrano shares primary responsibility directing Oak Hill Advisors' structured finance investment and trading. Serrano previously served as a principal at The Blackstone Group where he led the structured finance investment team. Prior to Blackstone, he spent nearly five years at Fortress Investment Group as a vice president, assisting in the management of a $2 billion distressed structured products fund and other whole-loan portfolios. He also spent five years at Moody's as a rating analyst for CDOs and derivatives. 

He earned a Bachelor of Science from Oswego State University. 

 

Jason Serrano 
Zhan Shi
Zhan Shi is currently a fifth-year Ph. D. student in Finance at Pennsylvania State University. His research interests are in fixed income and financial econometrics. His work has been published in statistical journals. He received a B.S. in Statistics from Fudan University in Shanghai, China.  

 



Hong Yan
Hong Yan (Ph.D. in Finance, University of California Berkeley,1999) joined the finance faculty at the Darla Moore School of Business in August 2006. He was a visiting academic scholar at the U.S. Securities & Exchange Commission and an assistant professor of finance in the McCombs School of Business at the University of Texas at Austin. He earned his Ph.D. in finance from the University of California at Berkeley in 1999. Yan’s area of expertise is asset pricing, focusing on default risk and market liquidity, and he has also done research regarding mutual funds and financial analysts. He has presented at numerous academic conferences and institutions and his research papers have been published in the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, and other leading academic and practitioner journals. 

 

Dr. Yi Zhou
Dr. Yi Zhou is an assistant professor of finance at the Florida State University (FSU). She joined FSU in May, 2012. Zhou's primary research focuses on empirical asset pricing, volatility, credit risk, default risk, derivative pricing, equity return and bond return predictability. Zhou has published in Journal of Banking and Finance and won the Best Paper Award of American Association of Individual Investors at the Midwest Finance Association Annual Meeting of 2013. She holds a Ph.D. in Finance, MA. in Statistics and Economics from the University of California Los Angeles. She also holds a MA. in Astrophysics from University of California Berkeley and BS. in Space Physics from University of Science and Technology of China.