Douglas T. Breeden is the William W. Priest Professor of Finance and former Dean of Duke University’s Fuqua School of Business. He also served on faculties at Chicago Booth, Stanford and North Carolina, where he was the Dalton McMichael Professor of Finance. He was the Fischer Black Visiting Professor of Financial Economics at MIT’s Sloan School in 2011-2013 and won an ”Outstanding Teacher” award. Breeden published seminal research on insurance prices implicit in option prices, the Consumption CAPM, and hedging mortgage securities. His current research (with Robert Litzenberger) is on “Central Bank Policy Impacts on the Distribution of Future Interest Rates,” which won a Roger Murray Prize from the Q-Group. He has presented this research to the New York and Minneapolis Federal Reserve Banks, the (central) Bank of England, the Bank of Italy and the Bank of France. Breeden was Associate Editor of 5 top journals and Founding Editor of the Journal of Fixed Income. He was elected to the Board of Directors of the American Finance Association and in 2010 a lifetime Fellow. The International Association for Quantitative Finance named Breeden “Financial Engineer of the Year 2013” for being an “industry pioneer.” Breeden holds a Ph.D. in Finance from Stanford and an S.B. from M.I.T. He served on the MIT President’s Council, the Sloan School Visiting Committee and the Stanford Business School Advisory Council. Dr. Breeden is a senior independent consultant to Amundi Pioneer Asset Management and is on the Board of Trustees of Commonfund.
Mr. Warren is the Managing Director of Albright Stonebridge Group (“ASG”). He served as ASG’s Managing Principal from 2013 to 2017 and as Principal from 2009 to 2013. Prior to ASG, Mr. Warren served as the Chief Operating Officer and Chief Financial Officer of Stonebridge International from 2004 to 2009, where he managed operations, business development, finance, and personnel portfolios. Mr. Warren served in various capacities in the Obama Administration, including as senior advisor in the White House Presidential Personnel Office and as co-lead for the Treasury and Federal Reserve agency review teams of the Obama-Biden Presidential Transition. Mr. Warren serves on the board of Brookfield Property Partners, the Board of Trustees and the risk & audit committees at Commonfund, Board of Directors of Walker & Dunlop, Inc, the Board of Directors of MAXIMUS. He serves as a Trustee of Yale University and is a member of the Yale Corporation Investment Committee. Mr. Warren formerly served as a Trustee of the District of Columbia Retirement Board (“DCRB”) and as a member of the Board of Directors of the United States Overseas Private Investment Corporation (“OPIC”). Mr. Warren received degrees from Yale University and Oxford University where he was a Rhodes Scholar.
Chief Executive Officer and Chief Investment Officer
Mark Anson is the Chief Executive Officer and Chief Investment Officer of the Commonfund and Chairman of the Board of Commonfund Capital Inc. and Commonfund Asset Management Company. Previously, he was the President and Chief Investment Officer for the Bass Family Office of Ft. Worth, Texas which was recognized as Family Office of the Year for 2014 & 2015. He was the President & CEO of Nuveen Investments, and Nuveen Alternative Investments, a full service asset management company with over $250 billion in assets under management. Prior to Nuveen, Mark served as the Chief Executive Officer and Chief Investment Officer for the British Telecom Pension Scheme (BTPS), the largest institutional investor in the UK with assets of £65 billion. In addition, Mark was the CEO of Hermes Pensions Management in London, a £55 billion asset management company that is wholly owned by the BTPS. Prior to joining BTPS, he served as the Chief Investment Officer of the California Public Employees' Retirement System, the largest institutional investor in the United States with over $300 billion in assets. Mark is currently a Trustee for the $65 billion UAW Medical Benefits Trust. He also serves on the Law Board of the Northwestern University School of Law, the Board of the Toigo Foundation, and the Board of Panagora Asset Management. He is the only person to have served on the Board of Governors for both the CFA Institute and the CAIA Association. Mark has published over 100 investment articles in professional journals and has won three Best Paper Awards. He is also the author of five financial textbooks including the Handbook of Alternative Assets, which is the primary textbook used for the Chartered Alternative Investment Analyst program. Mark earned a B.A. in Economics and Chemistry from St. Olaf College, a Ph.D. and Masters in Finance from Columbia University Graduate School of Business, and a J.D. from Northwestern University School of Law, all with honors. He has also received several industry awards in recognition of his leadership in asset management. Last, Mark has earned the Chartered Financial Analyst, Chartered Alternative Investment Analyst, Certified Public Accountant, and Chartered Global Management Accountant professional degrees, and he is a Member of the Law Bar of New York and Illinois.
Ms. Nicole Arnaboldi is currently a Partner at Oak Hill Capital, a mid-market private equity firm, and an independent director of Manulife Financial Corporation (MFC), Commonfund, and Merit Hill Capital. She previously served as Vice Chairman of Credit Suisse Asset Management and earlier as Head of Credit Suisse’s Illiquid Alternatives businesses, which included a wide range of private equity, real estate, and credit products. She also served on the boards or investment committees of private equity joint ventures in the U.S., Asia, the Middle East, and Latin America. Ms. Arnaboldi joined Credit Suisse in November 2000 when it merged with DLJ, where she was a Managing Director in the Merchant Banking area. Before the merger, Ms. Arnaboldi spent 15 years at DLJ, mainly in the private equity and venture capital groups.
Ms. Arnaboldi is a member of the Dean’s Advisory Board at Harvard Law School and the Advisory Board for HarvardX, and also serves as the Regional Chair for C200, an organization of senior women business leaders. She serves as Investment Committee Chair and Vice President of Prep for Prep and is a member of the board of Local Initiative Support Corporation (LISC). She previously served on other boards including the Harvard University Corporation Committee on Finance, the New York Federal Reserve Bank’s Investor Advisory Committee on Financial Markets, and New Yorkers for Children. Ms. Arnaboldi holds a B.A. magna cum laude from Harvard College, a J.D. cum laude from Harvard Law School, and an M.B.A. with high distinction from the Harvard Business School, where she was a Baker Scholar.
Jessica Hoffman Brennan is Managing Director and the Head of Client and Product Solutions at Onex Corp. Ms. Brennan leads the fundraising, marketing and capital formation activities of this $46 billion publicly traded asset management firm (TSX: ONEX). Through her leadership the firm has diversified it investor base and successfully expanded into various strategies across the firm, including private equity, performing and opportunistic private and public credit strategies.
Prior to joining Onex, Ms. Brennan spent 9 years as a Partner and Managing Director of The Carlyle Group where she was responsible for investor relations and business development. There, she worked with many of Carlyle’s largest investors, including sovereign wealth funds, public pension funds, insurance companies, ultra-high net worth individuals and family offices, and formed several strategic separate accounts with some of Carlyle’s largest investors.
Over her 20+ year career, Ms. Brennan has routinely raised billions of dollars annually. She is a recognized leader in fundraising in alternative asset classes for maintaining the highest levels of production even during challenging market periods. Ms. Brennan has managed fundraising and marketing teams at leading private equity firms.
Ms. Brennan's capital formation activities span 400+ alternative investment strategies, i.e., funds and direct investments, including: private equity, private credit, real assets, liquid alternatives, specialty and niche alternatives, as well as strategic accounts and structured insurance and credit products.
Before Carlyle, Ms. Brennan was a Managing Director in the Private Fund Group at Credit Suisse which acquired her prior firm, Donaldson Lufkin & Jenrette (DLJ). She joined DLJ in 1999 from Deutsche Bank's Private Equity Group.
Ms. Brennan holds an MBA in Finance from The Wharton School of the University of Pennsylvania and an AB degree in both Economics and Literature from the University of Michigan. She also serves on the Executive Board for the Wharton Graduate School and on the Executive Committee of the Women’s Leadership Board at Harvard Kennedy School’s Women and Public Policy Center. She is a member of the Dean’s Advisory Council of the University of Michigan’s Literature Science & the Arts College and a member of the Council on Foreign Relations. She holds Series 7 and 63 licenses.
Bob Litterman is the Chairman of the Risk Committee and a founding partner of Kepos Capital, a New York City based systematic global macro firm. 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, Bob 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.
Tobias "Toby" Moskowitz currently holds the Dean Takahashi ’80 B.A., ’83 M.P.P.M. Chaired Professorship in Finance at Yale University at the Yale School of Management, for which he is the inaugural chair holder (in 2016).
He was previously the Fama Family Professor of Finance at the University of Chicago Booth School of Business, where he taught from 1998 to 2016.
Professor Moskowitz was recognized by the American Finance Association with its 2007 Fischer Black Prize, which is awarded biennially to the top finance scholar in the world under the age of 40 in years when one is deemed deserving. The award cited his "ingenious and careful use of newly available data to address fundamental questions in finance." Moskowitz also won the Ewing Marion Kauffman Medal in 2012 for the top research in entrepreneurship for scholars under the age of 40.
His research papers have received numerous awards, including the Smith-Breeden Prize for the best paper published in the Journal of Finance, the Brattle Prize for the best non-asset pricing paper published in the Journal of Finance, two Fama-DFA Prizes for the best paper published in the Journal of Financial Economics, two Michael Brennan Awards for the best paper published in the Review of Financial Studies, the Swiss Finance Institute Outstanding Paper Award, and the Bernstein-Fabozzi and Jacobs-Levy Award for the best paper in the Journal of Portfolio Management, two Harry Markowitz prizes for the best paper published in the Journal of Investment Management, the Whitebox Prize for best financial research, and multiple Q-Group Best Paper Awards.
His work has been cited in the Wall Street Journal, the New York Times, Financial Times, US News and World Report, Money magazine, and a 2005 speech by then Federal Reserve Chairman Alan Greenspan. He has also appeared on CNBC's Closing Bell and Squawk Box, CNN, FOX, Bloomberg, as well as ESPN, Sport Illustrated, HBO's Real Sports with Bryant Gumbel.
Professor Moskowitz serves as a research associate for the National Bureau of Economic Research and is a former editor of the Review of Financial Studies, an associate editor of the Journal of Finance, and an associate editor at the Journal of Financial Economics.
His research studies financial markets and investments, including the behavior of prices and investors. He has explored topics as diverse as momentum in stock returns, biases in investment portfolios, the return to private business ownership, financial contracting in commercial real estate, mutual and hedge fund performance, the political economy of financial regulation, and the economics of sports. He has presented his research at many academic, corporate, and government institutions worldwide.
Professor Moskowitz spent the 2007-2008 and 2014-2015 academic years on leave at AQR Capital Management, LLC a hedge fund in Greenwich, CT, with which he has an ongoing consulting relationship. He was made a principal at the firm in 2015, where he contributes to research on asset pricing and investments for AQR’s domestic and international investment strategies.
In collaboration with David F. Swensen, the CIO of the Yale Investments Office, Professor Moskowitz founded the Yale School of Management’s Master’s program in Asset Management, for which he serves as the Academic Director and whose inaugural class will graduate in 2022. The one-year program seeks to train Master’s students in the theory and practice of asset management, with a curriculum that is tailored for that aim.
In 2011, he wrote the New York Times best-seller "Scorecasting: The Hidden Influences Behind How Sports are Played and Games are Won," (Crown Archetype, Random House) co-authored with L. Jon Wertheim of Sports Illustrated, that uses economic principles to explain the hidden side of sports. He and Wertheim are also authors of the children’s book “The Rookie Bookie” in the Fall of 2015 (Little Brown).
Born in West Lafayette, IN, Moskowitz earned a bachelor's degree in industrial management and industrial engineering (with distinction) in 1993 from Purdue University, a master's degree in management from Purdue in 1994, and a Ph.D. in finance from UCLA in 1998.
Mamak Shahbazi is a seasoned investment executive with a 35-year track record of raising assets, building and managing high-performance marketing and client service teams, developing business, maintaining key client and consultant relationships, overseeing and delivering impressive growth and ROI. A Founding Member of Colchester Global Investors, which provides a complete range of investment management services for global and emerging market bonds, Mamak was the company’s President, Director and Global Head of Marketing From 2001 to 2019. She was responsible for growing assets under management from $15 million to $43 billion since inception. Mamak is accomplished in the effective execution of both short and long-term deliverables. She is a team player with demonstrated success in the development and motivation of staff and the nurturing and maintenance of relationships with prospects, clients from diversified categories in the US and around the world, and industry participants. Mamak has built Colchester’s marketing and client service structure globally, with offices in New York, London, Singapore, Australia and soon in the United Arab Emirates. Her client service efforts resulted in the firm receiving the Greenwich Associates prestigious Quality Leader in Institutional Client Service award. A keen determination to provide clients with optimal solutions to their investment needs, combined with a background in engineering and years of experience in fixed income research and analysis, has made Mamak extremely effective as a solution provider to institutional investors. An invited guest speaker at various prominent investment conferences, Mamak has presented at the ABANA Annual Conference 2016 on Leading Women in Finance, the Mangham Associates (endowment management firm) Client Conference 2015, and The Salvation Army South Investment Conference 2014 and 2012. Additionally, Mamak was a Founding Angel Member of 100 Women in Finance, a global network of investment professionals working to assist women at every stage of their careers. Prior to Colchester, Mamak built an impressive record in the investment community. She served as Director of Institutional Marketing at the hedge fund firm Zweig-DiMenna Associates, where she was responsible for building the institutional marketing and client services effort. She raised over $500 million in assets under management despite stressed market conditions and performance. Before Zweig-DiMenna, Mamak served as Director of Global Bond Marketing and Client Service at Delaware Investment Advisors. She was responsible for building the Global Bond marketing effort for the Delaware International Advisors subsidiary. Starting with $50 million in assets, she built the enterprise to over $5.6 billion during her seven-year term. As Director/Vice President of Fixed Income Investments at Credit Suisse First Boston Corp. for eight years, Mamak assisted the Managing Director in charge of research and analysis of high yield corporate bonds and risk management of the portfolios. She was also responsible for the conduct of overall client facing activities. Further, Mamak published articles on high yield investing and specific bond activities. Mamak began her career at Arthur D. Little Valuation, Inc., as an Analyst, where, in addition to writing Fortran based computer programs to analyze bank and savings and loan institutions, she assisted in writing mathematical formulas to ascertain market values of deposit accounts and loan books. Chairman of the Board of Colchester Global Investors, Inc., and a Member of the Board of Colchester Global Investors Limited, Mamak also serves on other boards, including Freeman and Company’s Advisory Board and New York University College of Arts and Science’s Advisory Council. Previously Mamak served as a Board Member of the Miller Howard High Income Equity Fund and as an Advisory Board Member of Proctor Investment Management. A graduate of the University of Maryland, Mamak holds a Bachelor of Science degree in Chemical Engineering with an emphasis in mathematics and computer science. She resides in New York City with her husband and is the mother of two adult children.
David A. Thomas, Ph.D., is the 12th president of Morehouse College. Since his installment in January 2018, he has led dynamic, purpose-driven advancement in Morehouse’s strategic and operational effectiveness, programmatic reach, and pedagogical innovation. Among other transformational successes, Dr. Thomas has overseen a fundraising acceleration which has generated approximately $190 million since his arrival—a giving total during his tenure that is higher than during any other presidential tenure in the history of the college. Under his leadership, Morehouse has extended its reach by launching its first online degree programs and has amplified its positioning as a center of intellectual discourse and social engagement in areas such as global leadership, professional equity, social justice, and innovation.
Dr. Thomas is internationally recognized for his expertise in organizational management and higher education leadership. Before becoming president of Morehouse, he served as the H. Naylor Fitzhugh Professor of Business Administration at Harvard Business School, as dean and William R. Berkley Chair at Georgetown University’s McDonough School of Business, and as an assistant professor at the Wharton School of Business at the University of Pennsylvania. While at McDonough, Dr. Thomas led a successful $130 million capital campaign, a redesign of the MBA curriculum, and the launch of the school’s first online degree program. He has consulted on issues relating to organizational change, diversity, and inclusion for 100 of the Fortune 500 companies.
An award-winning author and contemporary thought leader in organizational management and executive development, Thomas co-wrote three books: Race, Work, and Leadership: New Perspectives on the Black Experience; Breaking Through: The Making of Minority Executives in Corporate America; and Leading for Equity: The Pursuit of Excellence in Montgomery County. He has written or co-written almost eighty book chapters, cases, and teaching notes, along with more than two dozen scholarly articles, including Getting Serious About Diversity: Enough Already with the Business Case, which won the 2020 HBR McKinsey Award as the best Harvard Business Review article of the year. Atlanta Magazine named him one of “Atlanta’s 500 Most Powerful Leaders.” He is the recipient of Washington Business Journal’s “Minority Business Leader of the Year” award and the National Executive Forum’s 2020 Beacon Award, among other honors. He serves on the boards of DTE Energy, Commonfund, Vanguard, and Yale Corporation, where he is the alumni fellow. He is also a senior advisor for Grain Management.
Dr. Thomas earned a Ph.D. in organizational behavior studies and a Master of Philosophy in organizational behavior, both from Yale University. He also earned a Master of Organizational Psychology from Columbia University and a Bachelor of Administrative Sciences from Yale College.