Chief Investment Officer
Mark Carhart is the Chief Investment Officer and a founding partner of Kepos Capital. Prior to founding Kepos in 2010, Mark was a Partner and the Co-Chief Investment Officer of the Quantitative Investment Strategies Group at Goldman Sachs Asset Management, and prior to GSAM he was an Assistant Professor at the Marshall School of Business at USC and a Senior Fellow at The Financial Institutions Center at The Wharton School. Mark's publications include articles in The Journal of Finance, The Review of Financial Studies and the Financial Analysts Journal, and he received the FAJ's Graham and Dodd Award in 2014. He is also a co-author of Modern Investment Management: An Equilibrium Approach. Mark earned a B.A. from Yale University in 1988, became a CFA Charterholder in 1991 and received his Ph.D. from the University of Chicago Booth School of Business in 1995. He serves on the boards of MSCI Editorial Advisors, InTandem Cycling, The International Charter School of NY and TIME Advisory Council.
Director of Research
Giorgio De Santis is the Director of Research and a founding partner of Kepos Capital. Prior to Kepos, Giorgio was a Partner in the Quantitative Investment Strategies Group at Goldman Sachs Asset Management, where he was the co-head of the research team as well as a senior portfolio manager. Prior to Goldman Sachs, he was an Assistant Professor of Finance and Business Economics at the Marshall School of Business at USC. He has published articles in The Journal of Finance, the Journal of Financial Economics, the Journal of International Money and Finance and other academic and practitioner journals in finance and economics. He has also contributed chapters to several books on investment management and is a co-author of Modern Investment Management: An Equilibrium Approach. His research covers various topics in international finance, from dynamic models of risk in developed and emerging markets to optimal portfolio strategies with multiple asset classes and time-varying market conditions. Giorgio earned a B.A. from the Libera Universita' Internazionale degli Studi Sociali in Rome in 1984, a M.A. in Economics from the University of Chicago in 1989 and a Ph.D. in Economics from the University of Chicago in 1993.
Chairman, Risk Committee
Bob Litterman is the Chairman of our 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 and the Sloan Foundation.
Chief Operating Officer
Matt DesChamps is the Chief Operating Officer and a founding partner of Kepos Capital. Prior to Kepos, Matt was a founding Principal of Satellite Asset Management, L.P. and Chair of its Operating Committee. Formerly, Matt worked at Morgan Stanley, where he was an account relationship manager in the equity division, and at Coopers & Lybrand, LLC, where he was a Senior Associate. Matt earned a B.A. from Franklin & Marshall College and an M.B.A. in Finance from the Stern School of Business at New York University in 1999. He is a Certified Public Accountant and a member of The American Institute of Certified Public Accountants. He is a trustee of Franklin & Marshall College, Enviritas and other not-for-profit organizations.
General Counsel and Chief Compliance Officer
Simon Raykher is the General Counsel and Chief Compliance Officer of Kepos Capital. Prior to Kepos, Simon served as General Counsel and Chief Compliance Officer at Lombard Odier Asset Management (USA) Corp, the US asset management subsidiary of one of the oldest and largest private banks in Switzerland. For the previous seven years, he was General Counsel, Chief Compliance Officer and Principal of Satellite Asset Management, L.P. Prior to Satellite, Simon was an attorney with the law firm of Schulte Roth & Zabel LLP. Earlier in his career, he was a prosecutor with the Investigation Division of the New York County District Attorney's office, where he conducted tax fraud and money laundering investigations. Simon started his career as an auditor with Coopers & Lybrand. Simon earned a B.B.A. and an M.B.A. in Accounting from Pace University in 1990 and a J.D. from Fordham University School of Law in 1995. Simon is a former Adjunct Professor of Law at Fordham University School of Law.