The University of Virginia Investing conference is held annually at Darden and investigates the lessons of the past as well as the possibilities of the future.
John Chisholm, CFA
John Chisholm currently serves as Co-Chief Executive Officer of Acadian Asset Management. He served as chief investment officer from 1998 to 2017, where he oversaw the investment team and process, and directed Acadian's portfolio management and research. Prior to co-founding Acadian in 1987, John served as a systems engineer at Draper Laboratories and as an analyst for the International Asset Management Department at the State Street Bank and Trust Company (now State Street Global Advisors).
John is a CFA charterholder and member of the CFA Society Boston. He earned an M.S. in business and finance from the Sloan Business School at MIT and a B.S. in engineering from MIT.
Robert Durden, CFA
Robert W. Durden is the Chief Executive Officer and Chief Investment Officer of the University of Virginia Investment Management Company (UVIMCO). As CEO, he provides leadership for all aspects of UVIMCO’s operations and serves as UVIMCO’s primary representative to the University, related foundations and the public. As CIO, Robert is responsible for the investment management of UVIMCO’s Long Term Pool, overseeing the asset allocation, portfolio management, risk management and manager selection activities of the investment staff.
Prior to joining UVIMCO, Robert served as Senior Vice President and Chief Investment Officer at Texas Children’s Hospital in Houston, where he oversaw the hospital’s foundation and other investment assets, totaling approximately $3 billion. He was previously the Managing Director of Private Investments at Morgan Creek Capital Management and directed $4.5 billion of private investments across private equity, energy and natural resources and real estate. Durden has also worked with Legg Mason/Western Asset Management, Ritchie Capital Management and Merrill Lynch’s Middle Market M&A group.
He received a B.A. in economics, magna cum laude, from Princeton University and an M.B.A. in finance and entrepreneurship, with honors, from the University of Chicago Booth School of Business. He is a CFA charterholder.
Richard Evans is an Associate Professor of Business Administration at the Darden School of Business. His research deals broadly with investment decisions, and his current research projects explore fund manager compensation and incentives, exchange-traded funds, corporate political activity and stock performance, short-selling and quantitative vs. fundamental investment strategies. His work has been published in the Journal of Finance, the Journal of Financial Economics and the Review of Financial Studies and has been cited by the financial press (The New York Times, The Wall Street Journal, The Economist and Forbes) as well as regulatory agencies (Securities and Exchange Commission, U.S. General Accounting Office and the White House Council of Economic Advisors). He has presented his research to the SEC, Federal Reserve, Social Security Administration and the American Finance Association. He currently serves on the editorial board of the Financial Analysts Journal, and he has taught executive education courses for investment professionals from Merrill Lynch, Morgan Stanley and Citizens Bank and is the adviser to Darden Capital Management, Darden's student-run investment funds. He has been the recipient of a Santander Research Fellowship at Cambridge University, a Senior Research Fellowship at the Long-Term Investors think tank at the Università di Torino, and he has served as a visiting faculty member at Nova Universidade de Lisboa.
He holds bachelor’s and master’s degrees in chemistry from the University of Utah and a master’s degree and doctorate in finance from the Wharton School of the University of Pennsylvania.
Meb Faber is Co-Founder and Chief Investment Officer of Cambria Investment Management where he oversees Cambria’s ETFs and separate accounts. He is the host of The Meb Faber Show podcast and has authored numerous white papers and books including “The Ivy Portfolio” and “Shareholder Yield: A Better Approach to Dividend Investing.” He is a frequent speaker and writer on investment strategies and has been featured in Barron’s The New York Times and The New Yorker. Faber graduated from the University of Virginia with degrees in Engineering Science and Biology.
Tom Gayner is the Co-Chief Executive Officer of Markel Corporation. He oversees the investing activities for the company, as well as the Markel Ventures diverse industrial and service businesses.
Gayner joined Markel in 1990 to form Markel Gayner Asset Management which provided equity investment counsel for Markel Corporation as well as outside clients.
Prior to joining Markel, he served as Vice President of Davenport & Co. of Virginia and as a Certified Public Accountant with PriceWaterhouseCoopers LLP.
He serves as the Chairman of the Board of the Davis Series Mutual Funds and on the boards of the Colfax Corporation, Graham Holdings, Cable One and Markel. He is a trustee of The Community Foundation of Richmond and a member of the Investment Advisory Committee of the Virginia Retirement System.
Gayner is a graduate of the University of Virginia and The Lawrenceville School.
Nili Gilbert, CFA, CAIA
Nili Gilbert is Co-Founder and Portfolio Manager of Matarin Capital, managing equity strategies for institutional clients. Matarin has been recognized as a performance leader and as a thought leader, with its research cited in such publications as The Wall Street Journal and Barron’s. Gilbert is a regular contributor on CNBC television, as well.
Gilbert received her BA from Harvard University, graduating magna cum laude in a Special Concentration in Economics and Social Studies, and her MBA in Finance from Columbia Business School, where she was a Toigo Fellow. She is both a CFA and CAIA charterholder.
Gilbert has been honored as a World Economic Forum Young Global Leader on Bloomberg BusinessWeek’s list of 20 people who are “Ones to Watch” for 2019, as Entrepreneur of the Year by the National Association of Securities Professionals, with the Toigo Foundation’s Bridge to Business Award and by 100 Women in Hedge Funds as a Chartered Alternative Investment Analyst Scholar.
Gilbert is a Board Member and Chairwoman of the Investment Committees of the David Rockefeller Fund and the Synergos Institute. She is both a life member of the Council on Foreign Relations and a member of the Economic Club of New York.
Prior to founding Matarin, she was Senior Director and Senior Research Analyst at Invesco, working in both New York City and Frankfurt, Germany, with responsibility for development of the firm’s global multi-asset models.
Gilbert speaks, reads and writes both German and French with great proficiency, and enjoys travel and fitness.
Anton Levy is a Managing Director and Global Head of General Atlantic’s Technology sector. He also serves on the firm’s Management Committee and Investment Committee. Anton currently serves as a Board Member for A Place for Mom, Red Ventures, Squarespace and Vox Media. He also serves as a Board Observer for Airbnb, BuzzFeed and OpenDoor. Anton has led General Atlantic’s investments in leading technology companies such as Alibaba, CrowdStrike, Facebook, Slack and Snapchat. He has been named to Forbes’ Midas List of top investors each year from 2015-19. Before joining General Atlantic in 1998, Anton was an investment banker at Morgan Stanley where he focused on the technology sector.
Anton serves as Chairman of Streetwise Partners and as a Trustee for Mount Sinai Hospital System, University of Virginia Endowment and New York Public Radio.
Anton attended McIntire School of Commerce at the University of Virginia, where he received a B.S. in Commerce with a concentration in Finance & Management Information Systems and a minor in Computer Science. He received his M.B.A. from Columbia Business School.
Marcos López de Prado
Marcos López de Prado is the Chief Investment Officer of True Positive Technologies (TPT) and a professor of practice at Cornell University’s School of Engineering. He has over 20 years of experience developing investment strategies with the help of machine learning algorithms and supercomputers. He launched TPT after he sold some of his patents to AQR Capital Management, where he was a principal and AQR’s first head of machine learning. López de Prado also founded and led Guggenheim Partners’ Quantitative Investment Strategies business, where he managed up to $13 billion in assets and delivered an audited risk-adjusted return (information ratio) of 2.3.
Concurrently with the management of investments, between 2011 and 2018, López de Prado was a research fellow at Lawrence Berkeley National Laboratory (U.S. Department of Energy, Office of Science). He has published dozens of scientific articles on machine learning and supercomputing in the leading academic journals, is a founding co-editor of The Journal of Financial Data Science and SSRN ranks him as the most-read author in economics. Among several monographs, he is the author of the graduate textbook Advances in Financial Machine Learning (Wiley, 2018).
López de Prado earned a PhD in financial economics in 2003 and a second PhD in mathematical finance in 2011 from Universidad Complutense de Madrid. In 1999, he was a recipient of Spain's National Award for Academic Excellence. He completed his post-doctoral research at Harvard University and Cornell University, where he still teaches. In 2019, López de Prado received the ‘Quant of the Year Award’ from The Journal of Portfolio Management.
Henry H. McVey joined KKR (New York) in 2011 and is Head of the Global Macro and Asset Allocation team. McVey also serves as Chief Investment Officer for the Firm’s Balance Sheet, oversees Firmwide Market Risk and co-heads KKR’s Strategic Partnership Initiative (KSPI). As part of these roles, he sits on the Firm’s Investment Management & Distribution Committee and the Risk & Operations Committee. Prior to joining KKR, McVey was a managing director, lead portfolio manager and head of global macro and asset allocation at Morgan Stanley Investment Management (MSIM). Earlier in his career, he was a portfolio manager at Fortress Investment Group and chief U.S. investment strategist for Morgan Stanley. While at Morgan Stanley, McVey was also a member of the asset allocation committee and was the top-ranked asset management and brokerage analyst by Institutional Investor for four consecutive years before becoming the firm's strategist in January 2004.
He earned his B.A. from the University of Virginia and an M.B.A. from the Wharton School of the University of Pennsylvania. McVey is a long-time supporter of the TEAK Fellowship, having recently served as Co-Head of the Board of Trustees for five years. He is also a member of the Pritzker Foundation Investment Committee, a board member of the University of Virginia Investment Management Company (UVIMCO), a member of the national advisory board for the Jefferson Scholarship at the University of Virginia and a member of the Council on Foreign Relations. McVey also serves as a member of the Financial Sector Advisory Council for the Federal Reserve Bank of Dallas and on the Trade Commission at the Center for Strategic and International Studies (CSIS) in Washington, DC.
Chris Meredith, CFA
Chris Meredith is the Co-Chief Investment Officer, Director of Research and a Portfolio Manager at O’Shaughnessy Asset Management (OSAM). He is responsible for managing investment related activities at the firm including investment strategy research, portfolio management and the firm’s trading efforts. He oversees the Director of Portfolio Management and the Director of Trading on managing daily investment decisions. On the research side, Meredith leads a team of analysts conducting research on new factors, improving existing stock selection and portfolio construction techniques. He has authored several whitepapers including “Value is Dead, Long Live Value”, “Factors From Scratch”, “Price-to-Book’s Growing Blind Spot” and “Microcap as an Alternative to Private Equity.” Meredith is an equity owner in OSAM and a member of the firm’s Executive Committee and Operating Committee.
He is a Visiting Lecturer of Finance at the Johnson School of Business at Cornell University, where he co-teaches Applied Portfolio Management and co-manages the student-run Cayuga Fund. Prior to joining OSAM, he was a Senior Research Analyst on the Systematic Equity team at BSAM. Meredith was a Director at Oracle Corporation and spent eight years as a technology professional before attending the Johnson School at Cornell University. He holds a B.A. from Colgate University, an M.B.A. from Cornell University and an M.A. of Financial Mathematics from Columbia University. He is also a CFA charterholder. Meredith lives in Chappaqua, New York with his wife and three children.
Andrew Mulderry is Co-Chief Investment Officer at Willett Advisors, the investment arm for the family office of Michael Bloomberg. In this role, Andrew oversees the illiquid investment areas of Willett’s portfolio, including private equity, venture capital, special situations and credit. Andrew joined Willett in 2011 to initiate and lead direct investment efforts, which include private equity (both direct and co-investment) and select, public equity investments. These activities represent an important element of Willett’s investment strategy and focus on the following industry sectors: technology, media and telecommunications, business, information and healthcare services, consumer retail and financial services.
Prior to joining Willett, Andrew worked in private equity for twelve years at Thomas H. Lee Partners and Alta Communications. He started his career in the analyst program at Morgan Stanley & Co. in mergers and acquisitions and received his undergraduate degree from the University of Virginia and MBA from Harvard Business School.
Barbara G. Novick is the Co-Founder and Vice Chair of BlackRock and a member of their Global Executive Committee, Enterprise Risk Committee and Geopolitical Risk Committee. From the inception of the firm in 1988 to 2008, Novick headed the Global Client Group and oversaw global business development marketing and client service across equity, fixed income, liquidity, alternative investment and real estate products for institutional and individual investors and their intermediaries worldwide. In her current role, she oversees the firm's efforts globally for public policy and for investment stewardship.
Novick has authored numerous articles on asset management and public policy issues. She serves as Vice Chairman of Cornell University’s Board of Trustees and is a member of the Executive Committee of the Investment Company Institute. She is also a member of MSCI’s Editorial Advisory Board, Center for Financial Stability Advisory Board, Millstein Center for Global Markets and Corporate Ownership Advisory Board and Peterson Institute for International Economics Board of Directors. She previously served as both Treasurer and Trustee of Westchester Jewish Center (1994 - 2012) and coached in the Westchester Youth Soccer League (1999 - 2015). Novick earned a BA degree, cum laude, in economics from Cornell University.
Patrick Pace, M.D.
Pat Pace is a Managing Director overseeing the University of Texas/Texas A&M Investment Management Company’s (UTIMCO) Private Equity team. He also sits on UTIMCO’s Leadership Team and Investment Committee. Pace joined UTIMCO after working with EDG Partners as an Advisor. He previously served as Managing Director at Citadel Investment Group. Prior to Citadel, Pace led healthcare high yield and distressed debt investing as part of AIG Investments, served as a Senior Analyst covering the medical device industry at UBS and worked in Equities at Credit Suisse First Boston. Pace began his career as a resident in Otolaryngology (ENT) at the University of Virginia Hospital.
Pace serves on the boards of MMIS, Inc, and Encision (ECIA), as well as Executive Chairman of Nanospectra Biosciences. He serves on the Advisory Council for the UT-Health School of Biomedical Informatics and on the Investment Committee for the St. David’s Foundation.
Pace received a Bachelor of Arts, with Honors in Psychology, from Vanderbilt University and a Doctor of Medicine from The University of Texas Medical School at Houston.
The 11th annual University of Virginia Investing Conference (UVIC) took place at UVA’s Darden School of Business, 8–9 November 2018. UVIC served as a cornerstone of the UVA-wide programming dedicated to reflecting on the 10th anniversary of the global financial crisis. This year’s speakers and program looked to both the past and the future, and focused on what we have learned since the crisis unfolded and what we need to know moving forward. The conference was hosted by Darden's Richard A. Mayo Center for Asset Management and the UVA McIntire School of Commerce Center for Investors and Financial Markets.
Read the synopsis
The 10th annual University of Virginia Investing Conference explored the current economic and political landscape, discussed the history of economic booms and market collapses, identified opportunities in a changing active-passive setting and explored alternative asset classes such as real estate and hedge funds.
The conference built on a record-setting year in 2016 by hosting the full [email protected] Investing Challenge and also hosted a leading women in investing breakfast with Darden School Foundation Board of Trustees Chair, Elizabeth Weymouth (MBA ‘94) and President and CEO of Investure, Alice Handy.
A single question dominated the ninth annual University of Virginia Investing Conference: Now what?
After an unprecedented U.S. presidential election produced Donald Trump as president-elect, conference speakers and audience members alike wanted to know what’s next for the U.S. economy, global markets and equity investments.
2016 Highlights included a Darden @Virginia Investing Challenge that welcomed a record 18 schools and the first-ever Darden Capital Management (and Darden school) Facebook Live streaming interviews, and interviews with speakers conducted by students. For those who missed the conference, some recap appeared across different channels:
- Broad conference overview, featuring video interviews with Steve Rattner and Jerome Booth available here
- A WSJ podcast featuring an interview with the winning team at the Darden @ Virginia Investing Challenge
- An in-depth ‘Ideas to Action’ Piece recaps some of the broader global geopolitical panel takeaways
- Facebook Live interviews with Darden Capital Management students now on the school’s FB page
- The Role of the Active Investor Ideas to Action piece.
The 8th annual University of Virginia Investing Conference (UVIC) focused on investing in a low-return world. Financial analysts, portfolio managers, economists, academics, students, private investors and industry executives joined together to hear from knowledgeable speakers and panelists with diverse insights and backgrounds.
The 7th annual University of Virginia Investing Conference (UVIC) focused on the ideas needed to invest successfully in the innovation economy. As disruptive innovation shakes up industries at an accelerating pace, investors must excel at identifying true innovation and understanding its investment implications.
At UVIC, Darden's top-ranked faculty convened global thought leaders and hundreds of professional asset managers and discussed the following questions:
- What factors will drive future growth?
- What do the answers imply for the classic tasks of investors: asset selection, portfolio allocation and risk management?
- Which new products will truly revolutionize an industry?
- What's ahead in digital health care, cybersecurity, energy, technology and monetary policy?