David Byrket, CFA
David Byrket has wide-ranging experience as a portfolio manager involved with quantitative investment strategies, most recently at System Two Advisors. In addition to portfolio management, Byrket researched enhancements to the investment process including stock selection, risk control, and implementation. Prior to joining System Two Advisors, Byrket was a managing director and portfolio manager at BlackRock – co-leading BlackRock’s active quantitative equity team where he and his team managed mutual funds as well as portfolios for state pension plans, sovereign wealth funds, and institutional pension plans. Previous to BlackRock, he was a managing director at Weiss, Peck & Greer where he co-led the Quantitative Equities Group. Byrket received his bachelor of arts degree, phi beta kappa, magna cum laude, in economics and psychology from Duke University.
Dan Cardell, CFA
In his current role as the chairman of the board of directors of the CQA, Dan Cardell is uniquely positioned to interact with leading academics and practitioners in the area of quantitative finance. Early in his career he was involved with the development of successful quantitative investment strategies at firms such as Continental Bank in Chicago, Mellon Bank in Pittsburgh and Maryland National Bank in Baltimore. He is the former director of equities at Weiss, Peck & Greer in New York and before joining WPG was a senior vice president and director of equities at Bank of America. He also served as president and chief investment officer of Wintrust Capital Management in Chicago. More recently, he has been teaching finance and investments in the MBA program at the University of Illinois at Chicago. Cardell received his Bachelor of Science in finance from Wilkes University and an MBA from the University of Pittsburgh.
David Coughenour, CFA
David Coughenour was a founding partner and chief investment officer – Equities at Chicago Equity Partners, LLC. Chicago Equity Partners is an institutional asset management firm serving the corporate, sovereign wealth, public funds, endowment/foundation, Taft-Hartley, and sub-advisory markets.
He was responsible for investment policies, strategies, and research across the equity asset class. He was also the chairman of the Investment Committee and Asset Allocation Committee in addition to being a member of the firm’s Management Committee. Coughenour has over 25 years of portfolio management and research experience.
Prior to forming Chicago Equity Partners in 2000, Dave was a portfolio manager for large, mid, and small cap strategies on the quantitative equity team at Bank of America in Chicago. His primary emphasis was on the energy and industrials sectors. He began his career in investments in 1989 as a quantitative analyst at Continental Bank. Coughenour received his Bachelor of Arts degree in psychology from Duke University. He holds the Chartered Financial Analyst (CFA) designation and is a member of the CFA Institute and the CFA Society of Chicago. Additionally, he is a board member of the Chicago Quantitative Alliance.
Todd D. Doersch
Todd Doersch heads the U.S. operations of Nexus Risk Management and is its global CIO. Before joining Nexus, Doersch was Managing Director and Head of Product Management at Wayne Hummer Asset Management, LLC. In recent years, Doersch has been active in the early stage venture world as an advisor to Independence Equity based in Northbrook Ill., an advisor and investor in several start-ups, and as a member of two angel investing groups in Chicago. Throughout his career in investment management, Doersch has demonstrated his analytical expertise in risk management and portfolio design and construction. Doersch held several senior leadership roles within BARRA, Inc. for over a decade, including president and CEO of BARRA RogersCasey Investment Consulting. He also established and was the President and CEO of Cognitive Investment Management LLC a firm specializing in market-neutral strategies based on research from the field of Behavioral Finance. In the mid 1990s, Doersch was a Trustee and Vice Chair of the San Mateo County Retirement System. Doersch was educated at Stanford University where he received two Bachelor of Arts degrees with distinction and was elected to Phi Beta Kappa, and at Harvard Business School, where he earned his MBA degree. Doersch currently serves on the boards of the International Center for Futures and Derivatives and the Chicago Quantitative Alliance.
Tommy Huie, CFA
Tommy Huie, CFA, is currently serving as an advisor to financial services organizations, leveraging his experience in portfolio management and research, wealth management, business strategy, and risk analysis. He has served as president and chief investment officer for several business units, most notably with the U.S. offices of BMO Global Asset Management, and its predecessor, M&I Investment Management Corp. Previously, he has held positions at T. Rowe Price Associates, RJR Investment Management Corp., Richards & Tierney, Inc., TRW Investment Management Co., and U.S. Fiduciary Services, Inc.
Huie graduated from Rice University in 1987 with a Bachelor of Science degree in electrical engineering and a Bachelor of Arts degree in mathematical sciences. He also earned a MBA degree from Booth Graduate School of Business at the University of Chicago.
He was elected to the board of trustees of Rice University in 2017, and also is a member of the Council of Overseers for Jones Graduate School of Business at Rice University.
George U. “Gus” Sauter
Gus Sauter retired from his role as Vanguard’s first global chief investment officer at the end of 2012, after 25 years with the company. As Vanguard’s CIO, he was a member of the CEO’s senior staff, and he oversaw portfolio management of Vanguard’s $1.7 trillion of internally managed stock, bond, and money market funds. He also was a member of the investment committee that oversaw the portfolio management of the external advisors that Vanguard used.
Sauter worked on industry issues with governmental entities including the SEC, and the Federal Reserve, as well as providing Congressional testimony. He served as a member of various industry committees, including the Investment Company Institute Trading Committee, the NYSE Institutional Advisors’ Trading Committee, the NASDAQ Quality of Markets, and the Securities Industry Association Trading Committee. He participated on the AIMR (now CFA Institute) Best Execution Task Force.
He currently is a member of the Financial Industry Regulatory Authority (FINRA) Investors Advisory Group and three investment committees for a foundation, an endowment and an Australian retirement fund. He is a member of the University of Chicago Booth School Council for the dean, and he is the chairman of the Booth School’s alumni fundraising committee. He also writes articles for The Wall Street Journal online edition. He received his bachelor’s degree from Dartmouth College in 1976 and his MBA from the University of Chicago in 1980.
Greg Forsythe is founder and president of Revelation Investment Research, a boutique equity research firm specializing in providing downside risk avoidance tools for institutional investors.
Forsythe started his investment career at Zacks Investment Research in 1986. In 1991, Greg co-founded Chicago Investment Analytics (CIA), an early pioneer in quantitative equity research. CIA was the industry’s largest provider of stock selection models to institutional investors before being acquired by Charles Schwab in 2000 to help jumpstart Schwab’s evolution into a full-service advice provider. From 2000 to 2013, Forsythe served as Schwab’s Director of Global Equity Research. His team created the Schwab Equity Ratings that are used for buy/hold/sell advice by Schwab’s investment representatives, self-directed clients and actively managed equity mutual funds.
Forsythe co-founded the Chicago Quantitative Alliance in 1993 and continues to serve on it board of directors. He also served on the editorial board of the Journal of Behavioral Finance for many years. Greg received an MBA in finance from the University of Chicago and a Bachelor of Science degree in industrial engineering from Purdue University.
Alexander C. “Lex” Huberts, CFA
Alexander "Lex" Huberts (quasi-)retired as president from Mellon Capital in 2015 where he supervised over $300bn in assets under management. With over 30 years of investment experience, he continues to be active as a private investor, mentor and advisor. He published multiple articles in the FAJ, JPM and the Journal of Investing on currency strategy, equity selection (winning the prestigeous Graham and Dodd Award) and asset allocation.
Huberts has worked at the Dutch Ministry of Finance, AMRO bank, Concord Capital and various Bank of New York Mellon affiliates living in Amsterdam,Chicago, Boston and San Francisco. He was the architect and portfolio manager of the Mellon Capital GTAA strategy, served as the firm’s Director of Research, started the hedge fund Coefficient Global and served as the chief investment officer of fixed income firm, Standish.
Huberts received a bachelor of science degree and a master's in economics from Tilburg University in the Netherlands.
Keith Quinton, CFA
Keith Quinton retired at the end of 2014 after a career of 30 plus years in the investment industry. During his career, Quinton developed some of the first “quantimental” approaches, built some of the first sector relative, sector specific quantitative models for U.S. and global markets and has had a particular focus on portfolio construction and risk models.
Quinton spent the last 13 years of his career at Fidelity Investments in Boston, where he ran the Disciplined Equity Fund and a variety of other retail and institutional portfolios.
Prior to joining Fidelity, Quinton held a wide range of research and investment positions across the industry at MFS, Santander Global Advisors, Putnam Investments, Eberstadt Fleming, Falconwood Securities Corporation and Drexel Burnham Lambert.
Born in 1958, Quinton earned a Bachelor of Arts degree in Russian from Dartmouth College in 1980 and an MBA from the Tuck School at Dartmouth College in 1982. He is a CFA charter holder and a member of CQA.
Quinton is currently a lecturer at The Tuck School at Dartmouth College where he covers many aspects of investment management from a practitioner’s perspective. He serves on the Independent Investment Committee (IIC) for the New Hampshire Retirement System and is a Director of the State of New Hampshire Municipal Bond Bank.
Thomas Philips, Ph.D.
Thomas K. Philips, Ph.D. teaches quantitative portfolio management and valuation theory in the Department of Financial and Risk Engineering at NYU’s Tandon School of Engineering. He recently retired from BNP Paribas Asset Management, where he was the Global Head of Front Office Risk for its Institutional Division. Prior to managing risk for BNP Paribas Asset Management, he was the senior risk manager for Malbec Partners, a sister firm that was focused on hedge funds.
He joined Malbec Partners from OTA Asset Management, a multi-strategy hedge fund in Purchase, N.Y., where he was head of investment strategy and risk control. In that role, Philips oversaw a diverse set of hedge fund strategies and developed a number of tools, analytics and techniques to measure, monitor and control risk. Prior to joining OTA, he was chief investment officer at Paradigm Asset Management, and a managing director at Rogers, Casey and Associates, where he had joint responsibilities in Research and in Alternative Investments. Earlier, Dr. Philips spent eight years at the IBM Corporation – his first five conducting research on problems in Operations Research, Computer Science and Applied Mathematics at the IBM Thomas J. Watson Research Center; and the last three at the IBM Retirement Fund.
He has published over 30 articles on a wide range of topics in finance, engineering and mathematics. In 2000, he received the first Bernstein / Fabozzi / Jacobs-Levy award for his paper “Why Do Valuation Ratios Forecast Long Run Equity Returns,” which appeared in the Journal of Portfolio Management, and in 2008, he received the Graham and Dodd Scroll Award for his paper “Saving Social Security: A Better Approach," which appeared in the Financial Analysts Journal. Philips received his Ph.D. in electrical and computer engineering from the University of Massachusetts at Amherst, where he was elected a fellow of the graduate school and also elected to Tau Beta Pi.