Taming Tail Risk - Uses of VIX® Futures and Options

Joanne Hill has over 30 years of experience in leadership roles in investment strategy at investment banks and asset managers with a focus on index and quantitative products, derivatives, along with volatility and risk management. She currently serves as Chief Advisor for Research and Strategy at Cboe Vest, a fund manager, specializing in option-based investments. Prior to these roles, she was Head of Institutional Investment Strategy at ProShares, and also spent 17 years at Goldman Sachs, where she was a Managing Director leading global equity index and derivatives research and advising institutional investors on index and risk management strategies. She is a recipient of the William F. Sharpe Indexing Lifetime Achievement Award and has published extensively on quantitative investment topics, index products, and derivatives. Joanne is a co-author of A Comprehensive Guide to Exchange-Traded Funds (ETFs) published by the CFA Institute Research Foundation. She was one of the ten inaugural recipients of the Top Women in Asset Management Awards. She serves on the Board of Governors of the CFA Institute, as Chair of the CFA Institute Research Foundation Board, and on the Board of the 'Q' Group (Institute for Quantitative Finance). She was a Founding Member and the first Co-President of Women in ETFs. She also serves on the Advisory Council and Editorial Board of the Financial Analysts Journal. Prior to her career on Wall Street, she was on the faculty of the University of Massachusetts (Amherst). and is currently an Adjunct Professor at College of Charleston. She has a Ph.D. in Finance and M.B.A, from Syracuse University, an M.A. in International Affairs from George Washington University, and graduated with honors from American University’s School of International Service.

Berlinda Liu is a Senior Director of Index Product Strategy in Cboe Global Markets. Her team is responsible for the product management of Cboe Global Indices, which cover a variety of derivatives-based index solutions including VIX, options strategies, target outcome, income generation, risk management, asset allocation, liquid alternatives and retirement-focused investment. Prior to her current role, Berlinda was a Director in the product management team and R&D team in S&P Dow Jones Indices, where she was responsible for product coverage of derivatives-based indices. Berlinda has two master’s degrees from Carnegie Mellon University, in Computational Finance and Information System Management, respectively. She completed her bachelor's degree in Wuhan University. Berlinda is a CFA charter holder and a member of the CFA Society New York.

Matt Moran is Head of Index Insights at Cboe Global Markets. In this role, Moran is focused on the exchange's educational efforts for pension funds, Registered Investment Advisors (RIAs), mutual funds, and other institutional investors. He has traveled to more than 100 cities worldwide to educate investors and deliver financial presentations. Prior to joining Cboe, Moran served as Trust Counsel at Harris Bank and Vice President at the Chicago Mercantile Exchange. He is an associate editor of The Journal of Beta Investment Strategies and has written articles for several financial publications, including The Journal of Trading and The Journal of Alternative Investments. Moran holds MBA and JD degrees from the University of Illinois at Urbana-Champaign.

Alex joined the Office of Investments in 2017 as a Risk Specialist. In his role, he supports the market and liquidity risk management functions of the endowment. In addition, he evaluates managers for the endowment’s volatility and protection strategies. From 2013 to 2017, he was a partner at Copia Capital where he led their quantitative equity and risk efforts. Previously, he was a quantitative analyst at 2100 Capital Group in their managed futures group. Alex holds an MBA in Analytic Finance from the University of Chicago Booth School of Business, where he received the Outstanding Academic Award for highest GPA in his graduating class. He earned his BA in Economics from the University of Chicago. He is a CFA Charterholder and a Chartered Alternative Investment Analyst.