Mark Anson is the Chief Investment Officer for the California Public Employees’ Retirement System (CalPERS). He has complete responsibility for all asset classes in which CalPERS invests. Dr. Anson earned his law degree from the Northwestern University School of Law in Chicago where he graduated as the Executive/Production Editor of the Law Review, and his PhD and Masters in Finance from the Columbia University Graduate School of Business in New York City where he graduated with honors as Beta Gamma Sigma. Dr. Anson is a member of the New York and Illinois State Bar Associations. He has also earned the Chartered Financial Analyst, Chartered Alternative Investment Analyst, Certified Public Accountant, Certified Management Accountant, and Certified Internal Auditor designations. Dr. Anson has authored books on credit derivatives, alternative assets, and tax and accounting issues for derivatives, as well as authoring more than 70 articles in professional journals.

Kenneth B. Dunn has served as the dean of the Tepper School of Business at Carnegie Mellon University since July 2002. This appointment followed a 16-year career managing fixed-income portfolios as managing director of Morgan Stanley Investment Management, co-director of the U.S. Core Fixed Income Team and Morgan Stanley’s Mortgage Team, and a partner of the investment firm of Miller Anderson & Sherrerd (acquired by Morgan Stanley in 1996). Prior to his position with Miller Anderson, Dr. Dunn was a tenured professor of finance and economics at Carnegie Mellon. He received the school’s Excellence in Teaching Award in 1982 and served as the Leslie Wong Distinguished Professor (a visiting position) at the University of British Columbia in 1986. He produced pioneering research regarding the application of option-based approaches to the analysis and valuation of mortgages, which has been published in leading finance journals. Dr. Dunn is currently an associate editor of the Journal of Fixed Income. He earned a doctorate in industrial administration from Purdue University in 1979 and his master’s and bachelor’s degrees in business administration from Ohio State University in 1976 and 1974, respectively.

Frank J. Fabozzi, PhD, CFA, CPA, is the Frederick Frank Adjunct Professor of Finance at Yale University’s School of Management and a consultant in the fixed income and derivatives area. He is a Fellow of the International Center for Finance at Yale University. From 1986 to 1992, he was a visiting professor of finance at MIT’s Sloan School of Management. He is on the board of directors of the BlackRock complex of funds and the Guardian Life family of funds. He is the editor of the Journal of Portfolio Management and an associate editor of The Journal of Fixed Income, The Journal of Structured Finance, and Risk Letters. In November 2002, he was inducted into the Fixed Income Analysts Society Hall of Fame. Dr. Fabozzi earned a doctorate in economics from the Graduate Center of the City University of New York in 1972 and a BA and MA in economics from the City College of New York in 1970.

Hank Lynch is Managing Director and Global Head of Currency Options at State Street Global Markets. He was previously Managing Director and Senior Options Trader in Foreign Exchange at Fleet National Bank where he was a market-maker in currency options for the bank’s global customer base and applied a proactive portfolio approach toward the risk-management and positioning of the bank’s currency derivatives portfolio. Prior to joining Fleet, he was a vice president at Scudder, Stevens and Clark, where he served on the firm’s global bond management team with a focus on portfolio allocation and quantitative strategy. While at Scudder, Mr. Lynch also worked in quantitative bond research where he was responsible for yield curve strategy, relative value analysis, and analysis of structured notes. He holds a BA from Amherst College and earned the designation of Chartered Financial Analyst.

Jack Malvey is a Managing Director and the Chief Global Fixed-Income Strategist at Lehman Brothers, with responsibility as well for Lehman’s widely followed weekly Global Relative Value publication, Global Family of Indices, and Quantitative Portfolio Strategy teams. Prior to joining Lehman Brothers as Corporate Bond Strategist in 1992, Mr. Malvey was Director of Corporate Bond Research at Kidder Peabody and an analyst at Moody’s Investor Service. A holder of the Chartered Financial Analyst designation, Mr. Malvey is a former president of the Fixed Income Analysts Society and, in November 2003, was inducted into the Society’s Hall of Fame. Mr. Malvey has lectured at the Georgetown, Wharton, Columbia, Polytechnic, and Yale graduate business schools. For the past 12 consecutive years, he has been a first-team bond strategist in Institutional Investor’s annual fixed-income research survey. In 1993, 1994, 1995, 1996, and 1997, Mr. Malvey was elected to Institutional Investor’s first team for corporate bond strategy. After moving from corporate strategist to general strategist, Mr. Malvey was selected to Institutional Investor’s first team for general fixed-income strategy in 1997, 1998, 1999, 2000, 2001, 2002, and 2003. Mr. Malvey received an AB in economics from Georgetown University and did graduate work in economics at the New School for Social Research in New York.

Mark Pitts is a Principal at White Oak Capital Management in New Jersey. Prior to forming White Oak Capital Management, Dr. Pitts was a Senior Vice President at Lehman Brothers. At that firm he created and traded interest rate swap products and also served as the Director of the Quantitative Strategies Group in the firm’s Futures Division. He has served on the editorial board of the Journal of Portfolio Management and was an associate editor of Advances in Futures and Options Research. Papers by Dr. Pitts have been published in leading academic and practitioner journals, and he is the co-author of Interest Rate Futures and Options (Probus Publishing, 1990). He has a doctorate in economics from Duke University.

Shrikant Ramamurthy is a Senior Vice President and Co-Head, Agency Group, at Greenwich Capital. Prior to that, he was a Senior Vice-President and Director of Fixed-Income Research at Prudential Securities Incorporated where he was responsible for taxable fixed-income strategy and quantitative research. He has published in the areas of hedging, asset/liability management, interest-rate swaps, futures and options, and OAS modeling. Mr. Ramamurthy has a BA from Earlham College and an MBA from Duke University.

Roberto M. Sella is a Managing Director at Morgan Stanley where he is the Co-Head of U.S. Fixed Income Investments and a member of the Mortgage and Core Plus Fixed Income teams. Prior to joining the firm, he was a consultant for the Organization for Economic Cooperation and Development in Paris. He previously worked at the Federal Reserve Board. Mr. Sella received a BS, Phi Beta Kappa, from the University of Wisconsin in Economics and an MBA in Finance from the Wharton School of the University of Pennsylvania.

Christopher B. Steward is a Vice President and portfolio advisor at Wellington Management Company, LLP where he works with portfolio managers as well as the firm’s macroanalysts and asset allocation strategists and is responsible for articulating investment strategy across different asset classes to Wellington’s clients and prospects. Mr. Steward’s prior positions include serving as a portfolio advisor to global fixed income and global asset allocation clients at Putnam Investments, and serving as a research analyst and portfolio manager within the global bond group at Scudder, Stevens and Clark. Mr. Steward also spent 5 years at the Federal Reserve Bank of New York as a senior market analyst. He holds an MA in economics from Cambridge University and a BA from Vassar College. Mr. Steward earned the designation of Chartered Financial Analyst, and was an adjunct professor at the Graduate School of International Economics and Finance at Brandeis University. He has also published other pieces on international bond investing including two chapters in Perspectives on International Fixed Income Investing published by John Wiley & Sons.