LIST OF CONTRIBUTORS
Mike Bagatti is Vice President for Carr Futures where he heads the Eurodollar options desk on the floor of the CME. Before joining Carr Futures, he served in the same capacity with Dean Witter Institutional Futures and Discount Corporation of New York Futures.
Terry Belton is Managing Director and head of U.S. fixed income strategy at J.P. Morgan. He also serves as global head of derivatives strategy. He was formerly Director of Research for Discount Corporation of New York Futures, a Senior Economist at Freddie Mac, and an Economist at the Federal Reserve Board in Washington, D.C. Terry is also Adjunct Professor at the University of Chicago and is co-author of The Treasury Bond Basis (McGraw-Hill, 1994) and Eurodollar Futures and Options: Controlling Money Market Risk (McGraw-Hill, 1991). Terry received a Ph.D. in economics from the University of Michigan in 1983.
Galen Burghardt is Senior Vice President and Director of Research for Carr Futures. He is also Adjunct Professor of Finance at the University of Chicago Graduate School of Business. His research career includes stints with Dean Witter Institutional Futures, Discount Corporation of New York Futures, the Chicago Mercantile Exchange, and the Research Division of the Federal Reserve Board. He holds a B.S. and Ph.D. in economics from the University of Washington. He is the lead author of The Treasury Bond Basis (McGraw-Hill, 1994) and Eurodollar Futures and Options: Controlling Money Market Risk (McGraw-Hill, 1991).
Kevin Ferry is Vice President and a futures broker for Commerz-bank Futures and was First Vice President at Carr Futures when he contributed to the research in this book. He holds a B.A. in economics from John Carroll University.
William Hoskins, Ph.D., is the Director of Fixed Income Research at Mellon Capital Management. His research focuses on enhancing bond portfolio returns by combining rich-cheap valuation models with futures and options to control risk. His experience in fixed income markets includes research positions with Dean Witter Institutional Futures and Barclays Global Investors. He received his doctorate in finance from the University of Chicago.
Niels Johnson is a Fixed Income Research Officer and Principal at Barclays Global Investors currently developing active credit selection strategies for pension and hedge funds. Niels began his career in fixed income research at Merrill Lynch in 1990 later working at Barra and Nomura. He had the great privilege of working for and learning from Galen Burghardt at Dean Witter for several years.
Susan Kirshner is a Director of Business Development at Ritchie Capital Management. She was Vice President with Dean Witter Institutional Futures when she assisted with the research notes incorporated in this book. Since that time she has worked with OTC instruments and risk management issues at the Bank of Montreal and Arthur Andersen. She received her M.B.A. in finance and marketing from Northwestern University’s Kellogg Graduate School of Management and a B.S. in computer science engineering from the University of Illinois.
Morton Lane is President of Lane Financial, LLC, a broker-dealer engaged in consulting and transaction activity in securitization and reinsurance. Prior to starting his own firm in reinsurance risk management, Morton held leadership positions in financial futures and options at Bear Stearns and Discount Corporation of New York Futures, among others. Morton is a prominent speaker and writer on insurance and securitization. In 1999 he was awarded the Reinsurance Broking Initiative of the Year by The Review and in 2001 he was awarded the Charles A. Hachemeister Prize by the Casualty Actuarial Society for his work on pricing. In 2002 he produced Alternative Risk Strategies, an edited volume about insurance securitization, and has co-authored two books, The Treasury Bond Basis (Probus, 1989) and Eurodollar Futures and Options: Controlling Money Market Risk (McGraw-Hill, 1991). Morton earned his B.Soc.Sc. from Birmingham University, and his Ph.D. in mathematics, business administration and computer science from the University of Texas at Austin.
Lianyan Liu is Quantitative Financial Analyst with Carr Futures. He holds a B.S. in nuclear physics from Fudan University in Shanghai, China, and a Ph.D. in nuclear engineering from North Carolina State University. Before joining Carr, he did research on radiation transport modeling and its application in oil exploration, and radiotherapy physics.
Geoffrey Luce is currently Director and Manager of the Merrill Lynch Eurodollar desk at the Chicago Mercantile Exchange. He has been brokering Eurodollar futures and options for the past 14 years. His contributions to this volume were made when he was part of the brokerage team at Discount Corporation of New York Futures and where he was co-author of Eurodollar Futures and Options: Controlling Money Market Risk (McGraw-Hill, 1991). Prior to coming to the floor, he received an M.B.A. from the University of Chicago and an M.Sc. from the London School of Economics.
Scott Lyden was a Vice President at Carr Futures when he performed the research reported in this book. After leaving Carr, he worked on topics in credit risk and corporate bond portfolio management at Barclays Global Investors and ran a quantitative market-neutral equity hedge fund. Lyden holds undergraduate and graduate degrees in economics from the University of Chicago. He is currently taking some time off to play competitive badminton.
Rick McVey is Chief Executive Officer and founder of Market-Axess Corporation. Before founding Market-Axess, Rick was Managing Director and head of Fixed Income Sales at J.P. Morgan where he managed the institutional distribution of corporate, government, mortgage backed, asset backed, structured product and derivative sales to investors. From 1992 to 1996, Rick led J.P. Morgan’s North America futures and options group. His contributions to this volume were made while he was with Discount Corporation of New York Futures, where he began his securities career and where he was co-author of Eurodollar Futures and Options: Managing Money Market Risk (McGraw-Hill, 1991). He holds an M.B.A. from Indiana University and a B.A. in finance from Miami (Ohio) University.
George Panos is Vice President/Research for Carr Futures, where he conducts courses on futures and options and offers risk management services to clients. Before entering the futures brokerage industry, he brokered bonds, clerked stock at the Chicago Board Options Exchange, and worked on new contract development at the Chicago Board of Trade. He holds a B.S. in business from the University of Illinois at Chicago and an M.B.A. from DePaul University.
Frederick Sturm is Senior Economist at the Chicago Board of Trade, where he designs futures and options contracts. Besides having served in the Research Department of Carr Futures, he was formerly Director of Futures and Options Research for Fuji Securities Inc. and First Vice President of Research for Kleinwort Benson Government Securities. He holds an M.A. and M.Phil. in economics from Columbia University.
Eric Zhang is Quantitative Financial Analyst with Carr Futures. He earned his Ph.D. in physics from the University of Illinois at Chicago and his B.S. from the National Defense University of Science and Technology in China. He is currently an M.B.A. student in the Graduate School of Business at the University of Chicago.