Professor Ludwig B. Chincarini brings to USF over fifteen years of professional experience in the financial industry, specializing in portfolio management, quantitative equity management, and derivatives. He is the author of the industry standard Quantitative Equity Portfolio Management, and a new book about the financial crisis, The Crisis of Crowding. At present, Professor Chincarini serves as an advisor to USCF Investments, the leading commodities firm for exchange-traded funds (ETFs).
Professor Chincarini's past positions include being a member of the academic council of Index IQ, which was bought by NY Life in 2015, where he was instrumental in creating and developing some of the newest alternative ETFs, like QAI (the first hedge fund replicator), CPI (the first real return-inflation hedged vehicle), and MNA (the first risk-arbitrage ETF). He was on academic council to FutureAdvisor, which Blackrock bought in 2015. He was Director of Research at Rydex Global Advisors (now Guggenheim), where he co-developed the S&P 500 equal-weight index and helped launch the Rydex ETF program.
He also helped build an internet brokerage firm, FOLIOfn, designing its innovative basket trading and portfolio management platform. He also worked at the Bank for International Settlements (BIS) (the “Central bank for central banks”) and Schroders.
Leveraging knowledge, theory, tools, and practice, Dr. Chincarini prepares his students to enter financial careers in an ever-expanding digital age, where information and monetary exchange occurs instantaneously and variable shifts can affect global markets.
- Ph.D., Economics, Massachusetts Institute of Technology, 1995
- B.A., Economics (Summa Cum Laude), University of California at Berkeley, 1991
- Academic Council, IndexIQ, 2006 - 2015
- Advisor to FutureAdvisor 2013 - 2015
- Editorial Advisory Board, Journal of Investment Consulting, 2013 - present
- Director of Research, Rydex Global Advisors (Guggenheim Investments), 2002 - 2003
- Assistant Professor of Economics, Pomona College, 2007 - 2012
- Adjunct Professor, Georgetown University McDonough School of Business, 2003 - 2007
- Director of Research and Senior Management, Folio Investing 1999 - 2002
- Selected Publications
The Crisis of Crowding: Quant Copycats, Ugly Models, and the New Crash Normal, Bloomberg/Wiley, 2012
Quantitative Equity Portfolio Management: an Active Approach to Portfolio Construction and Maintenance, McGraw-Hill, 2006 (with Daehwan Kim)
Hedge Funds: An Introduction," Chapter 1, Research Handbook on Hedge Funds, Private Equity and Alternative Investments, Edgar Publishing, 2011
Measuring Hedge Fund Timing Ability Across Factors," Journal of Investing, Winter 2011 (with Alex Nakao)
A Multi-Asset Approach to Inflation Hedging for a US Investor," Journal of Portfolio Management, Spring 2011 (with Salvatore Bruno)
- Awards & Distinctions
Peter W. Gonzales Jr. Award for Adjunct Faculty Teaching Excellence, McDonough School of Business, Georgetown University, 2006
Departmental Citation and Earl Rolph Prize, UC Berkeley, 1991