MOSES MAXFIELD, CFA, CAIA
Henrico,USA
Overview
27
27
years of professional experience
Work History
Investment Officer
Virginia Retirement System
Richmond, USA
08.2006 - 08.2024
- Company Overview: VRS manages $105 billion for the Commonwealth of Virginia
- Risk Based Investments (RBI Portfolio): Managed a portfolio of $2.5 billion with strategies designed to diversify fund risk
- Investments included managed futures, alternate trend programs, global macro mandates, structured risk products, volatility mandates, convertible arbitrage, and other multi-strategy exposures.
- Due diligence of the external money managers in the RBI program- responsibilities included evaluating complex investment strategies, modeling strategy exposures (individually and in aggregate), and monitoring overall program exposures to ensure compliance with policy guidelines and objectives
- Manager Attribution: Use third-party and in-house tools to evaluate manager performance against appropriate benchmarks.
- Analysis involves sector, industry, country, and currency attribution
- This helps the portfolio manager to tilt the portfolio with a view of forward expectations.
- Risk Management: Total fund risk analysis.
- Utilized MSCI’s Barra platform to model holdings or returns in the case of Hedge Funds, to monitor fund level risk and tracking error
- Responsibilities included ensuring data flow from the custodian, from external vendors for company level private equity information, and from external credit managers to model high yield portfolios
- Risk analysis also included stress and scenario analysis, breakdown of risk by macro factors, and diversifiers/contributors to total risk and active risk by managers
- Reporting: Monthly Board packet which included– fund asset class breakdown, market indicators – ISM data, aggregation of equity, commodity, and fixed income indices
- Factor returns by style, value, quality, momentum to name a few
- Public Market Equivalent for Alternative Assets (Private Equity and Credit Strategies): Cash flow analysis of leveraged and un-leveraged funds
- This analysis helps in the due diligence of prospective general partners, by comparing performance against the appropriate benchmark
- The PME, and IRR analysis helps evaluate the past performance of the GP
- Automated Hedge Fund Liquidity Initiative: Designed and implemented automated hedge fund liquidity monitoring system at the plan level to optimally manage upcoming cash flow opportunities
- Designed a system to consolidate hedge fund managers’ exposures and allowed analysis by country/region, sector/industry, currency, strategy/style, asset class
- VRS manages $105 billion for the Commonwealth of Virginia
- Monitored the performance of investments, recommending changes when necessary.
Senior System Analyst
Blue Chip Consultants Limited
Singapore, SINGAPORE
01.1998 - 01.2003
- Implemented hedge fund system for JL Capital, Singapore to manage portfolio of $50 million, which generated revenue of $1.2 million in a year
- Led five-person multinational development team
Consultant
IFLEX Solutions India Limited
Mumbai, INDIA
01.2004
- Led three–member team handling offshore project development for Shinsei Bank Japan
- Raised efficiency 15% by implementing data warehousing system
- Increased operations 25% by replacing existing legacy system of the bank at 10% the cost and 33% of the development time, using Flexcube
Consultant
ATOS Origin Limited
Mumbai, INDIA
01.2003
- Completed offshore development of Corp Tax system for Deloitte & Touche, ahead of schedule and 10% under budget
- Improved report inventory and saved $300,000 for major Fortune 100 companies by implementing the system, which consolidates tax returns from each of the companies’ enterprises
Education
Master of Business Administration -
The College of William & Mary - Mason School of Business
Williamsburg, VA05.2006
Bachelor of Engineering - Electronics
University of Mumbai
Mumbai, INDIA05.1995
Skills
- SQL Server
- MATLAB
- VBA
- Bloomberg
- Oracle
- Stata
- Microsoft Suite
- Python
Timeline
Investment Officer
Virginia Retirement System
08.2006 - 08.2024
Consultant
IFLEX Solutions India Limited
01.2004
Consultant
ATOS Origin Limited
01.2003
Senior System Analyst
Blue Chip Consultants Limited
01.1998 - 01.2003
Master of Business Administration -
The College of William & Mary - Mason School of Business
Bachelor of Engineering - Electronics
University of Mumbai
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