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Hossein Kazemi received his PhD from the University of Michigan, Ann Arbor and is a senior adviser to the CAIA Association. He is theMichael and Cheryl Philipp Professor of Finance at the University of Massachusetts–Amherst, Director of the Center for International Securities and Derivatives Markets, a cofounder of the CAIA Association, and Editor-in-Chief of The Journal of Alternative Investments– the official publication of the CAIA Association. He was a managing partner at Schneeweis Partners and Alternative Investment Analytics. He has authored or coauthored more than 30 scholarly articles and is a coauthor of The New Science of Asset Allocation: Risk Management in a Multi-Asset World (2010, John Wiley & Sons) and Postmodern Investment (2013, John Wiley & Sons).

Keith Black received his PhD at the Illinois Institute of Technology, Chicago. He serves as Managing Director of Curriculum and Exams at the CAIA Association. He was previously an Associate at Ennis Knupp and an Assistant Professor at Illinois Institute of Technology. He is a member of the editorial board of The Journal of Alternative Investments. He is also a CFA Charter Holder and a member of the inaugural class of CAIA candidates. He is the author of Managing a Hedge Fund (2004, McGraw-Hill). He was named to Institutional Investor magazine's list of “Rising Stars of Hedge Funds” in 2010.

Don Chambers received his PhD from the University of North Carolina, Chapel Hill. He is Associate Director of Programs at the CAIA Association; the Walter E. Hanson/KPMG Professor of Finance at Lafayette College in Easton, Pennsylvania; and Chief Investment Officer of Biltmore Capital Advisors. Professor Chambers previously served as Director of Alternative Investments at Karpus Investment Management. He is a member of the editorial board of The Journal of Alternative Investments. He is also a CAIA Charter Holder and the primary author of Alternative Investments: CAIA Level I, third edition (2015, John Wiley & Sons).

Mark Anson is Chief Investment Officer of Commonfund. He is responsible for overall client asset allocation, portfolio management, manager research and due diligence across equities, fixed income, and hedge funds. Prior to joining Commonfund, he was Chief Investment Officer for the Bass Family Office. Previously, Mark has served as President of Nuveen Investments, Chief Executive Officer and Chief Investment Officer for Hermes Pension Management and for the British Telecom Pension Scheme, and the Chief Investment Officer for CalPERS. Mark currently serves on the Executive Advisory Board of MSCI-Barra, The Investment Advisory Council of the UAW Pension Fund, the Law Board of Northwestern University School of Law, and the Board of Directors for the Chartered Alternative Investment Association. Mark earned a BA in Economics and Chemistry from St. Olaf College, a JD from Northwestern University School of Law, and a PhD and Master's in Finance from Columbia University Graduate School of Business.Mark earned the Chartered Financial Analyst, Chartered Alternative Investment Analyst, Certified Public Accountant, and Chartered Global Management Accountant professional degrees, and is a Member of the Bar of the State of New York and the State of Illinois.

Jim Campasano is the President of Marshall James Capital, LLC, an advisory firm focusing on volatility products. A graduate of Harvard University with a degree in Economics, cum laude, he received a JD from Vanderbilt University School of Law and is a PhD candidate in finance at the Isenberg School of Management, University of Massachusetts–Amherst. Prior to Marshall James Capital, Mr. Campasano worked as a portfolio manager at Vicis Capital and Millennium Limited Partners, where he ran a long volatility, cross-asset portfolio. He contributed to Chapter 30 (Volatility, Correlation, and Dispersion Products and Strategies).

Michal E. Crowder received her JD from Northwestern University School of Law in Chicago and has a Master of Arts in Political Science from Northwestern University. Ms. Crowder has worked for several hedge fund and investment management firms over the past eight years and has traveled extensively throughout Europe and Asia. She is fluent in four languages and supports a number of not-for-profit endeavors. Ms. Crowder is licensed to practice law in Illinois and currently clerks for the Honorable Judge Abdul Kallon in the United States District Court of Northern Alabama. She is the primary author of Chapter 34 (Regulation and Compliance).

Satyabrota Das has more than 10 years of experience working in financial markets. He has developed and traded hedge fund and CTA replication products using liquid exchange-traded securities. Most recently, he developed an interactive web-based replication program that allows investors to create customized replication portfolios. Previously, he supported the Alternative Commodity Benchmark Index, a secondgeneration commodity index, for Alternative Investment Analytics, LLC.He is a CFA and CAIA Charter Holder, and is working on his PhD at the Isenberg School of Management, University of Massachusetts–Amherst.He is the primary author of Chapter 31 (Hedge Fund Replication).

Malay K. Dey is currently a senior partner of FINQ LLC, a diversified financial technology startup.He held faculty positions at the University of Illinois at Urbana Champaign, Cornell University, and the University of Minnesota, Twin Cities. Professor Dey has frequently visited the Indian Institute of Management Calcutta (IIMC) and has lectured at ISI Calcutta and other leading Indian institutions. He was a Research Fellow at the Networks Financial Institute at Indiana State University (2006–2008) and served as a Vice President, quantitative trading strategy, at ITG from 2006 to 2007. Professor Dey received his PhD in Finance from the Isenberg School of Management, University of Massachusetts–Amherst. His research focuses on theoretical and empirical issues related to institutional trading and liquidity in equity markets. He contributed to Chapter 27 (Relative Value Strategies).

Jaeson Dubrovay is a Managing Director at Blackcomb Holdings, Inc., an independent investment company. Previously he was a partner and cohead of Americas advisory for Aksia, LLC, one of the largest hedge fund specialty consulting firms. Prior to that, he was the Senior Strategist, Hedge Funds, at NEPC LLC, one of the industry's leading general investment consulting firms.Mr. Dubrovay has been managing money and consulting with leading institutional investors in connection with their hedge fund portfolios for more than 25 years. In 2008, he was named the Hedge Fund Consultant of the Year (Institutional Investor) and recognized for his contribution to the Investors Committee of the President'sWorking Group on Financial Markets, on Hedge Fund Best Practices. In 2009,Mr. Dubrovay was named Consultant of the Year by Foundation & Endowment Money Management (Institutional Investor) and was the major contributor to the team at NEPC that was named PLANSPONSOR magazine's Alternative Asset Consultant of the Year. He is a CPA and CAIA Charter Holder. He holds an MBA with honors from Santa Clara University. He is the primary author of Chapter 32 (Funds of Hedge Funds and Multistrategy Funds).

Urbi Garay received a PhD in Finance from the Isenberg School of Management, University of Massachusetts–Amherst, an MA from Yale University, and a BA in Economics from Universidad Católica Andrés Bello (Caracas, Venezuela). He is a Professor of Finance at the IESA Business School (Caracas, Venezuela). He was a visiting researcher at the CISDM (2007–2008), and has been a visiting professor at various business schools in Latin America, the United States, and Europe. He has been a consultant to the Inter-American Development Bank, the Venezuelan Central Bank, and the Caracas Stock Exchange. He is a coauthor of Fundamentals of Finance (IESA, 2005) and Long Term Investing (IESA, 2007).He has published articles in The Journal of Alternative Investments, Emerging Markets Review, Emerging Markets Finance and Trade, Econometrics, Corporate Governance: An International Review, and the Journal of Business Research. He is the primary author of Chapters 14–18 (Real Estate) and 35–36 (Structured Products).

Kathryn Kaminski is a Director at Investment Strategies at Campbell & Company. Prior to her recent move to Campbell & Company, she was DeputyManaging Director at the Institute for Financial Research (SIFR) and affiliated faculty at the Stockholm School of Economics. She is a featured contributor to the CME Group. Kathryn has experience working for a CTA fund of funds as well as quant experience in both emerging fixed income and credit markets. She lectures on derivatives, hedge funds, and financial management at the Stockholm School of Economics and has lectured previously at the Swedish Royal Institute of Technology (KTH) and the MIT Sloan School of Management. Kathryn completed her PhD at MIT Sloan, conducting research on financial heuristics. Kathryn is a coauthor of Trend Following with Managed Futures: The Search for Crisis Alpha (2014, John Wiley & Sons). Kathryn is a 100-Women in Hedge Funds PAAMCO CAIA Scholar and a CAIA Charter Holder. She is the primary author of Chapters 25 and 26 (Managed Futures).

Jim Kyung-Soo Liew is an Assistant Professor of Finance at Johns Hopkins Carey Business School. Dr. Liew teaches Advanced Hedge Fund Strategies, Corporate Finance, Derivatives, Entrepreneurial Finance, Fixed Income, and Wealth Management at the Johns Hopkins Carey Business School. Prior joining Johns Hopkins, Dr. Liew taught Statistical Arbitrage at Columbia University and CUNY Baruch College, and Hedge Fund Strategies at NYU Stern School of Business, as an Adjunct Professor Prior to that, he worked in the hedge fund industry where he built and implemented systematic investment strategies. Dr. Liew currently serves on the Editorial Advisory Board of The Journal of Portfolio Management. He resides with his wife and two daughters just outside of Baltimore. He is the primary author of Chapter 28 (Hedge Funds: Directional Strategies).

George Martin is a Senior Advisor to Wood Creek CapitalManagement, a real assets investment manager that is an affiliate of MassMutual and its asset management subsidiary Babson Capital Management. At Wood Creek, he has particular responsibility for matters related to research, portfolio construction, and risk management, and with a sector focus that emphasizes mid- and upstream agriculture. He is also a Senior Research Associate for the Center for International Securities and Derivatives Markets (CISDM) at the University of Massachusetts, Amherst, and a member of the Editorial Board of The Journal of Alternative Investments. He has been commercially active in real asset investing and commodity-based investments for the past decade. He is regularly called upon to speak on various aspects of the Alternative Investment business, and frequently publishes his research. Previously, he was a Research Fellow at the Brookings Institution. He has a BA and MA from Johns Hopkins University. He is the primary author of Chapters 20 and 21 (Real Assets).

Pierre-Yves Mathonet is Head of Risk in the Private Equities Department of the Abu Dhabi Investment Authority. He is a permanent member of the EVCA's Risk Measurement Guidelines working group. He codirected the Certificate in Institutional Private Equity Investing (CIPEI) course held by the Oxford Saïd Business School's Private Equity Institute. Previously, he was the head of the private equity risk management division of the European Investment Fund (part of the European Investment Bank group), worked as an investment banker in the technology groups of Donaldson, Lufkin & Jenrette and Credit Suisse First Boston, and, earlier, for the audit and consulting departments of PricewaterhouseCoopers. Pierre-Yves has coauthored several books including Beyond the J Curve (2005, John Wiley & Sons) and J Curve Exposure (2007, John Wiley & Sons). He holds a Master of Science cum laude in Finance from London Business School and a Master of Science magna cum laude in Management from Solvay Business School in Brussels. He is also a Certified European Financial Analyst cum laude. Pierre-Yves Mathonet and Thomas Meyer are the primary authors of Chapters 7–9 and 11–13 (Private Equity and Venture Capital).

Thomas Meyer is partner and cofounder of LDS Partners, specializing in the development of investment strategies, portfolio management, cash-flow forecasting, and asset allocation models for real assets (private equity, infrastructure, real estate). Mr. Meyer was responsible for the creation of the European Investment Fund's risk management function and was a director of EVCA (now Invest Europe). He was the secretary of the EVCA Private Equity Risk Measurement Group, codirected the limited partner course delivered by the Private Equity Institute at the Saïd Business School, University of Oxford, that led to the EVCA-awarded CIPEI. He is a Shimomura Fellow of the Development Bank of Japan and was a visiting researcher at Hitotsubashi University in Tokyo. Other career stations include intelligence officer in the German Air Force and CFO of Allianz Asia Pacific in Singapore. Mr. Meyer has published several books on investment strategies and risk management for real assets. He has authored Private Equity Unchained (2015, Palgrave MacMillan) and is the coauthor of Beyond the J Curve (2005, John Wiley & Sons), J Curve Exposure (2007, John Wiley&Sons), and Mastering Illiquidity (2011, JohnWiley&Sons). Thomas Meyer and Pierre-Yves Mathonet are the primary authors of Chapters 7–9 and 11–13 (Private Equity and Venture Capital).

Putri Pascualy is a Partner and Managing Director at PAAMCO. She manages the firm's Long/Short Credit Portfolio and is the Portfolio Manager for custom portfolios for leading institutional investors. Ms. Pascualy leads the firm's investment efforts in corporate credit including high-yield bonds, bank loans, event-driven and opportunistic credit, distressed debt, and structured products. In addition to her research responsibilities, her expertise includes portfolio construction, structuring, and risk management of complex portfolios and investments throughout various market cycles. She graduated from UC Berkeley with a BA in Economics and an MBA from theHaas School of Business. Putri is also a frequent contributor to media outlets including the Wall Street Journal, Bloomberg and Bloomberg Television, U.S. News and World Report, Barron's, the Financial Times, and CNBC. She is the author of Investing in Credit Hedge Funds: An In-Depth Guide to Building Your Portfolio and Profiting from the Credit Market (2013, McGraw-Hill). She is the primary author of Chapter 29 (Hedge Funds: Credit Strategies).

Jason Scharfman is a Managing Partner of Corgentum Consulting, LLC. Corgentum is a specialty consulting firm that performs operational due diligence reviews and background investigations on fund managers of all types globally including hedge funds, private equity, and real estate funds. Mr. Scharfman is recognized as one of the leading experts in the field of operational due diligence and is the author of Hedge Fund Governance: Evaluating Oversight, Independence, and Conflicts (2014, Academic Press), Private Equity Operational Due Diligence: Tools to Evaluate Liquidity, Valuation, and Documentation (2012, John Wiley & Sons) and Hedge Fund Operational Due Diligence: Understanding the Risks (2008, John Wiley & Sons). Before founding Corgentum, he oversaw the operational due diligence function for a $6 billion alternative investment allocation group called Graystone Research at Morgan Stanley. Prior to joining Morgan Stanley, he held positions at Lazard Asset Management, SPARX Investments and Research, and Thomson Financial. Mr. Scharfman received a BS in Finance with an additional major in Japanese from Carnegie Mellon University, anMBA in Finance from Baruch College's Zicklin School of Business, and a JD from St. John's School of Law. He is the primary author of Chapters 10 and 33 (Private Equity and Hedge Fund Operational Due Diligence).

Ed Szado is an Assistant Professor of Finance at Providence College and the Director of Research at the Institute for Global Asset and Risk Management. Dr. Szado earned a PhD in Finance from the Isenberg School of Management, University of Massachusetts–Amherst, an MBA from Tulane University, and a BComm from McMaster University. He has taught at Boston University, Clark University, Providence College, and the University of Massachusetts–Amherst. He is a former options trader and has worked extensively on asset allocation and risk managed investment programs. He was a founding coeditor of the Alternative Investment Analyst Review (AIAR) and currently a member of the editorial board of The Journal of Alternative Investments (JAI). He is a CFA Charter Holder and has consulted to the Options Industry Council, the Chicago Board Options Exchange, the Chartered Alternative Investment Analyst Association, and the Commodity Futures Trading Commission. He is the primary author of Chapters 22–24 (Commodities).