Phillip serves as Deputy CIO on Rayliant’s CIO committee, acts as a portfolio manager on the firm’s active institutional strategies, and leads a team of researchers with a focus on systematic, data-driven approaches to asset allocation and return predictability within asset classes. In his two decades in the industry, Phillip’s work has spanned from macroeconomic analysis and development of broad asset allocation strategies to specific research in the areas of equities, fixed income, and alternative assets.
Prior to joining Rayliant, Phillip was an assistant professor of Finance at the State University of New York in Buffalo, where he pursued research on quantitative trading strategies and investor behavior, and taught investment management. Before that, he worked as a research analyst covering alternative investments for Hammond Associates, an institutional fund consultant. Phillip’s research has been published in top academic journals, including the Journal of Portfolio Management and the Journal of Index Investing, and his views on markets and investing are frequently featured in the financial media, including CNBC, Bloomberg, Barron’s, and the Financial Times.
Phillip received a BA in economics and a BSBA in finance and accounting from Washington University in St. Louis, and earned his Ph.D. in finance from UCLA, where his research focused on the portfolio holdings and trading activity of mutual fund managers and activist investors.