Mark Carhart is a finance researcher, market statistician and quantitative investment manager known for extending the Fama–French three-factor model with a momentum factor.[1] He is currently chief investment officer of New York quantitative hedge fund, Kepos Capital [2]
Early life and education
Mark earned his Bachelor of Arts degree from Yale University in 1988. He became a CFA Charterholder in 1991 and went on to receive his Ph.D. from the University of Chicago Booth School of Business in 1995.[3][4]
Career
Carhart served as Co–Chief Investment Officer of the Quantitative Investment Strategies Group at Goldman Sachs Asset Management, where the team oversaw more than $185 billion in assets at its peak. He was named Managing Director in 1999 and became a Partner in 2004.[4]
Prior to joining Goldman Sachs, Mark was an Assistant Professor of Finance and Business Economics at the Marshall School of Business at the University of Southern California, a Senior Fellow at the Wharton Financial Institutions Center, and a consultant for Dimensional Fund Advisors (DFA) and Mercer Global Advisors.[4]
He serves on the non-profit board of InTandem Cycling since 2013 and the Investment Committee of the Convent of the Sacred Heart New York.[5]
In 2010, he founded Kepos Capital together with Giorgio De Santis and Robert Litterman.[6]
Selected publications
- Carhart, Mark M. (1997-05-15). "Mutual Fund Survivorship". USC working paper. 97 (1): 51.
- Carhart, Mark M. (1997). "On Persistence in Mutual Fund Performance". The Journal of Finance (52): 57–82.
References
- ^ Falkenstein, Eric (2009). Finding Alpha: The Search for Alpha When Risk and Return Break Down. John Wiley & Sons. p. 58. ISBN 9780470495377.
- ^ "Kepos Capital Leadership". www.keposcapital.com. Retrieved 2024-06-04.
- ^ "MARK CARHART CHIEF INVESTMENT OFFICER" (PDF). cfamontreal.org. Archived from the original (PDF) on 2024-08-03. Retrieved 2025-03-31.
- ^ a b c "New York Alumni Breakfast Series with Mark Carhart, '95". chicagobooth.edu. Retrieved 2025-03-31.
- ^ "Board of Directors". intandembike.org. Retrieved 2025-03-31.
- ^ "Our Team". keposcapital.com. Retrieved 2025-03-31.
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