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Manju S. Ganeriwala Virginia
VIRGINIA MANJU S. GANERIWALA TREASURER P.O. Box 1879 Richmond, VA 23218 Tel: 804-225-3131 Fax: 804-786-0833 Email: [email protected] Website: www.trs.virginia.gov/ Selection Method: Appointed by Governor Term Length: Pleasure of the Governor Term Limit: Pleasure of the Governor Served: Since January 2009 Next Election Year: Not Applicable Salary: $157,249 KEY STAFF Robert S. Young, Deputy State Treasurer 804-225-2391 [email protected] Michael R. Tutor, Executive Assistant 804-371-6011 BIOGRAPHICAL SKETCH [email protected] Born Jan. 24, 1956 in Akola, India. Currently OFFICE OF THE TREASURER resides in Henrico County. Husband’s name: Suri; two children. Bachelor of Commerce, University Total Number of Employees: 121 authorized of Bombay; M.B.A., University of Texas at Austin. Size of Treasury Annual Budget: $19,417,233 Treasurer Manju Ganeriwala was appointed State Size of Portfolio Managed by Treasury: Treasurer by Gov. Timothy M. Kaine, e"ective Jan. 1, $8,300,000,000 2009, and reappointed by Gov. Robert F. McDonnell The Treasurer reports directly to the Virginia Secre- in July 2010. Prior to her appointment, Treasurer tary of Finance, which is a cabinet position reporting Ganeriwala was Deputy Secretary of Finance, serving directly to the governor. The primary responsibilities as a key advisor to the governor on all !nancial of the treasurer are to receive, maintain custody and matters of the commonwealth, including the crafting disburse all funds collected by the state, arrange for of the biennial state budget, issuing debt, retaining and manage the short- and long-term !nancing needs Virginia’s “AAA” general obligation bond rating of the commonwealth, invest state monies, maintain and maintaining the commonwealth’s status as one cash management and banking services, administer of the best !nancially managed states. -
WORK EXPERIENCE Current Positions • the Wharton School
JOÃO F. GOMES Address: Finance Department The Wharton School University of Pennsylvania Philadelphia, PA 19104 Phone: 1 215 898 3666 Email: [email protected] Links: Web: https://fnce.wharton.upenn.edu/profile/gomesj/ SSRN: https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=239587 Google: https://scholar.google.com/citations?user=kdXbXXIAAAAJ&hl=en 4 February 2019 WORK EXPERIENCE Current Positions • The Wharton School, University of Pennsylvania, 1997- current o Howard Butcher III Professor of Finance, 2010 - current Previous Positions • Visiting Professor of Finance, London Business School (UK), 2009- 2011 • Visiting Scholar, University of British Columbia (Canada), 2003 • Visiting Professor of Economics, Nova SBE (Portugal), 1997-1999 • Research Affiliate, Center for Economic Policy Research (UK), 1999 –2004 • Economic Consultant, Ministry of Industry (Portugal), 1991 – 1992 Editorial, Consulting and Advisory • Visiting Research Associate, U.S. Federal Reserve (various), 1999, 2014-current • Editor, Economics Letters, 2014 - current • Associate Editor, Journal of Monetary Economics, 2014 - current EDUCATION Degrees • Ph.D., University of Rochester, 1997 • M.A., University of Rochester, 1996 • B.S., Nova SBE (Portugal), 1991 RESEARCH Major Publications • João Gomes, Marco Grotteria and Jessica Wachter, Cyclical Dispersion in Expected Defaults, conditionally accepted, Review of Financial Studies, May 2018 • João Gomes and Lukas Schmid, Equilibrium Asset Pricing with Leverage and Default, forthcoming, Journal of Finance, December -
Curriculum Vitæ
JOHANNES STROEBEL [email protected] http://pages.stern.nyu.edu/~jstroebe/index.html EMPLOYMENT 2013 – New York University, Leonard N. Stern School of Business David S. Loeb Professor of Finance, 2019 – Professor of Finance, 2018 – Associate Professor of Finance (with tenure): 2016 – 2018 Assistant Professor of Finance: 2013 – 2016 2012 – 2013 University of Chicago, Booth School of Business Neubauer Family Assistant Professor of Economics OTHER AFFILIATIONS 2019 – Center for Global Economy and Business, NYU Stern; Research Director, Global Finance 2019 – Volatility and Risk Institute, NYU Stern; Research Director, Climate Finance Research 2016 – Salomon Center, NYU Stern; Research Director, Household Finance Program 2015 – National Bureau of Economic Research, US, Research Associate Asset Pricing, Corporate Finance, Economic Fluctuations & Growth, Monetary Economics 2015 – CESifo, Germany, Research Fellow 2014 – Center for Economic Policy Research, UK, Research Affiliate Financial Economics Program EDUCATION 2007 – 2012 Ph.D. Economics, Stanford University Advisers: Caroline Hoxby, Monika Piazzesi, Martin Schneider, John Taylor 2003 – 2006 B.A. Philosophy, Politics and Economics, Merton College, Oxford, First Class Honors EDITORIAL RESPONSIBILITIES 2020 – Associate Editor, Econometrica 2019 – Associate Editor, The Journal of Political Economy 2017 – Foreign Editor, The Review of Economic Studies 2016 – Associate Editor, The Journal of Finance WORKING PAPERS Social Networks Shape Beliefs and Behavior: Evidence from Social Distancing -
2018 NAST Treasury Management Training Symposium
2018 NAST Treasury Management Training Symposium June 5-8 | Buena Vista Palace | Lake Buena Vista, FL A decade ago, we set out to provide innovative analytic services that help state governments increase financial compliance and benefit their citizens. Today we find, save, or recover over half a billion dollars each year for dozens of government agencies and their citizens. www.verusfinancial.com | 1.855.NCLAIMU (855.625.2468) | general@verusfinancial.com A MESSAGE FROM NAST’S PRESIDENT I am pleased to welcome you to the 2018 National Association of State Treasurers (NAST) Treasury Management Training Symposium. For over 40 years NAST has provided advocacy, support and educational opportunities for State Treasurers, their staff, and members in non-treasury agencies that complete our affiliate networks. As an association of finance officers, we strive to advance the development and administration of sound fiscal policies, prudent management of state resources, and the ongoing support of financial wellness programs in our respective states. As our country faces a number of fiscal challenges such as aging infrastructure, rising levels of student debt, and a lack of retirement readiness and financial security, the Treasury Management Training Symposium provides a unique opportunity for our members and stakeholders to collaborate and learn from one another in solving these pressing issues. This year’s symposium offers training sessions on core functions and programs such as investing, managing pensions, overseeing state debt, the administration of unclaimed property, as well as outreach initiatives, such as administering ABLE plans, promoting financial literacy, and improving the affordability of post-secondary education. I would like to thank the entire NAST leadership team for their hard work and continued efforts to improve the organization and serve our membership. -
NASACT News, August 2012
keeping stateNASACT fiscal officials informed news Volume 32, Number 8 August 2012 Seattle Sets the Scene for NASACT’s 97th Annual Conference By Glenda Johnson, Communications Manager ASACT President Ronald L. Jones, chief examiner of Alabama, speakers can be found on page 3. Nrecently welcomed members, corporate partners and guests At a luncheon on Monday, President Jones announced the to Seattle for NASACT’s ninety-seventh annual conference. 2012 Presidents Awards, which are given each year at the The event was held on August 11-15 at the Grand Hyatt Seattle. discretion of the president to recognize service to the association Attendees were also welcomed by the Washington State hosts and its members. This year’s recipients were: Brian Sonntag, state auditor; Marty Brown, director of the Offi ce of Financial Management; James McIntire, state treasurer; and Keenan • Auston Johnson, state auditor of Utah, who was recognized Konopaski, legislative auditor. for his longstanding dedication to NASACT, his effort and The conference began with a number of meetings and leadership to represent NASACT’s views in the standards- networking opportunities. On Saturday, August 11, some setting process over the years, and his continued dedication attendees participated in the annual golf scramble, which was to improving government effi ciency and accountability. held at the Golf Club at Newcastle. On Saturday evening, • Richard Eckstrom, comptroller general of South Carolina, attendees were treated to refreshments at the welcoming who was recognized for his service through testimony before hospitality reception after a day of golf or travel. The annual the Governmental Accounting Standards Board on the issue 5K fun run/walk was held Sunday, August 12, where over 80 of Economic Condition Reporting: Financial Projections, participants enjoyed a beautiful morning on the Elliott Bay his representation of NASACT in an international exchange waterfront. -
2015 Request for Rule-Making to Require General Partners to Make Better Disclosure of Private Equity Expenses to Limited P
Chair Mary Jo White Securities and Exchange Commission 100 F Street, NE RECEPJED Washington, DC 20549 JUL 2 3 2015 RE: Standardized Private Equity Fee Disclosure OFFICE OF THE SECRETARY Dear Chair White: As state Treasurers and Comptrollers, we hereby urge the SEC to require general partners to make better disclosure of private equity expenses to limited partners. Private equity as an asset class plays a central role in public pension fund investment. The Private Equity Growth Capital Council estimates U.S. public pension funds invest 9.4 percent of their portfolios in private equity on a dollar-weighted basis. When comparing 10-year annualized returns, pension fund investments in private equity have outperformed other asset classes. Given the funding challenges facing so many public pension plans, strong returns continue to make private equity investments an attractive option for public pension systems. However, when compared to public asset classes, the cost structures of private equity are complicated. This complexity, combined with a lack of industry disclosure best practices, has led to an uneven playing field for state fiduciaries seeking to report private equity fees fully. Among the four types of private equity firm expenses-management fees, fund expenses, allocated incentive fees, and portfolio-company charges, a portion ofwhich serve as offsets or contra-expenses to limited partners-only directly billed management fees are easily segregable and therefore regularly disclosed. Though private equity firms generally disclose information on all types of fees, it is often reported deep in annual financial statements and is not reported directly to limited partners on a quarterly basis. -
Lasse Heje Pedersen
LASSE HEJE PEDERSEN CURRICULUM VITAE, UPDATED NOV., 2013 DANISH CITIZEN, US PERMANENT RESIDENT, BORN OCT. 3, 1972 WEB: www.lhpedersen.com ACADEMIC APPOINTMENTS New York University Stern School of Business John A. Paulson Professor of Finance and Alternative Investments, 2009-present (on leave). Professor of Finance, 2007-2009. Associate Professor of Finance, with tenure, 2005-2007. Charles Schaefer Family Fellow, 2003-2006. Assistant Professor of Finance, 2001-2005. Copenhagen Business School Department of Finance, FRIC Center for Financial Frictions, 2011-present. University of Chicago Milton Friedman Institute Fellow, Fall 2010. IGM Visiting Professor, Booth School of Business, Spring 2010. Columbia Business School Visiting Professor, Spring 2009. Federal Reserve Bank of New York Monetary Policy Panel, 2010-2011. Liquidity Working Group, 2009-2011. Academic Consultant, 2004-2007. American Finance Association Director, 2011-present. National Bureau of Economic Research (NBER) Research Associate, 2006-present. Faculty Research Fellow, 2004-2006. Centre for Economic Policy Research (CEPR) Research Affiliate, 2004-present. Editorial Boards Quarterly Journal of Economics, Associate Editor, 2011-present. Journal of Finance, Associate Editor, 2006-2012. Journal of Economic Theory, Associate Editor, 2005-2012. The Review of Asset Pricing Studies, Associate Editor, 2010-2012. Lasse H. Pedersen 1/11 PROFESSIONAL EXPERIENCE AQR Capital Management, LLC Principal, 2009-present. Vice President, 2007-2008. Consultant, 2006-2007. FTSE Advisory Board, 2009-present. NASDAQ OMX Economic Advisory Board, 2008-2011. State Street Bank, State Street Global Markets Consultant, 2005-2007. Benchmark Metrics Advisory Board, 2006-2008. Speaking Engagements Misc. compensated and non-compensated speaking engagements: see below. EDUCATION Stanford University, Graduate School of Business Ph.D. -
Treasury Management Training Symposium
2015 Treasury Management Training Symposium May 12-15, 2015 | Westin Kansas City at Crown Center | Kansas City, MO Kelmar is a resource for state government, providing services and support to unclaimed property departments for all of your operational needs, including: ■ Seamless integration of every aspect of your unclaimed property program, from holder reporting to claims processing. ■ Ensuring the highest level of data security and risk management, using new generation proprietary software that is unmatched in the marketplace. ■ Strengthening internal controls, while maximizing the effectiveness of your program for Holders and Rightful Owners alike. ■ Getting more done with less by streamlining operations and leveraging technology to reunite more rightful owners with their property. Kelmar − Your Partner in Unclaimed Property Resources A MESSAGE FROM NAST’S PRESIDENT Welcome to the 2015 National Association of State Treasurers (NAST) Treasury Management Training Symposium! It is my great pleasure to serve as NAST President for 2015. Your continued support and attendance at this conference as well as October’s Annual Conference in Nashville, Tennessee are sure to make this a successful year for the organization. Special thanks go out to Kansas Treasurer Ron Estes and Missouri Treasurer Clint Zweifel and their staffs for their great help in orchestrating this week’s conference. NAST is happy to spend time this week on both sides of the border, experiencing the hospitality of Kansans and Missourians alike. So far, 2015 has seen NAST increase its presence in national media, complete its transition to a stand-alone organization, revamp its staff and provide greater focus to its communications efforts. -
NAST State Treasury Profiles 2013
NAST State Treasury Profiles 2013 www.nast.org Copyright 2013 NatioNal assoCiatioN of state treasurers the Council of state Governments 2760 research Park Drive P.o. Box 11910 lexington, KY 40578-1910 www.nast.org special thanks treasury profile information for this publication was submitted by treasury office staff. Table of Contents IntroDuCtioN ............................................................................................................................iv About NAST ..................................................................................................................................v NAST affiliates ..........................................................................................................................vi 2013 NAST CoNferences ...................................................................................................... vii 2013 NAST exeCutive Committee ................................................................................... viii alPhaBetiCal list .................................................................................................................... 1 treasurY Profiles, alaBama – WYoming .................................................................... 2 AppendiCes treasurY CoNtaCt InformatioN ..........................................................................................................103 state treasurers, 1976–PreseNt ...........................................................................................................107 NAST staff memBers.................................................................................................................................... -
Legislative Conference
LEADING. LEARNING. NETWORKING. 2019 Legislative Conference Washington, DC | February 9–12 Mayflower Hotel Federated Investors is a proud sponsor of the eeddrat e 2019 National Association of State Treasurers Legislative Conference in Washington, D.C. Federated Investors is an institutional investment manager with over $435 billion in assets under management as of September 30, 2018. Treasurers at every level in the public sector rely on Federated to pursue optimal results on their behalf within conservative statutory and investment policy constraints. FederatedInvestors.com Amy Michaliszyn 412-288-6504 | 1-800-245-5000 Federated is a registered trademark of Federated Investors, Inc. 2019 ©Federated Investors, Inc. 10938 Upromise halfpage 01/15/2019 46173.indd 1 1/4/2019 10:06:15 AM helps families save for college. Increase 529 Accounts & Assets with the Power of Upromise. Ready to grow? Contact Julia MacMillan www.upromise.com 302.256.2345 | [email protected] 2019 NAST Legislative Conference Welcome to the 2019 National Association of State Treasurers (NAST) Legislative Conference, and a special welcome to our new Treasurers! I am deeply honored to serve as NAST President this year. NAST has been and continues to be essential to me in my former role as chief deputy treasurer and now as the Treasurer of Utah. As members of NAST, we realize innumerable benefits, including advocacy support, tailored professional education, and essential opportunities for networking. I have gotten far more out of NAST than I could ever give back, and I am confident that your experience is, or will be, like mine. 2018 was an eventful and productive year for NAST, and I would like to thank Treasurer Beth Pearce for her leadership as NAST’s 2018 president. -
Curriculum Vitae
Arthur G. Korteweg June 22, 2021 Hoffman Hall, Room 721 [email protected] Marshall School of Business https://www.marshall.usc.edu/personnel/arthur-korteweg University of Southern California Phone: (213) 740-0567 3670 Trousdale Parkway Fax: (213) 740-6650 Los Angeles, California, 90089 Work Experience University of Southern California Marshall School of Business Associate Professor of Finance and Business Economics, 2017-present. Jorge Paulo and Susanna Lemann Chair in Entrepreneurship, 2021-present. Dean’s Associate Professor in Business Administration, 2017-2020. Assistant Professor of Finance and Business Economics, 2014-2017. Stanford University Graduate School of Business Associate Professor of Finance, 2012-2014. Assistant Professor of Finance, 2007-2012. Younger Family Faculty Scholar, 2011-2012. Graduate School of Business Trust Faculty Scholar, 2010-2011. Education University of Chicago Graduate School of Business Ph.D. in Finance, 2007. M.B.A., 2007. Tilburg University Ph.D. in Finance (not completed), 2001-2002. M.A. in Economics (cum laude), minor in Finance, 2001. Publications Korteweg, A., and B. Sensoy, How Unique is VC’s American History? Journal of Economic Literature, forthcoming. Ewens, M., Gorbenko, A., and A. Korteweg, Venture Capital Contracts, Journal of Financial Economics, forthcoming. Korteweg, A., M. Schwert, and I. Strebulaev, 2020, Proactive Capital Structure Adjustments: Evidence from Corporate Filings, Journal of Financial and Quantitative Analysis, forthcoming. Korteweg, A., 2019, Risk Adjustment in Private Equity Returns, Annual Review of Financial Economics, 11, 131-152. Korteweg, A., and M. Sørensen, 2017, Skill and Luck in Private Equity Performance, Journal of Financial Economics, 124(3), 535-562. Korteweg, p.2 of 6 - Fama/DFA Prize (2nd place) for Best Paper in Capital Markets and Asset Pricing. -
Message from the Dean
MESSAGE FROM THE DEAN Since becoming Dean of New York We, therefore, are seeking students University’s Stern School of Business, who have the curiosity and creativity I have made it my mission to lead its to anticipate the pressing questions ascent to the next level of excellence and issues that will shape the future — into the handful of pre-eminent of business education. business schools in the nation. Our location is unmatched, within At the heart of this strategy is easy reach of Wall Street and the research and scholarship. headquarters of many major corpo- Today, the Stern School of rations, allowing us to use New York Business is continuing to build upon City as our laboratory for learning. its tradition of research by attracting Our research centers, which produce not only the best and brightest schol- theoretical insights that guide mana- ars of tomorrow. In this past year, gerial and public policy decision- I urge you to explore our program Professors Adam Brandenburger, making, promote a dynamic dialogue thoroughly and to consider what is Thomas Sargent and Russell Winer with the business and academic com- contained in this book very carefully. have joined our faculty, and we are munity. For example, the Center for Review the testimonials from alumni, determinedly pursuing other Law and Business and the Ross weigh the support provided and renowned scholars and teachers. Institute of Accounting Research track the career paths of those who A vital component of our mission have been in the forefront of research have gone before you. A PhD from is to expand the intellectual parame- and discussion surrounding the issue NYU Stern can open academic doors ters of a business education and of corporate governance.