Mark Carhart is a finance researcher, market statistician and

quantitative investment Quantitative analysis is the use of mathematical and statistical methods in finance and investment management. Those working in the field are quantitative analysts (quants). Quants tend to specialize in specific areas which may include derivative s ...

manager known for extending the

Fama–French three-factor model In asset pricing and portfolio management, the Fama–French three-factor model is a statistical model designed in 1992 by Eugene Fama and Kenneth French to describe stock returns. Fama and French were colleagues at the University of Chicago Boo ...

with a

momentum In Newtonian mechanics, momentum (: momenta or momentums; more specifically linear momentum or translational momentum) is the product of the mass and velocity of an object. It is a vector quantity, possessing a magnitude and a direction. ...

factor. He is currently chief investment officer of New York quantitative hedge fund, Kepos Capital

Early life and education

Mark earned his Bachelor of Arts degree from

Yale University Yale University is a Private university, private Ivy League research university in New Haven, Connecticut, United States. Founded in 1701, Yale is the List of Colonial Colleges, third-oldest institution of higher education in the United Stat ...

in 1988. He became a CFA Charterholder in 1991 and went on to receive his Ph.D. from the

University of Chicago The University of Chicago (UChicago, Chicago, or UChi) is a Private university, private research university in Chicago, Illinois, United States. Its main campus is in the Hyde Park, Chicago, Hyde Park neighborhood on Chicago's South Side, Chic ...

Booth School of Business in 1995.

Career

Carhart served as Co–Chief Investment Officer of the Quantitative Investment Strategies Group at

Goldman Sachs The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many internationa ...

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. Prior to joining Goldman Sachs, Mark was an Assistant Professor of Finance and Business Economics at the

Marshall School of Business The USC Marshall School of Business is the business school of the University of Southern California. It is accredited by the Association to Advance Collegiate Schools of Business. In 1997 the school was renamed following a $35 million donation fr ...

at the

University of Southern California The University of Southern California (USC, SC, or Southern Cal) is a Private university, private research university in Los Angeles, California, United States. Founded in 1880 by Robert M. Widney, it is the oldest private research university in ...

, a Senior Fellow at the Wharton Financial Institutions Center, and a consultant for Dimensional Fund Advisors (DFA) and Mercer Global Advisors. 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. In 2010, he founded Kepos Capital together with Giorgio De Santis and

Robert Litterman Robert Bruce Litterman (born 1951) is chairman of the Risk Committee and a founding partner of Kepos Capital in New York. Prior to Kepos Capital, Litterman spent 23 years at Goldman Sachs, where he was head of the Quantitative Resources Group in ...

Selected publications

* *

References

People in finance Living people Year of birth missing (living people) Place of birth missing (living people) Goldman Sachs people {{business-bio-stub