Efficient Capital Management
Marat Molyboga is the Chief Risk Officer and Director of Research at Efficient Capital Management, LLC, and a member of the Leadership Team. He is also an Adjunct Professor of Finance at the Illinois Institute of Technology Stuart School of Business. Mr. Molyboga is a Financial Risk Manager designee (FRM), a Chartered Financial Analyst (CFA), and holds a Series 3 license. He graduated with high honors from Moscow State University in 2001 with a Masters in Financial Mathematics. He also graduated with honors from the University of Chicago’s Booth School of Business in 2013 with an MBA in Finance, Economics and Strategic Management. Marat is currently pursuing a PhD in Finance at Edhec Business School.
This paper brings Black–Litterman optimization, exotic betas and varying starting portfolios together into one complete, symbiotic framework.