Associate Fellow, International Economics
Andrew Rozanov
Contact information
+44 (0) 75153 92910

Summary

Andrew Rozanov is an independent expert in institutional fund management. He joined Chatham House as an associate fellow in October 2014. Prior to that, he worked at Permal Group, where he was responsible for advising long-term institutional investors on asset allocation, portfolio construction, risk management and alternative investments, with a particular focus on global macro and tail risk strategies. Before joining Permal, he held various roles at State Street Corporation and UBS Investment Bank. He is known in the industry for having introduced the term 'sovereign wealth funds' in an article in Central Banking Journal in 2005. Subsequently, he published two highly acclaimed books – Global Macro: Theory and Practice and Tail Risk Hedging. He is a Chartered Financial Analyst (CFA), a Financial Risk Manager (FRM), and a Chartered Alternative Investment Analyst (CAIA). He holds a Master's equivalent degree in Asian and African Studies from Moscow State University.

Expertise

  • Institutional portfolio and risk management
  • Global macro and tail risk management
  • Sovereign wealth funds / public pension funds

Experience

2010–14  

Managing Director, Head of Institutional Portfolio Advisory, Permal Group  (London, United Kingdom)            

2008–10

Managing Director and Head of Sovereign Advisory, Portfolio and Risk Management Group, State Street Global Markets  (London, United Kingdom)

2003–07

Vice President, Official Institutions Group, State Street Global Advisors  (London, United Kingdom)

2001–03

Director, Equity Capital Markets, Investment Banking Division, UBS Investment Bank  (Tokyo, Japan)

April 2000 – October 2000 

Vice President, Fund Management, SBI Group (Tokyo, Japan) 

1995–2000

Portfolio Manager and Product Engineer, State Street Global Advisors (Tokyo, Japan)

1994-96Waseda University, Advanced Japan Studies
1988-94Moscow State University, Master’s equivalent degree (Oriental Studies)

Languages

  • Russian, English, Japanese
  • Tail Risk Hedging: Theory and Practice (co-editor), Risk Books, 2014
  • ‘The Three Arrows of GPIF Rebalancing’, Institutional Investor’s Sovereign Wealth Center, January 2014
  • ‘A Commodity-Backed Proposal to Optimize Asia’s Sovereign Balance Sheets’, Institutional Investor’s Sovereign Wealth Center, August 2013
  • ‘Volatility, Non-Randomness or Non-Linearity: What Drives Portfolio Returns in Times of Stress and Dislocation?’, Alternative Investment Analyst Review, Volume 2, Issue 1, Q2 2013
  • ‘Long Term Investors, Tail Risk Hedging, and the Role of Global Macro in Institutional Portfolios’, Alternative Investment Analyst Review, Volume 1, Issue 4, Q1 2013