Ophir Gottlieb is the CEO & Co-founder of Capital Market Laboratories. He has contributed to The Wall Street Journal (Barron’s), Yahoo! Finance, CNNMoney, MarketWatch, Business Insider, and Reuters on their professional terminals. He is a former option market maker on the NYSE ARCA and CBOE exchange floors, and a former hedge fund manager and lead trader for Governance Investors.
He has turned away from institutional finance and re-dedicated his life to helping all people find the capacity and facility to invest with the same confidence and information available to only the top 0.1%. In many ways, Ophir was unintentionally a part of this asymmetry, but now, he is here to tear it down.
Ophir Gottlieb is the inventor of the Forensic Alpha Model (FAM) and a co-inventor of Accounting and Governance Risk Model (AGR), both now owned commercially by MSCI. SSRN lists his research, as one of the earliest scientists to identify deep learning, and in particular, neural networks, as a novel approach to examining financial markets while also whole wholeheartedly incorporating corporate governance.
FAM and AGR are used by asset managers worldwide with over $1 trillion of assets under management. The FAM model has made Mr. Gottlieb one of the most recognized names in all of quantitative finance. Ophir is also the inventor of the ‘Fraud Swap,’ the first and only mathematically verified derivative to swap the risk of fraud out of a stock portfolio. He initiated work on the Fraud Swap while at Stanford University and upon completion was endorsed for that work by Kay Giesecke, a Professor of Management Science & Engineering at the University.
Mr. Gottlieb’s methodological approach taken in creating FAM was endorsed by the head of artificial intelligence for the state of Germany as a novel and extraordinary application of advanced machine learning and quantitative finance.
In furthering his analysis and the patent pending derivative, Ophir presented his findings at the 72nd CFA Institute Annual Conference held in London in 2019 covering AI and the Future: Developments, Ethics, and Financial Transformation. A full video of his presentation and the patent pending mathematics and derivative are available here.
The Huffington Post dedicated an article to Ophir’s views in the dossier Financial Services Third Wave of Innovation: AI & Machine Learning. A rare view into his vision of the world of finance, including a 20 minute video session.
Mr Gottlieb’s mathematics, measure theory, and machine learning background stems from his graduate work in financial mathematics at Stanford University.
James A. Kaplan
Mr. Kaplan is a founding director of MarketWatch, and is widely recognized as one of the grandfather’s of modern portfolio theory.
For the past 20 years, James Kaplan’s research interests and entrepreneurial ventures have focused on innovations designed to improve the predictive and explanatory power of classical finance theories and portfolio management philosophies. Before he co-founded CML, Mr. Kaplan was Vice Chairman and Chief Executive of GMI Ratings (now part of MSCI). In this role, Mr. Kaplan developed novel risk modeling methodologies to help capital market participants mitigate the impact of what he has dubbed “routine anomalies”. The term refers to high-impact events stemming from variables typically overlooked in classical economic theories.
Earlier in his career, Mr. Kaplan has advanced ground breaking applications of quantitative techniques and technology-driven solutions for equity and fixed-income portfolio analytics. In 1979, he founded Capital Management Sciences (CMS) and established the firm as the world’s top purveyor of fixed income portfolio analytics. During his tenure, the firm introduced CMS BondEdge, the chief independent source of research and valuation tools for the global bond market.
Following the sale of CMS to Interactive Data Corporation, Mr. Kaplan was a founding director of MarketWatch. In the wake of the notorious corporate scandals after 2000, he founded Audit Integrity, one of the three firms that merged to form GMI Ratings.
Mr. Kaplan received his BA from the University of Colorado and an MBA from California State University. Mr. Kaplan is a Chartered Financial Analyst.
Jason Hitchings is the Chief Technology Officer at CML. He has diverse background in software engineering, product development, data visualizations as well as numerical analysis and real-time algorithmic option pricing.
He was the lead developer and product manager that led to one of the first ever SQL databases that updated asset prices in real-time; an accomplishment at the time that was considered by many in the industry to be impossible but is now common place in all of the exchanges and major banks in the world.
Jason’s experience includes Head of Product at data visualization firm, Quid, the co-founder and lead engineer of financial analytics firm and broker-dealer, Livevol, Inc.
Jason has also worked as the lead software engineer on Lockheed Martin’s Joint Strike Fighter Autonomic Logistics team.
Jason holds a computer science degree from University of Colorado, Boulder.
Tom White is the Chief Information Officer and co-founder of Capital Market Laboratories and a veteran of numerous start-ups.
As Director of Quantitative Research for Audit Integrity (now part of MSCI) he applied predictive analytic techniques to model accounting fraud and securities class action litigation. Mr. White led the Analytic Science team at KUITY in groundbreaking work applying 'Big Data' techniques to the field of philanthropy, ultimately resulting in the creation and spinoff of Posiba, Inc. As a consultant at First USA Bank, Mr. White's team was one of the earliest adopters of analytics, using predictive models to optimize marketing efforts, increasing profits from 3rd party products by over 250% in just 24 months.
Mr. White received his B.A. in Economics from the University of Virginia and a Certification in Data Mining from the University of California, San Diego.