Investors in Residence are alumni and industry professionals who make a substantial contribution to the Value Investing Program. These leaders guide and inspire our students as regular guest lecturers in the Value Investing Program courses and the Financial Modeling Academies. The Economics Department recognizes Investors in Residence for bringing practical experience to the classroom and for collaborating with our program on future initiatives.

Collette Chilton – Chief Investment Officer of the Williams College Investment Office

colletteCollette Chilton serves as the Chief Investment Officer at Williams College Collette Chilton, as Chief Investment Officer, is responsible for the investment of approximately $2.5 billion in assets held by the Williams College endowment.

Prior to joining Williams in 2006, she served as the Chief Investment Officer for Lucent Technologies from 1998 to 2006. In that role, she was responsible for the investment and oversight of approximately $40 billion in retirement-related assets for the company.

From 1996 to 1998, she served as Chief Investment Officer of the $30 billion Pension Reserves Investment Management (“PRIM”) Board, which invests the assets of the public employees’ and teachers’ retirement systems in Massachusetts. She held a similar position with the Massachusetts State Teachers and Employees Retirement Systems (“MASTERS”) Trust from 1993 until PRIM and MASTERS merged in 1996. Prior to 1993, she was in investment banking with the First National Bank of Boston and Citicorp Investment Bank.

She serves on the boards of The Investment Fund for Foundations (TIFF), The Center for Private Equity and Entrepreneurship at the Tuck School of Business at Dartmouth and the Berkeley Endowment Management Company. She also serves on the investment committee for The Edna McConnell Clark Foundation.

She graduated from the University of California, Berkeley, with a Bachelor of Science degree in Political Economy of Natural Resources. She received a Masters of Business Administration from the Tuck School of Business at Dartmouth.


Charles de Vaulx, Chief Investment Officer and Portfolio Manager – International Value Advisers

CharlesCharles de Vaulx joined International Value Advisers, LLC (IVA) in May 2008 as a partner and portfolio manager, and serves as chief investment officer and portfolio manager. Until March 2007, Charles was portfolio manager of the First Eagle Global, Overseas, U.S. Value, Gold and Variable Funds, together with a number of separately managed institutional accounts. He was solely responsible for management of the Sofire Fund Ltd. when it won an Absolute Return Award* for “Fund of the Year” in the global equity category in 2005 and 2006. In addition to sharing Morningstar’s “International Stock Manager of the Year” Award** in 2001 with his co-manager, Charles was runner-up for the same award in 2006. From 2000 to 2004, Charles
was co-portfolio manager of the First Eagle Funds. He was named associate portfolio manager in
August 1996. In 1987, he joined the SoGen Funds, the predecessor to the First Eagle Funds, as a
securities analyst. He began his career at Societe Generale Bank as a credit analyst in 1985.
Charles graduated from the Ecole Superieure de Commerce de Rouen in France and holds the
French equivalent of a Master’s degree in finance.


Max Ellis – Senior Associate – ‎Origami Capital

MaxMax Ellis is a senior associate at Origami Capital Partners where focuses on evaluating and executing public and private equity, credit, and special situations investments. Prior to joining Origami, he identified and evaluated debt investments in energy, gaming, leisure, and lodging industries as an associate at Oaktree Capital Management. Max began his career an analyst at Moelis & Company, where he focused on mergers and acquisitions. Max holds a BS in Finance from Indiana University and graduated with High Distinction.






Keith Fleischmann – Founder, Marbright Capital

FishermanKeith Fleischmann is the founder of Marbright Capital.  From 2011 to 2018, Keith was a Principal at Ivory Investment Management where he managed a portfolio focused on the consumer sector. Prior to joining Ivory, he was a Co-Founder and Portfolio Manager at Litmus Capital Management LLC from 2004 to 2011. Keith started his career as an analyst at ESL Investments, where he focused on a variety of equity and distressed debt investment opportunities, primarily in the retail and consumer finance sectors. Mr. Fleischmann received his M.B.A. from Stanford Graduate School of Business in 2000 and graduated Summa Cum Laude from California Polytechnic State University in 1995 with a B.S. in Business Administration.


 Jim Foreman – Managing Director (Retired) – ‎Towers Watson and Willis Towers Watson

Jim ForemanJim Foreman is currently a Senior Advisor at Lightyear Capital and Century Equity Partners. He spent three decades as a consultant, starting at Towers Perrin, which became Towers Watson, now Willis Towers Watson. In his most recent role there, he led their exchange solutions segment, which included the acquisition of Extend and Liaison. When the organization was still Towers Perrin, Foreman was Managing Director for Global Health and Welfare.

Foreman was also Executive Vice President of National Accounts, Global Benefits, Group Insurance and Government, Labor and Medicaid for Aetna, where he managed a $13.1 billion P&L with 11,000 associates.

He began his early career as a Senior Employee Benefits Representative for the company when it was still Aetna Life and Causality.

Foreman has a B.A. from UCLA in Business and Economics and a degree for the University of Melbourne
in International Business. Married with three children, he has served on numerous boards, including
for the Joffrey Ballet and the Employee Benefits Research Institute.



Scott Graves, Head of Distressed, Co-Head of North American Private Equity- ‎Ares Management

GravesScott Graves is Head of Distressed at Ares, a Partner and Co-Head of North American Private Equity within Ares Private Equity Group and Portfolio Manager of Ares’ Special Situations funds. He is a member of the Management Committee of Ares Management and additionally is a member of the Ares Private Equity Executive Committee as well as the Group’s ACOF and Special Situations Funds Investment Committees. Prior to joining Ares in 2017, Mr. Graves spent over 15 years in various capacities as a senior executive and investment professional for Oaktree Capital Management, L.P. From 2013 through 2016, Mr. Graves served as Oaktree’s Head of Credit Strategies and Portfolio Manager of Multi-Strategy Credit. He was responsible for a substantial portion of Oaktree’s credit platform, managed investment portfolios spanning the breadth of Oaktree’s credit strategies and was active in Oaktree corporate management, serving on the Capital and Risk Management Board, the Senior Leadership Counsel, the Product Governance Board and the Project Steering Committee. From 2001 through 2013, Mr. Graves was an investment professional in Oaktree’s Distressed Opportunities, Value Opportunities and Strategic Credit strategies, where he served as a Co-Portfolio Manager. From 2010 to 2015, Mr. Graves also managed Oaktree’s corporate and strategic development group, leading the firm’s product step-outs into emerging market credit, strategic credit, value equities, infrastructure, the enhanced income strategies, structured credit and senior secured lending. Prior to joining Oaktree, Mr. Graves served as a Principal in William E. Simon & Sons’ private equity group and as an Analyst at Merrill Lynch & Company in the mergers and acquisitions group. Additionally, Mr. Graves worked at Price Waterhouse LLP in the audit business services division. Mr. Graves received a B.A. degree from the University of California, Los Angeles, in History, and an M.B.A. from the Wharton School at the University of Pennsylvania, where he currently serves on the Wharton School Graduate Executive Board. He is a Certified Public Accountant (inactive).


Kirk Hartman – Chief Investment Officer and Director, Wells Capital Management

HartmanKirk Hartman is the President, Chief Investment Officer, and Director of Wells Capital Management Incorporated. Mr. Hartman joined the firm in 2002. He oversees the management of overall investment risk and investment professionals. Prior to joining the firm, Mr. Hartman was a Managing Director of Fixed Income at Banc of America Capital Management, LLC, where he oversaw assets in both short and long duration. Mr. Hartman was also formerly the Chief Investment Officer at the Private Bank at Bank of America. Earlier in his career, he served as a Managing Director and Co-Chief Operating Officer at Lehman Brothers Global Asset Management and was also the President at E.F. Hutton Risk Management, Inc. Mr. Hartman is an investment industry professional since 1981. He has a Master’s degree in Business Administration from the Kellogg School of Management at Northwestern University in Illinois, a Master’s degree from the University of Chicago, and a Bachelor’s degree from Amherst College in Massachusetts.


Mitch Julis, Co-Chairman and Co-Chief Executive Officer – Canyon Partners

JulisMitchell R. Julis is Co-Founder, Co-Chairman and Co-Chief Executive Officer of Canyon Partners, LLC. Mr. Julis is a graduate of the Woodrow Wilson School at Princeton University (B.A., magna cum laude, Phi Beta Kappa), Harvard Law School (J.D., magna cum laude) and Harvard Business School (M.B.A., honors). He received an honorary doctorate from Yeshiva University of New York in 2011. Prior to forming Canyon, Mr. Julis directed a group of professionals responsible for a portfolio of distressed and special situation securities at Drexel Burnham Lambert. Prior to working at Drexel, he was a bankruptcy and creditors’ rights attorney at Wachtell, Lipton, Rosen & Katz in New York. In 2014, Mr. Julis, along with co-founder Mr. Friedman, received Institutional Investor’s “Lifetime Achievement” Award.

He serves on the Board of Trustees at Princeton University and the Advisory Council for the Julis-Rabinowitz Center for Public Policy and Finance at the Woodrow Wilson School of Public and International Affairs at Princeton University. He is a member of the Governing Board for The Institute for New Economic Thinking, the Asia Society Board of Trustees, the Jacobs Technion-Cornell Institute Advisory Council, and is a founding supporter of the Program on Jewish and Israeli Law at Harvard Law School.


Bryan Kurnoff – Analyst – ‎Beach Point Capital Management

KurnoffBryan Kurnoff is an Analyst focused on sourcing new investment opportunities and performing fundamental research and company analysis. Mr. Kurnoff has been in the industry since 2011. Prior to Beach Point, Mr. Kurnoff served as an Associate at Oaktree Capital. Before Oaktree, he was an investment banker at Moelis & Company focusing on mergers and acquisitions. Mr. Kurnoff received a bachelor’s degree in business economics, magna cum laude from the University of California, Los Angeles.






Victor Liu – Fundamental Senior Research Analyst – ‎Causeway Capital Management

LiuVictor Liu is a fundamental senior research analyst at Causeway. He rejoined the firm in October 2015. From 2013 to 2015, Victor served as an analyst on First Pacific Advisor’s (FPA) International Value Strategy.  From 2005 to 2013, Victor was a member of the Causeway team and worked as both a research analyst and associate.  From 2002 to 2004, Victor worked in Merrill Lynch’s Investment Banking group as an analyst advising clients on mergers & acquisitions and corporate finance transactions.  From 1999 to 2001, Victor worked at McKinsey & Company as a business analyst helping clients with strategic issues. Victor has a BA, magna cum laude, in Economics from Pomona College and is a Phi Beta Kappa member. He completed Chinese language studies at the International Chinese Language Program (ICLP) at National Taiwan University through a Rotary Ambassadorial Scholarship. Victor is a CFA charterholder.



 William E. Oberndorf, Co-Founder and Managing Director, SPO Partners

OberndorfWilliam Oberndorf, also known as Bill, is a Co-Founder and Managing Director at SPO Advisory Corp. He is the Chairman of Rosewood Hotels & Resorts. Mr. Oberndorf is also a Director Emeritus of Plum Creek Timber Co. He is also a Director of Calpine Corp effective Janurary 1, 2011. Before that, Mr. Oberndorf served as the Chairman of Voyager Learning Company and Aggregates USA, LLC and a Director of Taft Broadcasting Company and Wometco Cable Television Corporation. He graduated from Williams College in 1975 and received his M.B.A. from Stanford Business School in 1978.





Daniel Osowsky – Founder / Portfolio Manager – ‎Osowsky Capital, LLC

OsowskyDaniel Osowsky is the Founder and Portfolio Manager for Osowsky Capital, where he helps clients preserve and grow their assets through selective stock investing. Prior to launching Osowsky Capital, Daniel was as an analyst at Ivory Capital from September 2010 through May 2012, a long-short equity hedge fund based in Los Angeles with over $2 billion under management.

From July 2007 through July 2010, Daniel served as an analyst at Imperial Capital with responsibilities ranging from investment banking to research and publishing. He graduated from UCLA in 2007, summa cum laude, with a B.A. in economics.




Srinivas Pulavarti, President & Chief Investment Officer – ‎UCLA Investment Company

PulavartiSrinivas Pulavarti has been the President and Chief Investment Officer of UCLA Investment Co. since July 13, 2012 and is responsible for defining the strategic vision for management of the UCLA’s portfolios while directing the UCLA’s staff and overseeing more than 100 external investment managers. Mr. Pulavarti served as the President and Chief Investment Officer at Spider Management Company, LLC. Under his leadership, the Spider endowment was consistently ranked as one of the nation’s best-performing among universities. Among his previous positions, Mr. Pulavarti served as the Director of Global Investment Strategy at Citigroup Pension Investments; Director of Investments at Johns Hopkins University; Investment Manager at Lockheed Martin Investment Management Company, and Senior Analyst of fixed income and sovereign debt at the Howard Hughes Medical Institute.



Justin Quaglia – Vice President – ‎Oaktree Capital Management

Justin Q-1AJustin Quaglia is a Vice President in High Yield Bond Trading at Oaktree Capital Management in Los Angeles, CA.  Justin works with a team of investment professionals who oversee $20bn of high yield bond assets.

Prior to joining Oaktree, Justin spent five years in Leveraged Finance Sales for Goldman Sachs & Co. in New York City focused on the structuring, marketing, syndication, and trading of high yield and distressed debt in the global capital markets. His role allowed him to analyze and transact in credit products and derivatives with large institutional investors and hedge fund portfolio managers.

Justin graduated from James Madison University in 2011 with a B.B.A. in Finance and Economics and is actively involved with the University. He serves as the Alumni Coordinator for College of Business Experiential Learning Program, Co-Coordinator of the Seeking Achievement Mentor Program, and is the Chairman of the Madison Investment Fund Board of Advisors.


  Art Winkleblack – Executive Vice President and Chief Financial Officer (Retired) – H.J. Heinz Company

WinkleblackArt Winkleblack retired in June 2013 as Executive Vice President and Chief Financial Officer of the H.J. Heinz Company, a global packaged food manufacturer, where he had been Executive Vice President and Chief Financial Officer since January 2002. From 1999 through 2001, Mr. Winkleblack was Acting Chief Operating Officer,, and Chief Executive Officer,, at Indigo Capital. Earlier in his career, Mr. Winkleblack held senior finance positions at the C. Dean Metropoulos Group, Six Flags Entertainment Corporation, AlliedSignal, Inc., and PepsiCo, Inc. Mr. Winkleblack also provides financial and capital markets consulting services to Ritchie Brothers Auctioneers, an industrial auctioneer, where he serves as the Senior Advisor to its CEO. Mr. Winkleblack currently serves as a member of the Board of Directors of Performance Food Group, a company specializing in the distribution of food and food-related products to customers throughout the United States, and The Wendy’s Company, a global quick service restaurant company. From 2013 to 2015, he was a member of the Board of Directors of RTI International Metals, Inc., an NYSE-listed company specializing in advanced titanium products for the aerospace, defense and medical device markets.

He holds a Master of Business Administration in Finance from the Wharton School at the University of
Pennsylvania and a Bachelor of Arts in Business Economics from the University of California-Los  Angeles (UCLA).