Advisory Board

The ULISSES Project Advisory Board is meant to represent the various interest groups serving the asset owner community and is comprised of individuals from diverse backgrounds with years of experience. At the core of the groups represented on the Advisory Board are the asset owners themselves. In addition to the asset owners, the Board has members representing asset managers, consultancies, universities, vendors and law firms all chosen for their ability to aid the mission of the ULISSES Project of empowering asset owners.

Barbara Bagnasacco is a member of the Corporate Transactions and Securities Practice group at Parsons Behle & Latimer and she also advises Parsons Behle Lab ( on GDPR compliance issues. Barbara works with clients on the establishment, structuring and compliance in their international operations, including the development of international distribution networks and data privacy regulations. She is licensed in the state of Utah and Italy. Barbara received degrees in law from the University of Turin College of Law and the University of Utah S. J. Quinney College of Law, where she serves on the Board of Trustees.

Barbara Bagnasacco

Heather Claus is the Managing Partner of Rand Labs, the primary industry supporter of the ULISSES Project from its inception. Heather has worked with some of the world’s top investment firms leading teams implementing open source and proprietary software solutions.   Heather began her career working for the world’s largest investment manager in fixed income. Recruited to architect and manage the world’s first real-time direct broker collaboration project, Heather  worked closely with a dozen of the world’s largest brokers in Japan to integrate real time research feeds into the investment process. The broker feed project revolutionized asset management and was widely copied across the asset management industry and other countries. Heather is an econometrician by training and a programmer by necessity. Heather has degrees in applied economics from the University of California at Santa Cruz.

Heather Claus

Michael Clement is the Chair of the Accounting Department at the University of Texas at Austin, the nation’s top ranked program. Michael is widely published and acknowledge in academia as one of the world’s foremost experts on sell-side (brokerage) analysts.  Having worked at the University of Texas his entire career, Michael took a leave of absence to serve for three years as Goldman Sachs’ head of accounting and valuation research.   Michael received his Ph.D. from Stanford University where he worked under the direction of George Foster and his undergraduate degree from Baruch University, where he was a student of the legendary accounting analyst Abraham Briloff.

Michael Clement

Rich Eggett is a portfolio manager at Utah Retirement Systems (URS) covering the areas of equity and alternative strategies. Rich also works with the University of Utah and the ULISSES Project designing curriculum the area of portfolio construction and management. Rich has designations as a CFA and CAIA and received his master’s degree from Brigham Young University where he worked managing the Silver Fund.

Rich Eggett

Guy Foutz is the Investment Risk Officer at Utah Retirement Systems (URS), dealing with risk issues over equities, fixed income, private equity, real estate and absolute return strategies. Prior to URS, Guy was the director of Enterprise Risk Management for a large insurance company, having begun his career as an actuary. Guys is also an adjunct professor at the University of Utah teaching risk management and assessment. Guy is a past president and current board member of the Institutional Society of Risk Professionals, the premier organization for risk officers of pension, foundations, and endowments. Guy is an Fellow of the Society of Actuaries, holds numerous professional designations, and holds a degree in statistics from Brigham Young University.

Guy Foutz

Marc Leavitt is the Director of Absolute Return Strategies at Texas Municipal Retirement Systems. Marc has spent his career working with hedge fund investments, including at the Texas Permanent School Fund and at several family offices. Marc began working with pension funds after graduate school working for New England Pension Consultants (NEPC). Mark received his MBA from the University of Rochester Simon School of business where he focused on quantitative aspects of investment management.

Marc Leavitt

Ian Lindsay is the President and COO of Moon Capital, one of the world’s foremost emerging markets hedge funds. At Moon Ian is responsible for all operations and technology. Before Moon Capital, Ian worked at Morgan Stanley at a variety of positions, from trading to research, most recently having served as head of Prime Brokerage in New York. Ian was recruited to Morgan Stanley by Barton Biggs, the former head of research who began Morgan Stanley’s institutional investment business. Ian began his career at Kleinwort Benson Investment Management managing European and Asian Equities.   Ian received his degree with Honors from Oxford, where he completed advanced studies.

Ian Lindsay

John Regino is an Executive Director at MSCI responsible for business and product strategy for the Analytics Group at MSCI, where he also co-heads the firms’ New Data Committee. Prior to working in the Analytics Group, John was responsible for many of MSCI’s most important hedge fund clients. Over the course of his career John has developed a broad perspective, having worked as a sell-side researcher at Bear Stearns, a product specialist at FactSet and a Business Cycle researcher at the Conference Board. John received his graduate education from Columbia University where he focused on Quantitative Methods.

John Regino

Edward N.W. Aw Experienced investment research professional with a proven track record in designing, implementing and streamlining a disciplined investment process. Decision maker on asset allocation, stock selection and portfolio management. Extensive breadth of knowledge and expertise in expected return signal research with hands on knowledge in back-testing, constructing and implementing robust stock selection models. Creative thinker and communicator, who can effectively deliver investment objectives and philosophy to Management, Portfolio Managers, and Analysts, as well as to Private and Institutional Clients. Collaborative quantitative research work with academia has been published in the Applied Financial Economics journal. Adjunct Professor at Fordham University’s Graduate School of Business and Frank G. Zarb School of Business, Hofstra University.

Edward N.W. Aw

Danny Wall is the Director of the Masters in Finance program at the University of Utah, where he also is an Associate Professor of Finance. Danny also works with the ULISSES Project coordinating Continuing and Executive Education targeted at pension funds, endowments and foundations. Before the University of Utah, Danny worked with LECG as an economic consultant in the areas of valuation and forensic appraisal. Danny holds degrees from the University of Utah and the University of Denver.

Danny Wall

Marco has worked in the Investment Banking industry with UBS Securities and Merrill Lynch in New York (both with focus in Latin America), participating in deals in Mexico, Colombia, Peru, Brazil, Argentina, and Chile across several industries, including IPOs. He left the Investment Banking industry to pursue an entrepreneurial role as a co-founder of a technology startup with headquarters in the US and an office in Brazil. The startup provided Internet infrastructure management services to corporate clients and it was eventually sold to an international investment group out of the US after four years of operations.
He then went to work for General Electric addressing business challenges within the group of companies that made up GE. After several years at GE, where he was part of a turnaround business unit that went from poor results to winning the most improved business in the GE portfolio in a three-year period, Marco moved back to Chile for family reasons. In Chile, he advised a company in the energy sector, securing 500 million dollars for the company to finance an energy project and to restructure the debt of the company. Later he went to work for a Norwegian company, wholly owned by the Norwegian government, created to advance Norway's global green energy initiative. In this position Marco led the efforts in multiple transactions to divest, and to acquire, companies and projects in different stages of development in the renewable energy industry in Chile along with participating in the construction of several hydropower and wind projects. He initially joined the company as the CFO for Chile and later became the CEO, a position he held for eight years until August 2019 when he left the company to join FlexAxion as a member of the Senior Management Team. Marco received his Bachelor of Arts in Finance, with a minor in French, from Weber State University and an MBA from Brigham Young University, graduating with honors from both programs.

Marco Antonio Vargas