Elementum
Advisors' Portfolio Manager, Chris Cebula, Visited Dr. Krause's Classes on
December 9th
Chris Cebula (AIM '09, CFA) of Elementum Advisors lectured in Dr.
Krause's Fixed Income class and visited the AIM program on Friday, December 9,
2016. For the past two years Chris has been a Portfolio Manager – he began
as an Analyst with Elementum in 2010.
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| Chris Cebula and Dr. Krause in the AIM Room before class |
Elementum Advisors is an independent, SEC-registered alternative investment manager specializing in collateralized natural event reinsurance investments ("Risk-Linked Investments" or "RLI").
The firm is located
in Chicago and focuses on natural event exposed investment - from liquid
catastrophe bonds to high-alpha collateralized reinsurance investments.
Elementum was launched in December 2009 by John DeCaro, Tony Rettino, and Mike
France. The principals have worked together in the Risk-Linked Investment arena
since 1995. Prior to founding Elementum, they worked together in the
Reinsurance and Risk-Linked Investments group at Stark Investments, a leading
multi-strategy hedge fund in Milwaukee. Elementum’s team includes all of the
former members of the group at Stark, as well as a former member of Stark’s
Business Development team.
Dr. David Krause, AIM program director said, "Chris Cebula
again did an excellent job in the classroom. He was able to take a complex
topic - structured catastrophic bonds - and explain it at a level that all of
the students understood.
 Cat bonds are fixed income instruments
where the principal and coupon interest are exposed to severe but infrequent
catastrophes (e.g., hurricanes and earthquakes). Chris discussed risk linked
investments and the practical application of how cat bonds trade and are
valued. The students enjoyed his presentation and asked many questions about
this complex financial instrument."
Prior to joining Elementum, Chris worked in an Operations/Trading Assistant
role at Phalanx Capital Management. Chris graduated magna cum
laude from Marquette University’s Applied Investment Management Program. He
has also passed both levels of the Chartered Alternative Investment Analyst (CAIA)
exam and he holds the Chartered Financial Analyst designation.
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| Henry Lu and Chris Cebula |
Dr. Krause commented, "The students are always fascinated by
the material presented by Elementum Advisors. It is clear that Chris and his colleagues
are some of the top catastrophic bond specialists in the business today.
While
these are complicated instruments, Chris did an excellent job explaining them
and giving real examples. We are pleased that he was able to join us again –
the seventh year that Elementum Advisors has visited Marquette’s campus."
