Hilary Till is a co-founder and principal of Premia Capital Management, LLC.
In addition, Ms. Till provides advice on risk-management and derivatives trading issues through Premia Risk Consultancy, Inc.
She is also the co-editor of Intelligent Commodity Investing, a bestseller for Risk Books.
Before co-founding Premia Capital, Ms. Till held positions in expert-system development, derivatives risk-management system development, foreign-exchange derivatives research, over-the-counter (OTC) equity derivatives research and trading, OTC interest-rate derivatives trading, commodity futures trading, commodity-index portfolio management, and fixed-income risk-management policy development.
Her previous positions include her appointment as Chief of Derivatives Strategies at Putnam Investments; and prior to joining Putnam Investments, Ms. Till held positions at Harvard Management Company, as well as at Continental Bank and Bank of Boston, both of which ultimately merged into Bank of America. While at Putnam Investments, Ms. Till represented the firm on derivatives matters to U.S. regulatory agencies, the company’s mutual fund trustees, and to Putnam’s institutional clients, one of which included an Asian sovereign wealth fund.
In addition to her responsibilities at Premia Capital, Ms. Till is involved in the following academic and professional associations:
*Ms. Till is a member of the North American Advisory Board of the London School of Economics and Political Science;
*In Chicago, she serves as a member of the Federal Reserve Bank of Chicago’s Working Group on Financial Markets; is a member of the Advisory Board for the Arditti Center for Risk Management at DePaul University’s Finance Department; and also serves on the local steering committees of the following two professional organizations: the Chartered Alternative Investment Analyst (CAIA) Association and the Professional Risk Managers’ International Association (PRMIA); and
*Ms. Till is a Research Associate at the EDHEC-Risk Institute. (The EDHEC-Risk Institute is an EDHEC Business School research centre, which is based in Nice, France.)
Her research on behalf of the EDHEC-Risk Institute has been cited in the Journal of Finance, Journal of Derivatives, and in the Journal of Structured Finance as well as being cited in studies and reports published by researchers at the Bank of Canada, the Bank of Japan, the Banque de France, the European Central Bank, the Bank for International Settlements, the International Monetary Fund, the World Bank, the International Organization of Securities Commissions (IOSCO), the U.S. Senate’s Permanent Subcommittee on Investigations, the U.S. Federal Trade Commission, the United Nations Conference on Trade and Development, the Institute of International Finance, the World Bank, and at the Reserve Bank of Australia. Ms. Till’s EDHEC-Risk Institute research has also been cited by the G20 Study Group on Commodities and by the International Swaps and Derivatives Association (ISDA) in its effort to pull “together facts, data and research from government, academia and think tanks about the causes of commodity price changes and volatility.” Additionally, the U.S. Federal Energy Regulatory Commission has also cited Ms. Till’s work.
Ms. Till’s research has also been cited in studies sponsored by the Organization for Economic Co-operation and Development (OECD), the European Parliament, and by the U.S. Energy Information Administration. In addition, she has presented her research on the commodities futures markets to the following institutions: the U.S. Commodity Futures Trading Commission, the International Energy Agency, and to the (then) U.K. Financial Services Authority.
She has served as a reviewer for the Journal of Alternative Investments and the Financial Analysts Journal. Her articles have been summarized in both the CFA Digest and in the CFA Institute’s Literature Review as well as being included in the CAIA Association’s curricula.
Ms. Till has a B.A. with General Honors in Statistics from the University of Chicago and an M.Sc. degree in Statistics from the London School of Economics (LSE). She studied at the LSE under a private fellowship administered by the Fulbright Commission.