Hilary Till is the head of portfolio risk analysis at a top 10 U.S. wealth manager. Previously, Till was a principal of Premia Capital, a Chicago-based proprietary trading and research firm, and a consultant at Premia Research LLC. During her tenure at Premia, Till provided advice to large institutions on risk management, portfolio analysis, quantitative modeling and derivatives strategies, either through consulting engagements or executive seminars. She also co-developed the Bancor Index, an asset allocation model that includes equities, Treasuries, and a “smart” exposure to commodities.
In 2007, she co-edited the book Intelligent Commodity Investing with Premia colleague Joseph Eagleeye.
In 2003, Till was awarded a grant by the Foundation of Managed Derivatives Research to review prominent hedge fund research for a peer-reviewed journal. 
Till’s academic affiliations include her membership in the North American Advisory Board of the London School of Economics; her position as a research associate at the EDHEC-Risk Institute in Nice, France; and her role at the J.P. Morgan Center for Commodities at the University of Colorado Denver Business School as the contributing editor of the Global Commodities Applied Research Digest.
In Chicago, Till has been a member of the Federal Reserve Bank of Chicago’s Working Group on Financial Markets since 2011 and serves on the steering committees of the Chicago chapters of the Chartered Alternative Investment Analyst Association and the Professional Risk Managers’ International Association. In addition, she has provided seminars (in Chicago) to staff from the Shanghai Futures Exchange, China Financial Futures Exchange, Zhengzhou Commodity Exchange, and the Dalian Commodity Exchange.
She is also a fellow of the Royal Statistical Society (U.K.); is a board member of the International Association for Quantitative Finance; and has frequently participated in Wall Street conferences and professional society meetings in New York City. She has presented her analyses of the derivatives 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 been a panel member at both the U.S. Energy Information Administration’s workshop on “financial and physical energy market linkages” and the Bank of Canada’s joint roundtable with the International Energy Forum on “commodity cycles and their implications.”
Before co-founding Premia Capital, she was chief of derivatives strategies at Putnam Investments and oversaw the strategy development and execution of about $90 billion annually in exchange-traded and over-the-counter derivatives. She also led the management of a commodity futures fund whose clients included an Asian sovereign fund, a U.S. multinational 401K retirement plan and a union pension plan. Also, Till designed a diversified-strategy risk management system for global bond and commodity products.
Prior to Putnam Investments, Till was a quantitative analyst at Harvard Management Company. She provided quantitative and programming support for domestic and international equity derivatives portfolio managers. She also launched the firm's commodity futures program under a senior portfolio manager. 
Till holds a B.A. with General Honors in Statistics with concentrations in Economics and Computer Science from the University of Chicago and an M.Sc. in Statistics from the London School of Economics (LSE). She studied at the LSE under a private fellowship administered by the Fulbright Commission.
Papers & Presentations
Has There Been Excessive Speculation in the US Oil Futures Markets?
Intelligent Commodity Investing
Trading Strategies in the Current Commodity Market Environment
Separating the Wheat from the Chaff: Backwardation as the Long-Term Driver of Commodity Futures Performance
On The Role Of Hedge Funds In Institutional Portfolios
The Capacity Implications of the Search for Alpha
Weighing the Cost of Illiquidity
Returns-Based Analyses of Hedge Funds
Measure for Measure
RISK MANAGEMENT ISSUES IN LEVERAGED FUTURES TRADING
“Intelligent Commodity Investing” • Risk Books, 2007. (Editors: Hilary Till and Joseph Eagleeye)
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