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Finance

Adjunct Lecturer of Finance

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Michael D. Haddad is an Adjunct Lecturer in the Finance Department at the Kellogg School of Management, where he will teach beginning in Spring 2027. He is an investment professional with approximately forty years of experience in global macro investing, fixed income markets, and institutional asset management.
Mr. Haddad most recently served as a Portfolio Manager at Brevan Howard. Previously, he was Deputy Chief Investment Officer and Portfolio Manager at Cinctive Capital Management. He spent more than seven years at the New York City Comptroller’s Bureau of Asset Management, including serving as Interim Chief Investment Officer for the New York City Retirement Systems, where he oversaw a $250 billion multi-asset portfolio across five pension plans.
Earlier in his career, Mr. Haddad was a Portfolio Manager at Soros Fund Management and a Partner atCaxton Associates, where he managed global macro portfolios focused on interest rates and foreign exchange. He began his career at Morgan Stanley in fixed income trading.
Mr. Haddad currently serves as a Board Director of Morgan Stanley Banks and is a member of the Risk Committee. He is also a Trustee and Co-Chair of the Investment Committee at Green-Wood Cemetery. He previously served on the U.S. Treasury Borrowing Advisory Committee and the Treasury Market Practices Group sponsored by the Federal Reserve Bank of New York.
Mr. Haddad received his MBA from the Kellogg School of Management and his B.S. in Engineering Management from Southern Methodist University.


Contemporary Issues in Asset Management (FINC-943-5)

Asset management involves the allocation of capital across public and private markets on behalf of institutional investors such as pensions, endowments, and sovereign wealth funds. Global assets under management exceed $140 trillion, making asset allocation and portfolio construction central to financial markets and economic outcomes. This course examines contemporary issues in asset management through two complementary lenses: (i) institutional asset owners (CIOs) and (ii) global macro hedge fund portfolio managers. The course emphasizes real-world decision-making under uncertainty, focusing on strategic asset allocation, manager selection, risk and liquidity management, and governance. Students will engage in CIO- and portfolio manager-level decision-making through investment committee simulations, portfolio construction exercises, and macro trade design. The course integrates academic research with practitioner insights, including materials from Howard Marks and Michael Cembalest, and incorporates current market conditions