Benoît Murphy, M.Sc., Cfa, Frm Email & Phone Number

Varennes, Québec, Canada

Quantitative Analysis as a Service (QAAS)

Montreal, Canada Area

Developed and updated pension fund’s investment policy. Drove top-down proactive research for $18B private Canadian pension fund, covering present and future pension liabilities. Identified potential short and long-term areas of surplus risk.Co-created (with actuary) 5-year funding simulation model for monitoring and planning assets, liabilities, and net cashflow that incorporated current market conditions, and built prospective long-term macroeconomic and forward market scenarios for… Show more Developed and updated pension fund’s investment policy. Drove top-down proactive research for $18B private Canadian pension fund, covering present and future pension liabilities. Identified potential short and long-term areas of surplus risk.Co-created (with actuary) 5-year funding simulation model for monitoring and planning assets, liabilities, and net cashflow that incorporated current market conditions, and built prospective long-term macroeconomic and forward market scenarios for long-term surplus-management purposes. This simulation tool remained relevant for 20+ years (1998 to 2019) and contributed to fully funded position of pension plan by linking prospective capital market returns to pension costs. Improved tactical responsiveness of investment decisions by building total fund performance attribution system that split total returns in beta, alpha from portfolios, alpha from 5 key asset allocation strategies, all including local and FX effects in format fully reconcilable with financial statements, including custodian reports. Achieved substantial cost savings by avoiding purchase of customized external system for 12 years. Engineered total fund risk quantification and attribution module of absolute portfolio risk, risks relative to benchmarks / future liabilities, and local and multiple currencies FX impacts for investment policy and tactical positions, furthering asset allocation responsiveness. Linked historical performance attribution results with forward-looking implied risk contribution on position-by-position basis, optimizing overall risk budget. Targeted delivery of 25% of whole firm’s annual alpha investment performance objective (+0.25% out of +1.00% p.a.). Oversaw enhanced currency portfolio management mandate. Formalized management of currencies by assessing Fund’s currency exposure independently from local market asset allocation deviations and successfully delegating enhanced currency indexing mandate to direct report. Show less

Montreal, Canada Area

Provided fixed-income portfolio tactical duration, slope, and credit recommendations (based on in-house global economic and multimarket analysis) for fund managers. Developed Bloomberg-based automated international economic monitoring system for 9 large economies (G7 countries plus China and Australia), enhancing speed of reaction and decision making. Provided better and faster recommendations, helping outperform fixed-income portfolio benchmark. Developed efficient computer… Show more Provided fixed-income portfolio tactical duration, slope, and credit recommendations (based on in-house global economic and multimarket analysis) for fund managers. Developed Bloomberg-based automated international economic monitoring system for 9 large economies (G7 countries plus China and Australia), enhancing speed of reaction and decision making. Provided better and faster recommendations, helping outperform fixed-income portfolio benchmark. Developed efficient computer fixed-income portfolio management program, reducing daily information processing time required to manage fixed-income portfolio by 97% and substantially increasing volume of processed portfolio information. Added value for business by freeing up recurring time within portfolio and at organizational level for critical activities. Management then reallocated human resources outside of Fixed-income department, enabling creation of Absolute Returns, Infrastructure, and Investment Strategy departments that provided additional sources of value for the Fund. Show less

Montreal, Canada Area

Wrote and edited weekly internal publication of economic and market analysis. Improved speed and efficiency of information processing by developing automated version of U.S. and Canadian economic data monitoring

Ottawa, Canada Area

Worked on reform of Canadian banking system

Ottawa, Canada Area

Served on special Operation Unity team during 1995 Quebec referendum on sovereignty. Earned special mention from Prime Minister Chrétien for exceptional contribution

Montreal, Canada Area

Hired by Quebec Nordiques Hockey Club to within economic impact study context, ensuring all spending was considered by external consulting firm. Prepared cost-benefit analysis of new technologies for engineering firm (BMA Group)

Montreal

Built retail investment management clientele

Montreal, Canada Area

Taught microeconomics, macroeconomics, and global economy courses