Kunal Ghosh is a senior managing director and chief investment officer of Virtus Systematic, a division of Virtus Advisers, LLC. Prior to joining Virtus in 2022, Mr. Ghosh was a portfolio manager and a managing director with Allianz Global Investors, which he joined in 2006. Mr. Ghosh has 20 years of investment industry experience. He was previously a research associate and portfolio manager for Barclays Global Investors, where he built and implemented models for portfolio management. Before that, Mr. Ghosh was a quantitative analyst for the Cayuga Hedge Fund. Mr. Ghosh earned a B.Tech. from the Indian Institute of Technology, an M.S. in material engineering from the University of British Columbia, and an M.B.A. from Cornell University. He began his career in the investment industry in 2002.

Lu Yu is a managing director and lead portfolio manager with Virtus Systematic, a division of Virtus Advisers, LLC. She has portfolio management and research responsibilities for the Systematic Team. Prior to joining Virtus in 2022, Ms. Yu was a portfolio manager and a managing director with Allianz Global Investors, which she joined in 2003. She was previously a risk analyst for Provident Advisors. Ms. Yu has appeared on CNBC and has been interviewed by and quoted in a variety of outlets, including The Wall Street Journal, Barron’s, and Bloomberg. She also lectures at the University of California’s Rady School of Management in San Diego. Ms. Yu earned a B.S. from Nanjing University, China, and an M.S. from the University of Southern California and the National University of Singapore. She holds the Chartered Financial Analyst® (CFA®) and Certificate in Investment Performance Measurement (CIPM®) designations and was formerly president of the CFA Society’s San Diego chapter. Ms. Yu began her career in the investment industry in 2002.