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Paul is a Partner and Chief Risk Officer, responsible for vetting every trade, investment strategy and counterparty relationship at Pine River to ensure they fit within our stringent guidelines. He serves as Chairman of Pine River’s Risk Committee and serves on the Counterparty Credit Committee. Prior to joining Pine River, Paul was the Director of Quantitative Research at Stark Investments from 2006 to 2010, where he was responsible for all modeling and analytics and was a member of the firm’s Risk Committee. From 1992 to 2005, Paul worked at the financial markets division of Cargill and its successor Black River Asset Management, where he was most recently a Managing Director and Portfolio Manager focused on capital structure arbitrage. From 1989 to 1992, Paul served as a Vice President of Fixed Income Research and as an MBS Trader for Lehman Brothers. Paul was an Assistant Professor of Finance at the University of Michigan from 1987 to 1989 and at the University of Minnesota from 1983 to 1987. He received a PhD in Economics from Harvard University in 1983 and a BA in Economics from the University of California, Los Angeles in 1979, where he was a Regents Scholar. Paul has published several articles in academic journals.