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Dr. Karnosky is a co-founder and managing member of PRISM Global Advisors, LLC. Prior to joining the Adviser, Dr. Karnosky was a Partner of Global Guardian Group, LLC. Until 2000, Dr. Karnosky was a Managing Director, Head of Asset Allocation and Chairman of the Asset Allocation Committee at UBS/Brinson Asset Management. In addition to investment responsibility for multi-asset portfolios, he directed currency strategy across all portfolios, development of investment technology and risk analysis. Originally a Managing Partner, member of the Board of Directors and member of the Investment Committee of UBSAM’s predecessor organization, Brinson Partners, Inc. (Chicago), Dr. Karnosky’s group developed the framework for multi-asset, multi-currency performance attribution that has become the industry standard. Prior to joining Brinson Partners, Dr. Karnosky was Director of Research and Trading with Conti-Commodity Services and Heinold Commodities. He was the Deputy to the Under Secretary of the U.S. Treasury and the Head of the Office of Monetary Policy Analysis in the Reagan Administration. . Previously, he was Vice President and Deputy Director of Research with the Federal Reserve Bank of St. Louis. He has served as an advisor to private and public organizations in Europe and Latin America. Dr. Karnosky holds a Ph.D. in Economics from Duke University.