Bill Hao

Director
Global Research & Design
Biography

Bill Hao is Director, Global Research & Design, at S&P Dow Jones Indices (S&P DJI). In this role, he is responsible for the conceptualization, research, and design of global strategies. He specializes in factor, alternative beta, and thematic equity indices.

Prior to joining S&P DJI in 2017, Bill had 10 years of experience in quantitative equity research and investment and 17 years of experience in quant analytics. Bill was a senior portfolio manager at Winsight Global Asset Management. Before that, he held assistant vice president and quant analyst positions in investment and research at ING Investment Management, Asia Pacific region. Bill also worked as a quantitative analyst at Panagora Asset Management and lead research analyst at Liberty Mutual Insurance Group.

Bill holds a bachelor’s degree in Engineering from Northeastern University of China, a master’s degree in Biostatistics from the University of Minnesota, and an MBA in Finance from Cornell University.

Author Archives: Bill Hao

Integrating Carbon Risk With the Quality Factor

In a prior blog, we demonstrated that a sector-relative, carbon-efficient portfolio was superior to a sector-unconstrained one when forming low-carbon portfolios. In this blog, we explore the integration of carbon risk in quality factor portfolios. High-quality companies seek to generate higher profitability and enjoy more stable growth than “average” companies. Equally important, high-quality companies seek Read more […]

Carbon-Efficient Portfolio Construction Part 2: Sector-Relative Improves Efficiency

In a prior blog, we demonstrated that unconstrained carbon-efficient portfolios have significant unintended (and unfavorable) sector and risk factor tilts that can drag down performance. In this follow-up blog, we explore potential ways sector-relative, carbon-efficient portfolios can address the drawbacks of sector-unconstrained, carbon-efficient portfolios. To form sector-relative, carbon-efficient quintile portfolios, we ranked and grouped securities Read more […]

Carbon-Efficient Portfolio Construction Part 1: Unconstrained Versus Sector Relative

As more institutions start to adopt low-carbon investing into their investment processes, it’s important to understand portfolio implications of incorporating carbon risk. We recently published a research paper in which we demonstrated how carbon efficiency can be integrated into factor portfolios. In a series of blog posts, we will be discussing our findings. We evaluated Read more […]