Keith Black is associate director of curriculum for the Chartered Alternative Investment Analyst (CAIA) Association, where he writes curriculum and exams covering topics in alternative investments. Previously he worked at Ennis Knupp + Associates advising foundations, endowments, and pension funds on asset allocation and manager selection strategies in hedge funds, commodities, and managed futures. Before that, he worked in commodities derivatives trading, stock options trading on the CBOE floor, and building quantitative stock selection models. He also has been an assistant professor at the Illinois Institute of Technology’s Stuart School, where he taught courses in traditional and alternative investments. He is author of Managing a Hedge Fund and he contributes regularly to CFA Digest and other journals. Institutional Investor listed him among its 2010 Rising Stars of Hedge Funds. He earned a BA from Whittier College, an MBA from Carnegie Mellon University, and a PhD from the Illinois Institute of Technology.