Giulio Renzi-Ricci is Global Head of Asset Allocation Research in the Investment Strategy Group at Vanguard. Giulio specializes in quantitative multi-asset portfolio construction, single fund solutions, and econometric forecasting; and oversees the asset allocation of Vanguard’s multi-asset products globally. His research has covered topics on active-passive blending, dynamic portfolio optimization, and machine learning applications to asset allocation. His research has been published in The Journal of Investment Management, The Journal of Portfolio Management and The Journal of Investment Strategies, among others. Prior to joining Vanguard, Giulio worked at National Economic Research Associates (NERA), providing expert analysis on financial derivatives and investment strategies. He also held a quantitative analyst position in the fixed income structuring desk at Banca IMI in Milan. Giulio has a B.Sc. in economics from Bocconi University and a M.Sc. in finance and economics from the University of Warwick.