Giulio Renzi-Ricci is head of Portfolio Construction and Asset Allocation in the Investment Strategy Group at Vanguard, specializing in multi-asset portfolio construction, single fund solutions and econometric forecasting. His research has covered topics on factor investing, active-passive blending, dynamic portfolio optimization and ESG investing. His research has been published in The Journal of Investing and The Journal of Portfolio Management. Before joining Vanguard, Giulio worked at NERA Economic Consulting where he provided expert analysis on financial derivatives pricing, hedge fund litigation, market efficiency testing and the suitability of trading and investment strategies. Before that, he was a fixed income structuring analyst at Banca IMI in Milan. Giulio holds a MSc in financial economics with distinction from the University of Warwick and a BSc in economics and finance summa cum laude from Bocconi University.