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Joe Terranova  

Chief Market Strategist & CNBC Contributor

Joe Terranova is the Chief Market Strategist for Virtus Investment Partners, a Hartford, CT based asset management firm with more than $25 billion under management. In his current role, Terranova works with Virtus’ investment management teams and the financial advisors, providing insight into the domestic and global investing landscape for such asset classes as Equities, Commodities, Fixed Income and Currencies. He has represented Virtus as a keynote speaker for such financial institutions as Morgan Stanley, UBS and Merrill Lynch. In addition, Terranova is a member of the Virtus Investment Partners Investment Oversight Committee.

Prior to joining Virtus Investment Partners, Terranova spent 18 years at MBF Clearing Corp., rising to the position of Director of Trading for the company and its subsidiaries, where he managed more than 300 traders and support staff for MBF, one of the New York Mercantile Exchange’s largest firms.

In his latest book, Buy High, Sell Higher: Why Buy-And-Hold Is Dead And Other Investing Lessons from CNBC’s “The Liquidator” Terranova teaches investors why the buy-low/sell-high model is broken, and instead shows them how to manage their portfolio based on a series of key metrics that determine whether the market is confident or pessimistic about a stock. The book will mix trading floor wisdom (“Never trade on a Monday morning”) with specific, actionable tips that will help the reader to build a winning portfolio.

Terranova is perhaps best known for his risk management skills, honed while overseeing MBF’s proprietary trading operations during some of the most calamitous times for the US markets, including the first Gulf War, the 1998 Asian Crisis, 9/11, and the collapse of Amaranth Advisors. During those times there was never a loss at MBF due to market anomalies. In fact, the firm continued to trade profitably and grow its business. In 2003, he was one of the first Wall Street professionals to make an early call for higher energy, natural resource and commodity prices. In June 2008 he cautioned investors to move to the sidelines in commodities. During March 2009, he encouraged investors to ignore the global “embracement of pessimism” and overweight Equities.

Before joining MBF, Terranova held positions at both Swiss Banking Corp. and JP Morgan Securities.

Terranova is a frequent CNBC contributor and regular panelist for the highly rated evening program, Fast Money. He’s been a guest on Bloomberg Television, FOX News, CNN, as well as quoted in a variety of financial media publications. For more than 12 years he wrote a daily energy market commentary that is widely popular within the energy industry and hedge fund community.

In 2007, along with Hockey Hall of Fame player Mike Bossy, Terranova established “Bossy’s Bunch,” a program that rewards excellence in the classroom for elementary students.

At the podium, Terranova customizes his presentation for seasoned financial advisors and investment newcomers alike, sharing his successes and failures of more than two decades on Wall Street. Discussing fiscal and monetary policy solutions to America’s most challenging economic issues, Terranova offers insight into how financial regulation, reform and emerging markets will impact our future prosperity. Able to break down complex financial analysis into simple terms, Terranova’s high-energy and fast-paced delivery reflects years spent managing successful traders, where motivation is the key ingredient to success.

Also an experienced panelist, Terranova frequently moderates investment panels.

Terranova graduated from the Peter J. Tobin College of Business at St. John’s University in 1988 with a B.S. in Finance. Raised in Nassau County, Long Island, he attended Chaminade High School in Mineola, NY.

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