Emmanuel Hatzakis

- Management of market and concentration risk in portfolios of equities and options
- Effects of policy interventions and logistics constraints on crude oil tanker freight markets
- Quantitative equity portfolio management strategies for individuals and institutions
- Forecasting modeling for global macroeconomic and investment strategy, and tactical asset allocation
- Development of innovative market-based instruments for sovereign and other public entity funding
- Risk management in commodity supply chains using physical and financial instruments
- Operations in financial services, especially asset management and securities brokerage
- Funding, capitalization, and treasury liquidity risk management of financial institutions
- Integer and combinatorial optimization methodology and applications

Educator and industry professional specializing in risk, macro strategy & thought leadership and analytics with a highly reputable university and top-tier firms in finance, energy and transportation. Built portfolio construction frameworks, quantitative investment strategies, and award-winning risk management models; developed/validated sovereign debt restructuring proposals; and has both buy-side and sell-side experience, including a fast-paced trading floor environment. Core skills include optimization, simulation, econometric modeling, statistical analysis of huge datasets, and communicating them to intelligent non-experts.

Engage across sectors on governance, risk and strategy issues requiring discretion and domain expertise.

Alexander Hamilton Award: Technical lead of team that won Gold in Corporate Finance and Cash Management, and helped Merrill Lynch win First Place overall, November 2005.

The Daniel Wagner Prize for Excellence in Operations Research Practice: Technical lead of team that won with the entry: “Liquidity Risk of Revolving Credit Lines at Merrill Lynch”, October 2004.

Franz Edelman Award for Achievement in Operations Research and the Management Sciences: Member of group that won 1st Prize for Merrill Lynch, May 2001. Finalist with Maritrans Shipping, April 1998.

Selected Publications

Stevens Institute of Technology White Papers:

Norris, R., Kerkel, P., Sharma, N., Hatzakis, E.D., Xie, J. and Pham, M., “How Wealth Management Firms Can Win in Turbulent Times,” with CAPCO, November 2021.

Bank of America Merrill Lynch White Papers:

Hatzakis, E.D., and E. MacGregor, “Turning the Page on Low Rates?” February 2017.

Hatzakis, E.D., and C. Wolfe, “Global Debt: Challenges and Opportunities,” April 2016.

Hatzakis, E.D., and K. Schnaars, “Concentrated Stock: Strategies for Continued Success,” January 2016.

Hatzakis, E.D., “Redefining Indexing Using Smart Beta Strategies,” September 2015.

Op-Ed Articles in Global, Regional and National Media with Broad Circulation:

J. Barrionuevo, N. Georgikopoulos, E.D. Hatzakis, and G. Nielsen, “How to Pay Greece's Creditors and Rebuild its Economy,” with Op-Ed article, The New York Times / International Herald Tribune, November 6, 2012.

J. Barrionuevo, N. Georgikopoulos, E.D. Hatzakis, and G. Nielsen, “Greece's Ignorant Savior,” Op-Ed article in German, Financial Times Deutschland, June 25, 2012.

Refereed Journal Articles:

E.D. Hatzakis, S. Nair, and M.L. Pinedo, “Operations in Financial Services – An Overview,” Production and Operations Management, 19(6):633-664, 2010.

T. Duffy, M. Hatzakis, W. Hsu, R. Labe, B. Liao, S. Luo, J. Oh, A. Setya, and L. Yang, “Merrill Lynch Improves Liquidity Risk Management for Revolving Credit Lines,” Interfaces, 35(5):353-369, September-October 2005.

E.D. Chajakis and M. Guignard, “Scheduling Deliveries in Vehicles with Multiple Compartments,” Journal of Global Optimization, 26(1):43-78, 2003.

X. Lin, E.D. Chajakis and C.A. Floudas, "Scheduling of Tanker Lightering via a Novel Continuous-Time Optimization Framework", Industrial and Engineering Chemistry Research, 42(20):4441-4451, 2003.

Y. Censor, E.D. Chajakis and S.A. Zenios, “Parallelization Strategies of a Row-Action Method for Multicommodity Network Flow Problems,” Parallel Algorithms and Applications, 6:179-205, 1995. Professor Censor
- Yair Censor's Erdős number is 2. My shortest path to Paul Erdős runs through this paper: Censor → Aharoni → Erdős. Erdős number 3.

E.D. Chajakis and M. Guignard, “Exact Algorithms for the Setup Knapsack Problem,” INFOR (Canadian Operations Research Society). (Special issue on Knapsack, Packing and Cutting. Guest Editor: Silvano Martello), 32(3):124-142, 1994.

E.D. Chajakis and S.A. Zenios, “Synchronous and Asynchronous Implementations of Relaxation Algorithms for Nonlinear Network Optimization,” Parallel Computing, 17:873-894, October 1991.

Book Chapters:

Ü. Alptuna, E.D. Hatzakis, and R. Tütüncü, “A Best Practices Framework for Operational Infrastructure and Controls in Asset Management,” chapter in book: Operational Control in Asset Management: Processes and Costs, ed. by M. Pinedo, Palgrave Macmillan Publishers, 2010. Reprinted in Global Asset Management: Strategies, Risks, Processes, and Technologies, eds. M. Pinedo and I. Walter, Palgrave Macmillan, 2013.

E.D. Chajakis, “Management Science for Marine Petroleum Logistics,” in Decision Making: Recent Developments and Worldwide Applications, S. H. Zanakis, G. Doukidis & C. Zopounidis, editors, Kluwer Academic Publishers, pp. 279-292, 2000.

All my publications can be found in: https://www.researchgate.net/profile/Emmanuel-Hatzakis

1. Introduction to Financial Risk Management, Master's Level Financial Engineering Course (2025 - present)

2. Asset Allocation Practicum (GSMIF), Master's Level Finance Course (2025 - present)

3. Investment Management, Master's Level Finance Course, Stevens (2019 - present)

4. Derivatives, Master's Level Finance Course, Stevens (2019 - present)

5. Wealth Management: Principles and Practices, Stevens (2022 - present)

6. Supply Chain Finance, Master's Level Course, Rutgers (2012 - 2013)

7. Production and Operations Management, Master's Level Course, ALBA (1997 - 1998)

8. Operations Management, Master's Level Course, Wharton (1992 - 1993)