Joseph M. Terranova is a senior managing director for Virtus Investment Partners, an asset management firm with more than $101 billion under management and listed on the Nasdaq exchange under the ticker symbol VRTS.
In his current role, Terranova works internally with Virtus' portfolio management teams on the company's investment products while representing Virtus as a client facing thought leader, providing insight into the domestic and global investing landscape for global multi asset classes such as equities, commodities, fixed income and currencies.
Prior to joining Virtus Investment Partners in 2008, Terranova spent 18 years at MBF Clearing Corp., rising to the position of Director of Trading for the company and its subsidiaries. His work was highlighted as the feature story in the June 2004 issue of Futures magazine.
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 U.S. 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 grows its business.
With a strong commitment to charitable work, Terranova created the 501(c)(3) South Nassau Rock organization. He also established "Bossy's Bunch," a program that rewards excellence in the classroom for elementary students. In 2013, he established and financially sponsored "The Courier of Courage" with the New York Islanders, while also actively supporting the Islanders Children's Foundation and Smile Train.
Terranova graduated from the Peter J. Tobin College of Business at St. John's University in 1988 with a B.S. in finance. He is also a 1984 alumni of Chaminade High School in Mineola, New York.
In January 2012 he authored "Buy High, Sell Higher," published by Grand Central Publishing, a division of Hachette Book Group. Currently, he is working on a financial literacy book to provide much needed education for military members as well as high school and college students.
Terranova currently resides on Long Island with his wife and three children.
What does Joe Terranova do when he's not investing? Here's a look at our Halftime Report "Trade Off."
Follow Joe on Twitter: @terranovajoe
Disclosures as of 7/15/19:
Long stock: Abbott Laboratories, American Express Company, Citigroup, Copart, Dunkin' Brands, Fortune Brands Home and Security Inc, Guidewire Software Inc, Honeywell, JPMorgan Chase, Keysight, KKR & Co, Lululemon Athletica, McDonald's, McKesson Corporation, Microsoft, Motorola Solutions, Store Capital, The Walt Disney Company, Target, Vaneck Vectors Gold Miners ETF, Vaneck Vectors/Semiconductor ETF, Verizon, Virtus, Walmart.