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 with Virtus' investment management teams and the financial advisors who sell the company's investment products, providing insight into the domestic and global investing landscape for such asset classes 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.
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 the author of "Buy High, Sell Higher."
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 10/22/18:
Long stock: Abbott Laboratories, Adobe, American Express, Bank of America, KKR & Co, Microsoft, Northrup Grumman, Occidental, Paypal, PerkinElmer, Petroleum, Store Capital, Verizon, Virtus, Walmart.