Stephen Duneier
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Stephen Duneier is an American professional investment manager, strategy consultant, speaker, lecturer, author, artist and Guinness World Record holder.


Education

Duneier attended the
University of Florida The University of Florida (Florida or UF) is a public land-grant research university in Gainesville, Florida. It is a senior member of the State University System of Florida, traces its origins to 1853, and has operated continuously on its ...
from 1985 to 1987 before leaving to pursue a career in financial management with
Drexel Burnham Lambert Drexel Burnham Lambert was an American multinational investment bank that was forced into bankruptcy in 1990 due to its involvement in illegal activities in the junk bond market, driven by senior executive Michael Milken. At its height, it was a ...
and then
Prudential-Bache Prudential Securities, also formerly known as Prudential Securities Incorporated (PSI), was the financial services arm of the insurer, Prudential Financial. In 2003, Prudential Securities was merged into Wachovia Securities, a division of Wachovi ...
. He finished his undergraduate education at
Florida Atlantic University Florida Atlantic University (Florida Atlantic or FAU) is a Public university, public research university with its main campus in Boca Raton, Florida, and satellite campuses in Dania Beach, Florida, Dania Beach, Davie, Florida, Davie, Fort Lauderd ...
with a BBA in finance and economics and received an
MBA A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...
in finance and economics from
New York University New York University (NYU) is a private research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then-Secretary of the Treasury Albert Gallatin. In 1832, the ...
's
Stern School of Business The New York University Leonard N. Stern School of Business (commonly referred to as NYU Stern, The Stern School of Business, or simply Stern) is the business school of New York University, a private research university based in New York City. I ...
.


Career in finance

While still attending graduate school at
NYU New York University (NYU) is a private university, private research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then-United States Secretary of the Treasu ...
, Duneier worked as a foreign exchange option trader specializing in exotic derivatives at
Credit Suisse Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the nine global " ...
in New York City. He was later hired by
Bank of America The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank w ...
to expand their foreign exchange business into European crosses and
Emerging Markets An emerging market (or an emerging country or an emerging economy) is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or were ...
and eventually promoted to Global Head of Currency Option Trading. Soon after Bank of America merged with Nations Bank, Duneier moved to AIG International where he was eventually named managing director in charge of Emerging Markets trading and based out of London, England. In 2002, Duneier launched a proprietary trading portfolio known as "TIP" for AIG International. Shortly after the firm merged with Banque AIG, Duneier became a global macro portfolio manager at London Diversified Fund Management in London and later at Peloton Partners in
Santa Barbara, California Santa Barbara ( es, Santa Bárbara, meaning "Saint Barbara") is a coastal city in Santa Barbara County, California, of which it is also the county seat. Situated on a south-facing section of coastline, the longest such section on the West Coas ...
. In 2008, he was one of the founding partners at Grant Capital Partners which grew to $1.25 billion in assets under management. He left in 2012 to launch Bija Capital Management and eventually Bija Advisors LLC, a consulting firm which advises experienced hedge fund managers, CIO's and asset allocators. Through Bija Advisors, he speaks on and publishes a subscription based newsletter covering topics on economics, cognitive science, and investment management. Duneier's book, ''AlphaBrain'' is released in March 2019 (Wiley & Sons).


Career as a cognitive science practitioner

In 2001, Duneier began to apply his approach to decision making, which he calls "Bija", to his personal life, leading to a long string of eccentric goals and resolutions being set and achieved. In 2012, it reached fever pitch when he embarked upon 12 for 2012, a New Year's resolution which included 12 Learning Resolutions and 12 Giving Resolutions. As part of his resolutions, he has performed at
comedy clubs A comedy club is a venue—typically a nightclub, bar, hotel, casino, or restaurant—where people watch or listen to performances, including stand-up comedians, improvisational comedians, impersonators, impressionists, magicians, ventriloquists, ...
; learned to fly a
helicopter A helicopter is a type of rotorcraft in which lift and thrust are supplied by horizontally spinning rotors. This allows the helicopter to take off and land vertically, to hover, and to fly forward, backward and laterally. These attributes ...
; climbed iced waterfalls; raced cars; had
root canal A root canal is the naturally occurring anatomic space within the root of a tooth. It consists of the pulp chamber (within the coronal part of the tooth), the main canal(s), and more intricate anatomical branches that may connect the root c ...
without anesthetic; learned to speak German; read 50 books in 52 weeks; participated in the Pier to Peak
half marathon A half marathon is a road running event of —half the distance of a marathon. It is common for a half marathon event to be held concurrently with a marathon or a 5K race, using almost the same course with a late start, an early finish or shortcu ...
; learned to
unicycle A unicycle is a vehicle that touches the ground with only one wheel. The most common variation has a bicycle frame, frame with a bicycle saddle, saddle, and has a human-powered vehicle, pedal-driven direct-drive mechanism, direct-drive. A two spee ...
; used jumping stilts to hike; fostered a
pit bull Pit bull is a term used in the United States for a type of dog descended from bulldogs and terriers, while in other countries such as the United Kingdom the term is used as an abbreviation of the American Pit Bull Terrier breed. The term was f ...
; built homes for families in
Arizona Arizona ( ; nv, Hoozdo Hahoodzo ; ood, Alĭ ṣonak ) is a state in the Southwestern United States. It is the 6th largest and the 14th most populous of the 50 states. Its capital and largest city is Phoenix. Arizona is part of the Fou ...
; learned
ballroom dancing Ballroom dance is a set of partner dances, which are enjoyed both socially and competitively around the world, mostly because of its performance and entertainment aspects. Ballroom dancing is also widely enjoyed on stage, film, and television. ...
, how to drum,
slackline Slacklining refers to the act of walking, running or balancing along a suspended length of flat webbing that is tensioned between two anchors. Slacklining is similar to slack rope walking and tightrope walking. Slacklines differ from tightwir ...
,
parkour Parkour () is an athletic training discipline or sport in which practitioners (called ''traceurs'') attempt to get from point A to point B in the fastest and most efficient way possible, without assisting equipment and often while performing a ...
,
skydive Parachuting, including also skydiving, is a method of transiting from a high point in the atmosphere to the surface of Earth with the aid of gravity, involving the control of speed during the descent using a parachute or parachutes. For ...
; and flown planes aerobatically. He set the Guinness World Record for the largest crocheted
granny square A granny square is a piece of square fabric produced in crochet by working in rounds from the center outward. Granny squares are traditionally handmade as crochet cannot be manufactured by machine. They resemble coarse lace. Although there is ...
. It is 1,311 square feet, incorporates more than 30 miles of yarn and weighs over 60 pounds. It took 2 years, 7 months and 17 days to create, and required more than 500,000 double crochet stitches. Duneier now speaks and writes about his experience and how others can take what we have learned from research conducted in the field of cognitive science in order to make better decisions and achieve bigger goals.


Career as a lecturer

Duneier teaches undergraduate and graduate level courses on
Decision Analysis Decision analysis (DA) is the discipline comprising the philosophy, methodology, and professional practice necessary to address important decisions in a formal manner. Decision analysis includes many procedures, methods, and tools for identifying, ...
in the College of Engineering at the University of California in Santa Barbara.


Career as an artist

Duneier is an
installation artist Installation art is an artistic genre of three-dimensional works that are often site-specific and designed to transform the perception of a space. Generally, the term is applied to interior spaces, whereas exterior interventions are often called ...
, part of the fiber-art movement known as
Yarnbombing Yarn bombing (or yarnbombing) is a type of graffiti or street art that employs colourful displays of knitted or crocheted yarn or fibre rather than paint or chalk. It is also called wool bombing, yarn storming, guerrilla knitting, kniffiti, urba ...
. His installations exist for just 9 days typically in
Los Padres National Forest Los Padres National Forest is a United States national forest in Southern California, southern and central California. Administered by the United States Forest Service, Los Padres includes most of the mountainous land along the California coast ...
. As part of his 2012 resolution to learn 12 new skills, Duneier learned how to knit. His first project was the covering of a 40-foot tall eucalyptus tree, 2.6 miles up the Cold Spring Trail in
Santa Barbara, California Santa Barbara ( es, Santa Bárbara, meaning "Saint Barbara") is a coastal city in Santa Barbara County, California, of which it is also the county seat. Situated on a south-facing section of coastline, the longest such section on the West Coas ...
. It required 450 square feet of knitted material. The installation remained for just 9 days and all material used was donated to Warm Up America, a charity in
North Carolina North Carolina () is a state in the Southeastern region of the United States. The state is the 28th largest and 9th-most populous of the United States. It is bordered by Virginia to the north, the Atlantic Ocean to the east, Georgia and So ...
. The following year he wrapped a massive boulder atop the Saddlerock hiking trail above
Montecito, California Montecito (Spanish for "Little mountain") is an unincorporated town and census-designated place in Santa Barbara County, California.McCormack, Don (1999). ''McCormack's Guides Santa Barbara and Ventura 2000''. Mccormacks Guides. p. 58. . Located ...
. His third installation was a large spiderweb made out of yarn which covered Sasquatch Cave in The Playgrounds at Lizard's Mouth. For his fourth installation, Duneier created a giant starfish made with reflective yarn from Red Heart Yarns and hung it 40 feet above the Seven Falls Trail. His fifth installation occurred at
Santa Barbara City College Santa Barbara City College (SBCC) is a public community college in Santa Barbara, California. It opened in 1909 and is located on a campus. History Santa Barbara City College was established by the Santa Barbara High School District in 1909, ma ...
where he laid out nearly 2,500 square feet of knitted and crocheted pieces on their lawn. For his sixth installation, he invited fiber artists from around the world to collaborate with him by sending crocheted and knitted pieces of any size, shape, color and style to participate. He received contributions from 388 artists in 36 countries and all 50 US States. Combined with his own work, he wrapped 18 giant boulders at Lizards Mouth in the
Los Padres National Forest Los Padres National Forest is a United States national forest in Southern California, southern and central California. Administered by the United States Forest Service, Los Padres includes most of the mountainous land along the California coast ...
above Santa Barbara in California. His most recent project was called the Alien Campsite where he incorporated additional materials including
fiberglass Fiberglass (American English) or fibreglass (Commonwealth English) is a common type of fiber-reinforced plastic using glass fiber. The fibers may be randomly arranged, flattened into a sheet called a chopped strand mat, or woven into glass cloth ...
, wood, and metal in addition to
yarn Yarn is a long continuous length of interlocked fibres, used in sewing, crocheting, knitting, weaving, embroidery, ropemaking, and the production of textiles. Thread is a type of yarn intended for sewing by hand or machine. Modern manufact ...
. He created 10 aliens and 24 tents for the installation which lasted just 36 hours before being ripped apart by high winds in the canyon. The installation was permitted by the
US Forest Service The United States Forest Service (USFS) is an agency of the U.S. Department of Agriculture that administers the nation's 154 national forests and 20 national grasslands. The Forest Service manages of land. Major divisions of the agency inc ...
for the area just below the Davey Brown Trailhead. It incorporated Duneier's own work plus contributions from 656 fiber artists from 41 countries and all 50 states. Duneier's work is represented by the Sullivan Goss Gallery. As part of his stated mission to build a global community kind and creative people, Duneier hosts the Yarnbomber podcast in which he features interviews with famous yarnbombers from around the world including Carol Hummel, London Kaye and Jessie Hemmons.


See also

*
Cognitive bias A cognitive bias is a systematic pattern of deviation from norm or rationality in judgment. Individuals create their own "subjective reality" from their perception of the input. An individual's construction of reality, not the objective input, m ...
*
Land art Land art, variously known as Earth art, environmental art, and Earthworks, is an art movement that emerged in the 1960s and 1970s, largely associated with Great Britain and the United StatesArt in the modern era: A guide to styles, schools, & mov ...
*
Site-Specific Art Site-specific art is artwork created to exist in a certain place. Typically, the artist takes the location into account while planning and creating the artwork. Site-specific art is produced both by commercial artists, and independently, and can ...
*
Environmental art Environmental art is a range of artistic practices encompassing both historical approaches to nature in art and more recent ecological and politically motivated types of works. Environmental art has evolved away from formal concerns, for example ...
*
Decision Analysis Decision analysis (DA) is the discipline comprising the philosophy, methodology, and professional practice necessary to address important decisions in a formal manner. Decision analysis includes many procedures, methods, and tools for identifying, ...
* Bija *
Yarnbombing Yarn bombing (or yarnbombing) is a type of graffiti or street art that employs colourful displays of knitted or crocheted yarn or fibre rather than paint or chalk. It is also called wool bombing, yarn storming, guerrilla knitting, kniffiti, urba ...
*
Fiber art Fiber art (fibre art in British spelling) refers to fine art whose material consists of natural or synthetic fiber and other components, such as fabric or yarn. It focuses on the materials and on the manual labor on the part of the artist as ...


References


External links


Official Website of Bija Advisors LLC

Official Website of Yarnbomber Stephen Duneier

2012 New Year's Resolution Blog

Official Website of The League of Professional Educators

University of California Santa Barbara TMP Website
{{DEFAULTSORT:Duneier, Stephen University of Florida alumni New York University Stern School of Business alumni Florida Atlantic University alumni American financiers American hedge fund managers American investors American management consultants American money managers American chief executives American installation artists 21st-century American economists Behavioral economists Behavioral finance American textile artists Living people 1967 births