People

Joe Terranova

Joe Terranova

Formal First Name
Joseph (Joe)
Dates
1966 - present

Joseph Terranova is a Senior Managing Director and Chief Market Strategist for Virtus Investment Partners. He is responsible for overseeing investment activities as well as providing insight into the domestic and global multi-asset investment landscape. Prior to this, Terranova spent 18 years at MBF Clearing Corp, where he honed his risk management expertise. During his time at MBF, he oversaw the firm's proprietary trading operations during some of the most grievous times for the United States markets.

Professional Experience


Academic History

TERRANOVA US QUALITY MOMENTUM INDEX

  • Terranova developed and launched VTUSQM. It began publicly pricing in August 2020.
  • The index methodology seeks to provide systematic exposure to domestic large-cap companies showing both quality and momentum characteristics.
  • It reflects the investing principles in which Terranova has utilized to assess the markets throughout his career.


MBF CLEARING CORP

  • Terranova managed more than 300 traders and support staff for MBF.
  • He oversaw proprietary trading operations during some of the most calamitous times in the markets, including the first Gulf War, the 1998 Asian Crisis, 9/11, and the collapse of Amaranth Advisors. 
  • His work was highlighted as the feature story in the June 2004 issue of Futures Magazine.


NOTABLE CALLS

  • In 2003, Terranova was one of the first professionals on Wall Street to make an early call for higher energy, natural resources, and commodity prices. 
  • In June 2008, he warned investors to move to the sidelines in commodities.
  • In March 2009, he encouraged investors to ignore the global “embracement of pessimism” and overweight equities. 

MEDIA AND PUBLICATIONS

  • Terranova is the author of Buy High, Sell Higher, which is based on his years as a professional trader.
  • He has been a CNBC ensemble member since 2008, appearing regularly on the Halftime Report and Squawk Box.
  • He also contributes financial content throughout the CNBC media and digital platforms.


PHILANTHROPY

  • Terranova has a strong commitment to charitable work.
  • He created the South Nassau Rock to provide children who play travel baseball and hockey with the tools to develop good sportsmanship
  • He established Bossy’s Bunch, a program that rewards excellence in the classroom for elementary students.
  • He founded and financially sponsored The Courier of Courage with the New York Islanders, while also actively supporting the Islanders Children’s Foundation and Smile Train.