As Chief Investment Officer, Ray is ultimately responsible for investment decisions. Ray was previously a Managing Director and member of the Management Committee of DGAM, a multi-billion alternative investment firm based in Toronto. Ray co-founded and managed the Mosaic hedge fund business inside DGAM as Chief Investment Officer (CIO) of the Mosaic Fund. Prior to this role, Ray was Director of Portfolio Strategies for DGAM's Alternative Strategies business and was one of three members of the Alternative Strategies Investment Committee. Before joining the launch of DGAM, Ray was a Vice President at RBC Capital Markets focused on risk management solutions for corporate clients. Ray was also Senior Manager at RBC Royal Bank responsible for equities and equity derivatives risk management. Ray holds a Ph.D. in mathematics in the field of inverse problems.