About Us


Michael J. Oyster, CFA, CAIA

Michael Oyster is an accomplished investment strategist, researcher, tactician and published subject matter expert with over 25 years of professional experience spanning the entire investment universe.

Michael is the former Chief Investment Strategist with Fund Evaluation Group, LLC (FEG). Upon joining FEG in 1999, Michael began researching traditional and alternative investment managers as well as conducting and publishing topical research on markets and the economy. 

He has studied, advised on and deployed client capital into nearly every type of investment opportunity that exists today from traditional equity and fixed income to hedge funds, private capital and derivatives-based mandates. 

As FEG’s Chief Investment Strategist, and member of both the Investment Policy Committee (IPC) and Portfolio Management Team, Michael served as a thought leader and frequent presenter on markets and the economy. His portfolio management duties included building model and bespoke investment portfolios. His IPC duties included reviewing and voting to approve or disapprove of every investment manager on FEG's recommended list.

Michael is a graduate of the University of Cincinnati with a BBA in Finance, a CFA Charterholder, a CAIA Charterholder, a member of the CFA Institute, the CFA Society of Cincinnati, the CAIA Association and American Mensa. He serves as a board member on the Freestore Foodbank Foundation and on the Lincoln W. Pavey Educational Foundation.


Published Works

Michael is the author of two investment books, the most recent of which, Success in a Low Return World, Using Risk Management and Behavioral Finance to Achieve Market Outperformance was published by Palgrave Macmillan in November 2018. 

Michael was twice commissioned by the Chicago Board Options Exchange (Cboe) to conduct research on and provide summary analysis regarding suites of their proprietary options indexes. Additionally, his work with Cboe has included serving as moderator and presenter at multiple Cboe Risk Management conferences.

He has authored countless papers across a vast array of investment subjects including asset allocation and risk management techniques, applying factor analysis to assist with sub-category asset allocation as well as other topical and geopolitical subjects.

View the book