Karen Chong-Wulff, CFA, CAIA

With over 35 years of experience in the stable value investment industry, Karen Chong-Wulff brings unparalleled depth and perspective to every client engagement. Her career has spanned the full spectrum of the stable value ecosystem—collaborating with stable value managers, fixed income teams, product issuers, consultants, and plan sponsors.   

Karen has led investment departments and multidisciplinary teams with a focus on fixed income and stable value strategies. She has overseen all aspects of portfolio construction, asset allocation, and risk management, as well as the due diligence, negotiation, and execution of wrap contracts, GICs, and fixed income manager relationships. Her strength lies in aligning investment strategies with fiduciary responsibilities and contract provisions.

Over the years, Karen has consistently delivered top-quartile performance in managing both separate accounts and pooled funds, with a focus on capital preservation, return stability, and liquidity optimization. She has pioneered innovative stable value solutions, including those integrated into target date funds. She is widely respected for her ability to build strong collaborative partnerships with issuers, asset managers and internal stakeholders. Her inclusive and visionary approach, grounded in integrity, action, and empathy, has earned lasting trust across the industry.

Career Highlights: 

• MissionSquare Retirement (17+ years):

  • Interim Chief Investment Officer

  • Head of Fixed Income & Stable Value

  • Lead Portfolio Manager

• DuPont Capital Management (11+ years):

  • Portfolio Manager

  • Team Leader

• Morley Capital Management (9+ years):

  • Portfolio Manager

  • Product Analyst

  • Credit Analyst

Industry Recognition & Thought Leadership: A contributing author to the Handbook of Stable Value Investments and Karen is a frequent speaker at industry forums, including Stable Value Investment Association (SVIA) events. She is widely recognized in the industry for her practical insight, strategic innovation, and leadership credibility.

Professional Affiliations & Credentials: Karen is a CFA Charterholder, CAIA Charterholder, and holds the CFA ESG Investing Certificate. She is an active member of both the CFA Institute and the Chartered Alternative Investment Analyst Association. She has served as a Board Director of the Stable Value Investment Association (2000–2005, 2007, 2024–2025) and as an Investment Committee Member for the Delaware Community Foundation (1998–2001).

Education: Karen holds an MBA in Finance from Washington State University, where she received the Top Student Award, and a Bachelor of Accountancy from the National University of Singapore.