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Adam Schenck, CFA, FRM

Financial Risk Management Principal, Managing Director Head of Fund Services
Chicago, IL, US

Tel: +1 312 7260677

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Professional Designations

  • Chartered Financial Analyst (CFA)
  • Certified Financial Risk Manager (FRM)


  • MS Financial Mathematics, University of Chicago
  • BS Mathematics/Computer Science, Eckerd College

Current Responsibility

Adam Schenck oversees the fund services business within Milliman’s Financial Risk Management Practice in the Chicago office, and serves as Portfolio Manager for funds in the market that utilize the Milliman Managed Risk Strategy™. He joined the firm in 2005.


Adam developed innovative risk management techniques for 1940 act investment portfolios, growing Milliman’s fund services business into one of largest true sub-advisory asset managers in the world. These risk managed portfolios are available in a number of investment products that aim to transform the retirement savings industry.

His team analyzes and implements risk management strategies, and performs research on volatility and asset return distributions. The team also produces tools that include volatility forecasting models used to create the Milliman Guarantee Index™, which is published monthly for use by life insurers.

  • Work at Milliman

    • “I was offered a chance to come in, shake things up, create something."
    Work at Milliman