Ernest Jaffarian

Efficient Capital Management LLC

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Ernest Jaffarian is the Founder, Chief Executive Officer and Co-CIO of Efficient Capital Management, LLC (Efficient). In 1986 he joined Chicago Research & Trading Group (CRT) as a member of the proprietary trading group on the floor of the Chicago Board Options Exchange (CBOE) and rose to the position of Senior Vice President for OTC Treasury Options. Immediately prior to founding Efficient, Mr. Jaffarian was responsible for the managed futures department of Hull Equity Management, LLC and for the allocation of Hull Trading Company, LLC's proprietary capital among trading advisors. He graduated from the University of Oregon in 1974 with a B.A. in History.