Investment management professional with significant multi-asset class investment management experience as a generalist across multiple market environments.
Investment management decision making or leadership position with a multi-asset class investment management organization.
Back packing, mountain trout fishing
Target shooting (pistol and rifle)
Sailing (member of a club with 24 to 36 foot cat rigged sloops)
Community volunteer (non-profit board membership, ESL instructor, Habitat for Humanity, Special Olympics)
Volunteer in my profession: (CFA review course instructor for the local CFA society)
Searching for ranch land in the Western US to raise trout and cattle or possible timberlands. Plan to experiment with alternative energy (wind, solar or fuel cells) and build an energy efficient home.
United States Marine Corps Officer
United States Marine Corps & Reserve
Company commander. Combat command of 125 Marines and 14 M1A1 tanks during Operation Desert Shield/Desert Storm.
Field Grade United States Marine Corps officer
Nuclear weapons officer with top secret clearance
2009 - Present
Outsourced investment management function for independent investment advisors, family offices and multi-asset class institutional investors. Eastgate Advisors' manages downside risk focused multi-manager, asset allocation strategies.
Apr 2010 - Present
Director, Investment Risk Management
National Railroad Retirement Investment Trust
NRRIT is a $24 billion multi-asset class defined benefit pension trust with a traditional asset focused risk framework.
2003 - 2010
Teaching Faculty, Graduate School of Management
City University of Seattle
Adjunct instructor in investment management theory in the graduate school of management.
2005 - 2009
Senior Manager, Pension Investments
Multi-asset class funds management of $6.5 billion in defined benefit and defined contribution plan assets plus a $200 million captive insurance fund. One fund manager direct report in a three person department. Secretary to the GP investment committee (CEO, CFO, Treasurer, VP Pension Investments) and participated in investment committee deliberations.
Performed ongoing external manager research and due diligence on 40+ external managers across traditional and alternative asset classes as a generalist. Provided oversight on a prime broker, a master custodian, a securities lending agent and multiple transition managers.
Created the asset allocation and external manager allocation models used by the department. Managed the department's investment risk management program (see paper on Managing Risk, at right).
Managed the department’s cash equitization program with $100 million in discretionary futures trading authority. Futures program cost effectively maintained plan asset allocation policy and was used for risk management purposes.
Effort allocation: 30% manager research & due diligence, 30% asset allocation, manager allocation, risk management and cash management, 20% market and investment performance analysis, 20% thought leadership, research and reporting.
Defined benefit plan outperformed its policy benchmark by 83 basis points net of fees and expenses during my tenure while beta (risk) declined from 1.1 to 1.0.
Defined benefit plan outperformed its policy benchmark each year during my tenure.
Georgia Pacific was taken private by Koch Industries of Wichita, KS in 2006. In 2009 Koch consolidated all of its various pension investment operations onto a shared services platform located in Scottsdale, AZ. During the 4th quarter of 2008 I transitioned GP’s defined benefit plan assets to a shared investment services platform with Koch Industries with effect in early 2009. None of the investment professionals in Atlanta were retained in the consolidation.
2003 - 2005
Chief Investment Officer
Rubicon Global Asset Management
Created the investment philosophy and managed the investment decision process on three risk targeted multi-manager, asset allocation model portfolios with total assets less than $30 million. Effort allocation: 50% strategy, asset allocation, risk management and manager allocation, 30% manager research and analysis, 20% performance analysis and client presentation/reporting. Each model portfolio consistently outperformed its benchmark and peer group.
2001 - 2002
Deputy Fund Manager/Head of Manager Research
Abu Dhabi Investment Authority
Supervised external manager research on five equity mandates with assets of $20 billion as a player-coach. Mentored four expatriate manager research analysts and five UAE national trainees. Effort: 100% external manager research, due diligence and coaching other investment professionals.
2000 - 2001
Institutional Investment Management Consultant
UBS Prime Asset Investment Consulting
Investment management consulting to small/mid-sized institutional clients. Effort: 30% manager research, 20% asset allocation & thought leadership, 50% client facing/client oriented.
1996 - 2000
Institutional Client Servicing/Marketing
Rainier Investment Management
Assisted the principals of a boutique firm in growing assets under management from $2.5 billion to $6.5 billion as the firm’s only full time institutional marketing employee. 100% client facing.
1992 - 1996
Corporate Treasury/Defined Contribution Plan Investment Administration
Idaho Power Company
Transitioned employee stock ownership plan to participant directed, multi-manager (best in class) 401(k) plan. Responsible for administration and ERISA compliance, employee investment education and mutual fund manager oversight on a $165 million ERISA plan. Participated in investment committee deliberations as secretary to the investment committee. Increased plan participation rates from mid 70% to low 80% of eligible employees. Created risk tolerance based asset allocation model portfolios using available plan investment options for 401(k) plan participants.