Date post: | 13-Nov-2014 |
Category: |
Economy & Finance |
Upload: | fairport-asset-management |
View: | 476 times |
Download: | 0 times |
Fairport in Fifteen
Audio recorded on October 13, 2011
J.T. MullenChief Investment Strategist J. T. Mullen joined Fairport Asset Management in 2011, bringing more than 30 years of experience as a highly regarded investment and finance professional. As Chief Investment Strategist, J.T. provides leadership and strategic oversight to Fairport’s Investment Committee. J.T. is widely known in the investment community as a creative problem solver, superb listener and effective leader. Among other accolades, he was named ‘Chief Financial Officer of the Year’ in 2007 for charitable organizations by Crain’s Cleveland Business. Prior to joining Fairport, J.T. was Senior Vice President and Chief Financial Officer at The Cleveland Foundation, the second largest community foundation in the country. During his 23 year tenure, he crafted an investment philosophy that led to substantial growth of the foundation's endowment – from $400 million to $1.8 billion. As Chief Financial Officer, he was responsible for managing both the Foundation's investments and its internal financial function. J.T. joined the Cleveland Foundation in 1987 as Controller and was named Chief Financial Officer five years later. He retired from the Foundation in 2010. Earlier in his career, J.T. was a manager with Arthur Young & Company and also with the Cuyahoga County Board of Commissioners. He holds a B.S. in Business Administration from Cleveland State University.Throughout his career, J.T. has been actively involved as an advisor, board member and volunteer for local and national nonprofit organizations. He served on several highly visible national committees addressing community foundation issues, such as investment practices, accounting standards, and alliances with the marketing, technology and financial services industries. He currently serves on the investment committees of United Way of Greater Cleveland, the Catholic Diocese of Cleveland Foundation and CSA Health Systems.
J.T. and his wife, Mary, are the proud parents of five children and four grandchildren. An avid sports fan, J.T. follows many teams and players with a statistical acumen that is impressive. He also enjoys playing golf and reading.
John M. Silvis, CFA Director of Investments
John Silvis, a CFA charterholder, serves as Fairport Asset Management’s Director of Investments. As such, John oversees the research of the Investment Team, determines the asset allocation of Fairport’s model portfolios and directs investment decisions and implementation on a day-to-day basis. John provides clients, prospects and internal staff with guidance about Fairport’s investment philosophy, process and performance. John brings over 15 years of experience to the Investment Team and has been with the firm since 2000. Prior to Fairport, he was a Portfolio Manager at National City Bank. John began his career at Mellon Bank. John obtained his B.A. in Economics at Penn State and his MBA at Baldwin Wallace College. He is a member of the CFA Institute, as well as the CFA Society of Cleveland. John lives in Strongsville with his wife Lori and has three children.
Richard D’Amico, CFAManager of Investments
Richard D’Amico, a CFA charterholder, serves as Fairport Asset Management’s Manager of Investments. In this role, he oversees the implementation of the firm’s fixed income models and is responsible for the review and oversight of Fairport’s alternative investments and strategies. Rick brings over 10 years of experience to the Investment Team and has been with the firm since the summer of 2009. Rick most recently served as a market risk review analyst at KeyBank. Prior to KeyBank, he worked as a licensed equity research analyst at Great Lakes Capital Partners, LTD, covering regional bank and thrift companies. He is a graduate of Mount Union College where he obtained his B.A. in Business Administration with a Finance concentration. He is also a member of the CFA Institute, as well as the CFA Society of Cleveland. Rick lives in Rocky River with his wife Shannon and son. In his free time, he enjoys playing baseball and spending time outdoors.
Source: Standard & Poor’s, FRB. Bloomberg, FactSet, J.P. Morgan Securities, J.P. Morgan Asset Management (Top) Standard & Poor’s, FactSet, J.P. Morgan Asset Management(Bottom) Standard & Poor’s, FactSet, J.P. Morgan Asset Management Data are most recent as of 09/30/11.
(B0151)
Daily Data 1/03/2006 - 10/13/2011
10/13/2011 = 2.19%5.25 5.26
3.93
4.27
4.08
3.07
3.98
3.85
4.01
2.81
3.53
3.75
3.59
3.22
4.43
3.51
3.34
3.41
2.08
2.51
3.21
2.41
3.22
1.72
1.8 1.9 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 3.0 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 4.0 4.1 4.2 4.3 4.4 4.5
4.6 4.7 4.8 4.9 5.0 5.1 5.2
1.8 1.9 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 3.0 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 4.0 4.1 4.2 4.3 4.4 4.5
4.6 4.7 4.8 4.9 5.0 5.1 5.2
J 2006
M M J S N J 2007
M M J S N J 2008
M M J S N J 2009
M M J S N J 2010
M M J S N J 2011
M M J S
10-Year Constant Maturity Treasury Note Yields (Since 2006)
Copyright 2011 Ned Davis Research, Inc. Further distribution prohibited without prior permission. All Rights Reserved. . www.ndr.com/vendorinfo/ . For data vendor disclaimers refer to www.ndr.com/copyright.htmlSee NDR Disclaimer at
Source: U.S. Treasury, J.P. Morgan, J.P. Morgan Asset Management . Default rates are defined as the par value percentage of the total market trading at or below 50% of par value and include any Chapter 11 filing, prepackaged filing or missed interest payments.Spreads indicated are benchmark yields less comparable maturity Treasury yields. Past performance is not indicative of comparable future results.2011 issuance is as of August 2011.Data are as of 09/30/11.
Weekly Data 3/28/1991 - 10/07/2011
(B470A)
AAA-rated Municipals30-Year Muni Yield / 30-Year Treasury Yield
100
120
140
160
180
200
220
100
120
140
160
180
200
220
10-Year Muni Yield / 10-Year Treasury Yield
8090
100 110 120 130 140 150 160 170 180 190
8090
100 110 120 130 140 150 160 170 180 190
5-Year Muni Yield / 5-Year Treasury Yield
80
100
120
140
160
180
200
80
100
120
140
160
180
200
19
92
19
93
19
94
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
Muni/Treasury Ratios (30-Year, 10-Year, and 5-Year)
Copyright 2011 Ned Davis Research, Inc. Further distribution prohibited without prior permission. All Rights Reserved. . www.ndr.com/vendorinfo/ . For data vendor disclaimers refer to www.ndr.com/copyright.htmlSee NDR Disclaimer at
Senior Relationship Team
Paul Abbey
Ken Coleman
Andrew Connors, CFP®
Pete DeVito, CPA, CFP®
Emily Drake, CFP®
Heather Ettinger
Chris Isabella, CPA/PFS
Tom Seifert, CPA/PFS
Emily Shacklett, CPA/PFS
This Fairport in Fifteen presentation is for informational purposes only and should not be relied upon as research or investment advice. It should not be considered as a solicitation or recommendation by Fairport to buy, sell or continue to hold securities or other investments. Past performance is not a guarantee of future results, and is not indicative of any specific investment. It should not be assumed that the investment process and strategy discussed herein has been or will prove to be profitable. Diversification and strategic asset allocation do not assure profit or protect against loss in declining markets.
Audio recorded on October 13, 2011.
Disclosures