Our latest white paper "Are Treasurers Losing Millions on Their Investments? How the Worlds's Largest Corporations Invest" is now available.
Produced by Steve Johnson, CFA, Co-Founder of Adherence Capital Management, the paper reviews the following:
Please click here for a pdf version of the white paper: Are Treasurers Losing Millions on Their Investments?
Steve Johnson, CFA, Co-Founder, Adherence Capital Management
Former Chief Investment Officer at Apple Inc.'s Treasury Office (Braeburn Capital)Former Chief Investment Officer at the City of San Diego's Treasury OfficeFormer Fixed Income Portfolio Manager at Caterpillar Inc.
To me, Adherence means "no surprises"
"At Apple, during the 2008 financial crisis, our job in corporate treasury was to make sure our CEO and CFO had smooth earnings calls each quarter with Wall Street's analysts. We wanted them talking about iPhones, not impairments! We had a great team, but above all else, none of us ever wanted that "3 AM phone call" from Steve Jobs - no surprises! After managing fixed income at small firms, large firms, and through three economic crises, I have learned to worry about unknown future events, because history has been unkind to those who were not prudent. I also have learned to say "enough is enough!" of Wall Street's high fees. For these reasons, we stay focused on preserving capital and providing cost-efficient, liquid portfolios."
Mark Lewis, Co-Founder, Adherence Capital Management
Principal, Institutional Fixed Income Trading Former Managing Director and Partner, Wilshire Associates
To me, Adherence means "trusted relationships"
"For over 27 years I have focused on understanding each client's specific circumstances and unique needs. Additionally, I have built trusted relationships with over 90 Wall Street trading desks, ensuring a constant flow of investment ideas and best execution for clients. At Wilshire, a risk management analytics provider, I oversaw teams during the aftermath of the 2008 financial crisis where we helped some of the world's largest fixed income owners, including central banks, sovereign wealth funds, state investment boards, universities, and global asset managers."
As your fiduciary, we are founded by treasury and investment professionals who: