Investment Team
TEAM APPROACH
Stonebridge utilizes a team approach to portfolio management. In addition to daily morning meetings, the investment team has regularly scheduled strategic review sessions to discuss each client individually. With regard to changing market conditions, in-depth discussions about adjustments to investment strategy are methodically undertaken and changes implemented when warranted.
Stonebridge's team approach to investment management assures that all areas affecting portfolio performance are skillfully addressed and coordinated in order to obtain the best possible performance.
Scott Fleming is President and CIO of Stonebridge Advisors LLC. Prior to founding Stonebridge, Mr. Fleming co-founded Spectrum Asset Management, Inc., an investment advisor that specializes in preferred securities asset management for institutional clients and mutual funds. During his thirteen-year tenure there, he served as Chairman of the Board of Directors, Chief Financial Officer and Chief Investment Officer. Under his leadership, Spectrum grew to be the largest preferred securities manager in the country.
Mr. Fleming previously served as Vice President, Portfolio Manager for DBL Preferred Management, Inc. in New York City. As head portfolio manager, he managed institutional assets with a strategy specializing in preferred securities. Mr. Fleming received his MBA in Finance from Babson College in Wellesley, MA and a BS in Accounting from Bentley College in Waltham, MA.
Robert DeRochie serves as Senior Vice President, Portfolio Manager and Credit Analyst for Stonebridge. Prior to joining Stonebridge, Mr. DeRochie was Chief Financial Officer for Startech Environment Corporation. He previously worked for Queensway Investment Counsel, Ltd. in Canada as Vice President and Portfolio Manager where he managed custom portfolios for institutional clients, primarily in fixed-income and preferred securities.
Prior to Queensway, Mr. DeRochie was Assistant Vice President, Portfolio Manager for National Reinsurance Corporation, where he managed the firm's fixed-income securities and preferred securities portfolio. During his time at National Reinsurance, Mr. DeRochie gained a solid understanding of regulatory requirements for insurance reporting mandates. Mr. DeRochie received his BS degree in Finance and Economics from Alfred University, Alfred, NY, and his MBA in Finance from the University of Bridgeport, Bridgeport, CT.
Richard Fortin, CFA serves as Senior Vice President, Portfolio Manager and Credit Analyst for Stonebridge. Mr. Fortin brings over ten years of equity capital markets experience to Stonebridge. Prior to joining Stonebridge, Mr. Fortin was Senior Equity Analyst for the Telus Corporation Pension Fund where he was a member of the Canadian Equities team. At Telus, Mr. Fortin's responsibilities encompassed detailed company analysis across numerous industries, investment strategy formulation and security selection/portfolio construction.
Mr. Fortin previously worked for Soundvest Capital Management (formerly Queensway Investment Counsel, Ltd.) in Canada as an Equity Analyst where he performed analysis of equities in a broad range of industries in Canada and the United States. At Soundvest, Mr. Fortin was also responsible for analyzing the Income Trust market at a time when the sector was in its infancy. Mr. Fortin received his Honors Bachelor of Commerce degree from the University of Ottawa in 1995, and his CFA designation in 2000.
Allen Shepard, PhD serves as Risk Analyst for Stonebridge. Dr. Shepard joined Stonebridge in 2004 and developed proprietary hedging models for use in managing preferred and fixed-income securities. Prior to joining Stonebridge, Dr. Shepard held positions as a Gibbs Instructor in the Mathematics Department at Yale University and as an Assistant Professor of Mathematics at Allegheny College.
Dr. Shepard brings a strong academic background to Stonebridge's analytical team. He received a BA in Mathematics from Hampshire College in 1980 and a PhD in Mathematics from Brown University in 1985, specializing in the field of algebraic topology. His subsequent research has been in mathematical economics. In order to expand his background in applied mathematical disciplines, Dr. Shepard returned to graduate school during 1995-1997, first in the Economics Department at MIT and then in the PhD program in Economics at Boston University.
Robert Wolf serves as Assistant Vice President, Credit Analyst, for Stonebridge. Mr. Wolf brings eight years of fixed-income experience to Stonebridge. Prior to joining Stonebridge, Mr. Wolf was a high yield fixed-income research analyst at Lehman Brothers. In this role, his responsibilities included detailed credit analysis across multiple sectors, relative value analysis, and developing trade recommendations for Lehman's High-Yield proprietary trading effort.
Mr. Wolf previously worked for Lehman Brothers Commercial Mortgage-Backed Securities (CMBS) trading desk as a credit analyst where he provided in-depth analysis of CMBS transactions and the underlying Commercial Real Estate. Mr. Wolf received his BS degree in Chemistry from Villanova University in 1999 and his MBA in Finance from the New York University Stern School of Business in 2004.