The developed world is in a de-levering, slow-growth, low interest rate environment with 2 – 2.5% GDP growth in the US and Europe, which the market believes will endure for the next half-decade.
New York, NY (PRWEB) February 27, 2013
Philip Matthews of RPM Capital headlined the Ivy Family Office Network New York City Forum with a discussion on “Finding Yield in a ZIRP Environment." The Forum was held on February 21st in New York City, NY.
According to Mr. Matthews, “The developed world is in a de-levering, slow-growth, low interest rate environment with 2 – 2.5% GDP growth in the US and Europe, which the market believes will endure for the next half-decade. A massive increase in public borrowing and expansion of the Fed’s balance sheet has occurred, affecting secular change in the character of the US fixed income market and risk assets globally. “
Moreover, “The 'Off-The-Run' tax-free market – not rated high yield tax-exempt bonds – is currently very attractive, offering significantly enhanced yield (6-7%), transparency, control, and recourse to the assets not offered through the G.O. market. With the aging population, clients need income and traditional solutions are not effective (2% Treasury Bonds).“
Other panel speakers included: Randy Hutton of LibertyView Capital and Ross Smead of Halcyon Loan Management, LLC.
Phil Matthews brings more than thirty years of experience and successful track record in the securities industry. In financial services, his perspective and body of work is extremely unique, as Mr. Matthews was the ninth Partner and twenty-second employee of BlackRock, today the world’s largest investment management firm, with nearly $4 trillion in assets under management. He has also served as the Global Head of Product Management for mortgage-backed and asset-backed securities at Salomon Brothers. Mr. Matthews has also had success in start-up business endeavors as Co-Founder of Nemean Networks LLC and Founding Partner of Horseneck Wines.
At BlackRock, Mr. Matthews served in numerous Executive Management roles from 1990–2004, including Co-Head of the Pensions and Endowments Group, which developed new business and managed account relationships with the largest public and private pension plans in the US.
From 1985–1990, Mr. Matthews served as Global Head of Product Management for Mortgage and Asset-Backed Securities Divisions for Salomon Brothers in New York, where he was responsible for all marketing, sales management and client relations for the division and managed a sales force of over 150 professionals.
Mr. Matthews earned a BA degree in Economics from the University of Michigan, and an MBA in Finance/Investments from the University of Wisconsin-Madison. He is also a member of the Applied Securities Analysis Program at the University of Wisconsin-Madison.
RPM Capital Management, LLC (RPM) is a privately owned registered investment advisor located in Greenwich, CT. RPM specializes in the analysis, acquisition, and management of high yield, tax advantaged securities. They focus on providing clients with higher yielding securities while substantially minimizing the risk associated with the ownership of such securities. They are a conservative, income-oriented, long-only manager. RPM's separately managed accounts are available at Four Wood Capital Partners, based in New York, NY.
The Ivy Family Office Network Forum is part of an ongoing dialogue with family offices to provide high-value education and information on trends for family office investing, structure and operational excellence. Attendees gain practical strategies and solutions to achieve both short and long-term objectives. The program features off-the-record, peer-to-peer discussions in a non-commercial setting, in-depth and highly interactive sessions.
About The Ivy Family Office Network
The Ivy Family Office Network, IvyFON, is a leading peer to peer global family office network with several hundred family offices attending their events around The Americas within the past 12 months. Some of the more than 1,000 past speakers have included 5 of the top 10 largest asset allocating consultancies, pre-eminent alternative investment funds by return, leading institutional investors by size, best-in-class asset management professionals, family office subject matter experts and world-class family offices. Forum sessions are multi-format and cross-disciplinary covering a range of family office centric topics.
IvyFON’s expertise is an outgrowth of one of the United States’ oldest and largest alternative investment networks, the IvyPlus network. IvyPlus began as a peer to peer private equity, real estate and hedge fund network consisting of Ivy League alumni and other participants who attended more than 50 globally comparable programs or through merit are worthy participants in the program.
Additionally the IvyPlus/IvyFON networks support deal networks across multiple disciplines including private equity, venture capital and real estate. More than 10,000 investment, family office and institutional investment professionals have attended IvyPlus forums globally. For more information on the Ivy Family Office Network, go to ivyfon.com/contact.html.
For more information on RPM Capital contact Phil Matthews, pmatthews(at)rpmcapitalmgt(dot)com, call 203-992-1100 or visit RPM’s web site http://www.rpmcapitalmgt.com. For more information on Four Wood Capital Partners, please contact Matthew Kessler at mkessler(at)fourwoodcapital(dot)com, call 310.699.5334 or visit Four Wood Capital Partners’ website at http://www.fourwoodcapital.com .