President and Chief Investment Officer, Nottingham Advisors, Inc.
As head of the Investment Policy Committee, Larry leads the investment research and portfoliomanagement team at Nottingham Advisors. Prior to joining the firm in 2006, Larry w as a partnerw ith O’Bannon, Davis & Whistler, an independent registered investment advisor, and before that spent 10 years as a bond trader w ith Merrill Lynch Capital Markets in New York City and Los Angeles, CA. A 1990 graduate of the College of William and Mary, Larry received an MBA from Emory University in Atlanta in 1994. He earned the Chartered Financial Analyst (CFA) designation in 2003 and is a past-President of the CFA Society of Buffalo.
Traditional Core/Satellite investment strategies typically combine a diversified asset allocation framework with a smaller alpha-seeking segment of the portfolio. With an increased emphasis being placed by many investment advisors on so-called “tactical” managers, as well as other “alpha-generating” trades, it’s not surprising, though somewhat disappointing, that simple beta often gets ignored. In a year when…