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| Rocio Diaz, Will Slaughter, and Mike McGuire |
On Wednesday, December 9, 2015, a team (including Will
Slaughter, Michael McGuire and Rocio Diaz) from Northwest Passage Capital
Advisors presented in Dr. Krause’s Fixed Income class. The firm is an active
fixed income investment company focused on emerging markets debt. Northwest
Passage advises institutional clients on blended USD/local currency emerging
market mandates on a separate account basis, delivering "core-plus"
exposure to the EMBI, CEMBI, and GBI-EM emerging market debt universes on a
customized basis.
Jeff Deangelis, a long-time friend of the AIM program, is a
Founder, President and Chief Investment Officer of Northwest Passage. The firm’s
principals have over 50 years of direct investing experience in fixed income
and emerging markets, and bring a focused top-down sovereign credit approach to
our investment process. Founded in 2013, the firm currently manages more than $750
million in client assets. |
| Slaughter and Diaz in the classroom |
Will Slaughter, CFA, a Partner / Senior Portfolio Manager,
obtained his MBA from the University of Chicago Booth School of Business in
Analytic & Economics. Graduating with high honors, Will’s dual
concentration emphasized international macroeconomics and mathematical finance.
He has extensive experience in fixed income asset pricing, interest rate
models, and derivatives. He also obtained a M.A. in Mathematics from the University
of Alabama, Huntsville and a B.A., Engineering/ Physical Sciences from Harvard
College University.
As a co-founder and lead portfolio manager for Northwest
Passage Capital Advisors, Will talked to the AIM students about investment
grade sovereign and quasi-sovereign credit. He emphasized their focus on
flexibility and how to add value through tactical allocations to EM high yield
and/or local currency government bonds.
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| Mike McGuire |
Michael McGuire is a Principal with Northwest Passage Capital
Advisors. A co-founder and Research Director, Mike brings considerable
investment experience to the team. He previously worked for Stark Investments,
where in assisted the Lead Portfolio Manager in daily portfolio adjustments and
idea maintenance for a $3.5B multi-asset class book. Mike had interned with
Mason Street Advisors and the State of Wisconsin Investment Board.
While pursuing has Masters in Applied Economics at Marquette,
Mike was Dr. Krause’s Graduate Assistant for the Applied Investment Management
Program for two years. His Master's thesis was titled, “The Daily Determinants
of Emerging Market CDS Spreads.” Dr. Krause, who was a member of his thesis
committee, stated that “Mike’s research was one of the best work products I
have seen over the years at Marquette. His use of econometric modeling and the
selection of his independent variables was impressive. He identified some
interesting relationships that will likely help Northwest Passage obtain alpha.
I was pleased to be a member of his committee; it was high quality work.”
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| McGuire, Slaughter, Diaz and Krause |
Rocio Diaz also spoke to Dr. Krause’s Fixed Income class. She
is an Investment Analyst with Northwest Passage Capital Advisors. Rocio
graduated from Marquette University in 2014 with a Bachelor of Science in
Business Administration, Finance (AIM program) and International Business, Cum
Laude. Rocio works on projects relevant to current portfolio holdings and presents
potential investment ideas to the investment team. She had previously been an intern with the
firm and with Cascade Investments/BMGI. In addition, Rocio was an accounting
Intern with Telefonía Pública y Privada S.A., in her hometown of Buenos Aires,
Argentina. Rocio is a Level II CFA candidate.
This was the second year that the group came to campus to
present and meet with students. Dr. Krause said, “I know that the students
enjoyed hearing from this group. Discussions about geo-politics and
macro-economics are interesting – especially when it involves emerging markets.
The students were very impressed with the depth of knowledge that Will, Mike
and Rocio possess. It was fun having them back on campus.”
