Manager Management
Resume:
ROBERT D. SHUMAKER, C.F.A.
New York, NY 10017
**************@*****.***
Summary
Substantial experience with domestic, international, public, private, and alternative assets at
large institutional asset managers. Experienced equity portfolio manager. Well-versed in all
aspects of the portfolio management process - research, portfolio construction, analysis,
investment process design, and technology/infrastructure. Investment style utilizes factors
typically used by fundamental analysts including value, earnings quality, earnings growth, cash
flow, expectations, management signals, and technicals.
Experience
BIFROST QUEST CAPITAL, LLC, New York NY (2010-present)
MANAGING MEMBER
• Manage start-up managed futures hedge fund (CTA).
• CTA strategy makes short term asset allocation investments with objective to be uncorrelated with equity
market and hedge fund indices.
NOMURA SECURITIES INTERNATIONAL, New York, NY (2006-2009)
DIRECTOR, RESEARCH
• Developed quantitatively based stock selection factors.
• Reviewed academic literature for new factor ideas, set research priorities, and executed
specific research projects.
• Built/maintained database of factor returns.
• Evaluated portfolio construction methods, optimization software, and generated portfolio
simulations.
• Published model portfolio of US stocks from dynamically weighted multifactor investment process.
• Published factor performance in US and global stock markets and provided commentary on
recent trends.
• Analyzed relationships between option/credit markets and stock market performance.
• Discussed research process and reports with clients.
ANIRA ADVISORY GROUP, LLC, San Francisco, CA (2005)
PORTFOLIO MANAGER AND INTERIM CIO
• Conducted research, manager due diligence, and asset allocation for start-up hedge fund-of-funds.
GENERAL MOTORS ASSET MANAGEMENT CORPORATION, New York, NY (1989-2004)
DIRECTOR, EQUITY STRATEGY AND PORTFOLIO MANAGER (19962004)
• Managed $700 million active US equity large cap value portfolio and $300 million enhanced index
portfolio.
• Large cap value portfolio utilized different quantitative factors in different industries.
• Quantitative factors incorporated broad dimensions used by fundamental analysts
including value, earnings quality, earnings growth, cash flow, expectations, management
signals, and technicals.
•Cumulative excess return was above benchmark and peer group median for 1996-2004.
• Conducted due diligence on domestic equity and market neutral managers and monitored
existing managers.
• Restructured $18 billion of US equity assets into seven style funds.
Trained and supervised two investment analysts.
EQUITY ANALYST AND TRADER (19951996)
• Provided in-house equity portfolio managers with excess return-generating strategies utilizing
proprietary screening criteria and BARRA risk model.
• Conducted ad hoc company and industry research.
• Performed style analysis of internally managed equity portfolios and recommended style
benchmarks.
• Bought and sold stocks for three portfolio managers.
INVESTMENT RESEARCH ANALYST (19891995)
Tax-exempt pension investments in the US, Canada, and Europe:
• Generated efficient frontier analyses for strategic and tactical asset allocation decisions.
• Measured performance of US and Canadian asset allocation decisions and duration
bets.
• Conducted diversification analysis of emerging market investment program and
evaluated benchmark alternatives.
• Provided quantitative research support for private investments in real estate and venture
capital.
• Conducted ad hoc quantitative research projects for GM's UK, Belgium, and Netherlands
subsidiaries.
Taxable property and casualty insurance investments:
• Performed broad feasibility study of international investment program including: efficient frontier
analysis, review of peer practices, withholding tax analysis, and recommended investment style
and management structure.
• Evaluated investment returns and asset mixes of 100 property and casualty insurance companies to
determine superior return and risk profiles.
Education
MBA, CORNELL UNIVERSITY JOHNSON GRADUATE SCHOOL OF MANAGEMENT (Ithaca NY)
BA, HAMILTON COLLEGE (Clinton NY)
Professional designations: Chartered Financial Analyst, member: C.F.A. Institute and NY Society of
Security Analysts, FINRA Series 3, 7, 63, 86, 87.
Industry achievements: Co-authored “Equity Style Timing” which appeared in the Feb. ’99 Financial
Analysts Journal, presented “Equity Style Timing” at fall ‘97 Institute for Quantitative Research in Finance
conference.
Computer proficiency: MarketQA, R, SQL, BARRA Aegis/Alphabuilder, Axioma, FactSet, Clarifi.
Computer programming familiarity: SAS.
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