What We Do
“When events change, I change my mind. What do you do?”
--- Paul Samuelson - Nobel Prize Winner and father of dynamic asset allocation
All investment strategies are based upon a set of assumptions or historical research including buy and hold. Economic regimes constantly change; interest rates, inflation and equity markets can move substantially up or down and significantly impact portfolio returns. Unlike endowments, investors do not have an infinite time horizon. For this reason we believe that a traditional strategic asset allocation approach based on modern portfolio theory is suboptimal. It makes more sense to adapt to changes in the economic environment. We favor a dynamic approach to asset allocation using market information to guide our investment decisions. Most importantly, we believe that a systematic, quantitative approach is necessary to avoid emotions and biases in decision-making.
We believe that an ongoing commitment to research is the foundation of our investment philosophy. It is the key to uncovering new and actionable information that can be used to further enhance existing models and to develop new strategies.
Keys Tinney, CFP®
CEO & Founder>Keys is responsible for strategic and operational oversight of the firm. He is also Managing Partner of Aveo Capital Partners, a transparent collective of private wealth managers. Previously, Keys was Managing Partner of Integrated Advisors Consulting where he worked with advisory firms to retool key strategic relationships with accounting firms to increase profitability and partner buy-in. Prior to Integrated, he was Senior Vice President with iPro One, a buy-and–build partner to Top 100 accounting firm owned RIA’s. He played a key role in forging acquisitions representing over $1.5 billion in AUM. Before joining iPro, Keys had over a decade of experience as a financial advisor working with high net worth clients and cultivating strategic alliances with attorneys and accountants at the firm he founded in 2000, Integrated Advisors. Keys began his career as a financial advisor with Prudential Financial and is a graduate of the University of Colorado.
David Varadi, CFA®
Chief Quant>David has over 10 years of experience in quantitative research and developing trading algorithms for portfolio management. Most recently, he was the Vice President of Economic Research and Strategic Development at Flexible Plan Investments. Prior to that, he served as the Quantitative Director for Butler, Philbrick, and Gordillo at Macquarie Wealth Management. David is the President and founder of CSS Analytics Corp. (CSSA), an institutional consulting firm that provided medium-sized hedge funds and asset managers with analytics, quantitative systems and portfolio tools. The CSS Analytics blog (http://cssanalytics.wordpress.com) is currently one of the most popular and well-respected sources for original quantitative research worldwide. David graduated with an MBA in Finance from the prestigious Schulich School of Business in Toronto, Canada.
Stephen Erwin, Esq.
Chief Compliance Officer>Stephen Erwin is the general counsel and chief compliance officer of Blue Sky Asset Management, and its affiliate Aveo Capital Partners. Stephen has more than a decade of experience representing investment advisers, hedge funds and private equity funds in business and regulatory compliance matters and as CCO. Prior to joining BSAM, Stephen was general counsel and CCO of a large investment adviser and hedge fund complex based in Boulder, CO, and member of Scheid, Cleveland & Fein, LLC in Denver, CO.
THE SNOWFLAKE – SIMPLE YET ELEGANTLY COMPLEX
--- Steve Jobs - former CEO of Apple
The snowflake is a wonder of nature, appearing so simple and yet it is deceptively complex. Its unique shape is determined by the specific path it follows when falling through the sky. No two are the same, and the number of possible different shapes is infinite. The symmetry of the snowflake has proven influential in the field of mathematics and fractal geometry.
Similar to the snowflake, we believe that solutions to complex investment challenges should be simple to understand and intuitive. They should be founded upon thoughtfully researched principles that are timeless and enduring.