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®
Managing Partner>Keys is the Founder and Managing Partner of Blue Sky Asset Management, LLC (BSAM). Additionally, he has been the Managing Partner of Aveo Capital Partners, LLC, a Registered Investment Advisory firm providing private wealth management services to high net worth investors. Prior to Aveo, Keys worked with a boutique firm working with large accounting firm owned RIA’s to re-engineer their wealth advisory and asset management platform. Keys is a Certified Financial Planner® (CFP) and received his B.A. from the University of Colorado.
David Varadi, CFA®
Director or Research>David has been the Director of Research at Blue Sky Asset Management since 2014. Previously, David was the Vice President of Economic Research and Strategic Development for Flexible Plan Investments overseeing quantitative strategy development. Before joining Flexible Plan Investments, David was the Quantitative Director for Butler, Philbrick and Gordillo in Toronto, Canada. He was also the founder of CSS Analytics, an institutional quantitative investment management consulting firm and author of the popular CSSA blog. David is a CFA charterholder, and received his MBA from the Schulich School of Business at York University in Toronto.
Stephen Erwin, Esq.
Chief Compliance Officer>Steve serves as the Chief Compliance Officer of Blue Sky Asset Management. Previously, Steve was the general counsel and CCO of a large multi-faceted investment advisory and asset management firm in Boulder, CO. Stephen has more than a decade of experience representing investment advisers, hedge funds and private equity funds in business and regulatory compliance matters. Stephen holds a BBA in Accounting from the University of Wisconsin-Madison and a Juris Doctorate, Cum Laude, from the Florida State University College of Law.
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.