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Curriculum vitae
LINK TO SHORT
BIO >> |
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Professional accomplishments |
2001
to present
Trend Macrolytics |
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Founder, Chief Investment
Officer
Menlo Park CA |
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With economist David Gitlitz, founded an
investment strategy firm serving institutional investors, focusing on
macroeconomic analysis and forecasting. |
1999 to 2001
MetaMarkets.com |
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Founder, President, Chief Executive
Officer
San Francisco CA |
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Led a venture-backed start-up that developed the world's first "interactive
mutual funds." OpenFund and the IPO & New Era Fund were the
first mutual funds to show all their trades and holdings updated live and
in real-time on the web, and permit interaction between fund managers and
fund shareholders. The MetaMarkets.com website pioneered a new kind of
on-line financial journalism built around the real-time operations of a
professional investment management process. The site developed a cult-like
following thanks to its live portfolio manager commentary by Luskin and
co-founder Dave Nadig, as well as discussion boards featuring interaction
with the MetaMarkets Think Tank, a roster of New Economy luminaries
including Nicholas Negroponte, David Isenberg, Lori Andrews, David
Gitlitz, Reuven Brenner, Nolan Bushnell, Peter Leyden and Peter Sprague. |
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MetaMarkets.com triggered an avalanche of
public interest in increased transparency and disclosure for mutual funds.
Goaded by MetaMarkets.com's crusade, the Securities and Exchange
Commission considered new rules that would increase the
frequency with which funds must disclose their holdings the shareholders.
This was vigorously opposed by the Investment Company Institute, the
lobbying organization of the mutual fund industry. |
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MetaMarkets.com has received
innumerable mentions in the media, and has been honored with the following
awards:
- Forbes Magazine Best of the Web 2001
- Worth Magazine Best of the Web 2001
- Fortune Magazine Cool Company 2000
- Webby nominated for Best Financial Web Site
- Mutual Fund Education Alliance Best Online
Innovation
- Kasina Top 20 Mutual Fund Web Sites
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1987 to 1998
Barclays Global Investors |
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Served as a
member of the three-person management team that built Wells Fargo
Investment Advisors into one of the largest investment management firms in
the world -- building assets under management from $69 billion to over
$500 billion, and profits from $12 million to $160 million -- and
culminating in the firm’s acquisition by Barclays Group PLC in 1995 for
$442 million. Key leadership dimensions were corporate strategy, product
innovation and investment strategy development, strategic client sales and
relationship management, professional staff recruitment and development,
and zero-defect process management. |
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1997 to
1998
CEO: Barclays Global Mutual Funds
Vice Chairman: Barclays Global Investors
London, England |
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Responsible for
Barclays’ Mutual Fund businesses worldwide, and their integration into the
bank other retail businesses and brands. Member of Office of the Chairman
of Barclays Asset Management Group. Re-engineered, rebranded and
relaunched businesses in UK, Offshore, and Australia, and founded new
business in Japan.
In the UK, created product, branding and corporate strategy for b2,
Barclays' innovative online investment and banking business. |
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1996
CEO: Individual Investors
Group
Vice Chairman: Barclays Global Investors
San Francisco CA |
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Responsible for
retail market segment worldwide, and global head of Marketing,
Communications, and Corporate Strategy. Managed rebranding of the former
Wells Fargo Nikko Investment Advisors as Barclays Global Investors, and
its repositioning as a full service global investment management
supermarket. |
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1993 to
1995
CEO: Defined Contribution Group and Individual Investors Group
Vice Chairman: Wells Fargo Nikko Investment Advisors
San Francisco CA |
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Responsible
for all Investment and Marketing operations in 401(k) and retail market segments,
globally. Created the innovative LifePath funds for 401(k) investors,
which have been adopted as investment options under the federal
government's Thrift Savings Plan serving over 3 million government
employees;
awarded US Patent 5,812,987 as inventor. Developed with Morgan Stanley the
"Webs" family of exchange-traded funds, the first sector ETFs, (now called
"iShares"). Developed Automated Net Answerline (ANA), the first online
401(k)participant service environment including account information access
and trading. Member of Executive Committee,
engaged in search for strategic alliance that resulted in acquisition by
Barclays. |
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1990 to 1992
President: Americas Group
Vice Chairman: Wells Fargo Nikko Investment Advisors
San Francisco CA |
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Co-Chief
Investment Officer, responsible for all Portfolio Management, Transaction
Management, Research, Sales and Relationship Management activities in the
United States and Canada. Re-engineered Securities Lending business as a
profit-center based on customer satisfaction and prudent use of
derivatives. Sponsored aggressive research into quantitative active
investment strategies, and began transformation of the firm’s strategic
direction away from purely passive investing. |
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1989 to 1990
Executive Vice President: Wells Fargo Investment Advisors
San Francisco CA |
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Responsibilities expand to include Investment Research. |
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1987 to 1989
Senior Vice President: Wells Fargo Investment Advisors
San Francisco CA |
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Manager of
Investments Group, responsible for Portfolio Management and Trading
(customer and proprietary). Successfully managed investment process
through the crash of 1987 and its aftermath. |
1984 to 1987
Jefferies & Company |
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Senior Vice
President, Director
Chicago IL |
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Conceived,
developed, and built strategic client constituency for the POSIT crossing
network. Founded Investment Technology Group (spun off from Jefferies in
1991 as an independent public company with current market value of over $1
billion; POSIT remains flagship product). |
1979 to 1984
Hedge fund management |
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Profitably
managed complex and highly leveraged partnerships for high net worth
individuals. Created integrated software for real-time valuation of
derivative securities and risk-management of positions. Market-maker on
floor of Chicago Board Options Exchange, New York Stock Exchange, and
Pacific Stock Exchange |
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1983 to 1984
General Partner: Luskin, Carlyle & Gray
Member, Chicago Board Options Exchange
Permitee, New York Stock Exchange
Chicago IL |
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1982 to 1983
President: HGF Corporation
Member, Chicago Board Options Exchange
Chicago IL |
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1979 to 1982
General Partner: X-3 Limited
Member, Pacific Stock Exchange
San Francisco CA |
1974 to 1979
Don Luskin & Associates |
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Creative Director
Los Angeles CA |
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Independent
studio offering specialized creative services for advertising including
graphic design, copywriting, multimedia, promotions and production
services. Clients included Warner Brothers, LucasFilm, Teledyne, and
Mattel. |
| Media |
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Television |
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CNBC: Kudlow & Company
Regular guest commentator
Taking Stock,
Power Lunch |
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Fox News: Your World |
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Bloomberg TV |
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CNN Money: Market Call
Week-long co-anchor for 2-hour morning show. |
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Print and
online |
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National Review Online
Contributing editor: economic commentaries and Krugman Truth Squad
column since March 2002. |
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MSN Money
"The Political Economist" for the Strategy Lab feature |
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SmartMoney.com
Contributing editor: Weekly Ahead of the Curve column since August 2001 |
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Commentaries
National Review, National Post, American Spectator, Harvard Business
Review, CapitalismMagazine.com |
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Op-eds
Wall Street Journal, San Jose Mercury News, Pensions &
Investments, The Detroit News |
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TheStandard.com
Daily commentaries syndicated from September
2000 to September 2001 |
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TheStreet.com
Daily Open Book column from June 2000 to June 2001 |
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Business 2.0
Monthly Investing column from March 2000 to May 2001 |
| Books
and Publications |
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Books
(author) |
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Index
Options and Futures: The Complete Guide,
New York: John Wiley & Sons, 1987. English and Japanese language editions |
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Books (editor) |
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Portfolio Insurance: A Guide to Dynamic Hedging,
New York: John Wiley & Sons, 1988. Contributors include Fischer Black,
Myron Scholes, Mark Rubinstein, Hayne Leland, John Cox, Stephen Ross and
20 others. |
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Books
(contributor) |
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"Investing Out Loud," in Adam Leitzes and
Joshua Solan (editors), Bulls, Bears, & Brains, New York: John
Wiley & Sons, 2002, 27-42 |
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“The Revolution
in Composite Assets,” in Frank J. Fabozzi (editor), Institutional
Investor Focus on Investment Management, Cambridge: Ballinger, 1989,
95-100 |
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“Equity
Indexing,” in Frank J. Fabozzi (editor), Portfolio and Investment
Management, Chicago: Probus, 1989, 177-182 |
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“Upstairs,
Downstairs: The Block Traders and the Specialists," in Wayne H. Wagner
(editor), The Complete Guide to Securities Transactions, New York:
John Wiley & Sons, 1989, 153-160 |
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“Mechanics of
Trading for Index Arbitrage,” in Frank J. Fabozzi and Gregory M. Kipnis
(editors), Handbook of Stock Index Futures and Options,
Homewood, Illinois: Dow Jones Irwin, 1989, 238-243 |
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“Block,
Programme and Off-Exchange Trading,” in Chris Stoakes and Andrew Freeman
(editors), Managing Global Portfolios, London: Euromoney
Publications, 1989, 135-142 |
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Policy
Analysis |
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“The
Levin-McCain Stock Option Tax Hike: An Option Americans Can’t Afford,”
Policy Brief for the National Taxpayers Union, April 16 2002 |
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Journal
articles |
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“The
Marketplace for Composite Assets,” in The Journal of Portfolio
Management 14:1, Spring 1987, 12-19 |
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“The
Marketplace for Composite Assets,” in The Japan Financial Analysts
Journal 27:10, October 1989, 53-59 |
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Proceedings |
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“If Derivatives
Are So Great, Why Don't More People Use Them?” in proceedings of
Derivative Strategies for Managing Portfolio Risk, April 13-14, 1993
(Marina Del Rey, California), Charlottesville: Association for Investment
Management and Research, 10-13 |
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Education |
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1973 to 1974
Yale University
New Haven CT |
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Completed
freshman year; dropped out to pursue career |
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Personal |
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Residence: Silicon Valley
Member: The Palo Alto Club
Benefactor: The Cato Institute |
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Metaphysics: objective reality
Epistemology: reason
Ethics: self-interest
Politics: libertarian capitalism |
