Institutional Expertise for the Sophisticated Investor
How does one preserve capital when real interest rates are negative and holding cash is one of the surest ways to lose purchasing power? Where can one find yield when “risk-free” assets at near-zero interest rates have become one of the riskiest investments within their portfolio? Everyone is searching for yield but cannot seem to find it without looking to the ever-volatile equity markets.
There are several ways to generate yield with less risk than before
the financial crisis. It just takes the right team, with the right access, and the right expertise. This capability became the genesis of Garrison Point Capital.
Our team has over 30 years of experience advising some of the world’s largest institutional clients on fixed income securities. After the financial crisis in 2008, we redirected our expertise from large institutions to high net worth families. While supervising these families’ assets, we took very little interest rate risk and instead generated attractive returns by finding what we call “asymmetrical yield”…
The financial crisis of 2008 created several technical dislocations within the fixed income markets. In classic bond manager form, most investors priced these bonds according to the downside risk of the bond. What we found to be overlooked was the upside potential – particularly in many of the asset-backed asset classes. At GPC, we strive to preserve capital and limit risk through diversification, pricing, and diligent credit analysis, while selecting opportunities where the upside potential has been ignored.
This strategy has not only preserved capital for our clients, but it has generated risk-adjusted yields that surpassed most traditional fixed income strategies.
San Francisco Sentry is the ideal partner for Garrison Point Capital, providing the full infrastructure in operations, trade settlement, compliance and technology. This allows the GPC investment team to focus 100% of our time on our clients, whose interests are at the forefront of our priorities. SF Sentry is also the designated broker/ dealer for GPC and is affiliated with some of San Francisco’s leading families.
For more information on SF Sentry, please visit www.sfsentry.com
Tom S. Miner
Tom S. Miner, Principal, brings a wealth of experience to the Garrison Point Capital team. With almost 30 years of investing experience – advising both high net worth and institutional clients – Tom’s fixed income expertise has proven invaluable in today’s challenging environment. He started his career in 1988 with Lehman Brothers in New York where he focused on structuring fixed income products with large institutional clients. In 1992, while still at Lehman Brothers, he moved to San Francisco to focus on building Lehman’s West Coast securitized products business. After 20 years of service, Tom retired from Lehman Brothers to focus on his role as CEO of his successful venture, Xootr LLC, a manufacturer of folding bikes and performance scooters. Tom has also invested in and advised over 30 startup companies over his career. In early 2009, Tom rejoined one of his ex-Lehman colleagues and future GPC partner at Barclays, where they built one of the largest high net worth businesses at Barclays – supervising ~$1.9 bln in fixed income assets for clients and advisors in the US, Europe, and the Middle East. Tom holds an MBA from the University of Utah where he is also an Adjunct Professor of Finance teaching Fixed Income Analysis and Venture Capital. firstname.lastname@example.org
Garrett J. Smith
Garrett J. Smith, Principal, has a track record of success across several diverse endeavors. Garrett started his professional career as a Naval Flight Officer in the U.S. Navy where he logged over 400 carrier landings (over 200 at night) onboard the USS Kitty Hawk in an S-3 Viking. Following his tour on the Kitty Hawk, he became the Operations Officer – and ultimately the number two Naval Officer – on a base of 16,000 sailors and airmen in Northern Japan. Following his Naval service, Garrett joined Lehman Brothers as a Securitized Products trader in New York where he traded Agency and Non-Agency Mortgage Backed Securities. Garrett moved to San Francisco and joined Barclays in late 2008 to focus on finding value within fixed income assets for high net worth individuals. A couple months later, he teamed up with his future Garrison Point Capital partner Tom Miner and together built one of the largest high net worth businesses at Barclays – supervising ~$1.9Bln fixed income assets for clients and advisors in the US, Europe, and the Middle East. Garrett received his MBA (Analytical Finance) and MEM degrees from Northwestern University and BS degrees from the United States Naval Academy (Systems Engineering) and University of Maryland (Business). While at the Naval Academy, Garrett was captain of the varsity football team and still enjoys a close relationship with the team and staff. email@example.com
Brian H. Loo
Brian H. Loo, CIO, adds almost 20 years of institutional fund management experience to the team. He joins Garrison Point from TCW where he was a Portfolio Manager in the Structured Products group, which oversees $50bln of assets. Brian began his career in the mortgage backed securities department of TCW in 1994, where he was responsible for developing many of the firm’s CMO analytical and risk measurement tools. In 1996, he left TCW to become one of the founding members of Metropolitan West Asset Management, a Los Angeles core fixed income money manager. There, Brian traded a wide range of fixed income securities including residential mortgage backed securities, asset backed securities, and structured products. He also helped manage the firm’s CDO business and opportunistic TALF strategy as the firm grew to $30bln AUM. In 2009, Metropolitan West was acquired by TCW where Brian managed non-mortgage structured products portfolios, including collateralized loan obligations and esoteric asset backed securities. He holds a BS in Math/Applied Science with a specialization in Computing from UCLA, an MSIA from the Carnegie Mellon’s Tepper School of Business, and is a CFA charterholder. firstname.lastname@example.org
Jonathan Q. Tran
Jonathan Q. Tran, Sr. Vice President, enhances the Garrison Point Capital team with his experience and skills from both the buy-side and sell-side. Jonathan began his professional career in 2007 as an investment banking analyst at Citigroup’s Equity Capital Markets franchise in New York City. Through the beginning and the depths of the financial crisis, he specialized in the origination & structuring of initial public offerings, convertible securities, and follow-ons for both corporate entities and financial sponsors. In the Summer of 2010, he joined Barclays Wealth as an Assistant Vice President, where he helped Tom and Garrett build out their successful fixed income business which became one of the most valued business practices at Barclays. While there, Jonathan also helped service high net worth clients around issues including asset allocation, portfolio implementation, margin lending and portfolio performance reporting. Jonathan received a B.S. in Finance from The University of Virginia’s McIntire School of Business. email@example.com
Julie T. Meissner
Julie T. Meissner, CCO, brings her experience with compliance and operations to Garrison Point Capital. She received her B.S. in Finance from Golden Gate University in 1998. In 1995 Julie co-founded a juice and smoothie business which developed into a franchise chain. Prior to joining San Francisco Sentry in May 2000, her career in the securities industry began in 1999 as an options analyst for The Pacific Options Exchange. At San Francisco Sentry, Julie serves as the COO and CCO. San Francisco Sentry is comprised of a Broker-Dealer and several SEC registered Investment Advisors whose services range from UHNW and HNW client wealth management to hedge funds. Julie is responsible for managing and overseeing all firm operations and compliance. Julie received her CRCP designation through The FINRA Institute at Wharton. firstname.lastname@example.org
Andy Li, CFO, adds to the Garrison Point Team with his expertise in accounting, fund administration, and taxation. Andy received his B.S. in Economics from the University of California Davis in 2007. In 2008 he joined Citco Fund Services where he was responsible for the accounting, operations, and taxes for many large hedge funds. While there, Andy dealt with accounting and tax issues related to various complex financial instruments, onshore and offshore entities, and elaborate fund structures. Andy is a native San Franciscan and has passed his CPA exam. He began working with Garrison Point in 2012. email@example.com
Joined GPC in September 2015. Nick received his B.A. in Business administration with a concentration in Finance from Dominican University of California, where he also played on the men’s Varsity basketball team. Nick began his career in finance in the fall of 2010. He joins Garrison Point from Oppenheimer & Co. where he worked in the sales and trading department on the Institutional fixed income desk. At Oppenheimer & Co. he worked with money managers, corporate institutions, and west coast financial institutions on capital allocation, funding/ hedging needs and portfolio analytics and strategy, across various fixed income products. firstname.lastname@example.org