Smith Breeden
From Wikipedia, the free encyclopedia
Smith Breeden Associates is a United States asset management company focused on the fixed income markets. Initially, Smith Breeden's research and portfolio management activities focused on the U.S. mortgage market and agency mortgage-backed securities in particular.
The firm has since applied its quantitative research and trading skills to other sectors of the fixed-income market such as corporate bonds, commercial MBS, and asset-backed securities. As of September 30, 2006, Smith Breeden's assets under management totaled $29 billion.
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[edit] History
- 1982 - Gregory L. Smith and Douglas T. Breeden, Ph.D., found Smith Breeden as interest rate risk advisory firm for financial institutions.
- 1983 - Smith Breeden develops proprietary option-adjusted pricing techniques.
- 1984 - Advisory assets exceed one billion dollars.
- 1990 - Smith Breeden expands product offerings to include discretionary money-management and lands first discretionary tax-exempt separate account.
- 1992 - Discretionary assets exceed one billion dollars. Launches innovative enhanced S&P 500 Index strategy and absolute return strategy.
- 1994 - For the third year in a row, Smith Breeden is named one of Pensions and Investments magazine's fastest growing money managers.
- 2000 - Eugene Flood, Ph.D., becomes President and C.E.O. after serving as an Outside Director of the Board for the previous six years.
- 2004 - Firm launches high alpha strategies designed for institutional clients with more aggressive risk and return objectives.
- 2005 - Discretionary assets exceed twenty billion dollars.
- 2006 - As of September 30, 2006, Smith Breeden's assets under management totaled $29 billion.
- 2007 - As of January 31, 2007, Smith Breeden's assets under management totaled $31.5 billion.
[edit] Commitment to Excellence
From its beginning, Smith Breeden was dedicated to the analysis and management of fixed-income interest rate risk, with significant research effort directed at better understanding prepayment options in mortgage securities. Today, Smith Breeden's entire professional staff is involved in the analysis and management of fixed-income security and enhanced equity portfolios. Most Smith Breeden professionals have advanced degrees from the nation's leading business schools, and the senior staff members have extensive fixed-income investment experience. Smith Breeden remains deeply committed to investing significant resources in the research of the fixed-income markets.
[edit] Values
At Smith Breeden, the strength of our investment philosophy and the depth of our commitment are reflected in client relationships that endure. As an independent firm, we focus on our clients' goals, targeting best-in-practice solutions. The results we achieve derive from our blend of research depth and market experience. In our client relationships, we strive to earn the position of trusted resource.
