"We believe this new era of capitalism is being ushered in by companies that are proving compromises do not have to be made between creating wealth for shareholders and tending to the interdependent needs of multiple stakeholders
(i.e., employees, suppliers, customers, and communities)."
Peter Derby is a founding partner of Concinnity Advisors, LP, the sub-advisor with investment discretion for the Capital Stewardship Strategy, which was formed in 2011. From 2008 to 2011, Mr. Derby was a portfolio manager at Diamondback Advisors NY, LLC. From 2007 to 2008, he was a founding member of The Concinnity Group, LLC. During William H. Donaldson’s tenure as Chairman of the SEC, from 2003 to 2005, Mr. Derby served as the SEC’s Managing Executive for Operations and Management. In 1989, he participated in the founding of DialogBank, the first private Russian bank to receive an international banking license. At DialogBank, Mr. Derby served as Chairman of the Board from 1997 to 1998, as President and CEO from 1991 to 1997 and as CFO from 1990 to 1991.
Mr. Derby also founded the first Russian investment firm in 1991, Troika Dialog, where he served as Chairman of the Board from 1996 to 1997 and as President and CEO from 1991 to 1996. Prior to his tenure in Russia, he was a Corporate Finance Officer at National Westminster Bank USA from 1985 to 1990 and an Auditor at Chase Manhattan Bank from 1983 to 1985. Mr. Derby earned a B.S. in accounting, finance and international finance from New York University in 1983
"We believe companies operating with this more holistic view will paradoxically deliver more long-term value for shareholders than those operating with an overemphasis on shareholder value to the neglect of other stakeholders."
Rick Frazier is a founding partner of Concinnity Advisors, LP. Prior to founding Concinnity Advisors he was a senior research analyst at Diamondback Advisors CT, LLC. He was also a founding member of The Concinnity Group, LLC where the Concinnity Advisors research process was formulated and then merged into Diamondback Advisors. From 1991 to 2006 Rick worked as a management consultant in the areas of total quality management, stakeholder management and customer-focused strategic planning. In 1996 he co-authored the book, Winning the Race for Value. Prior to his consulting career, Rick founded Collegiate Research Services, Inc. which was acquired by the R.R. Donnelley Company in 1990. He earned a bachelors degree from The Catholic University of America.
Alex Romeo, CFA
Head of Quantitative Research
"We believe companies that act in the long term best interest of all their stakeholders will outperform companies that are driven only by the short term benefit of their shareholders."
Alex Romeo is head of Quantitative Research at Concinnity Advisors. He specializes in financial modeling, portfolio construction, risk control, and performance attribution. Mr. Romeo was an engineer for the first 12 years of his career, specializing in digital signal processing. He switched fields to finance in 1998, where he worked for the next 7 years at Citigroup as a Quantitative Analyst and Portfolio Manager. He then moved to Batterymarch Financial Management (part of Legg Mason) in 2005. He joined Concinnity Advisors, LP in 2013. Mr. Romeo received a B.S. in Electrical Engineering from Massachusetts Institute of Technology (MIT) in 1986, an M.S.E.E. from the University of Texas at Arlington (UTA) in 1990, and an M.B.A from Rensselaer Polytechnic Institute (RPI) in 1997. He was awarded his CFA in 2002.