Jared Stout Email & Phone Number

Austin, Texas, United States

Risk & Portfolio Management

Austin, Texas Metropolitan Area

Enhanced the Fund's capital market assumptions by validating the general investment consultant’s model for risk parity, comparing our risk estimates to the general investment consultant’s, analyzing lagged time series and periodicity's impact on correlations, creating a correlation matrix process, using a mean variance optimization and a monte carlo simulation for both the PSF and Liquid Accounts. Conducted asset class research on variations of the HFRI benchmarks, HFRI returns compared to other asset classes, the impact of MNPI on HFRI returns, MSCI Standard vs. MSCI IMI, comparing the Absolute Return Portfolios, universe screening for the high yield asset class, performance analysis for emerging manager program for private equity and real estate manager selection, performance and fee analysis on high yield manager selection, and pricing feeds in IBOR for internal commodities and fixed income asset classes. Implemented new composites, new hierarchy for GoF active attribution, implementation of a NoF active attribution and aligning the performance methodologies of the IBOR to our ABOR. Supported the operations of the Fund by being a grading panels on the Investment Analyst III panel, onboarding a new employee virtually, responsible for the development of a new direct report, created new employee presentation, a grading panelist for the Data Warehouse SOW and Tax Consultant RFQ, meeting with the internal and external auditors, analyzing the Performance Incentive Payment Plan, supported opening liquid accounts for all portfolios and new accounts for the Fund, delivered a Center of Excellence presentation internally, Cutter Associates panelist on External Manager Management, and panelist to an internship target school on Authentic Leadership. Finally, on the Employee Engagement (Change Management) Committee, PSF Transition Committee (Texas Permanent School Fund Corporation), Absolute Return (Hedge Fund) Investment Committee.

Austin, Texas Area

Built a structure to compare our Composite Fund returns to self-defined peers over calendar and rolling periods. Utilized external technology to build a structure that compared the Composite Fund returns to the opportunity of either a global 60/40 or US 60/40 benchmark, including risk and return characteristics. Built an internal structure to compare the ex-ante capital market projections to a time-series of ex-post returns from our general investment consultant. Built a structure using API to create a dashboard of expected returns of public equity markets around the world by region. Validated expected return methodology of capital market projections using regression analysis and enhanced our capital market projections by forecasting relative returns of the size factor premium.Configured the process and dashboard for an external technology system for post transaction cost analysis which provided more accurate and timely information as well as could save roughly $25,000 annually. Took over negotiations for a technology platform that resulted in enhanced value based on cost-benefit analysis. Negotiated with investment managers which resulted in roughly $1M annually in investment management fee savings. Developed human capital internally as a panel member on the hiring committee for a system analyst and business analyst, as well as a panel member for developing a new internship program to create a pipeline of potential future staff. Developed a presentation for the Commissioner of Education. Delivered presentations for our internal Center of Excellence program, to the Chair of the State Board of Education (SBOE), to the Deputy Commissioner of Finance as well as to the Committee on School Finance/Permanent School Fund that was live-streamed (Item 9 of link). Performed analysis and provided recommended changes for the Performance Incentive Payment Plan.

Austin, Tx

Modeled and executed trades for two domestic public equity index replication portfolios valued at $8B including sector rotation, voluntary corporate actions, risk management, performance attribution, and proxy voting. Assisted in selection and oversight of $7B of externally managed international public equity index replication and quantitative portfolios which resulted in a cumulative excess value of $133M of the $34B endowment since joining.Analyzed equitization security selection, capital market projections for global equity market regions, size factor premium, active vs. passive management in emerging markets, and domestic equity manager universe selection.Presented asset class reviews, wrote procedures, participated as a panel member for service providers including custodian, order management system, risk software, futures commission merchant and real estate consultant. Implemented order management system, risk software and futures commission merchant that reduced risk and increased efficiency.Participated in cross functional business objectives including business process review for corporate actions and futures processing, hiring office administration, operations and accounting staff, as well as data and document management initiatives that increased both the speed and accuracy of retrievable data.

Performed research and analysis to approve and maintain eligible investment options from external investment managers and platforms, covering all investment strategies and asset classes that mitigated regulatory and legal risk and provided optimal risk and return portfolios for individual clients.Prepared investment recommendations for the Investment Committee members and financial advisors through written reports and oral communication including testimony at FINRA, SEC inquiries and internal/external audits resulting in non-qualified opinions, no fines, and no findings.Partnered with internal legal and compliance staff in defining agreed-upon procedures for due diligence requirements, reporting and documentation including external legal counsel and external due diligence counsel.

Consulted 1,500 financial advisors across the US on financial planning and investment solutions for individual client investment objectives and constraints that enabled the clients to achieve their lifelong financial goals.Created impactful solutions for advisors to gain or retain client relationships as well as strategies for NFP to grow their advisor base and asset under management beyond $10B which increased gross revenue through measurable success making NFP a top ten independent broker/dealer and registered investment advisor.Increased net operating income from business development activities through proactive relationship management with selected business partners resulting in higher profitability that was not contingent on organic growth.

Master Of Business Administration (M.B.A.)

Bachelor Of Business Administration, Finance

Activities and Societies: McCoy Student Managed Investment FundCum Laude Honors