Michael Ashton, Cfa Email and Phone Number

Manage an investment and consulting boutique focused solely on inflation-linked markets. We advise private investment funds, subadvise and help development of mutual funds and ETFs for other asset managers, and offer bespoke investment strategies such as global TIPS, targeted inflation (Quebec Retiree Inflation, e.g.) or synthetic inflation options.

Enduring Intellectual Properties, Inc. (EIPI) is a wholly-owned subsidiary of Enduring Investments. Whereas Enduring Investments manages assets as a CPO, CTA, and registered investment adviser, EIPI licenses strategies to ETF, mutual fund, and structured product providers as well as to end users who prefer to handle execution in-house.

As part of Enduring Intellectual Properties' investment in Real Asset Strategies, I serve as Director of Research for the firm.

Created and managed the US inflation derivatives book as well as structured note issuance. Developed new business for inflation swaps and inflation options and spearheaded innovation in inflation-linked products by offering structures not seen at other firms and working with other parts of the firm, for example real estate lending, to show how inflation hedges could improve the firm’s and customers’ outcomes. Introduced Nobel Laureate Robert Shiller to the firm and with him co-developed a… Show more Created and managed the US inflation derivatives book as well as structured note issuance. Developed new business for inflation swaps and inflation options and spearheaded innovation in inflation-linked products by offering structures not seen at other firms and working with other parts of the firm, for example real estate lending, to show how inflation hedges could improve the firm’s and customers’ outcomes. Introduced Nobel Laureate Robert Shiller to the firm and with him co-developed a tradeable security based on medical care inflation. Show less

Managed the short-dated US Dollar interest rate options book (including options on Treasury, Agency, and LIBOR underlyings), then created and managed the US CPI book. Was the first person to deal US CPI swaps in the interbank market, and was approximately 1/3 of all interbank flow. Also created the CPI Futures contract structure, convinced the CME to list them, and served as sole market-maker.