Ron Santangelo, CFA
President/Chief Investment Officer
Mr. Santangelo served as Manager of Closed-end Fund Research at Prudential Securities, Manager of Managed Products Research at Merrill Lynch (ML), and most recently as President of Santangelo Research & Investment Management, LLC He has covered closed-end, open-end, offshore, and hedge funds. In addition, he was responsible for ML’s Separately Managed Account Group and its Fund of Funds program.
In the early 1990’s Mr. Santangelo led an effort in the managed research industry to automate the delivery of investment info. The availability of the raw data provided his team the opportunity to develop advanced quantitative methods that included enhanced returns based style analysis with the industry’s first sub-style classifications. Able to properly evaluate return distributions, his team noted the limitations of standard deviation as a risk measure and focused on semi-variance and eventually downside risk (DSR), percentage of returns below zero. His team led a campaign in the late 1990’s to acquire full portfolios from asset managers in a more frequent time frame. This provided his team the opportunity to be one of the first manager due diligence groups to start conducting holdings-based attribution analysis. The info was the basis for the teams intensive 8-10 page fund reports that focused on the 6 P’s (philosophy, people, product, process, portfolio and performance) as an early industry standard.
While at Prudential Securities, Mr. Santangelo coined the phrase “Core 4 and More” to help financial advisors understand the merits of building well diversified portfolios. In the late 1990’s, Mr. Santangelo developed and taught a course at Merrill Lynch’s training center on Modern Portfolio Theory. With the development of the fund attribution system his team was able to assist FA’s in evaluating their client portfolios across investment vehicles.
Mr. Santangelo also participated with ML’s strategists in the development of the SPDR® sector ETF’s . His experience with SPDR® sectors and belief in controlling downside risk led to the development of new strategies focused on what is now known as “Post-Modern Portfolio Theory”. His quantitative downside risk protection model generated signals that were used as part of a strategy that had over $3.0 billion in assets.
Matthew currently attends the University of Central Florida, studying Finance. He is also a part-time junior analyst with Quantitative investment Decisions, LLC. Matt participates in the testing of potential quantitative models in the buy/sell decision. In addition, he evaluates various investments identified by the senior investment team to determine if they meet the various investment requirements. He also provides a ranking of ETFs per sector for investment implementation of investment strategies. Matt is also responsible for producing GIPS approved performance history.
Thomas currently attends the University of Central Florida, studying Finance. He is also a part-time junior analyst with Quantitative investment Decisions, LLC. Thomas designed and produces the firm’s factsheet format. On a quarterly basis he updates the performance reports and provides portfolio info to the various reporting databases. He runs the performance reports and attribution reports through Morningstar to calculate portfolio analytics.