James B. G. Hearty

Former Chairman at Municipal Securities Rulemaking Board

James B. G. Hearty

James B. G. Hearty

Former Chairman at Municipal Securities Rulemaking Board

Overview
Career Highlights

Massachusetts Pension Reserves Investment Management Board
Municipal Securities Rulemaking Board

RelSci Relationships

918

Number of Boards

5

Relationships
RelSci Relationships are individuals James B. G. Hearty likely has professional access to. A relationship does not necessarily indicate a personal connection.

Deputy Executive Director & General Counsel at Massachusetts Pension Reserves Investment Management Board

Relationship likelihood: Strong

Chief Operating Officer at Massachusetts Pension Reserves Investment Management Board

Relationship likelihood: Strong

Senior Investment Officer-Director of Real Estate & Timberland at Massachusetts Pension Reserves Investment Management Board

Relationship likelihood: Strong

Chairman & Chief Executive Officer at The GSI Group LLC

Relationship likelihood: Strong

Co-Founder at VantagePoint Management, Inc.

Relationship likelihood: Strong

Partner, Credit at Private Advisors LLC

Relationship likelihood: Strong

Executive Director & Chief Investment Officer at Massachusetts Pension Reserves Investment Management Board

Relationship likelihood: Strong

President, Chief Executive Officer & Director at UGSI Solutions, Inc.

Relationship likelihood: Strong

Consultant at Google, Inc.

Relationship likelihood: Strong

Former Executive Vice President & President-Asia at Best Buy Co., Inc.

Relationship likelihood: Strong

Paths to James B. G. Hearty
Potential Connections via
Relationship Science
You
James B. G. Hearty
Former Chairman at Municipal Securities Rulemaking Board
Education

Williams College is a private liberal arts college located in Williamstown, Massachusetts, United States. It was established in 1793 with funds from the estate of Ephraim Williams. Originally a men's college, Williams became co-educational in 1970. It is located in Williamstown, MA, USA.

Advanced Management Program

Harvard Business School (HBS) is the graduate business school of Harvard University in Boston, Massachusetts, United States. The school offers a large full-time MBA program, doctoral programs, and many executive education programs. It owns Harvard Business School Publishing, which publishes business books, leadership articles, online management tools for corporate learning, case studies, and the monthly Harvard Business Review.

Career History
Managing Director
1992 - 2000

For active fixed-income, LBAM's decision-making process incorporates controlled duration decisions, sector decisions, and individual issue valuation decisions. They base interest rate and sector-related investment decisions on our economic growth forecast. The firm uses risk exposure analysis and risk budgeting models to quantify and manage risks associated with strategies that they design to add value relative to the benchmark index. Individual issue selections result from internal research generated by research specialists. They diversify holdings to reduce credit exposure to individual issuers. Eligible investments for core strategies include US dollar denominated investment-grade securities; for core plus strategies the universe of securities expands to include high yield.For passive bond indexing, LBAM seeks to take advantage of risk premiums as they are reflected in individual security prices. These premiums offer compensation for accepting credit and structure risks associated with individual issues. Explicit quantification and control of risks are at the heart of this investment process. The firm uses proprietary risk exposure analysis to analyze yield curve factors and spread-related factors. For each yield curve and spread factor, the portfolio is very closely matched to the index to ensure that the portfolio earns the same return as the index for any change in interest rates or change in sector spreads. Based on internally generated research, they integrate individual issue selections into the portfolio without disrupting the integrity of the portfolio structure. Holdings are diversified to reduce credit exposure to individual issuers. Eligible investments include securities included in the index, plus those that are their equivalents in terms of credit and structure risks.LBAM's high yield bond management decision-making process begins with a macro-economic framework for determining the appropriate portfolio structure according to defensive versus cyclical industries and appropriate quality orientation (between high BB to low B). Once they have established the overall structure, the firm determines specific industry weights and individual issuer selections. Their research analysts focus on identifying securities that exhibit improving credit fundamentals while avoiding those that experience deterioration in their credit quality. LBAM diversifies holdings to reduce credit exposure to individual issuers. Eligible investments include dollar denominated bonds rated below investment-grade including Rule 144A securities and the full range of structures such as pay-in-kind bonds, interest reset bonds and other instruments that are consistent with high yield investing.

Chairman
Prior

The mission of the Municipal Securities Rulemaking Board (MSRB) is to protect investors, state and local government issuers, other municipal entities and the public interest by promoting a fair and efficient municipal market through: The establishment of rules for dealers and municipal advisors, The collection and dissemination of market information, and Market leadership, outreach and education. Vision Through the MSRB’s leadership, the municipal market operates fairly, transparently, efficiently and with integrity; investors and municipal entities are protected; there is a high degree of confidence in the municipal market; and the municipal market is a standard for other securities markets to emulate. The MSRB is a leading expert in and an objective resource for information about the municipal market. About the MSRB The MSRB protects investors, state and local governments and other municipal entities, and the public interest by promoting a fair and efficient municipal securities market. The MSRB fulfills this mission by regulating the municipal securities firms, banks and municipal advisors that engage in municipal securities and advisory activities. To further protect market participants, the MSRB provides market transparency through its Electronic Municipal Market Access (EMMA®) website, the official repository for information on all municipal bonds. The MSRB also serves as an objective resource on the municipal market, conducts extensive education and outreach to market stakeholders, and provides market leadership on key issues. The MSRB is a Congressionally-chartered, self-regulatory organization governed by a 21-member board of directors that has a majority of public members, in addition to representatives of regulated entities. The MSRB is subject to oversight by the Securities and Exchange Commission.

Executive Director
Prior

The Pension Reserves Investment Management Board employs external investment managers and gives them discretion, consistent with specified objectives and guidelines, to manage the Pension Reserves Investment Trust's assets. At reasonable intervals of not more than 3 to 5 years, the Board undertakes a comprehensive review of their asset allocation plan and its underlying assumptions, including Massachusetts' current and projected pension assets and liabilities, long-term capital markets rate of return assumptions and the Board's risk tolerances. The review identifies a reasonable time horizon and investment strategy for matching assets and liabilities, a fund level total return target and an optimal allocation among available asset classes and sub-asset classes. The Board examines the asset allocation plan annually, and considers adjustments to the plan as may be appropriate.

Boards & Committees
Member of the Board of Advisors
Current

VantagePoint Management focuses on investments in the clean technology, information technology and healthcare sectors. Within the clean technology sector, the firm invests mainly in the solar, transportation, energy storage and power management, smart grid, biofuels and water sectors. Within information technology, they tend to invest in the financial technology, Internet/digital media, enterprise solutions and mobile/wireless sectors. VantagePoint healthcare investment include including biotechnology, medical devices and healthcare commerce. In addition, the firm invests in Asia in the clean technology, consumer, healthcare and TMT (technology, media and telecommunications) sectors. Vantage Point invests across a variety of phases of development from start-up through scale-up.

Board Member
Prior

Charlesbank Capital Partners makes investments in middle market companies with enterprise value of $150 million - $1 billion. The firm invests in a broad range of industries including communications, education, financial services, industrial, consumer, energy and healthcare. They look for companies with high cash flow conversion, strong prospects for profit growth, durable competitive advantages, proven operating management and under-appreciated sources of value. The firm acquires control & minority stakes and provides financing for buyouts, recapitalizations and growth capital requirements.Charlesbank Capital participates in the leveraged acquisitions of orphaned corporate divisions or small-cap public companies that lack strong institutional investor following. In addition, they invest in small-cap and mid-cap public companies that are seeking negotiated placements of preferred equity.

Chairman
Prior

The mission of the Municipal Securities Rulemaking Board (MSRB) is to protect investors, state and local government issuers, other municipal entities and the public interest by promoting a fair and efficient municipal market through: The establishment of rules for dealers and municipal advisors, The collection and dissemination of market information, and Market leadership, outreach and education. Vision Through the MSRB’s leadership, the municipal market operates fairly, transparently, efficiently and with integrity; investors and municipal entities are protected; there is a high degree of confidence in the municipal market; and the municipal market is a standard for other securities markets to emulate. The MSRB is a leading expert in and an objective resource for information about the municipal market. About the MSRB The MSRB protects investors, state and local governments and other municipal entities, and the public interest by promoting a fair and efficient municipal securities market. The MSRB fulfills this mission by regulating the municipal securities firms, banks and municipal advisors that engage in municipal securities and advisory activities. To further protect market participants, the MSRB provides market transparency through its Electronic Municipal Market Access (EMMA®) website, the official repository for information on all municipal bonds. The MSRB also serves as an objective resource on the municipal market, conducts extensive education and outreach to market stakeholders, and provides market leadership on key issues. The MSRB is a Congressionally-chartered, self-regulatory organization governed by a 21-member board of directors that has a majority of public members, in addition to representatives of regulated entities. The MSRB is subject to oversight by the Securities and Exchange Commission.

Board Member
Prior

The Bond Market Association (former name: Public Securities Association) was the international trade association for the bond market industry. It had headquarters in New York City, and offices in London and Washington D.C. Twenty per cent of the membership was located outside of the US, while 70 per cent was located outside New York City. The BMA acted as a global voice for bond issuers and traders, and co-ordinated with governments, corporations, and investors. It also had a code of ethics, which required members to behave in a fashion of fairness.

Political Donations
$1,000
2005

The Republican National Committee (RNC) is a U.S. political committee that provides national leadership for the Republican Party of the United States. It is responsible for developing and promoting the Republican political platform, as well as coordinating fundraising and election strategy. It is also responsible for organizing and running the Republican National Convention. Similar committees exist in every U.S. state and most U.S. counties, although in some states party organization is structured by congressional district, allied campaign organizations being governed by a national committee. Reince Priebus is the current RNC Chairman.

$500
2005

Former Senator from Missouri

This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by James B. G. Hearty. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of James B. G. Hearty's profile does not indicate a business or promotional relationship of any kind between RelSci and James B. G. Hearty.