Jonathan D. Callahan
57 Island Ave. Madison, CT 06443 phone 617.596.1325
callahan.jonathan@gmail.com • www.cheapstockhunter.typepad.com
Core Competencies
Fundamentally-driven, value-oriented Portfolio Manager & Investment Analyst with proven stock selection ability as well as the ability to lead teams, solve complex problems, and drive improvements to the investment process
• Initiative, Innovation, and Solution Oriented: Proven ability to leverage technology and develop innovative solutions which enhance the investment process and improve performance results
• Process Oriented, Systems Thinking Approach: Thoughtful analytical approach that balances traditional economic and investment paradigms with more dynamic methods that adapt to systemic changes in financial markets
• Knowledge: Comprehensive knowledge of multiple asset classes, sectors, and industries and the ability to identify the leading indicators and variables that drive outperformance within each
• Communication: Client relationship development expertise that complements the ability to aggressively grow assets and support revenue growth.
Professional Experience
CRESTWOOD ADVISORS, LLC, Boston, MA 2004 to 2009
Director, Portfolio Manager, Senior Investment Analyst
Was the primary architect of the firms "core-equity" investment strategy and process, a large-cap value strategy that emphasizes valuation, economic return, earnings quality, and balance sheet strength. Responsibility for all screening, due diligence, valuation/modeling, as well as the review and maintenance research, on over 90% of the investments in the growth (equity/alternative) portfolio. In addition to management of equity portfolio, I played instrumental role in the asset allocation process, and was accountable for determining firm-wide quarterly strategic and tactical targets. Participated frequently in client review meetings, marketing presentations, daily conference calls and client inquiries, and wrote quarterly newsletter articles that articulated our investment philosophy and strategy updates to our client base
• Results: Investment decisions drove significant outperformance; equity composite outperformed benchmark in each of the 5 years under management; annualized outperformance of over 400bps over S&P 500. Firm maintained 100% client retention and 400% AUM growth during tenure
• Process/Infrastructure: Created a library of screening templates, valuation workbooks, and other tools that increased accuracy, efficiency, and quality of investment research. For example, built a proprietary "earnings quality" database and scoring algorithm used as a supplement to our traditional fundamental screening
• Communication: Launched internal wiki site, called centraldesktop.com used to communicate news, research, and updates throughout firm as well as a venue to encourage collaboration and idea generation
• Risk Control: Recommended and implemented software tools such as Zephyr Allocation Advisor that helped reduce risk within portfolios
EVERGREEN INVESTMENTS (formerly J.L. KAPLAN ASSOC.) 2001 to 2004
Industrial & Consumer Analyst (Small & Mid-Cap Value)
Primarily responsible for coverage of consumer discretionary sector holdings in the small & mid cap universe. Performed all screening, due diligence, recommendations, and maintenance research . Maintained earnings, cash flow, and valuation models on each holding and regularly reported to the investment committee. Extensive participation in meetings with corporate management teams. Some stocks under coverage included: Harley Davidson, Callaway Golf, Fortune Brands, Jack-In-The-Box, Prime Hospitality, Harrah's Casino's, Brunswick, TJ Maxx, Ross Stores, Ocular Sciences, Apogee, American Woodmark.
• 12 stock recommendations purchased broadly in client accounts. These holdings represented a substantial percentage of firm assets ($6B) and were significant contributors to our performance which consistently fell in the top quartiles of institutional equity managers
• Recommendations outperformed Russell 2000 by about 25% cumulatively, and 4 of the 12 purchases were acquisition targets
EVERGREEN INVESTMENTS (formerly J.L. KAPLAN ASSOC.) 1999 to 2001
Performance Analyst
Responsible for all performance calculations, attribution analysis, as well as the maintenance of all composites in accordance with AIMR policies Served as the primary liaison to the institutional consultant community & managed all aspects of RFP process. Creation of all new business marketing presentations as well as all client review presentations
• Served as the firms primary representative in both Level II AIMR Audit and SEC Audit
• Successfully led the integration process between Kaplan and Evergreen as all performance and marketing functions were consolidated within the parent company, reported to most senior level executives at firm
• Was responsible for educating, training and overseeing the client service team that serviced the Kaplan accounts
Education
Bachelor of Arts, Management, Minor: Environmental Economics 1997
Hartwick College, Oneonta, NY
Professional Affiliations
• Chartered Financial Analyst, CFA Institute, 2004
• Member, Boston Security Analysts Society, 2004
Technology
Baseline, Factset, Zephyr Allocation-Advisor, Zephyr Style-Advisor, Bloomberg, Advent Axys, Advent Moxy, HTML, CSS
