I write a blog on politics and the stock market, wallstreetandkstreet.com. I spent over 25 years on Wall Street as a senior equity strategist at PaineWebber and UBS. My reports on thematic investing covered such diverse topics as disinflation, income inequality, benign deflation, the virtues of dividend growth stocks and the threat to job growth posed by healthcare reform. One report was cited in the Republican presidential debates and posted on Senator Tom Coburn's website. For over 20 my monthly forecasts of S&P 500 profits were widely followed globally. During the three years I chaired the committee managing the UBS U.S. Key Call List, it significantly outperformed the S&P 500. Before going to Wall Street I was trained as a professional historian at Princeton (BA) and Harvard (PhD). My first book, A Vigorous Spirit of Enterprise: Merchants and Economic Development in Revolutionary Philadelphia, won the 1987 Bancroft Prize. My second book (co-authored with Jack L. Rivkin), Risk and Reward: Venture Capital and the Making of America’s Great Industries, shows how entrepreneurs in six new industries, ranging from the railroads to biotech, interacted with Wall Street as they were getting off the ground. I have also published seven scholarly articles on various aspects of early American capitalism.
Altegris, provider of premier alternative investments, has named Jack L. Rivkin Chief Investment Officer. Mr. Rivkin will oversee the firm’s Research and Investments Group and will be a member of the Altegris Investment Committee. He will also have overall responsibility for identifying, selecting and monitoring fund managers across multiple investment disciplines and will oversee asset allocation and research for Altegris’s products. He will be a key representative of Altegris in the investment community.
A respected thought leader, Mr. Rivkin, has held senior roles in the investment industry with Neuberger Berman, Citigroup Investments, and PaineWebber, among others. His managerial achievements have been featured in one of Harvard Business School’s most popular case studies, “Lehman Brothers: Rise of the Equity Research Department,” 2006.
“Under Jack’s leadership our world-class team will continue to be at the leading edge of finding and managing what we believe are the best alternative investment solutions and delivering them to wealth managers and their clients,” said Altegris President and CEO Jon Sundt. “His depth of expertise in the investment industry, his specific knowledge of the asset classes important to us and his insightful, analytical approach to research will undoubtedly be tremendous assets to our firm and our clients.”
Mr. Rivkin began his investment career as an analyst at Mitchell Hutchins, where he later became Director of Research. He subsequently held several executive positions with Paine Webber, the acquiror of Mitchell Hutchins, including CFO of Paine Webber, CEO of Paine Webber Mitchell Hutchins (Paine Webber’s equity trading and investment arm), Chairman of Mitchell Hutchins Asset Management and President of Paine Webber Capital.
He later served as Director of Global Research and head of the Worldwide Equities Division of Lehman Brothers Inc. Following his time at Lehman Brothers, he was a Vice Chairman and Director of Global Research at Smith Barney (ultimately a subsidiary of Citigroup), and an Executive Vice President with Citigroup Investments making direct investments and leading an investment team. He was Chief Investment Officer and Head of Private Asset Management at Neuberger Berman and subsequently continued as a Trustee of the Neuberger mutual fund complex. Most recently, he was an Executive Adviser with Aquiline Capital Partners.
In addition to his direct experiences in the investment industry, Mr. Rivkin was an adjunct professor at Columbia University, where he taught security analysis. He is also the co-author of Risk & Reward—Venture Capital and the Making of America’s Great Industries. He has served as a director of the New York Society of Security Analysts, the World Policy Institute, LEDA, multiple private companies and, currently, Idealab and Dale Carnegie. He earned his Professional Engineering degree from the Colorado School of Mines and his MBA from the Harvard Graduate School of Business Administration.
“Evaluating and managing investments and investment managers has been a focus of my career for many years. I’m eager to put my knowledge and experience to work for Altegris,” said Mr. Rivkin. “I got to know the Altegris team intimately during the due diligence process leading to the company’s recent transaction. Altegris’s specialized approach to alternative investments, commitment to thorough research and analysis, and dedication to educating investors resonated deeply with me. I look forward to being a part of the team and helping the firm achieve continued success at the forefront of providing investment solutions.”