Business Management
William B. Moody, CFAFounder, Managing Partner
Bill is co-Managing Partner of Moody Aldrich Partners (MAP) and is responsible for profitably growing the business through development of affiliates. Bill and Eli Kent lead the firm’s overall business strategy and oversee its centralized business management activities. In 1988, Bill co-founded Moody Aldrich & Sullivan which became MAP in 2003. He has been a portfolio manager and business leader throughout his career. Previously, he was co-founder, President and Chief Investment Officer at Dewey Square Investors, a multi-billion dollar diverse strategy firm that was sold to United Asset Management. Formerly, he was Senior Vice President and Head of Institutional Investment Management at Bank Boston for fourteen years. Bill is a Chartered Financial Analyst and earned a B.S. in Economics from Syracuse University.
Eli S. KentManaging Partner
Eli is co-Managing Partner of Moody Aldrich Partners (MAP) and is responsible for profitably growing the business through development of affiliates. Eli and Bill Moody lead the firm’s overall business strategy and oversee its centralized business management activities. Eli joined MAP in 2002 as Director of Marketing and Client Service and became a partner in 2007. He co-founded Harvest Funds Management in 2010 and became co-managing partner of MAP in 2012. Prior to joining MAP, Eli earned an MBA, Magna Cum Laude, from the F.W. Olin Graduate School of Business at Babson College with a concentration in Entrepreneurship and Finance. Previously, he worked at MFS Investment Management in institutional sales and at Fidelity Investments in institutional client management. He attended The Wharton School for Executive Education at the University of Pennsylvania and received the Certified Investment Management Analyst designation and earned a BA in Government and History from St. Lawrence University.
Joseph StowellChief Compliance Officer
Joe has over 25 years of compliance experience working in the investment management industry. As an outsourced Chief Compliance Officer and the Managing Member of Ally Compliance Partners, Joe serves as the designated CCO for a limited number of SEC registered investment advisers. Joe has served in this role since June 2018. Previously, Joe served as Global Chief Compliance Officer for Oechsle International Advisors for 18 years. Joe was responsible for administering the firm’s global compliance program. Additionally, Joe served as Director of Operations, where he was responsible for managing the firm’s vendors, front/middle/back-office systems, and the outsourcing of technology and legal. Before joining Oechsle in 2004, Joe held the position of Compliance Manager for Putnam Investments, and Compliance Analyst for State Street, and Scudder Stevens and Clark.
Christine BrownDirector of Business Operations
Christine joined the firm in 2023 and is responsible for overseeing all aspects of business operations, including finance, human resources and managing vendors relationships. Prior to joining MAP, she had positions at asset management and real estate investment firms, including Affiliated Managers Group (NYSE AMG). Christine was the Director of Accounting and Finance at AMG, hired as the company prepared for its IPO to leverage her prior experience with two publicly traded REITS. Christine earned a BS in Accounting from the University of Connecticut and an MBA from Northeastern University.
Joseph LaMarcaDirector, Institutional Sales & Relationship Management
Joe joined Moody Aldrich Partners (MAP) in 2022 as a Marketing and Communications Associate and was promoted to his current role in 2024. Joe is responsible for institutional outreach, building and maintaining client and consultant relationships, and serves as a primary contact point for client and consultant related matters. He also partners with business and portfolio management teams on marketing and communication projects. Joe began his career at Bank of New York Mellon in 2015 where he was a Client Service Manager prior to joining MAP. He earned his B.A. in Economics from the University of Massachusetts Lowell.
John P. SherlockSenior Director, Trading & Investment Operations
John has over 17 years of industry experience. John is responsible for trade execution, trade cost analysis, policy, broker/vendor management, and portfolio administration oversight. John joined Moody Aldrich Partners in 2007 as a Portfolio Administrator and Trading Operations Associate. John previously worked at State Street Global Advisors in international operations as a Portfolio Accounting Analyst and began his career at State Street Bank in Boston as a Portfolio Administrator. John earned a B.A. in Business from Saint Anselm College.
John HemenwayDirector, Trading & Investment Operations
John joined Moody Aldrich Partners (MAP) in 2018 and has over 7 years of industry experience. John is responsible for setting up accounts, updating portfolio information and managing workflows. He also supports the firm’s Chief Compliance Officer, Senior Trader and investment teams. Prior to joining MAP, John was a Trade Specialist at Bank of New York Mellon. Previously, he was a Mutual Fund Specialist at Bank of New York Mellon and began his career at Putnam Investments. He earned his MBA from Plymouth State University and BBA in Finance from Stetson University.
Richard BoutinManaging Director, Client Service
Samuel SchermanPortfolio Specialist
Sam’s passion for investment management began in 2012, inspired by Michael Lewis’ book “Moneyball.” The book’s exploration of data-driven decision-making in baseball resonated with Sam, akin to Jonah Hill’s role alongside Brad Pitt in the film adaptation. This inspiration led Sam to dive deeply into probability theory and sports analytics, where he developed a methodical and systematic approach, emphasizing the importance of avoiding emotional biases and focusing on data-driven decisions. After college, Sam served as the Director of Analytics at Daily Fantasy Sports (DFS) Karma, where he was responsible for creating simulations, projections and data-driven content for major leagues like the PGA, MLB, NBA, and NFL. Seeing the parallels between sports analytics and portfolio analysis, Sam joined Dan Wanzenberg at the predecessor to Portfolio Solutions Group in 2016, starting as an Intern and progressing to Senior Analyst and to his current role as Portfolio Specialist. Similar to evaluating sports metrics, Sam analyzes the performance of money managers, focusing on factors like alpha, attribution, and risk statistics to identify and combine manager skill in specifc sectors. Sam leads the analytics effort on the team and is responsible for managing the technology suite of models used throughout the process. As a Portfolio Specialist, Sam continuously looks for small advantages that, when combined, seek to enhance overall portfolio performance. Sam received a B.S. in Finance at Miami University.
Daniel WanzenbergChief Investment Officer
Mr. Wanzenberg’s 28-year career has focused on evaluating investment firms and their strategies and constructing multi-manager solutions for wealthy families and institutions.
In 2005, Mr. Wanzenberg launched the North American global multi-manager program for ABN AMRO, an international bank based in the Netherlands. As Head of the group, he was responsible for overseeing the program including manager due diligence and selection and constructing client portfolios.
In this role, it became evident that his clients were being negatively affected by the blending of multi-manager portfolios in the name of diversification. When client solutions were viewed “in aggregate”, the solutions correlated too highly with an index fund to be presented as an “active management” solution. This was due to each separate manager’s overall strategy moving very similarly with one-another (common correlation), resulting in a lack of overall Active Share—essentially causing clients to pay an active management fee for a passive portfolio.
This led to further research of each manager’s portfolios separately, looking for pockets of consistent alpha generation. The research revealed that long-term outperforming managers tended to consistently produce most of their outperformance in a limited number of sectors. His team began to reimagine how client solutions could be constructed by blending multiple managers’ alpha generating sectors, referred to as “alpha building blocks”, into unique client solutions.
The approach he developed led to the formation of Wanzenberg Partners, LLC in 2009 (DBA APS Labs) and, in 2023, its strategies and assets were acquired by Moody Aldrich Partners, LLC (MAP).
He earned a B.A. from University of Iowa and started his career as a performance analyst at Nuveen Asset Management. He joined Envestnet at its founding in 2000, to build their investment manager platform. From 2007–2023, Mr Wanzenberg served as Head of the Investment Committee at The Coleman Foundation responsible for overseeing its $200 million portfolio.
In 2005, Mr. Wanzenberg launched the North American global multi-manager program for ABN AMRO, an international bank based in the Netherlands. As Head of the group, he was responsible for overseeing the program including manager due diligence and selection and constructing client portfolios.
In this role, it became evident that his clients were being negatively affected by the blending of multi-manager portfolios in the name of diversification. When client solutions were viewed “in aggregate”, the solutions correlated too highly with an index fund to be presented as an “active management” solution. This was due to each separate manager’s overall strategy moving very similarly with one-another (common correlation), resulting in a lack of overall Active Share—essentially causing clients to pay an active management fee for a passive portfolio.
This led to further research of each manager’s portfolios separately, looking for pockets of consistent alpha generation. The research revealed that long-term outperforming managers tended to consistently produce most of their outperformance in a limited number of sectors. His team began to reimagine how client solutions could be constructed by blending multiple managers’ alpha generating sectors, referred to as “alpha building blocks”, into unique client solutions.
The approach he developed led to the formation of Wanzenberg Partners, LLC in 2009 (DBA APS Labs) and, in 2023, its strategies and assets were acquired by Moody Aldrich Partners, LLC (MAP).
He earned a B.A. from University of Iowa and started his career as a performance analyst at Nuveen Asset Management. He joined Envestnet at its founding in 2000, to build their investment manager platform. From 2007–2023, Mr Wanzenberg served as Head of the Investment Committee at The Coleman Foundation responsible for overseeing its $200 million portfolio.
Eastern Shore Capital Management — Investment Team
Robert C. Barringer, CFAFounder, Partner, Chief Investment Officer, Portfolio Manager
Bob is a co-founding partner of Eastern Shore Capital Management where he serves as co-portfolio manager of the ESCM Small Cap Equity and Select Equity strategies. Bob brings over twenty five years of investment experience to Eastern Shore and has held senior roles in several firms. Prior to co-founding ESCM he served as a managing director and portfolio manager at FBR Asset management, where he managed the FBR Small Cap and Large Cap funds. Before joining FBR, he was a Senior Portfolio Manager and Director of Research at Citizens Funds. Prior to joining Citizens, Mr. Barringer served as director and co-portfolio manager at AEW Capital Management. While at AEW, Bob was co-portfolio manager of the AEW institutional separately managed and alternative REIT portfolios. He began his career as a research analyst covering small and mid-cap banks and thrifts at Fidelity Investments. Bob received his B.A. in Economics from Wesleyan University and his MBA from Harvard Business School.
James M. O'Brien, CFAFounder, Partner, Portfolio Manager
Jim is a co-founding partner of Eastern Shore Capital Management where he serves as co-portfolio manager of the ESCM Small Cap Equity and Select Equity strategies. Prior to co-founding ESCM, Jim served as a member of the investment team for eight years at Moody Aldrich Partners: he began as a Senior Analyst, became an Associate Portfolio Manager in 2007, and was later named the Lead Portfolio Manager on the firm’s Small Cap Value strategy. Previously, he was an Equity Research Analyst at Citizens Funds for four years. Prior to that, he was a Financial Analysis Technology Strategist at Primark. Jim’s experience also includes Financial Technology Business Development at One Source Information Services, Senior Fund Accountant at Fidelity Investments, and Account Specialist at Boston Safe Deposit & Trust Company. Jim earned a Masters Certificate in Accountancy and a B.S. Degree in Economics and Finance at Bentley University.
Sarah L. Westwood, CFA, CMTPartner, Portfolio Manager
Sarah joined Eastern Shore Capital Management as a partner in March of 2013, and serves as co-portfolio manager of the ESCM Small Cap Equity and Smid Cap Equity strategies. Prior to joining the firm from Fidelity Investments, she served on the investment team at Moody Aldrich Partners as an Associate Portfolio Manager from 2008 to 2012. She joined Moody Aldrich following eight years at Putnam Investments, where she served as a Senior Vice President and Analyst on the firm’s Strategic Research Team. She began her career as a Research Associate for Harvard Business School, and later joined Cobey, Jacobson, and Gordon, a boutique investment management firm serving high net worth clients. A former Captain, Military Intelligence, U.S. Army Reserve, Sarah served in Baghdad during Operation Iraqi Freedom, 2003-2004. She earned a B.A. degree in English and Art History, Phi Beta Kappa from Wellesley College, and a Master of Global Business Administration degree from the Fletcher School at Tufts University.
Global Value Advisors — Investment Team
Philippe RollandFounder, Partner, Chief Investment Officer, Portfolio Manager
Philippe is Chief Investment Officer of Global Value Advisors where he serves as a Co-Portfolio Manager on the firm’s strategies. He joined Grantham, Mayo, Van Otterloo (GMO) in Boston in 1997 as a real estate analyst, picking European stocks for the Global Properties Fund. In 2000, he became co-portfolio manager for the GMO Global Active Equity Fund where he was responsible for investments in global industries (developed and emerging markets). He was made Partner in 2008 and was a portfolio manager for European countries and industries from 2008 to 2017 for large cap and small cap international strategies. Philippe graduated in 1993 from the Paris Business School (ISC) and completed a Master’s Degree in International Business at the University of Normandy, France, in 1995. He served in the French Navy for one year in 1996.
Todd Bassion, CFAFounder, Partner, Portfolio Manager
Todd is a Co-Portfolio Manager on Global Value Advisors’ strategies. Todd brings over 18 years of investment experience to GVA. Previously, he was a Portfolio Manager at Delaware Investments on their International Value equity fund and Global Value equity fund where he was responsible for co-managing approximately $1.4 billion in assets. Todd worked within the same group for 17 years at a firm that was acquired several times during his tenure. The original firm, ValueQuest/TA, was first acquired by Thomas Weisel Partners, then by Delaware Investments, and finally by Macquarie Group in 2010. He began as a Research Assistant and was promoted to Research Associate in 2001, Analyst in 2002, Senior Analyst in 2004 and Portfolio Manager in 2006. Todd received his B.A. in Economics, Phi Beta Kappa from Colorado College. He is a member of the CFA Society Boston, Inc. and the CFA Institute.
Mathew Marotta, CFAFounder, Partner, Investment Research, Portfolio Implementation
Mathew is responsible for quantitative analysis and portfolio construction and implementation on Global Value Advisors’ strategies. He also contributes to investment research. Mathew brings over fifteen years of industry experience to GVA. Prior to co-founding GVA, he was a member of the international active investment division at GMO, where he was responsible for the portfolio construction, implementation and analysis for the team’s global and international strategies. Previously at GMO, Mathew was a member of the asset allocation investment division as a systems engineer for the derivatives trading desk, and was also a member of the information technology group as a software engineer for the operations team. Prior to joining GMO in 2007, he was a financial analyst at Fidelity Investments. Mathew received his B.S. in Business Administration from Babson College. He is a member of the CFA Society Boston, Inc. and the CFA Institute.
Portfolio Solutions Group — Investment Team
Daniel WanzenbergPartner, Chief Investment Officer
My 30 year career has focused on studying the behavior of active equity managers. In 2005, as the head of ABN Amro’s North American global multi-manager program, I posed the following question: in an industry filled with some of the brightest and most highly credentialed people in society, why do so few equity managers outperform passive benchmarks?
What I discovered is that it is not the lack of manager skill but an inefficiency in how stock selection skill is typically harnessed and delivered to investors.
Specifically, active equity portfolios are often constructed too broadly and include “filler” or “alpha drag”. Research shows that equity portfolios often derive outperformance from just a few sectors; however, for diversification and risk control purposes, most portfolios include securities where no persistent stock selection skill exists. This active management dilution often produces passive-like returns and risk, with active fees.
By strategically selecting holdings only from sectors where managers had a proven track record of outperformance, I believed that we could avoid this dilution effect and capture better returns without sacrificing diversification.
In 2009, I set off to build a new company based on this innovative idea. At Portfolio Solutions Group, we’ve built a system to find and utilize the consistent stock-picking talents of managers in specific sectors. We do this by sifting through thousands of funds to identify sector portfolios with consistent outperformance. Then, we extract the holdings chosen by managers who have consistently demonstrated superior stock selection within each sector. Finally, we use rigorous portfolio construction techniques to strategically integrate these proven sources of excess returns (alpha) into a strategically diversified alpha-driven portfolio.
What I discovered is that it is not the lack of manager skill but an inefficiency in how stock selection skill is typically harnessed and delivered to investors.
Specifically, active equity portfolios are often constructed too broadly and include “filler” or “alpha drag”. Research shows that equity portfolios often derive outperformance from just a few sectors; however, for diversification and risk control purposes, most portfolios include securities where no persistent stock selection skill exists. This active management dilution often produces passive-like returns and risk, with active fees.
By strategically selecting holdings only from sectors where managers had a proven track record of outperformance, I believed that we could avoid this dilution effect and capture better returns without sacrificing diversification.
In 2009, I set off to build a new company based on this innovative idea. At Portfolio Solutions Group, we’ve built a system to find and utilize the consistent stock-picking talents of managers in specific sectors. We do this by sifting through thousands of funds to identify sector portfolios with consistent outperformance. Then, we extract the holdings chosen by managers who have consistently demonstrated superior stock selection within each sector. Finally, we use rigorous portfolio construction techniques to strategically integrate these proven sources of excess returns (alpha) into a strategically diversified alpha-driven portfolio.
Other:
After receiving a B.A. from University of Iowa, I started my career as a performance analyst at Nuveen Asset Management. I joined Envestnet at its founding in 2000, and helped build their investment manager platform. From 2007 – 2023, I served as Head of the Investment Committee at The Coleman Foundation and was responsible for overseeing its $200 million portfolio.
Samuel SchermanPortfolio Specialist