Leadership

Leadership | Advisory Board

Sheryl K. Pressler

Member, Advisory Board

Sheryl Pressler is an investment and strategy consultant based in Atlanta, Georgia. Ms. Pressler is the former Chief Executive Officer of Lend Lease Real Estate Investments, Inc.

Prior to joining Lend Lease, Ms. Pressler was the Chief Investment Officer of the California Public Employees' Retirement System (CalPERS), the nation's largest pension fund. While at CalPERS, Ms.Pressler was responsible for the investing of a $172 billion portfolio of stocks, bonds, private equity, and real estate.

Prior to joining CalPERS, she was Director of Retirement Funds Management for McDonnell Douglas Corporation (now part of Boeing).

Ms. Pressler has been the recipient of numerous awards including the Richard L. Stoddard Award presented by the National Association of State Investment Officers (NASIO) in recognition of “Outstanding Contributions to the Investment of Public Funds,” and the Annual Bob Toigo Award which recognizes important contributions to the pension and investment community from a plan sponsor. She has also been named as one of the “50 Smartest Women in the Money Business” by Money for Women magazine, and named to the “List of the Next CEOs” to run a Fortune 1000 company by Working Women magazine.

Ms. Pressler currently serves on the board of directors of Centerra Gold and the Voya Mutual Funds. She has served on board of directors of Nuevo Energy, Stillwater Mining Company, the Robert A. Toigo Foundation, and the California HealthCare Foundation. She was a member advisory committee of Sterling Capital Partners Buyout Fund I. Ms. Pressler received a BA in philosophy from Webster University and her MBA from Washington University.

Robert E. Shultz

Member, Advisory Board

Mr. Shultz is currently Membership Director of the Institute For Quantitative Research in Finance (The Q Group), a Director of General Motors Asset Management Absolute Return Strategies Fund (New York), and the LIM Asia Arbitrage Fund (Hong Kong), a Partner of TSW Associates, a member of the investment committees of Ascension Health Care (St Louis) and Christian Brothers Investment Services (New York), a member of the Advisory Committee of Reserve Capital Partners (Chicago), and a Special Advisor to International Pension and Economic Research Institute in Tokyo. He has 30 years of experience in investment policy and strategy, asset allocation, manager selection, performance monitoring, and reporting for four multi-billion dollar corporate pension funds and the leading investor of endowment and foundation assets.

Prior to his current appointments, he was associated with Pine Grove Associates, an investment firm specializing in low volatility hedge funds from 1996 to 1999. He has also been a Senior Vice President at The Common Fund from 1994 to 1995 where he was responsible for nine domestic equity funds ranging from a $2.9 billion equity fund to a $294 million Absolute Return Fund. From 1990-1993, Mr. Shultz was a Managing Director of the Trust Company of the West where he assisted in positioning the firm as a Macro Asset Allocation Manager and introduced benchmark portfolio construction. He was also a member and secretary of Investment Committees for Private Equity and Oil and Gas funds.

From 1963-1990, Mr. Shultz was involved with multi-billion dollar corporate pension funds of the New York Telephone Company, Western Electric Company, IBM Corporation, and RJR Nabisco, and during this time he cumulatively oversaw over $25 billion in pension fund assets. He has also been a member of the Client Advisory Board of Wachovia Bank and Trust Company and Chase Manhattan Bank, and a member of the New York Stock Exchange Pension Managers Committee.

Mr. Shultz is the recipient of many professional awards including Best Pension Officer by Institutional Investor, the Best and Brightest list by Pensions and Investment Age, and the Pension World Award for outstanding achievement in investments. He has spoken at over 90 seminars in the US and abroad, and written for a number of financial publications. He received a BS in business administration from Norwich University.

Laurence B. Siegel

Member, Advisory Board

Mr. Siegel is Director of Research at the CFA Institute Research Foundation and an independent consultant. Previously he was Director of Investment Policy Research at the Ford Foundation in New York, where he worked from 1994 until his retirement in 2009. Before that, he was a managing director of Ibbotson Associates, an investment consulting firm that he helped to establish in 1979.

Mr. Siegel is on the board and program committee of the Institute for Quantitative Research in Finance (the Q Group) and is investment thought leader for Foundation Financial Officers Group. He is a member of the editorial boards of the Journal of Portfolio Management and the Journal of Investing. He has assisted many nonprofit organizations in advisory and board roles.

Mr. Siegel received his BA in urban studies from the University of Chicago in 1975, and his MBA in finance from the same institution in 1977.

Matthew H. Stone

Member, Advisory Board

Mr. Stone is Assistant Vice President and Managing Director of Public Markets and Absolute Return Investments in the Office of Investments at the University of Chicago. Mr. Stone joined the University of Chicago's Office of Investments staff as Portfolio Manager in July 1999 and advanced to Assistant Vice President and Director of Absolute Return Investments in July 2001. He was named Managing Director of Public Markets and Absolute Return in August 2009. He oversees investments in Public Equities, Hedge Funds, Fixed Income, and Credit.

Before joining the Office of Investments at University of Chicago, Mr. Stone held a variety of investment and trading positions. From 1995 to 1999, he was Vice President of the Portfolio Services Group at Arbor Research & Trading in Barrington, Illinois. He has also been a fixed income consultant for BARRA, a futures contract designer for the Chicago Board of Trade, a computer programmer, and money market trader for a $4.5 billion bank.

Mr. Stone earned his MBA in finance and marketing from the University of Chicago Graduate School of Business, a BA in English from the University of Pennsylvania, and a BS in economics from the Wharton School. He has been a CFA charter holder since 1997.

Stanley Kogelman

Member, Advisory Board

Mr. Kogelman has been active in the financial industry since 1985, during which time he has advised pension funds, endowments, foundations, and ultra-high net worth individuals on a wide range of issues related to asset allocation, manager selection, portfolio construction, and equity valuation. Prior to APM, he held senior positions at several Wall Street firms including JP Morgan Private Bank, where he was Co-Head and Chief Investment Officer in the Multi-manager Investment Advisory Group, and Goldman Sachs where he was Head of the Private Client Research and Strategy Group. Mr. Kogelman began his career in finance at Salomon Brothers where he was Director of Quantitative Research at Salomon Brother Asset Management and a member of the Bond Portfolio Analysis Group.

Mr. Kogelman has authored or co-authored more than 70 professional articles on asset allocation, fixed income management, and equity valuation. Some recent publications include “Bond Ladders and Rolling Yield Convergence,” Financial Analysts Journal, March/April 2015, and “Forward Curve Shifts and Return Convergence,” Journal of Portfolio Management, Fortieth Year Anniversary Issue, September 2014. He has received the prestigious Graham and Dodd Award twice from the Financial Analysts Journal and has co-authored several books including Inside the Yield Book (Third Edition, Wiley, 2013), Return Targets and Shortfall Risks: Studies in Strategic Asset Allocation (Irwin, 1996), and Franchise Value and the Price/Earnings Ratio (Research Foundation of the Institute of Chartered Financial Analysts, 1995).

Prior to working on Wall Street, Mr. Kogelman was an educator and published in scholarly mathematics journals. He was on the mathematics faculty at New York University’s Courant Institute, City University of New York (Baruch College), State University of New York (College at Purchase), and Delft Technical University (The Netherlands). He received his BS, MS, and PhD in mathematics from Rensselaer Polytechnic Institute and an MSW from Smith College.