Peabody River Asset Management, LLC

Biography

Adam Jared Apt, CFA, Manager. Mr. Apt has more than twenty years of experience in investment management. He received his MBA from the University of Chicago in 1986, and he is a holder of the CFA^® (Chartered Financial Analyst^®) designation.

Before establishing Peabody River Asset Management, Mr. Apt worked successively at two Internet startups, Asset Sciences, Inc., and LTSave, Inc., firms that provided investment guidance and advice to individual investors over the Web. (In 2002, the Asset Sciences product, AssetPlanner, was acquired by Accenture.) LTSave focuses solely on investing for retirement. At both firms, he was Vice President of Investment Analytics, which made him the de facto chief investment officer. He oversaw a team of investment professionals and designed the processes by which computers generated the automated investment advice. In addition, he wrote much of the explanatory and educational material that appears on line for the users. He also designed the Monte Carlo simulators that calculate the projected range of possible ending values of investment portfolios and the probabilities of different outcomes.

Mr. Apt began his career as a quantitative equity analyst at Keystone Investment Management Company (now absorbed into Evergreen Investments). He then joined Northfield Information Services, a provider of software, risk models, and technical consulting services for institutional investment managers, where he was the product manager for the firm's asset allocation software and fixed income toolkit, for which he also programmed, and he provided customer support for the firm's portfolio optimization software. From Northfield, he joined Colonial Management Associates (now absorbed into the Columbia Funds of Bank of America), where he was chief administrative officer of the equity group, with a number of managerial and analytical responsibilities, including investment performance analysis. He left Colonial in 1999 to join Asset Sciences.

Mr. Apt served on the board of the Boston Security Analysts Society (BSAS) from 1997 to 2000. He is a member of the BSAS, the CFA Institute, the Financial Planning Association, the Boston Economic Club, and the Society of Quantitative Analysts. He has been treasurer of the Boston Committee on Foreign Relations since 1991. He serves or has served on the boards or finance committees of several other not-for-profit organizations, including the Boston Center for Adult Education (1992-1997). He has been president of the University of Chicago Graduate School of Business Club of Boston and the Oxford and Cambridge Society of New England. From 1995 to 2003, he taught the BSAS's introductory course in quantitative analysis for investment management. He still sits on the BSAS's Education Committee.

Mr. Apt has been quoted in Money magazine.

Besides his MBA, he holds a BA from Amherst College in astronomy (1977), and a doctorate from Oxford University in the history of science (1982).

Mr. Apt continues to write book reviews for academic journals in the history of science and to contribute articles to various reference works, which have included the Encyclopedia Britannica, the Oxford Dictionary of National Biography, and the New Dictionary of Scientific Biography.

His recreations include book collecting and hiking in the mountains of the Northeast, where he has solo-hiked New England's hundred highest peaks and many of the high peaks of the Adirondacks. In 2006, he was guest curator of an exhibition of historic maps of the White Mountains of New Hampshire at the Harvard Map Collection.