Dr. Alan Greenspan Joins Advisors Capital Management as Economic Advisor
PRNewswire – RIDGEWOOD, N.J., – Advisors Capital Management, LLC (ACM), a globally recognized investment manager, is pleased to announce that Dr. Alan Greenspan has joined ACM as Economic Advisor. The former Federal Reserve Chairman will work closely with senior members of the firm and participate in the firm’s investment committee by providing economic analysis to support the firm’s top-down approach to selecting sectors in the economy for investment. Dr. Greenspan will also provide economic and market valuation analysis.
ACM’s co-founder and Chief Investment Officer, Dr. Charles Lieberman, is looking forward to the collaboration. “I am very excited to resume working with one of the towering members of the economics profession. He has served our profession and our nation with distinction. I am now pleased we can bring the benefit of his insight to our investment clients.”
Dr. Greenspan’s insight will be highly beneficial to ACM’s investment management. ACM’s investment process led by Dr. Lieberman, a former Wall Street, and Federal Reserve economist, identifies economic sectors that might be affected by macro developments, before implementing a value oriented bottom-up securities selection.
About Alan Greenspan
Alan Greenspan served five terms as chairman of the Board of Governors of the Federal Reserve System from August 11, 1987, when he was first appointed by President Ronald Reagan. His last term ended on January 31, 2006. He was appointed chairman by four different presidents.
Shortly after assuming office as chairman of the Board of Governors, Greenspan faced the October 1987 stock market crash and acted quickly to inject liquidity into the financial system to calm the markets. During his tenure, he led the Federal Reserve through several major events with significant economic repercussions, including two U.S. recessions, the Asian financial crisis of 1997, the collapse of Long Term Capital and the Russian default in 1998 and the September 11, 2001, terrorist attacks. Many observers credit Greenspan with further reducing inflation while facilitating the longest official economic expansion in U.S. history. For these accomplishments, he was dubbed the “Maestro” by Wall Street analysts. He was also known for his skill at building consensus among members of the Federal Open Market Committee on policy issues.
About Advisors Capital Management, LLC
Established in 1998, and headquartered in Ridgewood NJ, ACM is globally recognized investment manager providing portfolio and wealth management services to affiliated advisors and direct clients throughout the United States. ACM has been named to the Financial Times Top 300 RIAs* over the past two years and the firm’s investment income solutions have been recognized by numerous financial media outlets including Barron’s, The Wall Street Journal and CNBC.
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