NEWTOWN, Penn., June 23 /PRNewswire/ -- Mount Lucas Management Corporation ("Mount Lucas"), a global macro investment manager, today announced that renowned Wall Street economist Dr. Robert J. Barbera has joined the firm as Chief Economist. Dr. Barbera is accompanied by his long-time associate, Jackie Kadre, who has been named Economist at the firm.
Dr. Barbera has spent the last twenty-eight years as a highly respected Wall Street Economist, and has gained a wide institutional following. He is a frequent guest on CNBC, and is regularly quoted in The New York Times and The Wall Street Journal. His 2009 book, The Cost of Capitalism: Understanding Market Mayhem and Stabilizing Our Economic Future, was hailed by The New York Times as one of the top six finance books of the year.
Dr. Barbera is former Managing Director and Chief Economist at Investment Technology Group (ITG), a specialized brokerage and investment technology firm, where he was responsible for global economic and financial market forecasts. His career includes tenures at Capital Investment International, a New York-based research boutique, where he was Co-Chairman; Lehman Brothers, where he was Chief Economist and Director of Economic Research; and E.F. Hutton, where he was Chief Economist. A Fellow in the Economics Department of The Johns Hopkins University, Dr. Barbera is a former lecturer at M.I.T. He earned both his B.A. and his Ph.D. from The Johns Hopkins University.
Dr. Barbera's associate, Jackie Kadre, is an economist with fourteen years of experience on Wall Street. A former Director and Economist at ITG, she was responsible for providing research and analysis for global economic and financial market forecasts. Prior to ITG, Jackie worked at PaineWebber Inc. and in Congressman Elliot Engel's office. She holds a Bachelor's degree and Master's degree in International Political Economy from Fordham University.
"We are extremely pleased that Bob and Jackie have joined Mount Lucas," stated President Timothy Rudderow. "Their economic insight, refined over many years on Wall Street, adds even greater depth to the collaborative, discretionary approach that we use in conjunction with our proprietary, quantitative models. Bob and Jackie's keen discernment and analytical expertise will be invaluable resources for Mount Lucas."
Mount Lucas Management Corporation is a global macro manager with $1.97 billion under management across three distinct investment programs: MLM Macro Peak™, a global macro strategy; MLM Index™, a diversified futures index strategy; and MLM Focused Equity™, a large-cap equity strategy.
SOURCE Mount Lucas Management Corporation