John Rutledge, chairman of mid-market PE firm Rutledge Capital, has joined the board of PCG Asset Management as an independent director. PCG AM is a private equity consultancy.
PCG Asset Management, a leading private equity consultant, announced today that Dr. John Rutledge has joined the firm's Board of Directors as an independent director.
“We are very excited to be working with Dr. Rutledge as he brings a truly global investment perspective,” said PCG Asset Management President and CEO, David Fann. “As we focus on our firm's future, John's knowledge and experience in the international markets will be highly valuable to our management team.”
Dr. Rutledge is the Chairman of Rutledge Capital, a middle-market private equity investment firm. He is also a member of the Advisory Board of First Q Capital, a hedge fund. Dr. Rutledge is a visiting professor at the Chinese Academy of Sciences and Chief Advisor for Finance and Investment to the Governor of the Haidian District in Beijing. He also serves as a board member of the Progress and Freedom Foundation and a senior fellow at the Pacific Research Institute and the Heartland Institute.
Dr. Rutledge first introduced his Asset Market Shift framework for analyzing capital markets in The Wall Street Journal in the 1980s, which applies thermodynamics to portfolio management to bridge the gap between economic analysis and portfolio management. Over the past twenty years he has used this framework for economic analysis, asset allocation, portfolio selection, business strategy, restructuring, acquisitions, and divestitures. Dr. Rutledge advises institutional and individual investors on how to capitalize on opportunities created by a temporary divergence of prices from Intrinsic Value. His many advisory and speaking clients include governments, corporations, and financial institutions around the world.
When not traveling the globe, Dr. Rutledge appears weekly on Forbes on Fox. He is a frequent guest on CNBC's Kudlow & Company, CNN's In the Money, PBS' Wall Street Week with Fortune, and a number of programs in China. Dr. Rutledge wrote the Business Strategy column for Forbes for more than a decade and writes for Forbes.com and TheStreet.com. He also authors the acclaimed Rutledge Blog on economic and technology issues at www.rutledgeblog.com. Dr. Rutledge is the author of the 2007 U.S. Chamber of Commerce study on the economic impact of the proposed carried interest tax and one of the principal authors of the 2005 U.S. Chamber of Commerce study on telecom reform and has written two books, Rust to Riches, and A Monetarist Model of Inflationary Expectations, and hundreds of articles for The Wall Street Journal, the American Spectator, China Daily, Barron's, Forbes, Fortune, the National Review, the Financial Times, US News and World Report, Business Week, and other publications. He testifies frequently before Congressional Committees and has advised government officials in the US, UK, Ireland, China, and Kuwait.
Dr. Rutledge began his career as a professor of monetary economics, international finance, and econometrics at Tulane University and Claremont McKenna College. In 1978, Dr. Rutledge founded the Claremont Economics Institute, an economic advisory business in Claremont, California. He holds a BA from Lake Forest College and a PhD from the University of Virginia.
Dr. Rutledge said, “I am excited to be part of the PCG Asset Management team to help build their private equity advisory and consulting platform. Private equity is expanding globally, especially in Asia and the Middle East, and it is clear to me that an expanding number of investors will require the services of a top private equity advisory firm. PCG Asset Management sets the standard for the industry. I am proud to be part of the team.”
Dr. Rutledge will replace Frank R. Kline, who stepped down after his decision to return to the venture capital investment world. Mr. Kline, the Managing Partner of Kline Hawkes & Company, plans to raise his fourth venture fund to focus on Southern California investment opportunities in the digital media sector.
“Frank Kline played an important role in the establishment of PCG Asset Management and helped us lay the foundation for our continued success. However, we understand his desire to begin the next chapter of his highly successful venture investment career by pursuing a market segment that he feels quite passionate about,” said Fann. “Given his track record, investment acumen and business relationships, I am certain his next fund will invest in exceptional opportunities for his investors.
About PCG Asset Management, LLC
PCG Asset Management (PCG AM) is a trusted private equity consultant that provides innovative, customized solutions to sophisticated institutional investors, including some of the world's largest public pension funds. PCG AM is focused exclusively on private equity, and currently oversees $15.4 billion of assets invested in private equity funds through advisory and discretionary arrangements. With approximately 40 professionals, PCG AM operates globally through offices in San Diego, Boston and New York.