James Caird Asset Management appoints new MD

9 May 2011
Mary Goodman has joined James Caird Asset Management (U.S.) LP in May 2011 as a Managing Director. Based in Washington DC, Goodman provides strategic counsel on the global macroeconomic outlook and on monetary, fiscal, financial regulatory and other policy risks as part of the firm’s deliberation on investment decisions.

Goodman was Special Assistant to the President for Financial Markets at the National Economic Council under Director Lawrence Summers from 2009-2010. Prior to joining the NEC, she was a Senior Advisor to Treasury Secretary Timothy Geithner.

Goodman joined the Obama transition team shortly after the election in November, 2008 to work on developing a comprehensive Financial Stability Plan to help stabilize the financial system, restore confidence in the health of US banks and restart the securitization markets.

She worked with Moore Capital Management for 10 years before joining the Obama Administration and ran the firm’s Washington office.

From 1991-1998 she was with the U.S. Treasury Department in the Office of the Assistant Secretary for International Affairs where she was the United States’ G-7 Debt Expert and Treasury’s negotiator in the Paris Club.

Tim Leslie, CIO of JCAM commented that “Mary has unparalleled insight into the key macro factors impacting global markets. The core of our investment approach is investing in companies. Mary’s involvement will enhance our ability to evaluate how these macro themes affect corporate fundamentals and markets, enabling us to trade in underlying credit and securities. In the current environment to invest only on the basis of corporate fundamentals is to risk ignorance of the key macro themes that will shape the performance of these companies and of global markets for the foreseeable future.

“JCAM’s philosophy of combining a top down macro thesis with detailed fundamental research across all parts of the capital structure is well suited to the current environment and Mary brings a depth of knowledge that we believe is unique and highly additive for our investors”.

Mary Goodman said, “I very much look forward to working with the investment team at JCAM. The team has an excellent record of performance and managing risk through financial cycles. Their exceptional ability to identify key factors impacting markets and
translate those into specific views at a portfolio level sets them apart, and I am excited about the chance to bring my perspective to that process.”