Dr. John Rutledge was one of the principal architects of the Reagan economic plan in 1980-81 and adviser the Bush White House on tax policy and Gulf issues. Dr. Rutledge is Chief Investment Strategist at SAFANAD, a global principal investment firm in New York, Dubai, London, and Geneva. He is Chairman of Rutledge Capital, a private equity investment firm. He is Economics Contributor for CNBC, and Senior Research Fellow at Claremont Graduate University. He sits on a number of boards of directors for public and private companies. Dr. Rutledge is Honorary Professor at the Chinese Academy of Sciences and Chief Adviser for Finance and Investment to the Governor of the Haidian District in Beijing, the home of China’s major universities and the center of venture capital activity in China. He is Chairman of Tara’s Kids, a non-profit organization that builds libraries and computer centers for schools in remote villages in China, Tibet, and elsewhere.
Dr. Rutledge has an active lecture practice, giving talks on global economics, capital flows, financial markets, investment strategies, the impact of technology on the economy, and strategies for owning and growing the value of a business. After tours of duty in both academics and government policy, he has started, run, chaired, owned and harvested dozens of companies, and has managed money in both mutual funds and private equity.
Dr. Rutledge first introduced his Asset Market Shift framework for analyzing capital markets in the Wall Street Journal in the 1980s. Initially controversial, the framework, in which interest rates and other asset prices are determined by private arbitrage behavior between financial and tangible assets applies theoretical work drawn from non-equilibrium thermodynamics to portfolio management. Dr. Rutledge uses the framework to track asset market shifts and develop strategies that attract capital and build wealth, bridging the gap between macroeconomic analysis and portfolio management. Over the past twenty years, he has used this framework on economic analysis, asset allocation, portfolio selection, business strategy, restructuring, acquisitions and divestitures. Dr. Rutledge advises institutional and individual investors how to structure portfolios to take advantage of 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 CNBC shows including Squawk Box, Squawk on the Street, Street Talk, Fast Money, Closing Bell, and CNBC Asia. Dr. Rutledge wrote the Business Strategy column for Forbes for more than a decade and writes for Forbes.com. He also authors the 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. He has also written three books—Rust to Riches, A Monetarist Model of Inflationary Expectations, and Lessons from a Road Warrior—and hundreds of articles for the Wall Street Journal, the American Spectator, China Daily, Barron’s, Forbes, Fortune, the National Review, the Financial Times, U.S. News and World Report, Business Week, and other publications. He testifies frequently before Congressional Committees and has advised government officials in the United States, United Kingdom, Ireland, China, Saudi Arabia, Kuwait, and North Korea.
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. He divides his time between New York, Newport Beach, Maui, Dubai, and Beijing.
Email: John Rutledge JR@rutledgecapital.com