Dave Tyson set up RiversEdge Portfolio Advisors in late 2004 to provide investment and risk management consulting to insurance companies. He also began to provide consulting services as a managing director at Capital Market Risk Advisors starting in 2010. Dave founded RiversEdge Convertible Portfolio Advisors in 2007 to manage convertible portfolios for institutional accounts as a sub-advisor to Conning Asset Management. He also has been a member of the Board of Directors of CYS Investments, a mortgage REIT, since April 2006. He served as Lead Independent Director from 2006 until 2013 when he rotated to be Chair of the Audit Committee.
From 1985 to 2004, Dave worked at Travelers and Citigroup, rising to become Chief Investment Officer of Citigroup’s proprietary insurance companies and head of Travelers’ registered investment advisor. Over the course of his 19-year career at Travelers, Dave was responsible for global fixed income asset class management and asset-liability matching for Citigroup’s insurance companies. In addition, he managed third party hedge fund investments, internal hedge fund groups, specialty fixed income groups, and a registered investment advisor which had oversight responsibility for strategies including collateralized debt obligations, syndicated bank loans, core and specialty fixed income variable annuity funds, and many third party insurance accounts.
After leaving Travelers, he was also a founding principal in Copeland Funds Management, an investment management firm that launched a long-short equity hedge fund in October 2005. Dave was directly responsible for risk management and CFO functions and partnered in investment decisions and all marketing processes. The fund returned 12.9% over 3 years versus the 9.1% return for the HFRX Equity Market Neutral Index before closing in early 2009.
Dave received his undergraduate degree In Finance/Political Science in 1978 from the Wharton School of the University of Pennsylvania. He received his MBA in 1982 and his Ph.D. in Economics in 1991 from the Stern School of Business of New York University. His Ph.D. dissertation was An Analysis of the Variation of the Term Premium in the United States Treasury Yield Curve. Dave has been a Chartered Financial Analyst charter-holder since 1984.