Overview

Bruce is responsible for investment strategy at Sentinel Trust, overseeing teams responsible for all asset classes and making tactical allocation decisions across all portfolios. As the firm’s first dedicated investment professional, he created the investment platform around the unique needs of wealthy families.

He has a special interest in real estate and wrote his doctoral dissertation on Real Estate Investment Trusts. Prior to joining Sentinel Trust, he worked with several real estate development families to diversify their holdings.

Bruce has over thirty years of experience investing on behalf of wealthy families. He speaks to family office and academic audiences, including Rice University and the Stanford Graduate School of Business.

Professional Background:

  • Director of Non-Real Estate Investments, Hines (Gerald D.) Interests, Houston, TX (1987–1998) – First dedicated family office employee. Was responsible for investing assets outside of this family’s high-profile core real estate business. Invested tactically (and directly) in numerous asset classes, both traditional and alternative, including a full range of credit, international, derivative, and commodity based strategies.
  • Director of Investments, Taubman Investment Co., Bloomfield Hills, MI (1985–1987)

Education

Harvard University, PhD in Business Economics, Joint degree of the Harvard University Graduate Schools of Arts and Sciences and Harvard Business School (1986)

Williams College, BA in Economics (1976), Phi Beta Kappa

IN THE COMMUNITY

Community Involvement:

  • The Fay School, Former Trustee, Treasurer and Chairman of Finance and Search Committees
  • Houston Committee on Foreign Relations, Member
  • Harvard University Houston Schools Committee, Interviewer for admissions
TALKS

Talks:

  • “Getting Started in Private Equity” – Opal Investment Forum
  • “Confessions of a Mean-Reversionist” – Rice University, Center for Computational Finance and Economic Systems
  • “A Family Office Perspective on Venture Capital Investing” – Mohr Davidow Annual Meeting
  • “Real Estate Investment Opportunities: Putting the Pieces Together” – Marcus Evans Private Wealth Management Summit

Publications:

  • “Global Warming-Not Just Yet”
  • “The Bubble Years: Were They Just a Dream, Dr. Greenspan?”
  • “Capital Market Assets: Dead Men Walking?”
  • “New Age Economics: Do You Believe?”
  • “The New Carry Trade: Let’s Make a Deal”
  • “And Then There was One”
  • “Economic Recovery Plays OK, U.S. Equities Not the Way”
  • “Sentinel Horizons”
  • “Investment Themes for Year 2000 and Beyond”
INSIGHTS

Markets – June 2019

While the re-emergence of disappointing economic news suggested that global growth was decelerating, it was politics that spooked markets in May. It came in the form of an unexpected 9th inning breakdown in U.S./China trade talks and subsequent signs that President Trump might view bilateral tariff and company-specific threats as a core part of his expanded toolkit for “winning” (on both the employment and election fronts).

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POSTED IN: Market Perspectives

Markets – May 2019

At one level, April developments are easily summarized: the combination of reassuring economic reports across leading economies, even more supportive central bank policies (a luxury made possible by quiescent inflation), and hopes for a finalization of a comprehensive U.S./China trade deal propelled risk assets to their fourth consecutive monthly gain.

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POSTED IN: Market Perspectives

Markets – April 2019

The Federal Reserve Board (Fed) somehow managed to overshoot markets’ already dovish expectations by unexpectedly moving guidance directly from a rate hike bias to one of rate cuts without stopping at “pause.” This “miracle drug” not only drove a massive move downwards in global bond yields from already low levels, but anesthetized equity investors from concerns over fundamentals such as declining economic growth and corporate earnings.

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POSTED IN: Market Perspectives

Markets – March 2019

A panoply of investors hope that the Fed’s dovish policy guidance could successfully affect a soft landing and PM Theresa May’s newest plan would eliminate the risk of a near-term no-deal Brexit. Also, a January spike in Chinese credit would cause growth to inflect and President Trump’s direct involvement in China talks would lead to a trade agreement combined to facilitate a continuation of January’s positive momentum for risk assets.

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POSTED IN: Market Perspectives