General Investing >> Money Manager Interviews >> June 1, 1998
PAUL L. MCENTIRE is Chairman and Managing Director of Skye Investment
Advisors LLC. He is widely recognized in the disciplines of portfolio
risk management and value-based short-selling. He has provided
proprietary risk management strategies for over $1 billion of equity
portfolios, has founded two public funds, has lectured at Stanford
University, and has published several books and articles on quantitative
methods. He founded Skye Investment Advisors, which currently manages a
short-only fund, a long/short fund and a technology hedge fund. Dr.
McEntire began his career as a " rocket scientist," working on the
Apollo program and on satellite telecommunications programs. During the
1970s, he was a Principal Investigator on computer technology and
economic modeling projects for the U.S. National Science Foundation. At
Stanford University, he did his doctoral research on diversifying a
portfolio to maximize its long-term growth rate. In 1983, he founded the
first U.S. Government bond mutual fund to hedge using interest-rate
options, a fund which grew to over $250 million. In 1985, he founded
Skye to provide interest rate and equity risk management for clients
such as the Texas Instruments Pension Plan, Mass Mutual Life and
Republic Bank. He also founded EquityGuard Stock Fund, a closed-end fund
that traded on the American Stock Exchange. His education includes a
B.S. in Mathematics (Phi Beta Kappa), and a M.S. and Ph.D. in
Engineering-Economic Systems, all from Stanford University. Profile
TWST: Elaborate a little more on that? Why would that be?Dr. McEntire: The main point is that over time - and I think there's a
lot of evidence behind this both in our own record and in