9/2012 – Leading Global Macroeconomist and Industry Analyst Joins CB Capital Partners and CB Capital Research
NEWPORT BEACH, CA (September 2012) – Henry To, CFA, CAIA, a leading global macroeconomist and industry analyst with 15 years of global macroeconomic and investment experience, has joined CB Capital Partners as Managing Director of Research. As Managing Director of Research, Mr. To is the head of CB Capital’s investment research practice, CB Capital Research. Mr. To seeks to build CB Capital Research into a world-class investment research firm, focusing on knowledge in both global macroeconomic and major industry trends, including those in the financial, traditional & alternative energy, healthcare, manufacturing, specialty retail, home improvement, casual dining, and leisure industries. “We view our new investment research practice and Henry as the perfect complement to CB Capital’s investment banking practice and clients,” stated Christopher Baclawski, Managing Partner of CB Capital. “Both Henry and myself are committed to bringing excellent, original, and actionable investment ideas to our clients.”
Henry To, CFA, CAIA, Managing Director of Research, CB Capital Partners; Head of CB Capital Research
Mr. To was previously the Founder and Managing Partner of MarketThoughts LLC, an investment advisory service catering to global investors, including the world’s largest alternative asset management firms (e.g. Tudor Funds). Some of Mr. To’s notable macroeconomic calls include: 1) The peak of the NASDAQ Composite in early 2000 with a concurrent call to establish short positions in the NASDAQ’s largest stocks; and not turning bullish on U.S. stocks until early 2003; 2) The end of the bear market in precious metals and precious metals mining stocks in late 2000, when both the Philadelphia Gold and Silver Mining Index and the American Gold Bugs Index stood at a value of 40 (today, the value of these indices are at approximately 170 and 460, respectively); 3) a bull market in WTI crude oil in August 2004 (when WTI traded at $45 a barrel)—with a target of $80 to $100 a barrel over the next several years; and 4) taking a significant short position in U.S. stocks in October 2007, when the Dow Industrials traded at 13,956, near its all-time high.
Mr. To has also taught at the UCLA Luskin School of Public Affairs as an Adjunct Professor. In that capacity, Mr. To created the curriculum and lectured on a variety of public policy areas, including education, crime, drug, national security, and international policy.
Prior to MarketThoughts LLC and UCLA, Mr. To held Investment, Energy Consulting, and Actuarial Consulting positions with firms such as Buck Consultants, Lukens Energy Group (now part of Black & Veatch), and Mercer, where he obtained substantial experience in institutional asset management, team management, and performed valuations on non-traditional assets such as ERISA pension/actuarial contracts, natural gas storage fields, and weather derivative contracts.
Mr. To currently serves as the Chair of the CFA Society of Los Angeles’ Book Club, a mentor in the USC/CFA LA Mentorship program, as well as a mentor in the UCLA Anderson Asia Management Students Association. Mr. To has been a featured speaker at the Western Pension & Benefits Conference (Orange County Chapter), where he discussed the role of private equity and infrastructure investing in pension fund portfolios. Mr. To has been interviewed and quoted by the New York Times Business Section, among other publications. Mr. To received a BA in Mathematics and Economics from Rice University, an MBA in Finance from UCLA Anderson School of Management, and a Masters of Public Policy (MPP) in International Policy from UCLA Luskin School of Public Affairs.
About CB Capital Partners
CB Capital Partners is a specialized investment banking firm, which focuses on creating value through customized financial advisory assignments including capital raises, debt placements, strategic and financial partnerships, and mergers and acquisitions transactions. The firm was founded in 2001 in order to bring innovative and value-added solutions to our clientele through a conservative and disciplined application of our diverse professional institutional investment banking talents. For more information please contact us at (949) 415-7320 or visit http://www.CBCapital.com.