Michael J. Scafati, CFA
Managing Partner and Chief Investment Officer
Mike is an experienced institutional portfolio manager, risk manager, and a portfolio construction expert, having previously managed nearly $50B of assets across 36 mandates, 330 institutional clients, dozens of SMA platforms, and millions of retail clients for the Putnam Investments International Core Equity team. Since joining Putnam in 1993, he held positions on the US Core Growth, Equity Research and Institutional Marketing teams. More recently at ScafCap, Mike managed his own capital in an absolute return futures and options strategy. Early in his career, Mike held positions with Goldman Sachs and A.G. Edwards.
Mike first learned the technique of blending fundamental and quantitative alpha in the US equity space in 1993 under buy-side guru Jack Morgan, and was one of the first adopters of quantitative modeling in the international equity space in 2002, including helping design the risk model that Barra would eventually adopt as GEM. At ScafCap, and as a direct result of his previous institutional portfolio management training in recognizing common factors, Mike explored the relationships he identified among clusters of assets in the absolute return space, and he continues to develop this framework as the point of departure for Signum today.
Mike holds an M.B.A. in Financial Management from the Sloan School of Management at M.I.T. and a B.A. in Finance from Georgetown University.