Van Hoisington and Lacy Hunt

Van Hoisington is the President and Chief Investment Officer of Hoisington Investment Management Company, a firm with nearly $6 billion in fixed income assets under management for insurance companies, endowments, pension plans, and charitable organizations. The firm also manages the Wasatch-Hoisington U.S. Treasury Fund. Van started Hoisington Investment Management Company in 1980 after serving as Executive Vice President at Texas Commerce Bancshares in Houston. Previously, he was an economist with the United California Bank in Los Angeles. He received his Bachelor of Arts degree from the University of Kansas in 1962 and his master’s degree in business from Fort Hays Kansas University in 1970.

Van has been a guest speaker at the CFA Institute’s Annual and Fixed Income Conferences and is published in the CFA Institute Conference Proceedings Quarterly. He was featured in the August 7, 2010 edition of the Wall Street Journal, where it was noted that the firm had outperformed the bond and stock market indices for the past twenty years. He was also highlighted in the December 2011, July 2005 and April 2000 issues of Barron’s as an outstanding bond and mutual fund manager, and recognized in the July 2007 and September 2004 issue of Forbes. He has been recognized in various other publications including Institutional Investor, Smart Money, the New York Post, Pensions & Investments, and Fortune magazine, as well as the online publications CNNMoney.com and Forbes.com. He appeared as a special guest on Louis Rukeyser’s Wall Street Week, and is a frequent speaker at Grant’s Interest Rate Observer conferences.

Dr. Lacy H. Hunt, an internationally known economist, is Executive Vice President of Hoisington Investment Management Company (HIMCO), a firm that manages nearly $6 billion for pension funds, endowments, insurance companies and others. He is Vice-Chairman of HIMCO’s strategic investment policy committee and also Chief Economist for the Wasatch Hoisington Treasury Bond Fund.

Lacy Hunt is the author of two books, and numerous articles in leading magazines, periodicals and scholarly journals. Included among the publishers of his articles are. Barron’s, The Wall Street Journal, The New York Times, the Journal of Finance, the Financial Analysts Journal and the Journal of Portfolio Management. Previously, he was Chief U.S. Economist for the HSBC Group, one of the world’s largest banks. A native Texan, Dr. Hunt also served as Senior Economist for the Federal Reserve Bank of Dallas.

He earned his BA from the University of the South (1964), his MBA from the Wharton School of the University of Pennsylvania (1966), and his Ph.D. in Economics from the Fox School of Business and Management of Temple University (1969). Dr. Hunt is an Honorary Life Trustee of the Board of Trustees of Temple University and served on the Board from 1987 until 2010. He received the Abramson Award from the National Association for Business Economics for “outstanding contributions in the field of business economics.”

 

Deflation Research & Commentary by Van Hoisington & Lacy Hunt

  • Debt Deflation Versus Price Deflation

    07

    This essay was originally published in Hoisington Investment Management Quarterly Review and Outlook, Fourth Quarter 2002 Balance Sheet Strains Restrict Economic Growth Efforts to make debt more manageable in the private sector will limit the growth in real GDP to a 0-2% range in 2003. At the end of September 2002, U.S. private sector debt […]

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  • Twenty Year Periods with a Negative Risk Premium

    03

    …The inflation rate, the dividend yield relative to the yield on Treasury bonds, and the P/E ratio suggest that we are coming into a time when stock returns will be considerably diminished relative to the return on bonds…Over very long periods of time stocks must outperform bonds, because investors must be rewarded for riskier assets, […]

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  • Ponzi Finance

    04

    This excerpt was originally published in Hoisington Investment Management Company’s Quarterly Review and Outlook, Third Quarter 2009. The Federal Reserve reported that as of June 30, 2009 total U.S. debt was $52.8 trillion. Total U.S. debt includes government, corporate and consumer debt. Importantly, however, it does not include a few trillion in “off balance sheet” […]

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