Agincourt Capital Management, LLC

INVESTMENT
UPDATES
February 2024
December 2023
November 2023
September 2023
older updates

REGULATORY DOCUMENTS
Form ADV Part 2A

ADV Part 3 - Form CRS Customer Relationship Summary

Investment Professionals

Ryon H. Acey, CFA

Director, Portfolio Manager

Ryon is a member of Agincourt's investment team and is a portfolio manager with over 20 years of investment experience. He concentrates on the mortgage/structured products market as well as quantitative portfolio analytics. His research responsibilities include the MBS/CMBS/ABS markets and real estate investment trusts. Ryon is a shareholder of the firm.

Previously, Ryon was with BB&T Capital Markets where he was a Vice President and supervisory credit analyst. He has earned the Chartered Financial Analyst designation. Ryon received a BS in Architecture from the University of Virginia, and an MBA from the University of Maryland.

L. Duncan Buoyer, CFA

Managing Director, Portfolio Manager

Duncan is a member of Agincourt's investment team and is a portfolio manager with over 30 years of experience. He is a generalist who has broad responsibilities for managing Agincourt's client portfolios. His focus is on sector allocation and security selection. He has responsibility for developing quantitative computer analytics programs, and he supervises all operations on Agincourt's trading desk. Duncan has client service duties and is shareholder of the firm.

Previously, Duncan was a portfolio manager for C&S Investment Advisors in Atlanta. He joined Sovran Capital Management in 1991, rising to the position of Senior Vice President in 1997. Duncan has earned the Chartered Financial Analyst designation. He received a BA in Chemistry from the University of North Carolina-Chapel Hill, and an MBA from Emory University.

J. Christopher Haberlin, CFA

Director, Investment Analyst

Chris is an investment analyst with over 15 years of investment experience. He concentrates on corporate and sub-sector strategies and company credit research. He is also responsible for determining relative valuation parameters.

Previously, Chris was with Davenport & Company where he was a Vice President and equity research analyst and with Wachovia Securities where he was a fixed income liaison. He has earned the Chartered Financial Analyst designation. Chris received a BA in International Relations from Randolph-Macon College, and an MBA from the University of Richmond.

Patrick K. Kelly, CFA

Managing Director, Portfolio Manager

Pat is a member of Agincourt's investment team and is a portfolio manager with over 30 years of investment experience. He is a generalist who has broad responsibilities for managing Agincourt's client portfolios. He focuses on economic/business cycle analysis, developing duration and yield curve strategies. Pat has credit and MBS/ABS research duties as well, and he authors all of the firm's client communications. He has significant client service duties, and is a shareholder of the firm.

Pat was previously a portfolio manager with First Union. He subsequently joined Wheat First Securities as a bond trader before moving to Smith Barney as an Institutional Fixed Income Specialist. He joined Sovran Capital in 1989, rising to the position of Senior Vice President in 1994. Pat has earned the Chartered Financial Analyst designation. He received a BS Economics and an MBA from Virginia Polytechnic Institute.

B. Scott Marshall, CFA

Director, Portfolio Manager

Scott is a member of Agincourt's investment team and is a portfolio manager with over 25 years of investment experience. He focuses on quantitative computer analytics and trading. His research responsibilities include portfolio and market models, the MBS/ABS market, and special situations. Scott is a shareholder of the firm.

Previously Scott was an equity trader and operations specialist with Trustco Capital in Atlanta. He joined Sovran Capital Management in 1997 as Manager of Operations, and was promoted to Assistant Vice President and portfolio analyst in 1998. Scott has earned the Chartered Financial Analyst designation. He received a BSBA in Finance from the University of Tennessee-Chattanooga.

William M. Armes, CFA

Director, Portfolio Manager

Bill is a member of Agincourt's investment team and is a portfolio manager with over 30 years of investment experience. He focuses on the mortgage market as well as quantitative portfolio analytics and structured finance. His research responsibilities include the MBS/ABS market, real estate investment trusts, and special situations. He has client service duties, and is a shareholder of the firm.

Previously Bill was a quantitative analyst for Salomon Brothers where he focused on mortgages, structured finance, and derivatives and prior to that managed a mortgage mutual fund for NCNB. He joined Sovran Capital Management in January 1997 as a Senior Vice President/Portfolio Manager. Bill has earned the Chartered Financial Analyst designation. He received a BS in Accounting from Pennsylvania State University and an MBA from Case Western Reserve University.

Shannon M. Hughes, CFA

Director, Portfolio Manager

Shannon is a member of Agincourt's investment team and is a portfolio manager with over 20 years of investment experience. She focuses on quantitative portfolio analytics and trading. She is a shareholder of the firm.

Previously, Shannon worked as an accountant for a food service company. She joined Agincourt in January 2000 as a Client Service/Marketing Analyst. She has earned the Chartered Financial Analyst designation. Shannon received a BS in Psychology from Virginia Commonwealth University.

Stacey L. Margolis

Director, Investment Analyst

Stacey is an investment analyst with over 20 years of investment experience. She concentrates on corporate and sub-sector strategies and company credit research. She is also responsible for determining relative valuation parameters.

Stacey started her career at Agincourt in the Operations Department after receiving her BS in Business Administration from Lehigh University. She has since received an MBA from Virginia Commonwealth University.

Patrick T. O'Hara, CFA

Managing Director,
Client Service/Marketing Manager

Patrick is a member of Agincourt's investment team and is the firm's Client Service/Marketing Manager with over 30 years of investment experience. He leads the marketing effort and oversees the firm's administrative/personnel responsibility. Patrick contributes on all of Agincourt's client communications, and is responsible for consultant communications. He has significant client service duties and is a shareholder of the firm.

Previously Patrick worked for a regional bank where he was responsible for marketing. He joined Sovran Capital in 1994 assuming the responsibility for marketing and consultant relations, rising to the position of Senior Vice President in 1997. He has earned the Chartered Financial Analyst designation. Patrick received his BS in Business Administration from the University of Richmond.

Catherine C. Temple

Director, Investment Analyst
and Risk Manager

Cathy is an investment analyst with over 25 years of investment experience. She concentrates on corporate and sub-sector strategies and company credit research, as well as determining relative value parameters. Additionally, Cathy contributes to the risk management effort with regard to business and compliance risk management. She is a shareholder of the firm.

Previously, Cathy was a commercial lender with First Union and subsequently promoted to Vice President Credit Risk Manager in the Capital Markets Group. She held the same title at BB&T before taking a position as an Equity Analyst within the Financial Institutions Group. She received her BS in Business Administration from the University of Richmond, and her MBA from Virginia Commonwealth University.