Founder, chief investment officer and head of investment management business (1981-2021) of PFM Asset Management LLC which grew to $150 billion of assets under management in fixed income and multi-asset strategies,. I led several firsts in the industry, including creating the first grass roots local government investment pool, the first state-sponsored pool to invest municipal bond proceeds in compliance with the tax arbitrage regulations, and the creation of a robust national separate account management business. With the sale of this business at the end of 2021 I founded the Public Funds Investment Institute, a non profit organization dedicated to providing public funds investors with i