John W. Peavy III
Managing Director, Smith Group Asset Management, L.P.
Analysis Group Contact
D. Lee Heavner, Michael Beauregard
Education:
Ph.D., finance, the University of Texas at Arlington; M.B.A., international finance, the Wharton School of the University of Pennsylvania; CFA charterholder
Summary of Experience:
Dr. Peavy is an investment and portfolio manager with over 35 years of investment management experience. He has testified as an expert witness in more than 50 cases, addressing financial and investments issues such as asset valuation, portfolio management, and investment suitability. Dr. Peavy has been retained as an expert by major corporations and firms in banking, finance, insurance, energy, high technology, telecommunications, manufacturing, and professional services, as well as by public employee retirement funds and the Internal Revenue Service.
From July 1999 to July 2002, Dr. Peavy served as Chief Investment Officer of the Teacher Retirement System of Texas and was responsible for the investment of approximately $80 billion in retirement assets, including a $2.5 billion private equity program and a $1 billion hedge fund program, for more than one million plan participants.
Dr. Peavy serves on several boards of directors, boards of trustees, and investment advisory boards. He also serves as Professor of Professional Practices in Finance at the M.J. Neeley School of Business at Texas Christian University, and as a senior fellow at the EnCap Investments & LCM Group Alternative Assets Center at Southern Methodist University. Dr. Peavy is an associate editor of the Journal of Investing, and has authored five books and more than 60 articles, monographs, and case studies on investments, valuation, and portfolio management.