Strategas is a global institutional brokerage and advisory firm. We provide macro research, capital markets and corporate advisory services, and financial products to institutional investors and corporate executives in more than twenty countries around the world.
Strategas was founded in 2006 by Jason DeSena Trennert, Nicholas Bohnsack and Don Rissmiller. We are committed to providing superior services in the old Wall Street tradition. Our motto – bonitas, probitas, fides (class, integrity, faith) – guides both the management of our firm and our commitment to our clients.
We undertake securities business in the name of our wholly-owned broker-dealer subsidiary, Strategas Securities, LLC. Within our Financial Products business, we develop managed strategies for family offices and ultra- and high-net-worth advisors through Strategas Asset Management, LLC, a registered investment advisor, and manage two special opportunity limited partnerships through Strategas Capital Partners, LLC, an alternative growth equity manager.
Our firm has 11 partners and 50 research analysts, institutional salespeople and sales traders, and capital markets professionals working from offices in New York, Washington, D.C., and Columbus, Ohio. We are fortunate to count some of the world’s premier corporations, institutional investors, financial sponsors and governments among our clients.
Our Partnership With Baird
In January 2018, Strategas formed a partnership with Baird, an employee-owned global financial services firm with a demonstrated commitment to institutional equities. Baird is nationally recognized as a great place to work and fosters a culture based on one powerful principle: keeping clients first.
This partnership, while enabling Strategas to remain an independent broker-dealer, provides Strategas with the strength, support and complementary capabilities of a leading financial partner. Baird’s award-winning equity research platform is highly complementary to our macro research offering.
In addition to equity research, Baird provides private wealth management, asset management, fixed income trading, and public finance advice and services across the United States. Baird also offers investment banking, private equity, and institutional sales and trading around the world.
WHO Do the Who’s Who in Finance and Investing Look To?
WHY is Macro So Big? Because it’s Not Just Data. It’s Insight.
WHAT Lies Beyond Great Research? The Great Big World.
WHEN Our Firm Is Your Asset Manager, What Should You Expect?
For information please contact us at (212) 906-0130 in New York; (202) 223-7646 in Washington; (614) 221-6680 in Columbus or, via email at firstname.lastname@example.org
Partners & Officers
Jason DeSena Trennert Managing Partner
Chief Executive Officer
Nicholas Bohnsack Partner
Chief Operating Officer
Donald J. Rissmiller Partner
Vice Chairman &
Chief Research Officer
Eileen Gabay Partner
Chief Administrative Officer &
Chief Compliance Officer
Dan Clifton Partner
Head of Washington Office
Christopher Verrone, CMT Partner
Robert K. DiFazio Partner
Robert Adrian Partner
R. Aaron Long Partner
Larry Castellani, Jr. Partner
John Ghize Partner
Mark Godofsky Executive Director
Chief Financial Officer
Mr. Trennert is the Chairman and Chief Executive Officer of Strategas and its related companies. In addition, as Chief Investment Strategist, Mr. Trennert is known as one of Wall Street's top thought leaders on the subject of markets and economic policy. His research pieces are read by leading institutional investors and corporate executives across the globe.
In 2006, Mr. Trennert co-founded Strategas, which originally began with just five employees. Today, the firm employs over fifty research analysts, institutional salesmen, and sales traders at its offices in New York, Washington D.C., and Columbus, Ohio. Prior to founding Strategas, Mr. Trennert was the Chief Investment Strategist and a Senior Managing Director at International Strategy & Investment (ISI) Group where he built and oversaw two of that Firm's most popular research efforts, its Company Surveys and Investment Strategy groups.
Widely quoted in the domestic and foreign press, Jason is a regular guest host on CNBC's "Squawk Box" and "Bloomberg Surveillance" with Tom Keene. He is the author of three books about investing and the investment business. My Side of the Street was published by St. Martin's Press in May 2015.
He was the Treasurer of La Scuola d'Italia where he built its investment committee. He is a member of the Board of Governors of The Columbus Citizens Foundation and a member of the investment committee of the Rockefeller Brothers Fund.
He has an MBA from The Wharton School at the University of Pennsylvania and BS in International Economics from Georgetown University.
Mr. Rissmiller is a founding Partner of Strategas and has directed the Firm's macroeconomic research efforts since 2006. He oversees Strategas' thematic research as well as high-frequency econometric forecasting.
Prior to co-founding Strategas in 2006, Mr. Rissmiller was an Economist and Managing Director at International Strategy & Investment (ISI) Group. Before joining ISI, he worked at the Federal Reserve Bank of New York, focusing on the analysis of U.S. macroeconomic data and price/wage forecasting models. He is frequently quoted in the financial press. He has been the president of the Forecasters Club of New York, a local group of economists. He serves on the board of the Global Interdependence Center (GIC) based in Philadelphia.
Mr. Rissmiller's research has been recognized by Institutional Investor magazine in their annual survey: he was ranked best up and coming economist in 2008, and was 3rd in their 2009 All-America Independent Research Team survey. Mr. Rissmiller holds an AB magna cum laude in Economics from Harvard.
Daniel Clifton is a Partner and Head of Policy Research for Strategas Research Partners. In this capacity, Mr. Clifton evaluates government policy initiatives and its impact on the US and global economies, equity and bond markets for institutional investors. Daniel and his team have been recognized by Institutional Investor magazine in their annual survey for the past seven years. His research and political analysis on the interaction between legislation, policy and equity markets is often cited in the media. Dan is also a frequent guest on CNBC, Bloomberg, and Fox Business News.
Prior to joining Strategas, Mr. Clifton was Executive Director of the American Shareholders Association (ASA), a non-partisan, non-profit organization which analyzes public policy affecting shareholders. In this capacity, Daniel was one of the lead lobbyists on the successful efforts to lower capital gains and dividend tax rates to 15 percent, a repatriation tax holiday on foreign source revenue, and reform of the nation’s pension system. Prior to joining ASA, Mr. Clifton was Federal Affairs Manager for Americans for Tax Reform and served as a senior staff member in two gubernatorial administrations working on economic and fiscal policy issues. Daniel has also worked in various capacities on elections at federal, state, and local levels. Mr. Clifton received both his BA in Urban Planning and his MS in Public Policy from Rutgers University where he was a Fellow at the Eagleton Institute of Politics and a Harold Martin Fellow for Public Policy.
Mr. Verrone is a partner of Strategas. He is the head of the Firm’s Technical Analysis Research team. His regularly published research highlights actionable investment opportunities across the equity, commodity, foreign exchange, and fixed income markets. In addition, Mr. Verrone actively works with the Firm's institutional clients to provide bespoke analysis on individual securities.
Chris is a frequent guest on CNBC, FOX Business, and Bloomberg Television, and is often quoted in the domestic and foreign financial press. He is consistently ranked among the top Technical Analysts on Wall Street in the annual All-America Research Survey by Institutional Investor magazine.
Mr. Verrone has earned the Chartered Market Technician (CMT) designation and is a member of the Market Technicians Association. Prior to joining Strategas, Mr. Verrone worked with the Economics team at International Strategy & Investment (ISI) Group and at the Foreign Policy Research Institute. Chris holds a MA in Comparative Politics from Villanova University and a BA in International Political Economy, also from Villanova. He is also active with the Delbarton School Alumni Association. Chris and his wife, Caroline, reside in New York City.
Mr. Bohnsack is co-founder and partner of Strategas. He is the President and Chief Operating Officer of the Firm and heads the Firm’s Institutional Securities and Financial Solutions business groups.
As an analyst, Mr. Bohnsack is head of Strategas’ Quantitative Research team and directs the Firm's equity sector strategy and global asset allocation research efforts. More granularly he and his team focus on industry-level earnings and valuation forecasting and fundamental factor analysis to assist institutional investors in portfolio construction and thematic idea generation. He has been a regular guest on business news programs and has been widely quoted in the domestic and foreign press, particularly for his work on corporate profits and market valuation.
Prior to co-founding Strategas, Nicholas was an Investment Strategist and Associate Managing Director with International Strategy & Investment (ISI) Group. Nicholas began his career in the Investment Banking Group at FactSet and in Restricted Securities at Morgan Stanley.
Mr. Bohnsack received his MS in Mathematics from Fairfield University and received bachelor's degrees in Economics and Finance from Bryant University. He is a member of the Board of Advisors at Bryant University's College of Business. Nicholas and his wife, Brooke, live in Connecticut with their three sons.
Mr. Ore is a Director and Head of Industry Surveys at Strategas with responsibility for construction of internal indices, analysis of external surveys, and assisting clients in identifying global trends in manufacturing and services.
Following his career as a supply manager for Fortune 250 companies, he has been a successful entrepreneur, business process consultant, and an advocate for small-disadvantaged businesses. As an acknowledged leader in supply chain management, he has attained the status of Certified Professional in Supply Management (CPSM) and Certified Purchasing Manager (C.P.M.).
Additionally, he is a winner of the prestigious J. Shipman Gold Medal, which is presented for leadership in the field. He is best known for his work as the Chair of the ISM Manufacturing Report on Business ®, the monthly economic report recognized as a leading indicator of the U.S. economy.
During Mr. Ore's 15 years as chair, he introduced business survey analysis to numerous organizations in the U.S. and internationally. He has also been instrumental in the establishment of similar surveys, most recently in Taiwan. He holds an undergraduate degree in business and a master's degree in organizational management.
Mr. Tzitzouris is a Director at Strategas, directing the Firm's fixed income research efforts. His work touches on all aspects of broad market fixed income strategy, as well as clients' asset/liability management needs.
His focus includes interest rate and credit term structure strategies, callable bond analysis, sector relative value research, and valuation analysis for Treasury, Agency, and high grade corporates.
Prior to joining Strategas, Mr. Tzitzouris worked as a senior analyst at Fannie Mae, leading Fannie's independent debt valuation team, and had previously spent time as a debt and derivatives analyst at Freddie Mac.
Mr. Tzitzouris began his career as a quantitative research analyst with JPMorgan Asset Management's fixed income group. Mr. Tzitzouris holds an MS in Mathematics from Fairfield University, an MA in Economics from George Mason University, and a BS in Finance from Bryant University.
Robert Adrian Partner
Umberto Alicea Associate
Senior Systems Administrator
Patrick J. Alwell Managing Director
Dannell Anthony Vice President
Adam Barabell Director
Robert Belinky Managing Director
Head of Institutional Sales
Europe and Middle East
Nicholas Bohnsack Partner
Chief Operating Officer
Michael Brangan Director
Joseph F Bruno Associate
Institutional Sales &
Recognizing that institutional investors have no shortage of options when it comes to investment research, Strategas works hard to distill, thoughtfully and concisely, complex investment concepts into easily understandable and actionable ideas and themes for investors of all styles and time horizons every day. Through frequent client visits and customized research solutions, the Firm actively seeks to go beyond its written research reports.
Firms are generally only as strong as their weakest links. Strategas is committed to establishing processes to maintain the highest level of quality in all areas – its people, its research, and its client service.
Strategas believes that its successes, failures, and sacrifices should be shared at all levels of the firm. The Firm is committed to transparency between the Partnership and the Firm's Associates with respect to the Firm's mission and developments which affect the future of the business.
Strategas will be committed to excellence but never at the expense of its guiding principles and values in the way it treats its customers, its associates, and its vendors. The Firm seeks success, but not at the expense of its respect for the individual.
What's A Strategas?
Of all the frequently asked questions we get on the road, the one we've received the most since we started the Firm has to do with the derivation of our company name and logo. Most people are kind in their questioning, but more than a few have been less than shy in their bewilderment. A master of nuance, Joe Kernen of CNBC said on the air, "Jason, you've been dreaming of starting your own company your whole life and this is what you came up with?" Similarly, a friend and paying client in Texas asked bluntly, "what the $%*& is a strategas?"
And so we'd like to explain once and for all how we came up with our rather unique name. Few know that the word 'strategy' is derived from the Greek word 'strategos' which means 'general'. In Athenian Democracy, the strategoi stood between the elected officials and its military leaders to provide counsel in balancing the needs of protecting individual liberties while, at the same time, providing for the overall security of the state. Satisfied that we had found a name that had real meaning and the requisite pretension of antiquity, we had decided, perhaps naively that 'Strategos' was as good as we were going to get. In the 11th hour, however, our lawyers informed us that to name the firm 'Strategos' could invite trademark litigation. Having invested some time in the decision and becoming attached to the logo of the warrior we now affectionately call 'Gus', we asked our lawyers to find a vowel that would complete the word 'strateg_s' without inviting legal action. They came up with 'strategas' which, at that point was close enough for us and was aesthetically pleasing when using Greek lettering. There is a certain irony and sadness in the fact that, in the post-industrial and litigious society in which we live, we essentially had to choose a name that was so devoid of meaning to actually steer clear of a lawsuit. In any event, the name has been a source of amusement among our clients and friends. And, as the saying goes, "we don't care what you call us, as long as you call us."
Strategas Research Partners is a leading institutional brokerage firm focused on providing macro research and capital market services to a wide range of institutional investors and corporations.
The Firm seeks highly motivated candidates, with entrepreneurial attitudes, for roles in our research department, with our institutional sales team, and on our trading desk.
Qualified candidates can submit both a cover letter and resume to email@example.com to be considered for a role. Only direct submissions will be accepted and considered; please no recruiter inquiries.
The Poppy Project
By Jason DeSena Trennert
During my many trips to London and Canada, I noticed the ubiquity of red poppies to celebrate fallen servicemen. Ignorant of the custom and curious, I learned upon further investigation that the provenance of the custom is the searingly beautiful poem In Flanders Fields by Canadian physician and Lieutenant Colonel John McCrae during the Great War. Moina Michael popularized the tradition of selling these poppies as a means of raising funds to assist disabled veterans in the U.S. Ironically, wearing red poppies in remembrance of the fallen was as popular in the U.S. as it was in Canada and in the U.K. until Memorial Day officially became national holiday in 1966. At Strategas, we resolved to bring the custom back in our corner of the world and send clients poppies every year remember those who made the ultimate sacrifice.
Between the crosses, row on row,
That mark our place; and in the sky
The larks, still bravely singing, fly
Scarce heard amid the guns below.
We are the Dead. Short days ago
We lived, felt dawn, saw sunset glow,
Loved and were loved, and now we lie,
In Flanders fields.
Take up our quarrel with the foe:
To you from failing hands we throw
The torch; be yours to hold it high.
If ye break faith with us who die
We shall not sleep, though poppies grow
In Flanders fields.