Thursday, May 29, 2008

Native American Minors Trust Funds

In our work across Indian Country I'm always saddened when I present our firm to Tribes who "manage" Minors Trust fund assets in stock portfolio's that are managed on a "relative" basis versus an "absolute" basis.

It is a huge waste of money for the children in the future and a huge lost "opportunity cost" in fighting back to get "even" for the money manager. It is unnecessary and almost evil for the kids who need it the most and the vast majority of Tribal asset managers haven't a clue of what I am talking about. That's scary in itself.

As a long/short manager who manages our methodology on an "absolute" basis it almost makes me cry when I try to talk to Tribal overseers who don't know and don't seem to care.

Once again, Native kids being left behind from the get-go.

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Native American Advisors CHIPPEWA PARTNERS

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CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173