Board of Visitors
Founder and Chief Investment Officer
Potomac River Capital LLC
In 2007, Mr. Spindel launched Potomac River Capital LLC, a Washington-based, registered investment adviser. His firm specialized in managing global macro hedge funds with a specific focus on the intersection of macro-economics, central bank policy and capital markets. The firm’s assets peaked near $800m and after a decade has been wound down to focus on personal investments, economic policy and political analysis.
Prior to launching Potomac River, Mr. Spindel spent nearly ten years at the World Bank where he was Deputy Treasurer and CIO of the International Finance Corporation managing $15bn in reserves. Mr. Spindel was simultaneously a member of the Board of Trustees of the World Bank’s $14bn pension fund where he helped oversee strategic asset allocation across all investment classes. Before the World Bank, Mr. Spindel helped establish ABN AMRO’s UK Asset Management company and prior to that, began his career at Salomon Brothers where he was ultimately a senior portfolio manager in their asset management subsidiary.
Mr. Spindel continues to advise pension funds, financial institutions, hedge funds and central banks on a variety of investment, asset-liability and quantitative risk management issues. He is among the most experienced investors in inflation-linked bonds and speaks regularly on portfolio management issues. His research on the Federal Reserve has culminated in his award-winning book with Professor Sarah Binder (George Washington University / Brookings) about the relationship between Congress and the Fed (The Myth of Independence, Princeton University Press, 2017).
He received his BS degree from Cornell University in Operations Research and Industrial Engineering (1987).