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Former Scottsdale, AZ, resident Jeff Drobny, CIO and principal at Black River Asset Management, is active with a variety of Catholic charities. Jeff Drobny belongs to Our Lady of Grace Church, a local parish in Edina, Minnesota, and often participates in charitable activities through the church.
Our Lady of Grace Catholic Church offers a wide range of ways members can enrich their lives, grow in their faith, and serve others. Dedicated to welcoming and supporting every member, the church maintains several pastoral care ministries designed to bring members together as a community. One ministry offered through Our Lady of Grace is Stephen Ministry, which enlists the help of lay people to provide one-on-one care and support to individuals facing difficulties in their life. Stephen Ministers at Our Lady of Grace provide support for such crises or difficulties as terminal illness, relocation, or divorce. Ministers receive at least 50 hours of training before seeing individuals in need and demonstrate a caring and dedicated nature. The ministry is confidential, and both the identity of the individuals seeking help and what takes place during the meetings are kept private.
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Investment professional Jeff Drobny, a native of Scottsdale, AZ, works for Minnesota-based Cargill, Inc. He also serves as a principal of Black River Asset Management LLC, a Cargill subsidiary that he helped found. In his leisure time, Jeff Drobny enjoys learning about Italian history.
Italy attracts visitors for a wide variety of reasons, from its world-famous cuisine and wines to its ancient history and architecture. The country also has a range of fascinating historical facts, some of which are listed below. 1. The University of Rome, also known as La Sapienza, dates back to the year 1303 and was established by the Catholic Church. 2. Italy likely derives its name from the Greek word “italos,” meaning “calf,” attributed to eighth-century Greek settlers. Another possible origin comes from Southern Italian tribes, whose symbol was the bull. 3. In the 1930s, Benito Mussolini began trying to eradicate foreign words from the Italian language, even renaming Disney characters, such as Mickey Mouse, who became known as Topolino. 4. Italy did not officially become a country until 1870, when all the city-states became united as a single nation. With more than 20 years’ experience in the financial industry, Jeff Drobny serves as a principal and an investment officer with Black River Asset Management. At this Hopkins, Minnesota, firm, Jeff Drobny assists clients by developing personalized and diversified investment strategies.
Black River Asset Management focuses on delivering institutional clients access to three primary core competencies: Commodity and Natural Resources, Emerging Markets, and Developed Fixed Income Markets. To read more log onto www.black-river.com. During a career that has spanned more than 20 years, Jeff Drobny has gained significant expertise in commodity trading, risk management, and bond arbitrage. Jeff Drobny established the company’s North American Fixed Income Arbitrage trading division.
Bond arbitrage is a technique most often used by municipalities looking to take advantage of a pricing difference between two markets, for instance, acquiring and investing in a debt security bond with a lower interest rate prior to the introduction of a higher rate. Bond arbitrage is particularly popular during periods of decline in bond yields and interest rates, though the process is only worthwhile if the difference between rates is significant. The tax exemption status attributed to most arbitraged bonds makes them especially attractive, though bonds can only remain exempt from taxation when all net sales and investment proceeds are put towards future projects. The cancellation or delay of said project can result in the bond’s forfeiting its tax-exempt status. |
AuthorJeff Drobny serves as a principal and a chief investment officer with Black River Asset Management, an investment company with 13 offices in 11 countries. Archives
September 2017
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