Thomas Krouse, CFA is the ONLY candidate for Carlsbad City Treasurer
with ANY professional direct investment management experience
Carlsbad deserves a City Treasurer with experience that is relevant to the primary duty of the position - to manage Carlsbad's $900 million capital reserve investment funds.
Please consider voting for me, Thomas Krouse, Jr., CFA - the only candidate to have experience as a professional investment portfolio manager.
In addition, I have been an S.E.C. Registered Investment Adviser, the CEO of two S.E.C. Registered Investment Adviser firms, and the Chief Operating Officer at hedge funds with as much as $1.2 billion in invested portfolio assets.
Please feel free to reach out to me here on Facebook, on LinkedIn, via email, or by phone.
Thank you for your consideration,
~Thomas
Role of the Carlsbad Treasurer
Unlike a "Treasurer" role in other cities and at non-profit organizations, Carlsbad's City Treasurer is essentially the Chief Investment Officer for Carlsbad's reserve funds which now total over $900 million. Carlsbad's Treasurer needs to invest these funds prudently with minimal risk while still attempting to earn a great enough return to offset the loss of purchasing power due to inflation.
Carlsbad's Treasurer also must provide transparency to the residents of Carlsbad and to the City Council and staff regarding the investment performance and securities inventory of the reserve accounts on at least a monthly basis.
Qualification Requirements
Carlsbad has only basic statutory requirements to qualify for the ballot to run for City Treasurer, but the position is best filled by a career investment professional who has the experience and insight to ensure that Carlsbad’s reserve and fund accounts are prudently invested.
Orange County famously went bankrupt in 1994 due to the mismanagement of its investment portfolio – Carlsbad must never allow that to happen. Recently, however, the Carlsbad Treasurer incurred over $30 million in mark-to-market losses in just one fiscal year.