2018 Hall of Fame

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2018 Hall of Fame

Hall of Fame in Review

John McQuown Acceptance Speech

Mary Miller Acceptance Speech

Mark Shenkman Acceptance Speech

View photos from the recent Hall of Fame reception by clicking the image below.

Hall of Fame Gallery

Mary MillerMary John Miller served as the U.S. Treasury’s Under Secretary for Domestic Finance from March 2012 to September 2014. She was responsible for Treasury debt management, fiscal operations, recovery from the financial crisis, and implementation of the Dodd-Frank financial reform legislation. From February 2010 to March 2012, she served as Assistant Secretary for Financial Markets, where she was responsible for conducting Treasury auctions and monitoring all financial markets for the Treasury Secretary. She was confirmed by the U.S. Senate to serve in both positions. On her retirement from the Treasury she received the Alexander Hamilton Award for Distinguished Service.

Prior to her public service, Ms. Miller spent 26 years in the investment management industry with the T. Rowe Price Group in Baltimore, MD. She was the Director of the Fixed Income Division from 2004 through 2009. She also served on the firm’s Management Committee, Asset Allocation Committee, and as a trustee of the T. Rowe Price Foundation.

Ms. Miller currently serves as a director on the boards of the Silicon Valley Bank Financial Group (Santa Clara, CA) and The Jeffrey Company (Columbus, OH). From 2014 to 2018 she also served as a director of ICE Benchmark Administration in London. In addition, she is a trustee of Cornell University (Ithaca, NY) and The Urban Institute (Washington, DC), and a senior fellow at The Johns Hopkins University 21st Century Cities Initiative (Baltimore, MD).

Ms. Miller earned a B.A. from Cornell University and a Master of City and Regional Planning from the University of North Carolina at Chapel Hill. She is also a Chartered Financial Analyst. She resides in Baltimore, MD and is married with two sons.

Mark SchenkmanMark R. Shenkman founded Shenkman Capital Management, Inc. III 1985, one of the first independent high yield investment managers. He serves as the firm's Chairman, President and Co-Chief Investment Officer. With 48 years of investment experience, 40 years of which have been focused on leveraged finance, he is considered one of the original pioneers of the high yield bond and loan markets. He began investing in high yield securities in 1977 as the portfolio manager of Fidelity's first high yield bond mutual fund. He established one of Wall Street's earliest departments dedicated to the research, selling and trading of high yield securities at Lehman Brothers Kuhn Loeb in New York as Vice President of the High Yield Bond Department. Prior to founding Shenkman Capital, he was President and Chief Investment Officer of First Investors Asset Management in New York, which managed the largest high yield mutual fund at the time.

He is a co-author of two textbooks on the high yield market, entitled High Yield Bonds: Market Structure, Portfolio Management and Credit Risk Modeling (McGraw Hill, 1999) and Leveraged Financial Markets (McGraw Hill, 2010).

Additionally, Mr. Shenkman is actively involved in not-for-profit and philanthropic activities, including as an Emeritus member of the Board of Directors of the University of Connecticut Foundation and former Chairman of the Board; a Board of Trustee Emeritus at The George Washington University; Vice Chairman of the Board at Wilbraham & Monson Academy since 1969; and as a Board of Advisor Emeritus at the College of William and Mary, Mason School of Business. He is currently the Treasurer of the Union League Club of New York.

Mr. Shenkman received a BA in Political Science from the University of Connecticut (1965) and an MBA from The George Washington University (1967). He served as a First Lieutenant in the U.S. Army Computers Systems Command (1967-1969). Mr. Shenkman also received a Doctor of Humane Letters, honoris causa, from the University of Connecticut (2007).

John "Mac" McQuown Throughout his long career John “Mac” McQuown has been involved with many entrepreneurial endeavors. Notable among these are the following:

Dimensional Fund Advisors, Austin TX, co-founder and Director, 1981-- present: created “second generation passively managed” equity funds, including the first small-cap and value equity investment strategies via registered mutual funds. These funds, and separate accounts, invest in over 20 thousand equities domiciled in over 30 nations; proprietary distribution through fee-only independent advisors in U.S., Canada, U.K., Europe, Chile, Australia, Singapore, Hong Kong, and Japan. Asset under management (summer of 2017): $518 billion.

Diversified Credit Investments, San Francisco, co-founder and Director, 2004 – present: investment manager of “super-diversified high Sharpe ratio” portfolios of corporate credit risk for major financial institutions around the globe, utilizing analytics evolved from options pricing and modern portfolio theories.

Stone Edge Farm Estate Vineyards and Winery, Carriger Road, Sonoma,  CA, Co-founded with wife Leslie in 1995:  grower and vintner of organically farmed Bordeaux-styled red table wines, olive oil, heirloom vegetables. Includes Silver Cloud Vineyard, and “private” restaurant, EDGE, in downtown Sonoma for wine-clientelle.

Visa Advisors (including dba eBond Advisors), New York City: co-founder and director 2010 to present: Devised a new form of corporate bond that incorporates the right (but not the obligation) of any investor in the bond to “exchange” the bond for a default-free bond of the same issuer and maturity when combined with a centrally-cleared Credit Default Swap, with markets made in the exchanged bond as well. New bond expected to reach the market in 2017.

KMV, San Francisco, co-founder and Chairman, 1989 – 2003: strategy, marketing, client service of firm providing corporate credit analytics to global financial institutions via the internet, that entailed proprietary extensions of options pricing theory and portfolio theory. Firm was sold to Moody’s in 2002.

Loan Performance (formerly Mortgage Information Co.), San Francisco, co-founder and Director 1988 – 2005: aggregated comprehensive data on consumer mortgage loans from originating and servicing financial institutions in the US, and in turn provided the data via the internet with analytics to several hundred mortgage market participants; by 2005 provided information derived from over 40 million individual mortgages in the monthly updated data base. Firm sold to First American in 2005.

Charles Schwab, San Francisco, Consultant 1988 – 1990: in conjunction with Dimensional Fund Advisors created Schwab 1000 index, and related index funds.

Wells Fargo Bank, San Francisco, founder and Director of Management Sciences Group, 1964 – 1974: internal “think tank” reporting to CEO. Overall responsibility for creating the world’s first equity index funds; immersed in the measurement of corporate credit risk; researched economics and strategies for retail distribution of financial services. Co-founder and first Chairman of Wells Fargo Investment Advisors that became Barclays Global Investors, which was sold to BlackRock.

Pro bono:

  • Advisory Council, Scripps Institution of Oceanography at UCSD;
  • Advisory Council, University of Chicago Booth School of Business; Director,
  • TRAC II (institute for citizens diplomacy) affiliate of Esalen Institute, Big Sur, CA.


  • Harvard Business School, MBA Finance, 1961
  • U. S. Naval Officer, Chief Engineer USS Wiltsie (DD 716), 1957-59
  • Northwestern University, BS Mechanical Engineering, 1957


FIASI's 23nd Annual Hall of Fame

Induction Ceremony & Dinner


John "Mac" McQuown
Co-founder of Diversified Credit Investments

Mary J. Miller
Former Under Secretary for Domestic Finance at the U.S. Treasury
Former Director of Fixed Income at T. Rowe Price Group

Mark R. Shenkman
Founder and President of Shenkman Capital Management, Inc.

Thursday, June 14, 2018 | 6:00 - 9:30 PM
The Roosevelt Hotel | Palm Room - Lobby Level | 45th Street & Madison Avenue | NYC 

Learn more about past Hall of Fame honorees!

The Fixed Income Analysts Society, founded in 1975, is a not-for-profit professional organization dedicated to the education of its membership and the fixed income community at large.  FIASI serves its members by sponsoring educational programs and workshops covering topics of current interest and presented by distinguished industry leaders. The organization also provides valuable networking and mentoring benefits for its members as well as students aspiring to careers in fixed income. At its annual Hall of Fame induction ceremony, FIASI celebrates the lifetime achievements of Fixed Income industry visionaries.

Corporate Sustaining Members

Moody's Credit Outlook

Moody's Credit Outlook report is available here. Published Monday and Thursday mornings, Moody's Credit Outlook provides you with the credit implications of current events.