Clients benefit from Shelton’s team-based approach and direct access to our portfolio managers.
Head of Fixed Income and Sr. Portfolio Manager
Peter Higgins
Portfolio Manager
Jeffrey Rosenkranz
Head of Fixed Income and Sr. Portfolio Manager
Peter Higgins
Peter Higgins has over 25 years of experience in fixed income investing, most notably as Partner and Lead Portfolio Manager at both Ares Management and BlueBay Asset Management. Previously, Peter specialized in global leveraged finance at investment banks such as Deutsche Bank AG, Goldman Sachs & Co. and Credit Suisse in both London, England, and New York City. Peter earned a bachelor’s degree in Economics-Political Science from Columbia University.
Portfolio Manager
Jeffrey Rosenkranz
Jeffrey Rosenkranz is a Portfolio Manager for the Shelton Tactical Credit Fund and the Firm’s fixed income separately managed accounts. Jeffrey has over 23 years of experience investing in the credit markets, with an emphasis in high yield, distressed debt and special situations. Prior to joining Shelton Capital, he worked at Cedar Ridge Partners, LLC, Cooperstown Capital Management, Durham Asset Management, Ernst & Young LLP and The Delaware Bay Company. He earned an MBA from the Stern School of Business at New York University and received a B.A. from Duke University.
The aggregate bond portfolio strategy is actively managed and for clients seeking a core fixed income approach that maximizes the diversification benefits of high-quality fixed income assets relative to equity investments. Portfolios are invested in highly liquid, investment grade securities, with an average credit quality rating of AA.
The intermediate aggregate bond portfolio strategy is actively managed and for clients seeking a more conservative fixed income approach than a core bond product. Portfolios are invested in highly liquid, investment grade securities, with final expected maturities no greater than 10 years.
The low volatility bond portfolio strategy is actively managed and for clients seeking a more reliable source of current income than short-term investments, such as money markets or CD’s with sustainability less principal volatility than the broad bond market average. Portfolios are invested in highly liquid, investment grade securities, with a maximum expected maturity of approximately three years.
The corporate bond portfolio strategy is actively managed to seek total return, including interest income and capital price appreciation, across investment grade-rated and high yield-rated corporate bonds. The team focuses on market technicals, macro-economic fundamentals, and issuer fundamentals to target a portfolio with a low investment grade rating over the credit cycle. We seek a risk-adjusted return, commensurate with a client’s stated objectives. The portfolios are constructed with registered bonds, unless the client is a QIB, and populated with targeted securities taking into account various factors, such as credit risk, interest rate risk, and duration risk. Compared to investment grade securities, high yield securities carry additional risks.
The ESG municipal bond portfolio strategy is an actively managed, income-oriented strategy seeking to hold investment-grade, intermediate maturity and tax-exempt municipal bonds. These bonds are fixed income debt instruments issued to support a public purpose and finance infrastructure that improves communities like utilities, roads and schools in the United States. Portfolio construction targets are used to seek risk-adjusted returns based on client parameters.
Municipal securities accounts may also include green bonds that finance projects considered to be environmentally sustainable and/or focused on environmental solutions, such as clean water delivery and treatment, resource conservation, mass transit systems, renewable energy and climate-resistant infrastructure to advance sustainability in the public arena.
For clients seeking to maximize income exempt from federal taxes, an actively managed separate account of municipal securities issued by state and local governments can be created based on the specific risk and return objectives of a client.
For clients seeking steady cash flows and reduced volatility, a laddered portfolio with consistent reinvestment can be customized for each client.
The ESG fixed income portfolio strategy is an actively managed, income oriented strategy seeking to hold investment-grade, intermediate maturity corporate, agency, municipal, government, and other bonds that pay taxable interest and raise capital for green products, resource conservation, mass transit equipment, renewable energy and climate-resistant infrastructure to advance sustainability in the public and private sectors while providing competitive risk-adjusted returns.
For clients seeking steady cash flows and reduced volatility, a laddered portfolio with consistent reinvestment can be customized for clients.
The ESG corporate bond portfolio strategy is actively managed to seek total return, including interest income and capital price appreciation, across investment grade-rated and high yield-rated corporate bonds. The portfolio management team seeks to integrate bond investing with ESG principles consistent with a client’s objectives.
The team focuses on market technicals, macro-economic fundamentals, and issuer fundamentals to target a portfolio with an overall low investment grade rating over the credit cycle, notwithstanding the higher risks presented by the inclusion of lower rated high yield securities. Through active management, we seek a risk-adjusted return, commensurate with a client’s stated objectives. The portfolios are constructed with registered bonds, unless the client is a QIB, and populated with targeted securities taking into account various factors, such as credit risk, interest rate risk, and duration risk. Compared to investment grade securities, high yield securities carry additional risks.
The tactical credit strategy is differentiated from the corporate bond portfolio strategy in that we actively manage fixed income credit total return with a particular focus on building portfolios combining investment grade and high yield municipal bonds and investment grade and high yield corporate bonds. The strategy will hold both of these classes of fixed income securities at all times. The advantages of combining corporate and municipal bond investments in this way, allows investors to take advantage of both market technicals and fundamentals in order to maximize risk-adjusted returns across macro, credit and interest rate cycles. Compared to investment grade securities, high yield securities carry additional risks.
Additionally, the tactical credit strategy is differentiated from the corporate bond portfolio strategy in that it may engage in short investment strategies as a component of seeking above market total investment returns.
The investment team uses a combined “top down/ bottom up” approach when making investment decisions. We believe any sound fixed income investment process must begin with a view of the overall macroeconomic environment, including Federal Reserve policy, interest rate and spread forecast, and business cycle. Our macro trend analysis focuses on general economic conditions in the U.S. and globally, where economies (and specific investing sectors) are in the business and economic cycle, and what trends and current conditions are being priced into the fixed income markets at any given time. In addition, we analyze and predict central bank actions and policies and how they will likely affect the market. We then focus on how to optimally take advantage of that view within our core investing sectors in order to populate a “best ideas” portfolio of securities.
We seek to generate above market total investment returns from both positive net investment income and correct assessments on credits capable of generating capital price appreciation across both long and short risk positions.
Contact Institutional Sales Team For More Information
We have a team of professionals dedicated to supporting the needs of our advisor clients. Request to consult with a Portfolio Manager and your Director of Advisor Services to learn more about how we can help you meet your clients’ needs.
Shelton Capital Management is a multi-strategy asset manager offering investment solutions including mutual funds and separate accounts to the clients of wealth managers, the retirement plan market, and individual investors. Founded in 1985, Shelton Capital Management has maintained consistent investment principles and a steadfast focus on authentic customer service. Shelton Capital Management manages over $5 billion in client assets as of 3/25/2024.
Institutional and Advisor Services Team
National Sales Manager
Josh Fudge
Director, National Accounts
Ryan Groves
Director, Advisor Services (Great Lakes)
Matt Gunter
Director, Advisor Services (Southeast)
Jeff Medina
Director, Advisor and Institutional Consultant Relations (West)
Laura Bevill, CAIA
Director, Advisor Services (Central)
Jason Shidler
Director, Institutional Sales
Tony Brown
Internal Sales Associate
Alexa Tuers
Internal Sales Associate
Nick Mantel
Internal Sales Associate
Paul Laffrenzen
National Sales Manager
Josh Fudge
Josh Fudge joined Shelton Capital Management in 2019. He is a member of the Advisory Services Team with a focused responsibility on sales and marketing initiatives.
Prior to joining Shelton Capital Management, Josh held various roles in the investment industry most recently with RBC Wealth Management where he was responsible for investment analysis and client growth. The majority of Josh’s career has been focused on sales and distribution as a Director with WHV Investments, a VP at SteelPath/OppenheimerFunds, and various positions at Janus Capital Group. Away from work he enjoys skiing, hiking, and spending time outdoors with his wife, three children, and their dog Bailey.
Josh is a graduate of Miami University (Oxford, OH).
Director, National Accounts
Ryan Groves
Ryan Groves joined Shelton Capital Management in 2016.
Ryan leads the firm’s National Account efforts working primarily with home office analyst, CIOs, and relationship managers. Ryan’s role is to extend and deepen Shelton’s relationship with key financial advisory firms by developing partnerships, and working closely with investment research teams to understand and compliment their investment insights and process. Prior to joining Shelton Capital Management, Ryan has held sales and client service positions with WHV Investments, ALPS Funds, and State Street Bank.
Ryan lives in Denver with his wife, Stephanie and their young daughter, Piper. Ryan spends a lot of his free time racing exotic cars in a semi-pro racing league. Ryan graduated from the University of Kansas with a degree in Business and Art History.
Director, Advisor Services (Great Lakes)
Matt Gunter
Matt Gunter joined Shelton Capital Management in 2021. He is a member of the Advisory Services Team with a focused responsibility on sales and marketing initiatives.
Prior to joining Shelton Capital Management, Matt was most recently a Director of Business Development with Segall Bryant & Hamill. Prior to that role, he held VP of Sales positions with Westcore Funds and Scout Investments, serving the RIA, Family Office and Bank Trust channels. Earlier in his career, Matt worked as a financial advisor at UBS-PaineWebber, Bankers & Investors and American Century Investments.
When he is not working, he enjoys fishing in Mexico, smoking homemade BBQ and staying physically active. Before relocating to Denver, Matt played rugby with the Kansas City Blues Rugby Club for several years and remains an active alumni member.
Director, Advisor Services (Southeast)
Jeff Medina
Jeff Medina is a member of the Advisory Services team focused on sales in both the Northeast and Southeast regions. Jeff cultivates new advisor relationships and works to enhance relationships with our existing advisor clients.
Jeff graduated from the John F. Welch College of Business at Sacred Heart University with a degree in Finance.
Prior to Shelton Capital Management, Jeff held positions ranging from fund sales to portfolio construction for ultra-high net worth clients. Jeff enjoys spending his free time playing various sports such as softball and golf while also serving on the Board of Directors for the Social Services Department in the Town of Greenwich.
Director, Advisor and Institutional Consultant Relations (West)
Laura Bevill, CAIA
Laura Bevill joined Shelton Capital Management in October 2023. She is a member of the Advisory Services Team with a focused responsibility leading sales and marketing initiatives on the West Coast.
Laura joined the financial world as an investment consultant for Rogerscasey after completing her MBA in 2006. Following the Credit Crisis, Laura represented global asset managers to investment consultants and advisors, serviced clients and launched investment funds. More recently, Laura led Advent Capital Management’s first private convertibles fund launch. In mid-2021, Laura joined SVB Capital, the capital arm of Silicon Valley Bank, to lead the launch of two private credit funds. Previously, she held positions at BlueBay Asset Management, Fortress Investment Group and Apollo Global Management. Laura earned the CAIA designation and is currently studying for Level II of the CFA.
Laura resides in San Clemente, CA. In her free time, she enjoys hiking, surfing, and spending time with her two lovable chocolate labradors.
Director, Advisor Services (Central)
Jason Shidler
Jason Shidler joined Shelton Capital Management in 2023. He is a member of the Advisory Services Team with a focused responsibility on sales and marketing initiatives. Jason is a product management and investment specialist with over 20 years of strategic relationship development across both intermediary and institutional markets.
Prior to joining Shelton Jason was with Robeco Asset Management for 7 years splitting roles between the Senior Director of Sales as well as Head of National Accounts. Prior to Robeco, Jason spent 7 years with Schroders Investment Management where he was a Senior Director on their offshore sales team. Away from work, he enjoys spending time outdoors fly fishing, skiing, and mountain biking with his family.
Jason is a graduate of Colorado State University where he earned his Bachelor of Science in Finance and Real Estate.
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Director, Institutional Sales
Tony Brown
Tony joined Shelton Capital Management in May 2023 through the acquisition of Rockwood Capital Advisors, LLC. Tony was a founding partner and has accumulated more than three decades of experience in the investment management industry, specifically in employee benefits, pension administration and investments. Prior to the formation of Rockwood Capital, he spent nine years with Boatmen’s Trust Company where he specialized in client service and marketing with an emphasis on public funds and jointly-trusteed benefit plans. From 1988 to 1991, Tony served as manager of Boatmen’s master trust/custody division. Previously, he was with the Bank of New York for more than ten years where he directed a master trust relationship management team.
Tony studied accounting and business administration at Pace University in New York. He is a member of the Association of Investment Management Sales Executives and the National Association of Securities Professionals.
Internal Sales Associate
Alexa Tuers
Alexa Tuers joined Shelton Capital Management in June of 2024. Graduating from the University of Oregon with a B.A. in Economics, she has a foundation in economic principals and monetary analysis. Prior to Shelton, she worked with Charles Schwab specializing in customer relations and financial support. Away from the office, Alexa finds joy in outdoor activities embracing Colorado’s natural beauty by engaging in hiking, skiing and camping. She has a deep appreciation for travel and exploring new culinary delights. Alexa embraces a harmonious approach to life blending professional achievement with meaningful connections and experiences.
Internal Sales Associate
Nick Mantel
Nick Mantel joined Shelton Capital Management in July of 2025. Driving him to move to Colorado from Kansas City, he graduated from Colorado State University with a B.A. in Finance and a Minor in Economics. Prior to Shelton, Nick worked at Fidelity Investments where he specialized in assisting small business owners with maintaining their retirement plans by utilizing IRS tax codes.
Away from the office, Nick enjoys bringing creative ideas to life through 3D printing, electrical engineering, and graphic design. When he’s not creating, Nick enjoys camping, snowboarding, and playing volleyball in Colorado’s beautiful scenery. Referring to himself as a “Master of None”, Nick has an insatiable hunger for learning and bettering himself in everything he finds interesting.
Internal Sales Associate
Paul Laffrenzen
Paul Laffrenzen joined Shelton Capital Management in June of 2024. He is an Internal Sales Associate and a member of the Advisory Services Team with a focused responsibility on sales and marketing initiatives. Prior to joining Shelton Capital Management, Paul was a Hybrid Advisor Consultant for Segall Bryant & Hamill. He worked in partnership with the external business development team to promote SBH’s separately managed accounts (SMAs) and ’40 Act Funds to the intermediary marketplace. Paul joined the firm in May 2018 as part of SBH’s acquisition of Denver Investments. During his 14-year tenure with Denver Investments, Paul served as the National Internal Wholesaler supporting the External Sales Team. Prior to joining Denver Investments in June 2002, Paul was a Top Producer Representative for AIM Investments and, before its merger into AIM Investments, worked as a Top Producer Internal Wholesaler for Invesco Funds. Paul began his investment industry career with OppenheimerFunds where he held various Advisor and Client servicing roles. Paul has been in the investment industry since 1996.
Away from work Paul enjoys spending time with his family & friends, traveling, playing poker and fishing. He, his wife Erin and their two boys all reside in the Denver area.
Paul earned his B.A. from Winona State University in 1991.
Important Information
When comparing mutual funds to SMAs one should carefully consider the fees and expenses associated with each type of investment. All investments carry a certain degree of risk, including the possible loss of principal and there are specific risks that apply to each investment strategy. There is no assurance that an investment will provide positive performance over any period of time. There are management fees and other charges associated with the Shelton Separately Managed Account programs. Prospective clients should consult their financial advisor about investment strategies that are appropriate for their investment objectives, risk tolerance, tax status and liquidity needs. Income may be subject to the alternative minimum tax (AMT) and/or state and local taxes, based on the state of residence.
High Yield (“Junk”) Bond Risk: High yield bonds are debt securities rated below investment grade (often called “junk bonds”). Junk bonds are speculative, involve greater risks of default, downgrade, or price declines and are more volatile and tend to be less liquid than investment- grade securities. Companies issuing high yield bonds are less financially strong, are more likely to encounter financial difficulties, and are more vulnerable to adverse market events and negative sentiments than companies with higher credit ratings.
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The information contained in this section of Shelton Capital Management’s website is intended for use by Institutional Investors in the United States only. It is not intended for use by non-U.S. entities or retail investors. "Institutional Investor" means any:
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person described in FINRA Rule 4512(c), regardless of whether that person has an account with a FINRA member, includes;
a bank, savings and loan association, insurance company or registered investment company;
an investment adviser registered either with the SEC under Section 203 of the Investment Advisers Act or with a state securities commission (or any agency or office performing like functions) or;
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person described in FINRA Rule 4512(c), regardless of whether that person has an account with a FINRA member, includes;
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