Richard S. Bookbinder

Faculty
  • Adjunct Professor & Distinguished Executive-in-Residence

Richard Bookbinder

Richard S. Bookbinder

 

Office Hours

Available by Zoom or mobile until return to normalcy (2020-2021). Thereafter, Wednesday mornings on Campus.

Richard Bookbinder is Senior Advisor to the Brown Advisory Student-Managed Investment Fund Program at Washington College, and serves on the Washington College Board of Visitors and Governors Investment Committee.

Follow Mr. Bookbinder: @terraverdecap, or www.terraverdecap.com.

Education 

B.A. in Economics, Upsala College

Campus and Community Service 
  • Served on the Washington College Board of Visitors and Governors Investment Committee
  • Served as Chairman of the Washington College President’s Leadership Council.
  • 2017 recipient of the Washington College President’s Medal.
  • Served as an external advisor to the Wharton Hedge Fund Club at the University of Pennsylvania’s Wharton School
  • Member of the Maplewood (NJ) Community Band.
Professional Career 

Founded TerraVerde Capital Management and actively manages TerraVerde,  a green-investing investment fund that focuses on sustainability with investments including clean tech, renewable energy, water, and agriculture.

Started Bookbinder Capital Management LLC and was actively involved in all aspects of fund management including portfolio allocation, manager research, and due diligence.

A Founding Principal of Sandler O’Neill & Partners, L.P, a leading investment bank specializing in middle-market financial institutions.  Previously was a Limited Partner and Associate Director in fixed-income sales at Bear, Stearns & Co. Inc. 

Member of US SIF, the American Council on Renewable Energy, and CERES, and a past member of the Board of Trustees of the Darrow School, New Lebanon, NY.  Member of The Intentional Endowments Network and member of the Founders Circle of the Croatan Institute. 

His book, Fund of Funds Investing: a Roadmap to Portfolio Diversification, was published by John Wiley & Sons in 2009.

Research Spotlight

Well thought out investment decision making requires in-depth knowledge of the financial markets along with rigorous quantitative and qualitative thinking. The program’s objectives give students the opportunity and skills to manage a real $1.2 million investment portfolio (Sept 2020 market value) and learn how the markets work and react to financial news and current events are the program’s objectives.

Research

I formed the investment management firm Bookbinder Capital Management LLC and  was actively involved in all aspects of fund management including portfolio allocation, manager research, and due diligence. One of the Funds created, TerraVerde Capital Partners LP, was a multi manager infrastructure fund that focused on sustainability, clean tech, and renewable energy. Because of my interest and awareness of the issues of global warming, climate change, and impact on the financial markets, I have been in a unique position to incorporate sustainability into the Brown Advisory Fund program with our students who will be the next stewards of our planet.   

In 1988, I was a Founding Principal of Sandler O’Neill & Partners, L.P, a leading investment bank specializing in middle-market financial institutions. Previously, I have been a member of US SIF, the American Council on Renewable Energy, and CERES.  I was the co-author of Fund of Funds Investing: a Roadmap to Portfolio Diversification that was published by John Wiley & Sons in 2009.

Teaching

I have been part of the Washington College community for nearly ten years acting as Senior Advisor to the Brown Advisory Student Fund. Part of my role is to mentor students both academically in the classroom and prepare those who seek opportunities in the financial services industry or other career paths. In addition, I provide advice and counseling to students as they pursue job prospects for internships as well as provide guidance in their decision-making.

Fun stuff

The best part of the College experience is seeing the students react to real-life situations outside of the classroom. Activities during the past several years have included class trips to Boston to meet senior management at GE, trips to several annual meetings of Berkshire Hathaway in Omaha along with meeting Warren Buffett in a private setting, and annual visits to Baltimore to meet senior Brown Advisory investment professionals. The preparation for each trip along with the actual visit and recap upon returning to Campus is the fun part of my “job.”

While not on campus, I enjoy travel with my wife Arlene to exotic and interesting places, taking loads of pictures and processing them, scuba diving, and playing in a community band. And, playing with my one-year old grandson (his Dad, Jonathan, is a 2010 Washington College grad).