Managing Director, Programs

Matthew Leatherman

Matthew Leatherman joined FCLT Global from North Carolina Department of State Treasurer where he served as Policy Director. Matthew contributed to the Department adopting a policy on long-term stewardship for approximately $100 billion of assets under its management and to updating practices for how staff incorporate longer-term factors into the evaluation of debt issued by local governments. He also was staff director of the Department’s Corporate Governance Committee, a body responsible for conducting the Department’s engagement with regulators, dialogue with corporate issuers, and voting of proxy ballots.

Matthew’s earlier career focused on U.S. fiscal research, most recently at the Stimson Center in Washington D.C. His commentary in outlets like Bloomberg Government was influential for understanding government shutdown and budget sequestration the terms of fiscal impact, management process, and the governance relationship between executive and legislative branches. Matthew advised the Rivlin-Domenici Debt Reduction Commission on military budgeting and management, including the structure of retirement and health care benefits for U.S. service-members. His fiscal research has been published by Foreign Affairs, International Herald Tribune, Washington Post, McClatchy-Tribune News Service, and other outlets.

Matthew is a Board member of the John Rex Endowment, a $75 million fund with a focus on improving mental health, preventing injury, and expanding access to healthy lifestyles for children in Wake County (NC). He is a term member of the Council on Foreign Relations and holds degrees from the University of North Carolina and Columbia University.

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Article

Resilient investors are ready for surprise costs

By Matthew Leatherman

12 May 2023 - It’s trendy to bemoan the fact that a third of Americans don’t have enough slack in their monthly budget to cover a surprise $400 expense. What about investment institutions in an equivalent scenario?

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Article

Investing in Business vs. Investing in Paper

By Matthew Leatherman

27 March 2023 - “Do we mean to hold businesses or paper?” The question is one of the most compelling to emerge from Davos this year because its implications are so provocative for long-term institutions. 

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Article

When the Data We Want Isn’t the Data We Need

By Matthew Leatherman

23 March 2023 - Data about asset-price movements and relationships from the 1990s to today may not represent those that we will experience from today to the 2050s.

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