Fixed Income Portfolio Managers
Executive Vice President, Co-Chief Investment Officer, Fixed Income, Portfolio Manager
Charles manages all aspects of Piedmont’s fixed income research activities and serves as portfolio manager for Piedmont’s Yield Advantage products. Charles oversees the Bank Advisory Services team that performs a variety of valuation services for the U.S. Department of the Treasury.
Charles previously served as lead portfolio manager at Hughes Capital Management with responsibility for over ~$800 million in fixed income assets (as of 12/31/00). From 1993 to 1997, Charles was part of a five-member team at Sovran Capital Management responsible for managing a $5 billion total return portfolio.
Charles received his AB in Political Science from Duke University and his MBA in Finance from Clark-Atlanta University. Charles began his investment career as a credit analyst with Sovran Capital Management.
Noel McElreath, CFA
Senior Vice President, Portfolio Manager for Fixed Income
Noel serves as fixed income portfolio manager for Piedmont’s Yield Advantage products and conducts research on the various sub-sectors of the fixed income markets.
Noel previously served as the Senior Portfolio Manager at Tattersall Advisory Group in Richmond, Virginia, specializing in corporate credit and derivatives. Prior to Tattersall, Noel led the Credit Strategy effort at Evergreen Investment Management Company in Charlotte, North Carolina, where he was Senior Portfolio Manager and Head of Credit Strategy. Earlier in his career, he worked for a subsidiary of Evergreen in London, England, analyzing multi-currency European credit. Noel began his career as a core fixed income portfolio manager and analyst for First Union Corporation, managing various institutional mandates.
Noel received his BA in History and Political Science from the University of North Carolina at Chapel Hill. He holds the Chartered Financial Analyst designation and is a member of the CFA Institute, CFA Virginia and the CFA North Carolina Society.