Chief Financial Officer
Doug Cannon is a member of the CFA Institute, and has been a lecturer for the Dallas and Houston Investment Analyst Societies, and the Harvard Business School Club of New York.
Doug Cannon is the founder of Texas First Investment Management Company and has served as its Chief Investment Officer since its beginning. He has been the Portfolio Manager for the Texas First stock portfolios since their start in 2000. He is frequently quoted as an expert on small and mid cap stocks by the Wall Street Journal, Reuters international news, and various publications. His Select Value portfolio was ranked by Morningstar, and Pension and Investments Magazine, as the top-performing value equity separate account portfolio for the 5-year period ending 12-31-2011. (See 2-20-2012 issue of P&I).
From 2002-2004 he served as the Chairman of the Investment Advisory Committee of the $19 billion Texas Permanent School Fund, after being appointed by the current Governor of Texas. Prior to founding Texas First, Doug was a Senior Vice President and Portfolio Manager for Houston-based King Investment Advisors, Inc., which manages small cap and mid cap equity portfolios.
In 1989, he was appointed by former President George H. W. Bush as the Deputy Executive Director of the Pension Benefit Guaranty Corporation, a federal government entity. He was responsible for the investment management of $4 billion of pension assets. Doug began his career as an investment analyst for the Dallas-based securities firm Rauscher Pierce Securities, Inc. (now part of RBC Dain Rauscher, Inc.) His educational background includes an MBA from Harvard Business School, and a BS/BBA from the Wharton School of Business. He is a CFA Charterholder.
Doug is a member of the CFA Institute, and has been a lecturer for the Dallas and Houston Investment Analyst Societies, and the Harvard Business School Club of New York. He is on the Board of Directors of the Harvard University Alumni Club of Houston, and has served on the Government Advisory Committee of the Greater Houston Partnership. He played Texas high school football, and is an Eagle Scout.