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A. Gary Shilling & Co.
A. Gary Shilling & Co. is a boutique macro investment advisory founded in 1978 by noted bearish forecaster A. Gary Shilling.
A. Gary Shilling & Co.
A. Gary Shilling established A. Gary Shilling & Co. in 1978 after serving as chief economist at White Weld & Co. and managing partner at a predecessor firm. Shilling, an often-pessimistic forecaster, has been publishing regular economic reports since the 1970s (per public record). The firm invests client capital using macro-driven strategies, typically taking long or short positions in equities, fixed income, commodities, and currencies based on Shilling's economic outlook. The firm has managed separate accounts for wealthy individuals and institutional clients, though Shilling's greater renown is for his economic newsletter, "Insight," distributed to subscribers worldwide. Investments are undertaken based on Shilling's contrarian, deflation-focused worldview. The firm remains a small, self-owned entity based in Springfield, New Jersey, with no disclosed additional offices or team expansion. Shilling continues to author the newsletter and provide commentary to media outlets such as the Wall Street Journal and CNBC (per public record). No major operational events from the last 24 months have been publicly reported. The firm's structural differentiator is its reliance on a single principal's macro-economic outlook as both investment thesis and public-facing brand, rather than a large quantitative or multi-manager trading operation. This boutique model mirrors Shilling's belief that a patient, contrarian macro call can outperform market participants who chase short-term noise. Succession and governance details beyond Shilling are not revealed publicly.
General information
Firm type
Asset Manager
Year founded
1978
AUM
Under $100 million (Altss estimate)
Location
Region
North America
Country
United States
City
Springfield
Corporate office
Springfield, NJ, United States
Principals
A. Gary Shilling
President
Sector focus
Frequently asked questions
Who makes investment decisions at A. Gary Shilling & Co.?
A. Gary Shilling, as President, is the primary investment decision-maker and the firm's most visible figure. The firm's investments reflect his macro-economic views, particularly his long-standing emphasis on deflation risk (per public record).
How does A. Gary Shilling & Co. source investment ideas?
The firm's ideas stem from Shilling's own macro-economic research and forecasting, published in his newsletter "Insight." The firm does not rely on a large team of analysts or external research vendors for deal flow (per public record).
Is A. Gary Shilling & Co. a hedge fund or an asset manager?
The firm operates as an investment advisor managing separate accounts and an economic consulting business. It is not a commingled hedge fund structure; clients typically have individually managed portfolios aligned with Shilling's macro outlook (per public record).
What is the firm's known investment bearish macro thesis?
Shilling is known for a deflationary view, arguing that high debt, technological disruption, and demographic trends will suppress inflation and economic growth. The firm has historically positioned portfolios to benefit from falling interest rates and commodity prices (per public record).
Does A. Gary Shilling & Co. take positions in technology or growth stocks?
Shilling has expressed skepticism about technology-driven equity rallies, viewing them as speculative bubbles per his deflationary framework. The firm may have avoided or shorted such sectors, preferring assets that benefit from lower interest rates and weaker economic activity (per public record).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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