Three Fall Programs at CYBSA

Students in a program

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Scott Bushley is a Massachusetts-based investment management professional who has served as a partner of finances and operations at Granite Point Capital since 2018. He was previously head of business operations at the world's largest multi-affiliate investment manager, BNY Mellon Investment Management. In addition to his professional endeavors, Scott Bushley is a member of the board of directors for the Cohasset Youth Baseball & Softball Association (CYBSA).

Although summer is coming to a close, CYBSA will be offering fall programs that extend to late October for different age groups. Below are three of those programs and what participants can expect from each:

1. Rising 6s and 7s - Available for players born between September 1, 2012, and August 31, 2014, this program stresses fundamental defense in the infield as well as hand-eye coordination at the plate. Each one-hour session will end in a challenge game in which players can showcase the skills they have practiced.

2. Rising 11s - Held every Sunday from 10 a.m. to 11:30 a.m., this program is for kids born between September 1, 2008, and August 31, 2009. Emphasis is placed on infield and outfield defense in situational settings with the goal of improving decision-making skills. At the plate, kids will focus on pitch recognition and how to hit curveballs.

3. Metro Fall Baseball League - This league is for 14- and 15-year-old players. Ten games will be played across five double-headers on Sundays. Exceptions may be made for 13-year-old players who exhibit adequate skill levels.

Three Must-Purchase High Tech Pieces of Equipment for Skiing

Walking on top of the mountain to ski
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The recipient of an MBA in finance from the Carroll School of Management at Boston College, Scott Bushley serves as a partner responsible for finances and operations at Granite Point Capital. Beyond his professional pursuits, Scott Bushley enjoys outdoor activities like cycling, hiking, and skiing.

Technology is becoming increasingly central to skiing. Wearable cameras, GPS watches, and tech-integrated goggles are just some of the high-tech products available to skiing enthusiasts. Below are three products to consider in 2019:

- GoPro Hero7 Black. One of the premier cameras for skiers, the GoPro Hero7 Black is a slight upgrade to the Hero6 Black with improved image stabilization capabilities and additional ways to shoot and share photos and videos. It costs $399, but the Hero7 Silver and White models can be purchased for $299 and $199, respectively.

- Snowstrike. Uvex’s Snowstrike goggles are battery-powered and have four different tints that change automatically based on the amount of available light. They can also be changed with a button. These goggles can be especially useful as the sun sets.

- Smith Code helmet. Although this year’s Code helmet model is unchanged from last year, it is available in different colors. Nonetheless, the helmet is designed with eco-friendly polymer extruded tubes that, along with other elements, allow for good air flow. Additionally, its BOA FS360 fit system and 360-degree halo design ensures a comfortable and personalized fit. The helmet comes with a lifetime warranty and includes an option for Outdoor Tech audio system integration.

What Is a Transfer Agent?

The recipient of an MBA in finance from Boston College Carroll School of Management, Scott Bushley is an experienced finance and business operations executive who serves as a partner with Granite Point Capital. In this capacity, Scott Bushley is responsible for providing strategic direction to operating functions and managing fund services such as fund accountants and transfer agents.

Responsible for maintaining account balances and records of investors, transfer agents are banks, trust companies, or other financial institutions assigned by a corporation. They work closely with a registrar to make sure investors receive dividends and interest payments in a timely fashion and distribute investment statements each month to mutual fund shareholders. They are also vital in the purchasing of a security by new investors, as they're tasked with issuing electronic ownership certificates.

Beyond these monthly responsibilities, the transfer agent works in conjunction with a registrar to deliver investors year-end federal tax information. This includes reporting on interest paid, dividends, and security trades that took place in the past year.

Calculating Assets under Management

Drawing upon more than two decades of financial leadership experience, Scott Bushley oversees operations at Boston’s Granite Point Capital. Scott Bushley previously functioned as the head of business operations at BNY Mellon Investment Management, a multi-affiliate investment manager comprised of nearly $2 trillion in total assets under management (AUM).

AUM refers to the combined market value of investments managed by a person or entity on behalf of his/her or its clients and can be used to help evaluate the success of a particular company or investment. The means of calculating AUM varies among financial institutions, as some limit it to discretionary investment management funds while others include cash, mutual funds, and bank deposits.

In order for a client’s portfolio to be counted toward total AUM, it must fit the U.S. Securities and Exchange Commission’s definition of a securities portfolio, meaning that at least 50 percent of its total value must come from securities like cash or private fund assets. Precious metals and real estate do not count as securities.

The number of stock units multiplied by its most recent market price determines asset value. For instance, if a portfolio contains 200 units of Nike stock that, at the time of calculation, is trading at $110, the value of that particular stock would equal $22,000. This formula is used for every asset in the portfolio. The resulting figures are then added together to determine total value of that particular portfolio. The sum of the value of all portfolios is the total AUM.

Massachusetts’ Unique Purgatory Chasm State Reservation

Respected in the Boston community, Scott Bushley serves as the finances and operations partner of an established hedge fund. A skiing and hiking enthusiast, Scott Bushley enjoys exploring outdoor destinations in New England and beyond.

One of the most unique local spots is Sutton, Massachusetts’ Purgatory Chasm State Reservation, which encompasses a chasm that extends for a quarter mile through granite walls that rise as high as 70 feet. This feature originates from glacial meltwater that, after getting dammed up toward the end of the last Ice Age circa 12,000 BCE, was suddenly released with great pressure and force.

Reaching the chasm’s entry point involves a relatively steep descent that requires rock and boulder scrambling skills and steady footing. The deep cuts in the rock, which are associated with various Native American and colonial legends, include a particularly narrow passage known as Fat Man’s Misery. Another rivet, where a tomahawk cut into the granite according to myth, is called the Devil’s Corn Crib. The surrounding area offers numerous trails and picnic areas, as well as ponds and blueberries when in season.

Scott Bushley - Granite Point Capital Partner

An experienced financial-services executive, Scott Bushley received his master of business in finance from the Boston College Carroll School of Management. Over the course of a career spanning more than two decades, he has served in multiple global senior administrative positions in the Boston offices of BNY Mellon Investment Management and he left the organization in 2018 as its head of business operations. Since then, Scott Bushley has spearheaded a range of financial and operational activities as a partner with Granite Point Capital in Boston.

Outside of the professional arena, Bushley serves as the coordinator of the Cohasset Major League baseball program and on the Board of Directors of the Cohasset Youth Baseball & Softball Association. Additionally. he has coached baseball for the past six years. An athlete in his own right, Scott Bushley not only bicycles and skis, but also trains for and participates in triathlons.

Massachusetts Investment and Business Operations Leader Scott Bushley

After earning a Bachelor of Arts in psychology at Vanderbilt University in Nashville, Tennessee, Scott Bushley moved to San Francisco, California, where he found employment with several major banks and investment firms. He subsequently relocated to the greater Boston, Massachusetts, area and enrolled in the Carroll Graduate School of Management at Boston College. Scott Bushley studied finance and ultimately earned his Master of Business Administration in 2005. A year before graduating, Scott Bushley accepted a position as an intern and analyst with Atlantic Trust, which is a Boston financial planning organization that now does business under the name CIBC Private Wealth Management. He joined the ranks of Boston’s BNY Mellon Investment Management two years later, going on to serve as vice president of strategic business development from 2007 to 2013, as director of global distribution operations from 2013 to 2015, and as head of global institutional and Americas distribution operations from 2016 to 2017. Mr. Bushley left his position as head of business operations at BNY Mellon Investment Management in August 2018. In September 2018, Scott Bushley became a partner at Granite Point Capital, a hedge fund manager based in Boston, Massachusetts. In that new role, he oversees finance and the business operations of the firm, leveraging his 20 years of industry experience and executive leadership.