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.

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.

Scott Bushley - Partner at Granite Point Capital

After launching his career as a sales and operations assistant with Deutsche Bank Securities, Scott Bushley began working as an analyst with companies, such as Sunflower Capital Partners in San Francisco and Atlantic Trust in Boston. Then, in 2007, Scott Bushley joined BNY Mellon Investment Management as vice president of strategic business development.

During a tenure of more than a decade with BNY Mellon, Mr. Bushley became part of the company's first Asset Management Leadership Program where he provided business and strategic leadership for investment projects around the world. He was ultimately promoted to director of operations for global distribution, and then to head of global institutional and Americas distribution operations. In 2017, he became the head of business operations.

In September 2018, Scott Bushley leveraged his 20 years of industry experience to become a partner at Granite Point Capital, a Boston-based hedge fund manager to oversee its finance and business operations.

Scott Bushley holds a bachelor of arts in psychology from Vanderbilt University, as well as an MBA from the Carroll Graduate School of Management at Boston College.

In his leisure time, he enjoys biking, hiking, skiing, traveling, and spending time with his family. An avid athlete, he has competed in more than 25 triathlons and similar events.