Princeton-based financial advisory firm Biltmore Capital Advisors announced Friday that Dr. Donald R. Chambers has joined the firm as chief investment officer.

Chambers is an expert on finance and economics in private enterprise and academia, according to a news release.

We are thrilled to have Dr. Chambers, a prominent expert, professor and author of numerous books about investing, financial economics, and alternative investments join Biltmore Capital, said Tyler Vernon, Biltmores Chief Executive Officer. Throughout his career he has had tremendous success in academia as well as private enterprise, setting a name for himself in the industry.

Dr. Chambers shares our view that, similar to the philosophies of Yale, Harvard, and Princeton endowments, alternative investments are vital to long term financial success within a diversified portfolio, Vernon continued. It was important that Dr. Chambers believe in that approach, as our investment team utilizes the same types of investment and risk management strategies in our clients investment portfolios.

Prior to Biltmore Capital, Chambers was the associate director of programs at the Massachusetts-based Chartered Alternative Investment Association, director of equities and director of alternative investments at New York-based Karpus Investment Management, and was a risk management consultant for The Bank of New York.

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