Fixed Income Investment Team

Madison's Fixed Income team is lead by Paul Lefurgey, Managing Director. Our Fixed Income strategy and philosophy is detailed in the Fixed Income Management overview.

Paul Lefurgey, CFA, Managing Director/Head of Fixed Income
Mr. Lefurgey serves as the head of fixed income investments for Madison and is a member of the Investment Strategy Committee. Mr. Lefurgey has over 20 years of investment experience. Prior to joining Madison, Mr. Lefurgey was Head of Fixed Income at MEMBERS Capital Advisors and at Duff & Phelps Investment Management and served on the Investment Strategy Committee for both organizations. He earned a BA in Accounting from Michigan State University.

Jack Call, CFA, Vice President/Portfolio Manager
Mr. Call joined Madison from MEMBERS Capital Advisors where he was a fixed-income portfolio manager and is a member of Madison's Investment Strategy Committee. With more than 25 years of investment experience, he previously worked at Bank One Capital Markets and Scudder, Kemper Investments. Mr. Call earned his Bachelor’s Degree in Political Science from Indiana University and his MBA and Doctorate degrees from the Indiana University School of Business.

Randy Johnson, CFA, Vice President
Mr. Johnson is responsible for the development of fixed income strategy, portfolio management and trading and is a member of the firm’s Asset Allocation Committee. He has worked in the fixed income market since 1984. Prior to joining Madison, he worked at Madison's affiliate, Concord Asset Management, managing fixed income portfolios. Mr. Johnson earned a BA in Economics from North Park University.

Julie Lahtonen, Assistant Vice President/Fixed Income Trader
Ms. Lahtonen is a fixed income trader for Madison with more than 25 years of investment experience. Prior to joining the firm in 1996, she was with London Investment Trust, Princeton-Newport Partners and Smith Barney. She obtained her BS from the University of Wisconsin.

Jeffrey Matthias, CFA, Vice President/Portfolio Strategist
Mr. Matthias is a member of Madison’s fixed income team, focusing primarily on institutional client relationships. Prior to joining Madison, Mr. Matthias developed member society strategy at the CFA Institute and managed fixed income portfolios at American Family Insurance. Mr. Matthias graduated from the University of Wisconsin with both a BS and MBA in Finance.

Chris Nisbet, CFA, Vice President/Portfolio Manager
Mr. Nisbet has primary responsibilities in managing the Madison's government and corporate bond portfolios. A member of Madison's Fixed Income management team, Mr. Nisbet was formerly associated with the Firstar Trust Company. He received his BS in Economics as well as a Masters in Finance and Investments from the University of Wisconsin.

Allen Olson, CFA, Vice President/Portfolio Manager
Mr. Olson is a member of the firm’s fixed income team. He was previously employed as a Fixed Income Credit Analyst and Portfolio Manager for Clarica Insurance in Milwaukee. Mr. Olson holds a BS in Economics and a MS in Management from the University of Wisconsin.

Michael Peters, CFA, Vice President/Portfolio Manager
Mr. Peters is a member of the firm’s fixed income team and is involved in our municipal bond strategy. Prior to joining Madison in 1997, he was with Wachovia Asset Management. He holds a BA from Valparaiso and an MBA from Indiana University.

Greg Poplett, CFA, Vice President/Portfolio Manager
Mr. Poplett is a member of the fixed income team and has been managing fixed income portfolios since 1984. He was previously a co-manager on the Voyageur’s Tamarack Government Income Fund and the Tamarack Quality Income Fund, as well as managing separate fixed income accounts for Voyageur. Mr. Poplett was previously at Campbell, Newman, Pottinger & Associates, where he was the director of fixed income. He holds a BS from Illinois State University and an MBA from Western Illinois University.

Alan Shepard, Analyst
Mr. Shepard is a member of the firm’s fixed income team and has over 20 years of industry experience. He was previously a floor trader in financial options in Philadelphia, Chicago and London. Mr. Shepard graduated from the University of Delaware in Finance and Economics and has an MBA from the University of Wisconsin, specializing in the Applied Security Analysis Program.