Albany

Noted Albany economist Hugh Johnson to retire at end of 2021

Economist Hugh Johnson is shown before his annual economic forecast for the Capital Region Chamber in Albany on Nov. 30, 2018.
PHOTOGRAPHER:

Economist Hugh Johnson is shown before his annual economic forecast for the Capital Region Chamber in Albany on Nov. 30, 2018.

ALBANY — Hugh Johnson announced Tuesday that he will retire at the end of 2021 as chief economist of Graypoint LLC and Hugh Johnson Advisors.

He will remain chairman emeritus of Graypoint, however, and will provide it with guidance and economic forecasting.

Johnson has long had a high profile in the financial community in the Capital Region and beyond, serving as an investment manager, adviser and educator, as well as a commentator and an authority in the national news media about the economy.

Locally, Johnson has delivered an economic forecast to a Capital Region audience each December for a third of a century.

“I want you to know that it has been an honor to serve this organization. I truly value the time that I have worked with the many employees of the company and to be part of launching and building Hugh Johnson Advisors, now Graypoint in its early stages,” Johnson said in a news release.

Johnson became chief investment officer of First Albany Companies in 1979 and then chairman and president of First Albany Asset Management in 1990. 

In 2005, Johnson and other First Albany Asset Management employees joined Illington Fund Management to form Johnson Illington Asset Management. 

In 2010, the employees bought out the other ownership and renamed the company Hugh Johnson Advisors. 

In 2019, it merged with Bender Lane Advisory and formed what was to become Graypoint LLC.

Graypoint CEO Dan Nolan will continue to lead the 45-employee company after Johnson’s retirement.

Categories: Business, News

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