Most men outgrow their garage band phase, but not Matt Stone.
Mr. Stone, the director of absolute-return investments of the $3.6 billion endowment of the University of Chicago, started playing folk guitar at 9 years old, formed a band in the '70s (the Eaglets) while in his midteens, and three months ago, released a CD of original songs, "Nothing to Hide."
He's always straddled the financial and creative worlds. Even as he was studying finance, economics and asset management, he was writing musical theater scripts and appearing in his own plays.
Mr. Stone continued to write songs while working his day jobs in asset management. A 40th birthday gift from his wife — studio time — nudged him from hobbyist to quasi-professional. He worked with four session players on three tracks and with pianist Vijay Tellis-Nayak on five songs. Mr. Stone's musical genre is closest to folk, but his songs incorporate jazz and rock elements. The album even features a self-labeled male torch song.
"I wanted to record my songs for posterity," he said. "In 100 years, my descendants are much more likely to want to listen to their great-grandfather singing his own songs than remember that he managed hedge funds."
Mr. Stone hopes to cover his expenses — he'll break even if he sells 700 copies — and intends to donate any profits to charity. And more CDs are in the offing, as his songwriting output is prolific. "In fact, I wrote a song last night, from start to finish," he said, adding that everyday life and simple observance of the people around him provide plenty of material.
Mr. Stone's CD is available at www.cdbaby.com/cd/