FRANKLIN TEMPLETON INVESTMENTS
SENIOR RESEARCH ANALYST, MULTI-ASSET SOLUTIONS MANAGER RESEARCH
What’s top of your to-do list right now?
In this environment of low and potentially rising interest rates, we’re looking at fixed income alternatives to diversify the asset class. One option I recently reviewed was a Canadian private credit manager specializing in supply chain finance. We’re also seeing interest in emerging market debt, and I’m looking at external options to complement the existing managers we use. Finally, we’ve seen a lot of interest in our model advisory solutions, and I reviewed some US core fixed income managers for those opportunities, one of whom I met through a recent Citywire conference, so thank you!
What is keeping you awake at night (work wise)?
We focus a lot on career development and growth in our team, and I have a lead role in managing our junior members. I often think about how to keep them challenged and interested in their contributions to manager research.
What was your best-performing fund in 2016?
An offshore fund that we’ve covered and owned for many years – Man GLG Japan CoreAlpha. The managers struggled with the global underperformance of value stocks, but stayed true to their process and outperformed the Japanese market by more than 18% in the second half of 2016 when value came back into favor. Internally, the Templeton Emerging Markets group and Templeton Global Macro group both had very solid years.
Best meeting you’ve ever had?
Meeting managers is crucial to our process. We strongly believe that meeting PMs and their teams in person is the best way to assess and build confidence in their skills, and is an additional step in our rigorous quantitative analysis. Some of my most impressive meetings were with the Templeton Emerging Small Cap, Pimco Income and Deutsche Global Infrastructure PMs. In each case, the managers were very transparent and their passion for the job was obvious.
Worst meeting you’ve ever had?
We’ve come across many managers and funds that look good on paper, but once we get them on the phone or potentially in person, we find that our interests are not aligned, or the manager seems uninterested or lacking passion.
If you weren’t doing this job, what would you be doing?
If still in the industry, I’d want to work more closely with clients and lower-net-worth individuals who may need financial guidance the most. If outside the industry, maybe something in the performing arts.
What are your interests outside of work?
I’m an avid golfer, love to travel, and am a die-hard fan of Minnesota sports teams, as difficult as that has been!
If you could travel anywhere in the world, where would it be?
This is a long list! I suppose Patagonia, the Nordics, and if I could bring my golf clubs, New Zealand.
If we gave you $1,000, how would you invest it?
I’ve had the opportunity to conduct due diligence on local managers in the Brazil and India fund markets recently, and was impressed by the skill and alpha potential in those countries. For the long term, I’d choose some of those local Indian small-cap managers, if I could access them.
Do you have any hidden talents?
I was the lead saxophonist in my college jazz ensemble and still try to play when I have the chance.