JASON DANIEL EDINGER
SENIOR RESEARCH ANALYST
What’s top of your to-do list?
Finding an appropriate mix of exposure to risk assets and downside protection in our portfolios. Ideally, we would like to participate in broad upside rallies while simultaneously positioning portfolios for a risk-off event, but it’s easier said than done.
What is keeping you awake at night (work wise)?
I am anxious to see how the passive, indexed approach to investing that so many professionals use today will hold up during the next bear market. Will indexers capitulate and sell at the wrong moment as they see their funds move down in lockstep with the markets? Will they be disciplined enough to step in and buy at lower prices in the hopes of higher future returns? Most passive investors have only been on the bull side of things from 2009 onward, with few exceptions.
Best meeting you’ve ever had?
I was meeting with a venture capital private equity fund that concentrates on the media, entertainment and consumer sectors. The fund’s portfolio managers are on the younger side and were seizing on investments in concert festivals, artisan retail products, whiskey distilleries and other similar companies. During that meeting we talked about everything from ultra-marathons through the Boston Calling concert series to mixed martial arts. It was invigorating and a nice change from the standard meeting with stale pitch books, references to why ‘now is a great time to invest’ in a given strategy, and all the other components of traditional manager meetings.
Worst meeting you’ve ever had?
I was ready for a meeting in my office and the portfolio manager and wholesaler were running late. After about 15 minutes I got an email saying that they would arrive in another 10 minutes or so. At this point we are nearly 30 minutes into a 60-minute meeting. I replied to that email saying it would be better for me to just reschedule and I would catch them the next time they came into town. I was more than surprised to get a call 15 minutes later saying that the portfolio manager and wholesaler were in the conference room. I walked in and asked, ‘did you get my email reply for a reschedule?’ The wholesaler said ‘yes, but I figured we would just drop by anyway.’ It was a bit presumptuous. We ended up chatting for about 10 minutes out of an originally scheduled one-hour meeting.
If you weren’t doing this job, what would you be doing?
If I had more than one or two scientific bones in my body, I would love to be a weatherman. I love getting into the weeds of weather and am constantly boring my friends and family with detailed reports and snippets from my favorite local weather people. I also would not mind finding a way to work on the water in the summer time and being a professional skier during the winter. One can dream!
What are your interests outside of work?
I am really into physical activities and spend a lot of time running, skiing and surfing. Very recently I have spent the majority of my time hanging around with family. My wife and I just recently welcomed our first son to our family. On weekends, I can usually be found cruising around Newburyport with my wife, son and puppy in tow. I wouldn’t have it any other way.
If you could travel anywhere in the world, where would it be?
Patagonia in Argentina.
If we gave you $1,000, how would you invest it?
I would put it to work in accordance with a balanced, diversified portfolio of asset classes. I would top off allocations to those asset classes that are below their strategic targets, and then invest the rest across asset classes pro rata.
Do you have any hidden talents?
I can cook the best pan-seared salmon the world has ever seen.