RAYMOND JAMES FINANCIAL
ASSET MANAGEMENT SERVICES, RESEARCH DIRECTOR
What’s top of your to-do list?
Continuing the success of our active and hybrid, active/passive, home office discretionary fund and unified managed account portfolios. Also keeping our current outperformance going in this passive environment, versus our own low-cost ETF portfolios, which have offered tough competition over the years.
What is keeping you awake at night (work-wise)?
Our fast-growing research-driven assets of nearly $65 billion, and a feeling of market complacency, when we may be due for a recession.
Best meeting you’ve ever had?
That is a tough one. I have met so many engaging and enlightening portfolio managers over the past 20 years. Character, passion and skill come out during tough times, so probably a few of the 2008 meetings.
Worst meeting you’ve ever had?
That is easier. We had a call with a high yield bond manager who was in a bad mood and did not want to answer our organizational chart-type questions because his performance was good at the time. After a few early attempts and major pushback on the call, we agreed to end it after four very awkward minutes. We did not buy his fund and we were not sad when he fizzled out a couple of years later.
If you weren’t doing this job, what would you be doing?
Something related to the markets or maybe sports. I like keeping score and I’m somewhat competitive. Also helping kids.
What are your interests outside of work?
My three kids – who are 16, 15 and 11 – my wife and sports.
If you could travel anywhere in the world, where would it be?
I checked off the Old Course at St. Andrews a couple years ago, which had been a dream for a long time. My wife said we should go to Hawaii and that was 20 years ago, so we still should. Finally, my kids were born in Kazakhstan and Guatemala, so we will go back there.
If we gave you $1, 000, how would you invest it?
I like our active/passive growth product, so I’d put it there.
Do you have any hidden talents?
I’m not great at anything. However, the kids have helped dig up my former talents, such as the Rubik’s Cube, bowling and trampolining. I have also been known to do a Letterman-esque top-10 roasting in the office.