DIRECTOR OF MANAGER SELECTION AND IMPLEMENTATION
What’s top of your to-do list right now?
One area of focus is educating clients on global asset allocation as a strategy. While a buy and hold 60/40 strategy has been king since 2009, we believe that the ability to take an unemotional look at the momentum and relative value of stocks versus bonds – and allocating appropriately within global stock markets – is going to be crucial over the next market cycle.
What is keeping you awake at night (work wise)?
I’m constantly thinking about how best to deliver absolute returns to our clients. With interest rates at about 3% and equities looking pricey, meaningful absolute returns seem to be challenged over the next market cycle. Recommending the right mix of global asset allocation, alternatives and private capital will determine whether our clients will be able to meet their spending needs and other financial goals. I don’t take that responsibility lightly.
What fund had the most inflows in 2017?
A passive allocation to the MSCI EAFE All Cap index. The valuations in developed international equities have been compelling for some time, but 2017 saw momentum confirm the possible start of a new trend.
Best meeting you’ve ever had?
The best meetings are ones that we walk out of not knowing individual job titles because everyone was so knowledgeable about each area of the business. When teams are that strong from top to bottom, you know the firm spent a great deal of time and resources hiring the right people, which is half the battle.
Worst meeting you’ve ever had?
We had a meeting with a firm that constructed a strategy of buying closed-ended funds. Their whole thesis was based on buying ‘assets at a discount.’ The meeting ended when they didn’t have an answer to our question about what would be a catalyst for that discount to narrow, and we haven’t been in contact with them since.
If you weren’t doing this job, what would you be doing?
I would be a park ranger at Glacier National Park in Montana. I guess it would still be about keeping the bears away!
What are your interests outside of work?
My wife and two daughters come above everything else; they keep me entertained. I am also a big gamer, I enjoy poker and I love the outdoors. My nephew and I often pick three random spots on a North Georgia map and hike off-trail to each.
If you could travel anywhere in the world, where would it be?
Ten years ago, I would have said taking a Jeep from Casablanca to Cairo. But now that I have a family to think about, it would be Hawaii. I’d like to show my family my old stomping grounds during my time in the Navy. Being on a submarine based in Pearl Harbor was a highlight of my life.
If we gave you $100,000, how would you invest it?
With my 30-year time horizon, I would put most of it in an equity-heavy global asset allocation strategy that could pivot to attractive regions and sectors. I would then put the rest in reinsurance, as 2018 has the potential to be a pretty good year.
Do you have any hidden talents?
While it’s not official, I definitely consider myself a Lego ‘master builder.’ My girls always thank me for taking them to Legoland. What they don’t know is that I enjoy it just as much as they do! I’m a big kid at heart.