Looking for two cents? This fund manager finds bonds concerning
The Reformed Broker shares one of his favorite fund managers with The Monitor. Dennis Stattman is not a household name, but Brown thinks he is one of the greatest asset allocators in the history of the industry.
The Reformed Broker shares one of his favorite fund managers with The Monitor. Dennis Stattman is not a household name, but Brown thinks he is one of the greatest asset allocators in the history of the industry.
Dennis Stattman (BlackRock Global Allocation) is not a household name fund manager but he is truly one of the greatest asset allocators in the history of the industry.聽 I've been an investor with his fund for almost a decade now, he's been at it since 1989.
I'm always interested to see how Dennis is positioned asset class-wise and geographically given that he has a mandate to go anywhere he sees a good risk-reward profile.聽 Right now, he is very concerned about the risks in bonds; he's carrying a 50% lower bond weighting than his world allocation fund peers ...
From Investment News:
Lots of people express concern about bond risk, not many (according to the flows) have actually stopped buying them though.