Active allocation: A world of ideas
Our Ivy Live panelists discuss the evolving investment landscape, including the recent U.S.-China trade escalation, and ideas to help guide allocation decisions.
Soaring equity valuations, slumping bond yields and a different economic regime are shifting investment perspectives. It may be time to re-think traditional asset allocation, as risk and return profiles are redefined.
October’s Ivy Live brought together experts from Ivy Investments, Apollo Global Management and Wilshire Associates to help you analyze key factors as you build your clients’ portfolios.
Jeffrey W. Surles, CFA
Ivy Investment Management Company
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Jeffery Surles is portfolio manager of Ivy Global Income Allocation Fund. He has been a portfolio manager of the fund since 2012. He had been co-portfolio manager of the fund from 2012 to 2014.
Mr. Surles joined Waddell & Reed in 2007 as a fixed income investment analyst. He was appointed assistant vice president in 2012 and vice president in 2014. Prior to joining Waddell & Reed, Mr. Surles was a portfolio manager from 2003 to 2005, and an investment analyst from 2001 to 2003, for Surles Development Corp. In the fall of 2000 he was a sales analyst for Enterprise Development Services, Inc. Mr. Surles graduated from Vanderbilt University in 2000 with a BS in Organizational Development. He earned an MBA with an emphasis in Finance from the University of Wisconsin in 2007. While attending the University of Wisconsin he was actively involved in the Applied Security Analysis Program and completed an internship at Provident Trust Company in 2006. Mr. Surles is a CFA charterholder.
Apollo Global Management, LLC
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Alex Wright, Managing Director, joined Apollo in 2011 and is a senior member of Apollo’s Credit business. He has had investment responsibilities acr1ss eight credit funds, most recently being responsible for middle market investing for the Credit platform.
Prior to joining Apollo, Mr. Wright was with GSC Group where he served in a variety of different roles mostly recently as the Chief Administrative Officer and Chief Financial Officer. Prior to these executive roles he was the head of the US Corporate Debt business. From 2003 to 2007, Mr. Wright served as head of origination for the U.S. Corporate Debt business. Prior to that, Mr. Wright was with IBJ Whitehall Bank & Trust Corporation and Chemical Banking Corporation.
Mr. Wright graduated from Rutgers College with a B.A. degree in Political Science and a minor in Economics, and from Fordham University with a M.B.A. degree.
Nathan Palmer, CFA
Managing Director, Portfolio Manager
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Nathan Palmer is a managing director of Wilshire Associates and heads Wilshire Funds Management’s portfolio management group. Mr. Palmer has more than 18 years of industry experience and is responsible for creating multi-asset class, multi-manager investment solutions for financial intermediary clients. He is the Chair of Wilshire Funds Management’s Retirement Oversight Committee and a voting member of its Investment Committee. Prior to joining Wilshire Associates, Mr. Palmer provided investment advice to endowment, foundation, and family office clients at Convergent Wealth Advisors. Previously, he managed the public market investment portfolios for the endowment at the California Institute of Technology and for the defined benefit and defined contribution retirement assets at Intel Corporation. Mr. Palmer began his career as a securities analyst, where he published equity research on the technology, media, and telecom industries. Mr. Palmer graduated Phi Beta Kappa and cum laude from the University of Washington with a BA in business administration. He holds an MBA with High Distinction from the Stern School of Business, New York University, graduating as an Armando John Garville Memorial Scholar. Mr. Palmer holds the Chartered Financial Analyst designation and is an active member of the CFA Institute and the CFA Society of Los Angeles.