Morning Espresso with Jeffrey and Steven - 14.10.2020 (SPA)- Sólo para inversores profesionales
NAM - Stay Alert
Sólo para inversores profesionalesMorning Espresso - 14.10.2020Guest speaker: Jeffrey Sherman, Deputy CIO at DoubleLine Capital LP and Steven Friedman, Senior Macro Economist at MacKay Shields LLCTopic: The road to the White HouseDisclaimer:Los subfondos citados forman parte de la SICAV Nordea 1, una sociedad de inversión colectiva de capital variable luxemburguesa (Société d’Investissement à Capital Variable) constituida y debidamente autorizada conforme a las leyes de Luxemburgo, de acuerdo con lo establecido en la Directiva Europea 2009/65/CE del 13 de julio de 2009. El presente Podcast es material publicitario y no divulga toda la información relevante relativa a los subfondos. Cualquier decisión de inversión en los subfondos deberá realizarse sobre la base de la información contenida en el último folleto informativo y del Documento de Datos Fundamentales para el Inversor (KIID) actualizado, que se pueden solicitar de forma gratuita, junto con el último informe anual y semestral, en versión electrónica en inglés y en el idioma del país en el que la citada SICAV se encuentra autorizada para su distribución, a Nordea Investment Funds S.A., 562, rue de Neudorf, P.O. Box 782, L-2017 Luxembourg o en la dirección de cada uno de los distribuidores autorizados de la SICAV. El presente Podcast está dirigido a inversores profesionales y, en ningún caso, podrá reproducirse ni divulgarse sin consentimiento previo y no podrá facilitarse a inversores privados.
Morning Espresso with Jeffrey and Steven - 14.10.2020 (ITA)- Solo per investitori professionali
NAM - Stay Alert
Solo per investitori professionaliMorning Espresso - 14.10.2020Guest speaker: Jeffrey Sherman, Deputy CIO at DoubleLine Capital LP and Steven Friedman, Senior Macro Economist at MacKay Shields LLCTopic: The road to the White HouseDisclaimer:I comparti citati fanno parte di Nordea 1, SICAV, una società di investimento a capitale variabile (Société d'Investissement à Capital Variable) con sede in Lussemburgo, costituita validamente ed in esistenza in conformità alle leggi in vigore in Lussemburgo e alla direttiva n. 2009/65/CE del 13 luglio 2009. Il presente podcast contiene materiale pubblicitario e potrebbe non fornire tutte le informazioni rilevanti rispetto al/i fondo/i presentato/i. Gli investimenti riguardanti i fondi Nordea devono essere effettuati sulla base del Prospetto informativo e del Documento contenente le informazioni chiave per gli investitori (KIID), che sono disponibili sul sito internet www.nordea.it, insieme alle relazioni semestrali e annuali, e ad ogni altra documentazione d'offerta. Tale documentazione, sia in inglese che nella lingua locale del mercato in cui la SICAV indicata è autorizzata per la distribuzione, è anche disponibile senza costi presso Nordea Investment Funds S.A., 562, rue de Neudorf, P.O. Box 782, L-2017 Lussemburgo, e in Italia, presso i Soggetti collocatori. Il Prospetto ed il Documento contenente le informazioni chiave per gli investitori (KIID) sono stati debitamente pubblicati presso la Consob. Questo podcast contiene informazioni esclusivamente riservate ad investitori professionali e consulenti finanziari e non è pensato per una divulgazione generica.
Morning Espresso With Jeffrey Sherman And Steven Friedman - 14.10.2020 (GER)
NAM - Stay Alert
For professionals onlyMorning Espresso - 14.10.2020Guest speaker: Jeffrey Sherman, Deputy CIO at DoubleLine Capital LP and Steven Friedman, Senior Macro Economist at MacKay Shields LLCTopic: The road to the White HouseDisclaimer:Die genannten Teilfonds sind Teil von Nordea 1, SICAV, einer offenen Investmentgesellschaft luxemburgischen Rechts, welcher der EG-Richtlinie 2009/65/EG vom 13. Juli 2009 entspricht. Bei dem vorliegenden Podcast handelt es sich um Werbematerial, es enthält daher nicht alle relevanten Informationen zu den erwähnten Teilfonds. Jede Entscheidung, in den Teilfonds anzulegen, sollte auf der Grundlage des aktuellen Verkaufsprospekts, der Wesentlichen Anlegerinformationen (KIID) sowie des aktuellen Jahres- und Halbjahresberichts getroffen werden. Die genannten Dokumente sind in elektronischer Form auf Englisch und in der jeweiligen Sprache der zum Vertrieb zugelassenen Länder auf Anfrage unentgeltlich bei Nordea Investment Funds S.A., 562, rue de Neudorf, P.O. Box 782, L-2017 Luxemburg oder bei den jeweiligen länderspezifischen Vertretern bzw. Informationsstellen oder bei den berechtigten Vertriebsstellen erhältlich. Dieser Podcast enthält Informationen für institutionelle Anleger und Anlageberater und ist nicht zur allgemeinen Veröffentlichung bestimmt.
Morning Espresso with Jeffrey and Steven - 14.10.2020 - For professional investors only
NAM - Stay Alert
For professional investors onlyMorning Espresso - 14.10.2020Guest speaker: Jeffrey Sherman, Deputy CIO at DoubleLine Capital LP and Steven Friedman, Senior Macro Economist at MacKay Shields LLCTopic: The road to the White HouseDisclaimer:The sub-funds mentioned are part of Nordea 1, SICAV, an open-ended Luxembourg-based investment company (Société d'Investissement à Capital Variable), validly formed and existing in accordance with the laws of Luxembourg and with European Council Directive 2009/65/EC of 13 July 2009. This podcast is advertising material and does not disclose all relevant information concerning the presented sub-funds. Any investment decision in the sub-funds should be made on the basis of the current prospectus and the Key Investor Information Document (KIID), which are available, along with the current annual and semi-annual reports, electronically in English and in the local language of the market where the mentioned SICAV is authorised for distribution-, without charge upon request from Nordea Investment Funds S.A., 562, rue de Neudorf, P.O. Box 782, L-2017 Luxembourg, from the local representatives or information agents, or from our distributors. This podcast contains information only intended for professional investors and financial advisers and is not intended for general publication.
Wendy Liebman and Jeffrey Sherman are among the world’s most adorable couples. The cutest thing about them being that they are each other’s biggest fans. Wendy is a comedian with a unique wordplay afterthought style that has taken her to The Tonight Show, Letterman, HBO and Comedy Central Specials. Her husband Jeffrey Sherman is an accomplished writer/producer/musician whose credits include Boy Meets World, Up The Creek and an award winning documentary about his father and uncle, Disney composers Robert and Richard Sherman. Plus Fritz and Weezy’s media path travels through the works of Ta-Nehisi Coates, Christopher Buckley, Barbara Kopple, and the legacy of Ruth Bader Ginsburg with books by Jeffrey Toobin and Jan Crawford Greenburg.Between The World and Me by Ta-Nihasi CoatesMake Russia Great Again by Christopher BuckleyDesert OneThe Nine by Jeffrey ToobinThe Oath by Jeffrey ToobinSupreme Conflict: The Inside Story of the Struggle for Control of the United States Supreme Courtby Jan Crawford GreenburgWendy LeibmanWendy Standup Set on YoutubeJeffrey ShermanUp The CreekThe Boys: The Sherman Brothers StoryThe Boys trailerWendy Liebman: Taller on TVWendy on Twitter and Instagram@WendyLiebman
“It was one of the worst markets we’ve ever seen” - Deputy CIO at DoubleLine Jeffrey Sherman joined Joe Cass and Sudeep Kesh on Fixed Income in 15 to discuss Central Bank actions, Jeffrey's experience working as number 2 to Jeffery Gundlach and the Hollywood movie ‘Moneyball’.
DoubleLine’s Jeffrey Sherman: Bond Bear Market is Pausing but Not Over!
Erik Townsend and Patrick Ceresna welcome Jeffrey Sherman to MacroVoices. Erik and Jeffrey discuss the big picture outlook on the economy, bonds and interest rates. They ask if there is a recession coming in the U.S. and how much upside on the U.S. Dollar? They further debate how will the economy deal with higher rates and inflation, the outlook on gold and commodities.
Jeffrey Sherman on Trading in Academics for Fund Management
Masters in Business
Bloomberg View columnist Barry Ritholtz interviews Jeffrey Sherman, CFA, deputy chief investment officer at DoubleLine Capital LP. Sherman is also a member of DoubleLine’s executive management and fixed income asset allocation committees. He additionally serves as a portfolio manager for derivative-based and multi-asset strategies. Previously, he was a statistics and mathematics instructor at University of the Pacific and Florida State University. He also taught quantitative methods for Level I candidates in the CFALA/USC Review Program. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
#74 - Jeffrey Sherman - “There's This 'Buy-the-Dip;' Mentality... Do You Play in It, or Just Shake Your Head?"
The Meb Faber Show
In Episode 74, we welcome Jeffrey Sherman from DoubleLine. We start with Jeff’s background – it’s a fun recap, including stories of running the scoreboard for The Stockton Ports… being a bank teller… earning graduate degrees… there’s a brief aside into catastrophe bonds which is a good primer if you’re less familiar with them… then back into Jeff’s background with DoubleLine. This dovetails into Meb asking about the type of shop DoubleLine is, as well as its overall investing framework. We learn that DoubleLine will go into whatever market it finds interesting. They’re also a macro shop, which led them to fixed income. After all, Jeff tells us “If you want to know what’s going on in the world macroeconomically, the bond market tells you.” Next, Meb asks how the world looks to Jeff today. Everything is growing, but it’s not the same old growth. The difference is debt. Overall, it has been a positive environment for investing; inflation is low, but the price of assets now reflects this good environment and people are projecting that forward – but it’s not realistic. Many assets are expensive now. Jeff puts a point on the situation by saying “There’s this ‘buy-the-dip’ mentality… Do you play in it or just shake your head?” The guys cover lots of ground here: Prices in the bond market have gotten ridiculous… Policy mistakes from the Fed… How this is “The Jay Cutler bull market” meaning it’s very “ho-hum”... how Europe is growing at the same rate as the U.S., yet they are continuing to do QE, while we’ve hiked rates four times… we’re talking about unwinding bonds while they’re buying – there’s a disconnect. And we don’t truly know what unwinding is going to look like. This leads into a great discussion of bonds and how they respond to a rising rate environment. As Meb notes, most people hear “interest rates are going up” and they think “bond prices must be going down.” But that doesn’t have to be the case. Jeff dives into some great detail here on the math behind bond returns and rising rates. If you’re a bond guy, make sure to catch this part of the episode. A few twists and turns later, Meb brings up a DoubleLine fund that combines U.S. equities in various sectors, paired with a fixed income component. He asks how is it designed, the benefit, and so on. Amongst other details Jeff tells us, we learn that the fund applies a sector rotation strategy based on Professor Shiller’s CAPE ratio. Historically, people have used CAPE to evaluate markets. Jeff wondered why one couldn’t apply it to smaller subsets of the markets – sectors. For instance, utilities and tech have different profiles re: beta and whatnot. So why not take each sector’s CAPE and compare it to its own CAPE history? You then look for the cheapest sectors of the market. And you can avoid buying a value trap by apply momentum (in Jeff’s strategy, they throw away the worst one-year momentum sector). Meb asks which sectors look good from a CAPE perspective now. Jeff tells us he’s looking at technology, consumer discretionary, consumer staples, and health care. He was looking at energy, but he booted it due to its bad momentum. He tells us another high flier is the financial sector. Up 35% or so since the election. Meb asks a Twitter question next – how much does DoubleLine incorporate technicals into their process? Jeff tells us that he uses technical more on trade implementation and things that are hard to value like FX. There’s so much more in this episode: sentiment… Trump, and the D.C. status quo… commodities… the “Four Asset” portfolio… More write-in questions from Twitter… a quick descent into a crypto-rant… the biggest mistakes Jeff is seeing investors make… and of course, his most memorable trade. What were the details? Find out in Episode 74.