What is next for the
Global Allocation Fund?

Insights from the Global Allocation Team

Jul 19, 2017 / by Dan Chamby, CFA & Mike Trudel, CFA

Global Allocation Fund’s mission is to provide a core holding, suitable for a broad range of clients, and deliver a competitive rate of return with less volatility than a global stock portfolio over a full market cycle. Hear from Dan Chamby as he talks about the continuation of the investment philosophy.

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    Mike Trudel: Dan, you have been a critical part of this team for almost 25 years, and a portfolio manager on it for the past 14. You’ve got extensive experience investing in good markets and not-so-good markets. Going forward, what should investors expect from the Global Allocation Fund?

    Dan Chamby: In a word: continuity. And what do I mean by that? I am talking about continuing a process that provides returns that are high and competitive with equity markets, but with less risk. I am talking about the continuation of an investment process that focuses primarily and most intently upon security selection as the foundation of the portfolio. And we will continue to manage risks form a top down basis, but I think it’s price awareness, being price aware that will help also manage risks in the portfolio, not overpaying for securities. And in that light, I think it’s important to establish that I have been working on this team for almost a quarter century now, right. I started with the two founders, with Bryan Ison and with Dennis Stattman. I have been a student of Dennis’ for the past 24 years; I have been his partner for I think 14 years by now. And so in that length of time, I think I am deeply immersed in his investment philosophy and his approach to investing, and I believe I have also spread that same philosophy to the rest of the team. People like Kent Hogshire, with whom I’ve worked with the past 17 years. So going back to your question, what should investors expect? I will say yes, they should expect continuity - a continued focus on providing returns that are high and competitive with equity markets but with far less risk.

    Mike Trudel: So Dan, in terms of what you have learned, how has that been passed on to several members of the Global Allocation or has it been passed on?

    Dan Chamby: Yes. No, I feel I have also helped to spread the culture, the investment philosophy, the investment approach that Dennis has inculcated in all of us, to Kent for the past—I’ve worked with him for the past 17 years, David for the past seven years, Russ, more recently, and the entire team ultimately.

MALOX
Global Allocation Fund seeks a rate of return competitive with that of global stocks at a lower level of volatility over a full market cycle by diversifying broadly across the world.
Dan Chamby, CFA
Portfolio Manager, Global Allocation Team
Dan Chamby, CFA, Managing Director, is a member of the Global Allocation Team within BlackRock's Multi-Asset Strategies Group.
Mike Trudel, CFA
Global Strategist, Global Allocation Team
Michael Trudel, CFA, JD, Managing Director, is a member of the Global Allocation Team within BlackRock's Multi-Asset Strategies Group.