With market volatility picking up and unique things happening on almost a daily basis, my conversation today with Jeff Shulze, CFA and Investment Strategist withClear Bridge investments is both timely and full of perspective. In classic 401(k) Fridays Podcast fashion be define a few important terms and concepts that keep popping up in the headlines and offer some perspective on how they are moving markets, the economy or both. Jeff also offers a few points of optimism and his input on what could impact the markets in 2019 and beyond.
Guest Bio
Jeffrey is an Investment Strategist and oversees capital market and economic research, contributing thought leadership on these topics that is frequently quoted in the financial media, including the Wall Street Journal, CNBC and CNN. He joined ClearBridge Investments in 2014 and has 13 years of investment industry experience. Prior to joining ClearBridge, Jeffrey was a Portfolio Specialist at Lord Abbett & Co., LLC. He received a BS in Finance from Rutgers University. He is a member of the CFA Institute.
401(k) Fridays Podcast Overview
Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over one hundred prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!
Stable value funds, what are they, how do they work and what should you consider if you have one, thinking about moving to a new one or making the switch from a money market account. My guest, Bob Madore, a Vice President and Stable Value Portfolio Manager with T. Rowe Price answers these questions and much more. I start out with a pretty pointed question right out of the gate that sets the tone for the rest of the conversation. We also cover in great detail the impact of interest rates on stable value funds, why managers have been enforcing their exit provisions and clarify some confusing terms and concepts around stable value. This is a must listen and very timely.
Guest Bio
Bob Madore is a portfolio manager in the Fixed Income Division at T. Rowe Price. Mr. Madore has lead portfolio management responsibilities for the Stable Value Strategy as well as several large Stable Asset Management team accounts. He is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price Trust Company.
Mr. Madore has 37 years of investment experience, 16 of which have been with T. Rowe Price. Prior to joining the firm in 2001, he was a senior vice president and portfolio manager at Putnam Investments. At Putnam, Mr. Madore had senior-level responsibility for its stable value business, which included Putnam's Stable Value Fund. Before joining Putnam, he was a founding partner at Fiduciary Capital Management.
Mr. Madore earned a B.A. from the University of Connecticut. He served on the Board of Directors of the Stable Value Investment Association from 2002 to 2007 and again from 2015 to present, currently serving his fourth three-year term. Mr. Madore also is an active member of its Accounting and Government Relations Committees.
401(k) Fridays Podcast Overview
Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over one hundred prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!