Jeffrey Sherman, DoubleLine Deputy CIO and host of The Sherman Show podcast, visits the Raise Your Average podcast to discuss what’s going on in the financial industry with Mike Philbrick, CEO of ReSolve Asset Management Global, and Pierre Daillie, Managing Editor of AdvisorAnalyst.com. Topics discussed include what DoubleLine is up to and its move into ETF products (3:12), Q1 2023 bond performance (8:00) and the banking crisis (10:54).
The three do a deep dive into what the banking crisis will mean for the economy going forward, with subjects discussed including: how it’s different from the financial crisis in 2008 (11:30), why a trio of particular banks were impacted (21:14), the fallout from tighter financial conditions (26:50) and the Fed’s response (40:41). This episode, recorded April 3, 2023, concludes with Mr. Sherman’s thoughts on risky high-duration assets (48:35) and talk on the potential impact of AI on the tech sector and the world at large (52:09).
Jeffrey Sherman, DoubleLine’s Deputy Chief Investment Officer, is a thought leader, portfolio manager and public speaker in the industry. Mr. Sherman is a member of DoubleLine’s Fixed Income and Global Asset Allocation committees, and he serves as lead portfolio manager for the firm’s multi-sector and derivative-based strategies. In his role, Mr. Sherman guides the investment teams in developing top-down macro views and collaborative asset allocation processes throughout a market cycle. Additionally, he is a member of DoubleLine’s Executive Management Committee. In 2018, Money Management Executive named Mr. Sherman as one of “10 Fund Managers to Watch” in its yearly special report. Prior to joining DoubleLine in 2009, Mr. Sherman was a Senior Vice President at TCW, where he worked as a portfolio manager and quantitative analyst focused on fixed income and real-asset portfolios. Prior to that, he was a statistics and mathematics instructor at the University of the Pacific and Florida State University. Mr. Sherman taught Quantitative Methods for Level I candidates in the USC/CFALA CFA® Review Program for many years. He holds a B.S. in Applied Mathematics from the University of the Pacific and an M.S. in Financial Engineering from Claremont Graduate University. Mr. Sherman is a CFA® charterholder.
