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).
As DoubleLine’s Deputy Chief Investment Officer, Jeffrey Sherman oversees and administers DoubleLine’s Investment Management sub-committee coordinating and implementing policies and processes across the investment teams. He also serves as lead portfolio manager for multi-sector and derivative-based strategies. Mr. Sherman is a member of DoubleLine’s Executive Management and Fixed Income Asset Allocation Committees. He can be heard regularly on his podcast “The Sherman Show” (Twitter @ShermanShowPod, ShermanShow@Doubleline.com) where he interviews distinguished guests, giving listeners insight into DoubleLine’s current views. In 2018, Money Management Executive named Jeffrey 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. He was a statistics and mathematics instructor at both the University of the Pacific and Florida State University. Mr. Sherman taught Quantitative Methods for Level I candidates in the CFA LA/USC 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 the Claremont Graduate University. Mr. Sherman is a CFA® charterholder.