The Sherman Show host Jeffrey Sherman, deputy CIO of DoubleLine, closes out his end-of-the-year guest tour on The Investors First Podcast, produced by CFA Society Orlando. Investors First hosts Colby Donovan and Steve Curley get Mr. Sherman’s take on the investment landscape heading into the new year, including, the price of money (4:06), inflation (6:15), whether or not he expects a Fed pivot (9:06) and where he sees opportunity in the credit markets (18:36). On 2023 being a challenging year, Mr. Sherman notes, “It’s not challenged from investing. It’s just challenged from the uncertainty and the direction that investors are going to want to tilt their portfolio.”
The three also discuss, among other topics, the strength of the U.S. dollar (25:11) and expected returns for equities and fixed income (30:42). “I think it’s very easy to put a relatively high-quality credit book together that has a 6-handle yield,” Mr. Sherman says, “and it’s probably a high-6 handle.” This episode was recorded Dec. 19, 2022.
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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.
