January 5, 2023 | The Sherman Show

TSS Episode 130: Other Way ’Round, Bro III

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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About the Host

About the Host

  • Jeffrey Sherman, CFA

    Jeffrey Sherman, CFA

    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, 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.