Income Investing and Risk Management with Scott Ladner

Orion's The Weighing Machine

In today’s episode, Rusty and Robyn talk with Scott Ladner, Chief Investment Officer at Horizon Investments in North Carolina.

After majoring in economics and Russian literature in college, Scott decided that the financial industry was a better career path for him. He started as a derivatives and volatility trader for banks and hedge funds, before starting his own arbitrage hedge fund that eventually folded into Horizon Investments.

Scott talks with Rusty and Robyn about the tailwinds that are pushing the markets forward, the state of cryptocurrency, and what it means to be a truly tactical investor. He also shares strategies for how to change and evolve in a fast-paced industry.

“In a goals-based framework, the way you define the return and the way you define risk mathematically changes depending on where your client is with respect to their financial plan. Is their primary objective growing assets or protecting assets? That primary objective will help inform the primary metric we use to define risk. And that combination will drive how the money ends up being managed.” @horizoninvestment

Main takeaways

• There are consistent positive returns if you look in unlikely places. A bond portfolio is going to do well and provide positive returns.
• Like everything else in life, a portfolio is about trade-offs. Clients should think about the four most critical components of their portfolio before making decisions about allocation: liquidity, inflation protection, portfolio growth, and legacy wealth.
• Clients thrive with clear expectations. Happy clients come from clear expectations of how a product is meant to perform.

Links

• Horizon Investments
• Horizon Investments on Twitter
• Horizon Investments on LinkedIn

Connect with our hosts

• Rusty Vanneman
• Robyn Murray

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1694-OAS-5/20/2021