Charles Stucke is Chief Investment Officer of Guggenheim Investment Advisors (GIA) and the Guggenheim Alternatives Platform, managing external allocation, manager research, and the investment themes practice within the Advisory group that runs a family office, suite of fund of funds, and a hedge fund platform.
Sitting down with Opalesque.TV, Charles describes what differentiates GIA’s process and his personal approach to allocating to alternative fund managers. Among the key points Stucke discusses are a top down manager selection focus on “capital need”, finding areas where capital is needed while avoiding places where capital is abundant, and then finding the best managers in those areas. He combines that approach with the strong belief in the value of behavioral finance in finding global opportunities and working with investors, and describes behavioral finance as a significant element of investing that is all but “ignored by modern finance.”
Stucke also describes how the contrarian view of markets helps to drive his unit’s manager selection process, often having to convince investors to leave sectors that have been performing well, such as the recent surge of credit strategies, and move along to the next set of good opportunities.
· Combining a top down manager selection focus on “capital need” with bottoms up due diligence process
· Evolution of strategies post 2008 from European credit strategies to more aggressive European equities
· Why event-driven strategies are compelling in the next 2-5 year time frame
· Event, long-short equity, global macro increase safety through hedging
· Flaws of a framework relying on risk parity
· Exiting top performing markets of the past, and the value of contrarianism
Charles Stucke is the Chief Investment Officer of Guggenheim Investment Advisors, an SEC registered investment advisor. Mr. Stucke also serves as Chair of Guggenheim Investment Advisors’ Investment Committee and is associated with Guggenheim Investor Services and Guggenheim Advisors. Prior to joining Guggenheim in 2006, Mr. Stucke was an Executive Director on the Portable Alpha Team at Morgan Stanley Alternative Investment Partners (Morgan Stanley AIP), where he opened and managed the firm’s London-based European alternative investments research office. Mr. Stucke has experience in the alternative investments, private equity, mezzanine, structured debt (public and private, taxable and tax-exempt) and interest rate derivative markets in New York, Chicago, London, Philadelphia, Berlin and St. Louis. He holds an A.B. and an M.B.A. (first in class) from the University of Missouri and a Master’s in International Affairs from Columbia University. He is a CFA charterholder and holds the FINRA Series 7, 52 and 63 licenses.
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Charles Stucke is Chief Investment Officer of Guggenheim Investment Advisors (GIA) and the Guggenheim Alternatives Platform, managing external allocation, manager research, and the investment themes practice within the Advisory group that runs a family office, suite of fund of funds, and a hedge fund platform.
Sitting down with Opalesque.TV, Charles describes what differentiates GIA’s process and his personal approach to allocating to alternative fund managers. Among the key points Stucke discusses are a top down manager selection fo
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