Tactical Investment Strategies with James St. Aubin and Kenneth Sleeper
In this episode, Rusty and Robyn talk with Kenneth Sleeper, Ocean Park Asset Management's Co-Founder, Co-Managing Director, and Portfolio Manager. Also joining them is James St. Aubin, Chief Investment Officer for Sierra Mutual Funds and Ocean Park Asset Management. Kenneth oversees all aspects of the organization's activities, including asset management, research, and client relationships. Before co-founding Sierra Investment Management, the parent company of the Sierra Mutual Funds and Ocean Park Asset Management, Kenneth applied his extensive background in statistical and computer applications to develop and refine computerized techniques for reducing downside risk. James, on the other hand, is an accomplished investment management executive. His experience in over 20 years in the industry includes asset allocation, manager research, and portfolio construction leadership roles. Kenneth and James talk with Rusty and Robyn about how they manage portfolios in today's market environment, what strategies they're implementing in their investments, and how they help investors stay calm, carry on, and stay on course during market downturns. Key Takeaways [03:41] - Why Ocean Park Asset Management was founded. [06:51] - An overview of James St. Aubin's career in wealth management. [08:30] - The factors influencing the market's movement. [12:32] - How Ocean Park Asset Management manages portfolios in the current market environment. [14:09] - How Ocean Park Asset Management helps investors stay calm and carry on in the face of market negativity. [17:18] - How James and Ken manage client expectations. [21:19] - What James and Ken say about geopolitical turbulence. [23:39] - How Ocean Park Asset Management uses tactical analysis in its investment process. [26:05] - How James keeps his mental and physical health to perform at his best. [29:05] - The people Ken and James are grateful for professionally. [32:13] - James and Ken's recommendations for content. Quotes [10:02] - "2022 has been about dealing with the consequences of the policy mistake, a double whammy of rate hikes and QT (Quantitative Tightening) at a pace and up to a level not easily digested by financial markets. Think about it as a shock and awe in the opposite direction, but this time it's intended to beat inflation." ~ James St. Aubin [13:41] - "We can't predict what the future holds, but we have a lot of history showing that this will eventually work itself out. It's just patience that's required right now. And that goes to the heart of investor education for all professionals that manage money." ~ Kenneth Sleeper [20:05] - "The number one value add for advisors is keeping them from capitulation in times of stress. This, too, shall pass is a perfect phrase for both up and down markets, honestly not to get people too greedy or fearful that we have to stay the course. The key ingredient to success is ensuring that this environment does not knock them off their path." ~ James St. Aubin Links Kenneth Sleeper James St. Aubin Ocean Park Asset Management I Won't Back Down by Tom Petty Stranglehold by Ted Nugent Skip Schweiss Ryan Harder Investment Advisory | HighMark Capital Management Why We Sleep: Unlocking the Power of Sleep and Dreams by Matthew Walker Victor Zhang Wilshire American Century Investments Michael Covel's Trend Following Jim Bianco Barron's The Wall Street Journal Connect with our hosts Rusty Vanneman Robyn Murray Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts 2142-OPS-11/8/2022