Today on the podcast, Ben Vaske is joined by James St. Aubin from Ocean Park Asset Management. James St. Aubin, CFA®, CAIA®, is Chief Investment Officer and Portfolio Manager for Ocean Park Asset Management. He has oversight of all Investment Management department activities, in collaboration with Co-founders David Wright and Kenneth Sleeper. An experienced investment management executive, his career of more than 20 years includes leadership roles in asset allocation, manager research and portfolio construction. James earned a Bachelor of Science in Finance from DePaul University and is a CFA® and CAIA® Charterholder.

Key Takeaways

What is James’ favorite home-cooked meal or recipe?
Learn more about James’ role at Ocean Park Asset Management and what they do at Ocean Park.
What does the imagery of a rubber duck mean to Ocean Park as a symbol?
What are the problems with relying solely on Standard Deviations as a measure of risk?
How should advisors start to incorporate “fat tails” into their portfolio construction process?
In what environments do classic diversification strategies become unreliable?
When investors invest in a core bond allocation, like the Bloomberg US Aggregate Index, what are investors really getting?
How does James think about duration and depth, when it comes to pain or loss, and how they impact portfolios?
What does James mean when he talks about “winning by not losing?”
What is the “sequence of returns” risk, who does it impact the most and how does James limit it?
What are some of the risks that James is seeing in the markets right now that others may not be considering and what does he think is already priced in?
What should advisors and investors understand about trend-following strategies and are there any tradeoffs when using trend following?
How does Ocean Park fit within a broader portfolio and compliment, or even replace, a buy and hold type portfolio for certain investors?

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