Jerome Clark: 'We Tend to Become Myopic in a Bear Market'

The Long View

Morningstar

Finance, Dan Lefkovitz, Amy Arnott, Entrepreneurship, Investing Leaders, Jeff Ptak, Investors, Christine Benz, Influential Investors, Careers, Long-term Investing, Financial Services, Business, Investing, Morningstar

4.5 • 775 Ratings

🗓️ 22 July 2020

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

The manager of T. Rowe Price's target-date series discusses the firm's more stock-heavy allocations, how target-date funds keep investors in their seats, and the puzzle of retirement decumulation.

Transcript

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0:00.0	At Jackson, we've created a digital retirement planning experience with you and mine.
0:05.5	Visit jackson.com to explore our easy-to-understand resources and user-friendly tools
0:10.1	that are designed to enable financial professionals and clients to plan a path to financial freedom.
0:15.5	Jackson is short for Jackson Financial Incorporated, Jackson National Life Insurance Company, Lansing, Michigan,
0:20.5	and Jackson National Life Insurance Company of New York, purchase New York.
0:26.5	Please stay tuned for important disclosure information at the conclusion of this episode.
0:32.8	Hi, and welcome to the Longview. I'm Jeff Battack, Global Director of Manager Research for Morningstar Research Services.
0:38.6	And I'm Christine Benz, Director of Personal Finance for Morningstar, Inc.
0:42.5	Our guest today is Jerome Clark. Jerome is the portfolio manager of the asset allocation
0:47.0	target date strategies and oversees the college savings plan portfolios in the multi-asset
0:52.2	division of T-Roe Price. He's also a member of the firm's asset allocation committee and serves on the multi-asset division of T-Rowe Price.
0:57.9	He's also a member of the firm's asset allocation committee and serves in the multi-asset steering committee.
0:59.6	Jerome joined T-Rowe's fixed income division in 1992 as a portfolio manager of the firm's
1:04.5	U.S. Treasury long-term bond strategy.
1:07.3	He began managing multi-asset portfolios in 2001.
1:11.2	Before joining T-Roe, Jerome was a captain in the United States Marine Corps and a mathematics
1:16.3	instructor at the U.S. Naval Academy.
1:18.9	Jerome earned his bachelor's and mathematics from the U.S. Naval Academy, his master's and
1:22.9	operations research from the Naval Graduate School, and his MBA from Johns Hopkins University.
1:28.8	Jerome is also a CFA charter holder.
1:31.4	For his accomplishments during his tenure, Morning Stars analysts recently named Jerome
1:35.2	the winner of the Outstanding Manager Award at the 2020 Morning Star Awards for Investing Excellence.
	...

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