Dakota Live! Podcast: The Art and Science of Investing with PFM Asset Management

In this insightful episode of the Dakota Live! podcast, host Robert Morier engages in a thought-provoking conversation with Alex Gurvich, Director of Investment Research and Head of Asset Allocation for PFM Asset Management. The episode delves into the intricate world of investment decision-making, with a focus on understanding the complexities behind manager research and asset allocation. Alex shares his rich experience spanning over 25 years in various sectors of finance, including his transition from a physics background to a career in finance. His journey illuminates the multifaceted nature of the investment industry and the intellectual rigor required to navigate its challenges.

PFM Asset Management is a leading Outsourced Chief Investment Officer (OCIO), working with organizations of all sizes across the nation and have $166.3 billion in assets under management as of September 30, 2023. The firm’s focus is solely on institutional clients, including cities, counties, school districts, pension funds, utilities, insurance pools, higher education, and healthcare institutions.

One of the most engaging aspects of the episode is Alex's detailed explanation of the process and philosophy behind selecting investment managers. He emphasizes the importance of understanding a manager's approach to investments, their decision-making processes, and their ability to navigate various market conditions. The conversation particularly highlights the blend of art and science in manager research, underscoring the importance of qualitative assessments alongside quantitative analyses. This inside look into manager selection offers listeners valuable insights into the subtleties of portfolio management and investment strategy.

Alex also discusses the evolution of his own role and the importance of adapting to the changing dynamics of the finance industry. He stresses the need for continuous learning and flexibility, sharing personal anecdotes that reveal the challenges and opportunities encountered in his career. This theme of adaptability resonates throughout the podcast, providing a compelling narrative for listeners interested in the ever-evolving landscape of finance and investment.

The episode concludes with a reflection on the importance of education in Alex's career. He shares his experiences as a teacher and student, emphasizing the value of fostering a learning environment and the impact of nurturing future professionals in the field. This focus on education not only highlights Alex's commitment to the growth of the industry but also serves as an inspiration for listeners at all stages of their professional journeys. The podcast is a must-listen for anyone interested in the intricacies of investment management and the personal growth that accompanies a career in finance.

Disclaimer:

PFM Asset Management LLC ("PFMAM") is an investment adviser registered with the U.S. Securities and Exchange Commission and a subsidiary of U.S. Bancorp Asset Management, Inc. ("USBAM").  USBAM is a subsidiary of U.S. Bank National Association ("U.S. Bank").  U.S. Bank is a separate entity and subsidiary of U.S. Bancorp.  U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM.