Mo Haghbin - Customizing Solutions from the Top Down at Invesco (EP.390)
Jun 6, 2024
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Mo Haghbin, Head of Multi-Asset Solutions at Invesco, discusses Invesco's solutions-based approach, research-driven asset allocation, and the importance of customized solutions. The conversation covers regime-based asset allocation, factor investing, and Invesco's portfolio management strategy. The chapter also explores Mo's journey from Iran to the US, diverse career path across asset classes, and influential figures in their professional growth.
Invesco prioritizes client dialogue and problem-solving over product-driven approaches in crafting strategic asset allocation solutions.
Investment approach integrates quantitative macro views with factor-based methodologies, adapting to economic cycles for dynamic asset allocation process.
Deep dives
Mo Hagbitt's Journey to Finance and Leadership at Invesco
Mo Hagbitt, the head of multi-asset solutions at Invesco, recounts his unique path from Iran to the US and through finance, underscoring the challenges and learning experiences that forged his character. He highlights the significance of adapting to new environments and the pivotal role of self-education in overcoming barriers, such as language and financial concepts. His diverse career trajectory across various asset classes and roles, from Barclays to BlackRock, has culminated in a leadership role at Invesco, emphasizing the value of varied experiences in shaping a holistic approach to multi-asset investing.
Invesco's Solutions-Based Approach to Asset Allocation
Invesco's solutions-based approach intricately focuses on strategic asset allocation tailored to specific client needs and objectives. Emphasizing a dialogue-driven process that aligns capabilities with solving client-specific problems, the firm prioritizes understanding clients' unique challenges over product-driven approaches. The methodical crafting of solutions revolves around client dialogue and comprehensive capability mapping, epitomizing a problem-to-solution mindset that leverages a broad array of internal and external resources.
Strategic Asset Allocation and Factor Driven Decisions
Invesco's strategic asset allocation hinges on a regime-based framework that harmonizes long-term return drivers with short-term tactical decisions. Through the amalgamation of historical return drivers and structural long-term bets like value, the investment approach integrates quantitative macro views with factor-based methodologies. The firm's predictive asset allocation models adapt to economic cycles, identifying sector-specific exposures aligning with distinct business cycle stages, fostering a systematic and dynamic asset allocation process.
Navigating Active-Index Balance in Asset Management
In navigating the active-passive landscape, Invesco strategically determines the balance between passive and active exposures by leveraging a rigorous manager selection process and a technological foundation. The dynamic asset allocation team modulates tactical positions based on prevailing economic conditions, flexibly adjusting factor-based exposures to capitalize on short-term market trends. Emphasizing optimal portfolio construction, the firm employs a robust process that integrates active and passive vehicles to deliver tailored solutions aligned with client objectives.