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Name: Renaud Perrat
Position: Financial advisor
Company name: ACP Securities
Location: Miami, USA
What’s at the top of your to-do list:
We currently have a leading alternative investment platform and our ongoing goal is to maintain our leadership position. This sets us apart from financial institutions that rely heavily on traditional stocks and bonds. Recognizing that the alternative space is increasingly accessible to accredited investors, through strategic analysis of diverse products and collaboration with our client base, we strive to achieve superior risk-adjusted returns over the long term. I will try my best.
Best fund manager conference:
Among our recent meetings with fund managers, one that stands out is our meeting with the Blue Owl Credit Income fund. We were impressed with their comprehensive understanding of the risks and opportunities in the private credit industry, making them an outstanding choice.
Worst fund manager conference:
I don’t want to name specific funds, but some of the funds entering the alternative space lack expertise or track records, and some are motivated primarily by economic reasons. It is important to avoid such funds and focus on funds with solid fundamentals.
Three funds to watch:
blue owl credit income It remains the top choice in the private credit space. Barings Private Credit This fund is valued for its prudent approach in current market conditions. In the private equity field, blackstone evergreen fund and golden tree master The Global Bond Fund is also worth noting.
Challenges faced when dealing with clients:
During times of market volatility, customer emotional responses can be a challenge. I prioritize anticipating emotional reactions and emphasize the importance of asset allocation to prevent impulsive decision-making during such times. Our focus on risk-adjusted returns and defensive strategies allows us to effectively navigate difficult times and ensure our clients achieve their long-term financial goals.
Favorite quote or motto:
Following the wisdom of John Kenneth Galbraith, “There are two kinds of forecasters: those who don’t know, and those who don’t know don’t know.” I avoid speculative market timing. I prioritize long-term strategies over short-term speculative decisions because I understand unpredictability.
If you didn’t get this job, what do you think you would be doing:
Given my passion for sport fishing, I would probably pursue a career related to this interest, if not in the financial industry. Living a life aligned with your passions is essential to feeling fulfilled.
3 dream dinner guests:
- Warren Buffett: As a leader and the greatest investor of all time, having dinner with him at a Berkshire Hathaway event would be an invaluable experience.
- Howard Marks: A master of market psychology, his insights are invaluable in the financial world and he is the ideal guest for thought-provoking conversations.
- Rafael Nadal: Known for his unparalleled mental resilience in sport, sharing a meal with Nadal will be an opportunity to learn from his ability to remain calm and make the best decisions in difficult situations.
Advice for those new to the industry:
For successful financial advising, prioritize understanding your clients emotionally, providing ongoing education, and establishing a strong network. We emphasize the importance of sound asset allocation, especially when market volatility is high. Remember, this is a marathon, not a sprint. We always put our clients’ interests above all else.
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