Christopher Pavese, CFA, holds several positions within the Broyhill family offices, serving as chief investment officer at Broyhill Asset Management and BMC Fund, Inc., an SEC-registered investment company. His primary responsibilities include macroeconomic research, strategic asset allocation, portfolio construction, and individual security selection. Previously, Pavese worked as a vice president and portfolio manager at JPMorgan Private Bank, where he managed more than $1 billion in discretionary assets for trusts, endowments, foundations, and high net-worth individuals. He served as an active member of the JPMorgan Private Bank Investment Team as well as the firm's trust and investment committee, where he assisted in the construction of the private bank's model portfolios and monitored the bank's fiduciary relationships. Pavese serves as president of the board for CFA North Carolina. He holds a BS in Finance from Pennsylvania State University.
During the first five months of the year, risk assets marched steadily higher as central bank asset purchases abolished volatility from financial markets. In the wake of a more hawkish Fed, this veneer has begun to crack, with rising turmoil … Read more
Earlier this month, we outlined our investment thesis in shares of Hospira (HSP) on a napkin, which is illustrated below. Feel free to roll up your sleeves, wipe your hands and have a look at the full report, which is … Read more
The bear case on Apple is well known and widely accepted today. As a reformed Apple short, I understand the thesis well. The company’s profits are largely driven by one or two products and its future success largely dependent upon … Read more
Our recent presentation on Oaktree (OAK) has generated significant interest from friends and investors, and so we’d like to address a few follow-up questions we’ve received and add some more color to our original analysis. Because Howard Marks, CFA, is … Read more