San Antonio Business Journal
Interview with Sam Boldrick, III CIO & Managing Director on Oct. 14, 2011

PRINTABLE VERSION

What is difficult about global investing in managing a balanced portfolio?
Successfully investing in domestic assets is challenging work. To invest in foreign markets, Americans are dealing with different time zones, currencies, depository relationships, and more.

Further complicating the issue is the distinction between developed foreign markets (think Western Europe, Japan, Australia, etc.) and less-developed or emerging markets (China, India, Brazil, Russia, etc.). There are even investment managers working in startup or "frontier" markets in the Middle East, or certain countries in Africa.

Historically, most American investors have been relatively myopic regarding exposure to foreign investments. Concerns over long-term U.S. dollar debasement, a need for greater diversification, and foreign demographic trends have changed that Most of our clients understand that exposure to select foreign assets will likely lower risk and increase their portfolio returns over time.

How does your firm keep up?
We work diligently to keep a handle on the macro and local issues which affect the domestic and foreign assets in our client portfolios. We have access to any number of news services, analytical publications and consultants. We remain nimble by staying informed and being relatively small.