Today on the podcast, Ben Vaske is joined by Fritz Folts from 3EDGE Asset Management. Fritz has over 25 years of investment and portfolio management experience. Prior to 3EDGE, he served for over 12 years on the investment committees at both Windward and Windhaven Investment Management, Inc. He also served as Chief Investment Strategist while at Windhaven. Fritz began his career at The Boston Company, where he ultimately served as Director of Global Funding for the then newly formed Boston Safe Deposit & Trust Co., (U.K.) Ltd., in London, England. 

He holds a BA in Government from Connecticut College and an MBA from IESE (Instituto Estudios Superiores de la Empresa) in Barcelona, Spain, one of Europe’s pre-eminent business schools. He is the former Chair of the Board of Trustees at Connecticut College and now serves as Trustee Emeritus. While on the Board at Connecticut College Fritz was also a member of the Investment Committee for the college endowment. Fritz currently serves as Chair of the Investment Committee for the Concord Museum, which was recently voted the #1 Small Town Museum in America by USA Today. He is also a member of the Investment Committee of the Umbrella Center for the Arts in Concord, MA. Fritz resides in historic Concord, Massachusetts, with his wife, Cathy.

Key Takeaways

• What is Fritz’s favorite home-cooked meal or recipe?
• Learn a bit about Fritz’s career path, how he became a co-founder and what 3EDGE Asset Management focuses on lately.
• When Fritz initially launched 3EDGE, what were his thoughts on doing something differently from traditional asset managers?
• How has Fritz’s personal investment philosophy evolved in the past couple of decades?
• When Fritz thinks about multi-asset investing, how does he define it and how does he utilize it?
• How does Fritz think about blending more of an MVO type, strategic asset allocation and a tactical exposure? Is one better than the other and  can they compliment each other?
• How has the explosion of ETFs really increased the opportunity set out there for investors?
• How have ETFs  helped 3EDGE’s risk management become more precise?
• In Fritz’s eyes, what are “the seasons of the market” and what do they mean for his investors and the overall 3EDGE strategy?
• What signals does Fritz look for that might indicate the market’s “season” is changing and has his view on this shifted in recent years?
• How does the 3EDGE risk management process shift across the different seasons of the market?
• What would be a reasonable measure of success for a multi-asset manager?
• What’s Fritz’s go-to advice for how to tell a client about the potential benefits of moving away from traditional benchmarks?
• How does implementing some sort of multi-asset strategy really simplify the job of an advisor?
• Does Fritz’s conversation with clients change during moments of market stress or does it just become a reinforcement of what he’s already been saying?
• What parts of the investment landscape are most interesting to Fritz at the moment?
• How does Fritz see the multi-asset investing landscape continuing to evolve?

Links

• Fritz Folts on LinkedIn
• 3EDGE Asset Management
• 3EDGE Week in Review Video Series
• 3EDGE Commentary Paper  – The Power of Multi-Asset Investing

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