Perspectives Blog

Jeffrey Knight, CFA, Head of Global Asset Allocation

Jeffrey Knight is Head of Global Asset Allocation for Columbia Management. Mr. Knight oversees our broad suite of asset allocation and risk allocation strategies including capital allocation, risk allocation, risk parity and total return funds. He leads a team of six portfolio managers and serves as the lead manager of our capital allocation and risk allocation funds. Mr. Knight joined the firm in 2013 and has been a member of the investment community since 1987.

Prior to joining the firm, Mr. Knight was Head of Global Asset Allocation at Putnam Investments where he managed numerous mutual funds and institutional strategies. He began his career at Putnam in 1993 as a Senior Analyst in the Global Asset Allocation group. A founding member of the team, he was instrumental in the development and implementation of the group’s quantitative models and methodologies. While at Putnam, Mr. Knight authored the firm’s Capital Market Outlook quarterly publication. Previously, he was a Senior Associate in tax services at Coopers & Lybrand, a Financial Analyst in the federal systems division at IBM and started his career as a Staff Economist at Economic Consulting Services, Inc.

Mr. Knight earned a B.A. from Colgate University and an M.B.A. from the Tuck School of Business at Dartmouth College. In addition, he holds the Chartered Financial Analyst designation.

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Three tools for a resilient portfolio

Jeffrey Knight, CFA, Head of Global Asset Allocation | January 15, 2014

Portfolio resilience refers to the ability of a portfolio to withstand unanticipated adversity and to respond from that adversity. Effective diversification requires thinking not only about allocating the assets in a portfolio but about allocating the risks. A flexible strategy enables a portfolio to adapt to changes in the relative attractiveness of different risks. Watch:

Asset allocation chart December 2013

Jeffrey Knight, CFA, Head of Global Asset Allocation | January 6, 2014

Updates from previous allocations: We remain modestly overweight equities because we expect them to outperform bonds as central banks remain accommodative. Leading indicators are improving, suggesting better global growth ahead. We expect cash and fixed income to underperform and we also continue to favor absolute return strategies. We remain underweight U.S. equity allocations mainly on