Sources of return – such as quality alpha – that are not structurally tied to the direction of markets can be a valuable tool for diversifying portfolios Market betas have a positive expected return but can be subject to long periods of poor performance Finding sources of return that do not rely on markets going
Matt Scales, CFA, Head of Product Development and Strategy
Matthew Scales is vice president of the strategic solutions group at Columbia Management Investment Advisers, LLC (CMIA). In this role, Mr. Scales is responsible for retail and institutional product research and development. He joined the firm in 2011 and has been a member of the investment community since 1994.
Prior to joining Columbia Management, Mr. Scales was a client advisor at Bridgewater Associates. In that role he managed all aspects of client relationships representing $1.5 billion in assets under management while also contributing to the management of an additional $11 billion in client relationships as part of the North American Public Funds team. Previously, he held several roles at Putnam Investments. Most recently, he was a senior vice president and team leader within the product management group responsible for Putnam’s global and non-U.S. equities and currency strategies. Prior to this role, Mr. Scales held a series of progressively more responsible roles with the company. These roles included ex-pat assignments in both London and Sydney where he served in a relationship management and investment specialist capacity dedicated to the European and Australian/New Zealand markets, respectively.
Mr. Scales is a graduate of Rollins College, Winter Park, Florida, and received an M.B.A. in finance from Boston University Graduate School of Management. In addition, he holds the Chartered Financial Analyst designation and is a member of the Boston Security Analyst Society.