(Re)globalization: Unlocking Investment Opportunities in a Changing World – New York Life Investments – 10.30.23

Summary:

Now On Demand

Amidst the backdrop of unprecedented global disparities, mounting geopolitical tensions, and the increasing visibility of climate change, the dynamics of globalization are in a state of profound transformation. The traditional emphasis on cost reduction and efficiency is shifting towards a new paradigm that prioritizes security and access to critical resources in an interconnected world.

In our exploration, we delve deep into the critical supply chains of technology, energy, and the global financial system, revealing surprising insights that challenge the prevailing narrative of deglobalization. We believe a more investable future centered on (re)globalization is emerging, offering unique opportunities for investors – especially in infrastructure.

Join our upcoming webinar, where we bring together industry experts Daniel Foley, CFA, Portfolio Manager at CBRE Investment Management, and Bob Burke, CFA, Managing Director and Portfolio Manager at MacKay Municipal Managers.

Register now and secure your spot in this thought-provoking webinar as we embark on a journey to explore the investment horizons of tomorrow.

Speakers:

Daniel Foley is a Portfolio Manager and, as a member of the firm’s Listed Real Assets Securities Global Infrastructure Research Team, is responsible for evaluating listed infrastructure companies in the communications sector globally, as well as the transportation and utilities sectors in the Americas region.

Dan joined the business’s predecessor firm in 2006 and has over 15 years of financial industry experience. In his tenure with CBRE Investment Management and its predecessor firm, Dan has gained extensive, multi-disciplined experience evaluating real assets securities spanning developed and emerging markets across the globe. He has been an active member of the firm’s Global Infrastructure Research Team since its inception.

During Dan’s long tenure with the firm he has covered wide-ranging business models. In his time as a Senior Analyst within the real estate team he worked alongside both the Americas and Asia-Pacific based groups covering core real estate sectors such as retail and multifamily to homebuilders and niche real estate sectors. The experience of rigorous cash flow modeling, fundamental analysis, management interaction, site visits and board level interaction, along with a global perspective and cross-discipline background translated well into the needs of the Infrastructure team.

Dan’s role on the infrastructure team has also evolved as he has taken on a growing set of responsibilities including facilitating interaction with the private infrastructure team in Toronto, being instrumental in the development of tools used by the team, offering leadership and guidance to members of the team, and providing backup support to run weekly investment team meetings. As a Portfolio Manager, he is involved in implementing portfolio construction and interfacing with the market.

• M.B.A., Villanova University, 2012
• B.S., Drexel University, 2004 (magna cum laude)

• Chartered Financial Analyst (CFA)
• Member of the Edison Electric Institute (EEI)

Bob joined MacKay Shields in July 2017. Before joining the firm, Bob held various leadership roles in Capital Markets over the last 30 years, spending the majority of his time in the Municipal Markets. In his last role working for Bank of America Merrill Lynch, he managed the Global Futures, Derivative Clearing, and Foreign Exchange Prime Brokerage businesses for the bank. Prior to that, Bob ran Credit Hedge Fund Sales, the group that was responsible for marketing credit & interest rate derivatives, as well as CLOs and structured products to institutional investors. He also worked in the firm’s private equity group, raising capital for LBO and venture capital funds. Bob started his career at BofA Merrill Lynch in the municipal bond department covering insurance, hedge fund, and asset management clients. Bob holds a Master of Business Administration from the Gabelli School at Fordham University and a Bachelor of Arts with High Honors in Economics from Colgate University. He is a CFA Charterholder.

Michael LoGalbo is a Multi-Asset Portfolio Strategist at New York Life Investments. He sits on the Multi-Asset Solutions team, which manages a combined $8.2B in assets (as of 9/30/23), including MainStay’s Income Builder Fund, Asset Allocation ETFs, and bespoke investment solutions. “Macro Mike” combines expertise in economics, markets, politics, and geopolicy to generate fundamental and quantitative top-down investment insights. He is a key contributor to the firm’s asset allocation process, and regular contributor to the firm’s client and media efforts. Michael brings years of experience from both public and private markets, and macro to micro. He is a CFA Charterholder, graduated from the University of Southern California and holds a master’s degree in international economics from Johns Hopkins and an MBA from the Wharton School.