People, every show

Carol Geremia

President and Head of Global Distribution, MFS. On 1 show, 1 appearance. The Shows tab opens the full record on each.

executiveoperatormfs.com ↗

Having joined MFS Investment Management in 1984, she oversees the firm's worldwide client-facing teams, product strategies, and global operations. She is known in the institutional investment community as an advocate for long-term fiduciary stewardship and active asset management.

What they said11 Shows1

Everything Carol Geremia said on any show that made the record, most notable first. Each card names its show and opens the statement there.

CAPITAL ALLOCATORS Prediction Didn’t hold up

Geremia: ESG will cease to be an investment term within three years

“The most exciting to me is that ESG will go away. It will not be an investment term in three years, and it has nothing to do with it not being super important.”

Carol Geremia Dec 15, 2022 ▶ 36:42 Carol Geremia - Creating Long-Term Value for (almost) 100 Years at MFS (Capital Allocators, EP. 287)

CAPITAL ALLOCATORS Disclosure

Geremia: MFS aims for full-cycle outperformance rather than 1-to-5-year alpha

“We do not believe that we exist to generate alpha over short measurement periods like one, three, and five. Our goal is to outperform over a full market cycle”

Carol Geremia Dec 15, 2022 ▶ 17:13 Carol Geremia - Creating Long-Term Value for (almost) 100 Years at MFS (Capital Allocators, EP. 287)

CAPITAL ALLOCATORS Opinion

Geremia: Obsessive Growth at Any Cost and Passive Capital Have Hit Limits

“I think what we're seeing today is that obsessive growth at any cost is over. I think we're seeing the limitations of passive capital. I think we're seeing the limitations of short-term alpha. I think we're going to start to desperately realize how important l…”

Carol Geremia Dec 15, 2022 ▶ 29:33 Carol Geremia - Creating Long-Term Value for (almost) 100 Years at MFS (Capital Allocators, EP. 287)

CAPITAL ALLOCATORS Disclosure

Geremia: MFS Avoids Active ETFs Because They Cannot Be Closed for Capacity

“We have looked a lot at active ETFs as an example, but here's the problem with ETFs. You can't close the products. How do you manage capacity, and how do you protect performance as an active manager? That is the sole reason we have not offered an active ETF.”

Carol Geremia Dec 15, 2022 ▶ 34:39 Carol Geremia - Creating Long-Term Value for (almost) 100 Years at MFS (Capital Allocators, EP. 287)

CAPITAL ALLOCATORS Opinion

Geremia: Skeptical that investment personalization actually serves client needs

“I think there's a lot of talk about personalization, and I'm a little skeptical on that, because again, I'm not sure that's actually, it sounds good, and it sounds like it's about the customer. I'm not sure that's actually What the customer needs. I think it's…”

Carol Geremia Dec 15, 2022 ▶ 48:33 Carol Geremia - Creating Long-Term Value for (almost) 100 Years at MFS (Capital Allocators, EP. 287)

CAPITAL ALLOCATORS Insight

Geremia: Full market cycles take 7-10 years, but benchmarks measure half

“The measurements that the industry anchors around are usually half a full market cycle. Anywhere between seven and 10 years is a full market cycle.”

Carol Geremia Dec 15, 2022 ▶ 18:31 Carol Geremia - Creating Long-Term Value for (almost) 100 Years at MFS (Capital Allocators, EP. 287)

CAPITAL ALLOCATORS Assertion Supported

Geremia: MFS stock holding duration is 3-4x the industry average

“When you even look at the average holding of a stock inside our portfolios, it's three to four times the industry average.”

Carol Geremia Dec 15, 2022 ▶ 19:15 Carol Geremia - Creating Long-Term Value for (almost) 100 Years at MFS (Capital Allocators, EP. 287)

CAPITAL ALLOCATORS Assertion Not checkable as stated

Geremia: Combining credit and equity analysts protected MFS in 2008

“It was the greatest differentiator for us in the global financial crisis. We could see our fixed income team knew and understood and started to understand the issues, especially in the financial sector, and really said, there's a lot of stuff here we can't val…”

Carol Geremia Dec 15, 2022 ▶ 22:29 Carol Geremia - Creating Long-Term Value for (almost) 100 Years at MFS (Capital Allocators, EP. 287)

CAPITAL ALLOCATORS Disclosure

Geremia: MFS ties at least one-third of compensation to teamwork

“So we changed compensation decades ago, first and foremost, to say that we are a team and that's the way we're going to incent people to operate. So you're not just going to get paid on your results. That's going to be a huge factor for sure, but there's going…”

Carol Geremia Dec 15, 2022 ▶ 24:06 Carol Geremia - Creating Long-Term Value for (almost) 100 Years at MFS (Capital Allocators, EP. 287)

CAPITAL ALLOCATORS Assertion Supported

Geremia: Investors take 5x more risk today for same 1990s returns

“Today, although that's starting to change as interest rates are rising, for the past 30 years, investors have been taking five times the amount of risk to get the same amount of return that they did 30 years ago.”

Carol Geremia Dec 15, 2022 ▶ 27:08 Carol Geremia - Creating Long-Term Value for (almost) 100 Years at MFS (Capital Allocators, EP. 287)

CAPITAL ALLOCATORS Disclosure

Geremia: MFS closed high-inflow product to protect existing shareholder returns

“About almost 20 years ago, and I was taking over the institutional business, and so I had a lot to learn. And you're dealing with large institutions all over the world, but we made the decision to close a product that was receiving lots of flow. And I, at the …”

Carol Geremia Dec 15, 2022 ▶ 5:05 Carol Geremia - Creating Long-Term Value for (almost) 100 Years at MFS (Capital Allocators, EP. 287)

One line per show, most statements first. The link opens Carol's full record on that show: the calibration, argument clarity, speaking style and every statement made there.

Show	Role there	Eps	Statements	Record
CAPITAL ALLOCATORSLEDGER	President and Head of Global Distribution, MFS	1	11	67% 2/3	full record on Capital Allocators →