Mo Haghbin, Head of Multi-Asset Solutions at Invesco, reflects on how raising a neurodivergent child shaped his perspective on cognitive diversity in asset management.
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“I've actually spent a lot of time thinking about how to bring some of that neurodivergent thinking into the workforce, because I actually think it's missing. I think there's an opportunity for us to really expand the way we think about those skill sets, and especially in something like investing, it could be super helpful to have different viewpoints.”
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More from Mo Haghbin
Insight
Haghbin: Semi-liquid private fund structures cannot harvest the full illiquidity premium
“To harvest the illiquidity premium, you have to take on the illiquidity risk. There is no free lunch. So these products, I think, are great. They will give you substantially similar exposures, but that liquidity profile is going to lead to slightly different p…”
Mo HaghbinJun 6, 2024▶ 39:39Mo Haghbin - Customizing Solutions from the Top Down at Invesco (EP.390)
Insight
Haghbin: Allocators should be contrarian and invest in managers when struggling
“The best managers will end up being the worst managers, and sometimes you have to almost be a little bit of a contrarian on that. You want to allocate capital maybe at times where managers are struggling rather than delivering really, really good returns.”
Mo HaghbinJun 6, 2024▶ 29:21Mo Haghbin - Customizing Solutions from the Top Down at Invesco (EP.390)
Insight
Haghbin: Size and value are pro-cyclical, while quality and low-volatility are defensive
“Things like size and value tend to be more pro cyclical. Things like quality and low volatility tend to be counter cyclical. They're more defensive.”
Mo HaghbinJun 6, 2024▶ 16:50Mo Haghbin - Customizing Solutions from the Top Down at Invesco (EP.390)
Disclosure
Invesco is positioned pro-cyclically in small/mid-caps and value equities
“If I look at our current positioning, tends to be a bit more pro-cyclical. We tend to favor smaller and middle capitalization companies, value-oriented companies, because what we're seeing from the economy is actually Quite impressive.”
Mo HaghbinJun 6, 2024▶ 19:17Mo Haghbin - Customizing Solutions from the Top Down at Invesco (EP.390)
Insight
Haghbin: Asset allocation decisions drive most portfolio returns over bottom-up selection
“So I think as an industry, we spend a lot of time thinking about the bottoms up piece, idiosyncratic piece, but the majority of your return comes from your top down asset allocation decisions.”
Mo HaghbinJun 6, 2024▶ 26:52Mo Haghbin - Customizing Solutions from the Top Down at Invesco (EP.390)
Disclosure
Haghbin: Invesco scores internal and external managers using identical criteria
“There's no difference between how we think about the scoring of a manager, whether they're within Invesco or sitting outside of Invesco.”
Mo HaghbinJun 6, 2024▶ 31:26Mo Haghbin - Customizing Solutions from the Top Down at Invesco (EP.390)
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