Domestic Balanced | Investment Strategies | Brandywine GLOBAL

Domestic Balanced

Lead Portfolio Managers

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David F. Hoffman, CFA
Managing Director & Portfolio Manager
Exit Preview David F. Hoffman, CFA   Managing Director & Portfolio Manager
David F. Hoffman, CFA
David is co-lead portfolio manager for the Firm's Global Fixed Income and related strategies. He joined the Firm in 1995. Previously, David was president of Hoffman Capital, a global financial futures investment firm (1991-1995); head of fixed income investments at Columbus Circle Investors (1983-1990); senior vice president and portfolio manager at INA Capital Management (1979-1982), and fixed income portfolio manager at Provident National Bank (1975-1979). David is a CFA® charterholder and earned a B.A. in Art History from Williams College. He is a member of the Firm's Executive Board, currently serving as the Board's chair.
ECB Disappoints…Will the Fed and BoJ Too?
September 12, 2016
Using Global Perspective to Navigate U.S. Interest Rate Normalization
September 29, 2015
Why Fear Should Be Your Friend
September 29, 2015
Understanding Global Bond Market Risk
June 10, 2015
The Flaws of Fixed Income Benchmarking
May 13, 2015
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Patrick S. Kaser, CFA
Managing Director & Portfolio Manager
Exit Preview Patrick S. Kaser, CFA   Managing Director & Portfolio Manager
Patrick S. Kaser, CFA
Patrick is head of the Fundamental Equity team and serves as lead portfolio manager on the Classic Large Cap Value strategy. Patrick is responsible for researching the financial and healthcare sectors, contributing insights and stock recommendations. He joined the Firm in 1998. He is a member of the Firm’s Executive Board. Before becoming a portfolio manager, Patrick worked for the Firm as an analyst on the Large Cap Value Equity team. He was also with Dean Witter as an account executive (1996-1997). Patrick is a CFA® charterholder and earned an M.B.A. in Finance from the University of Delaware and a B.A. in Political Science from Arizona State University. He is a member of the CFA Society of Philadelphia and has been quoted in The Wall Street Journal, BusinessWeek, The Washington Post, Barron’s and others. Patrick has appeared on CNBC, Fox Business News, and Bloomberg television and radio.
Domestic Balanced
Domestic Balanced
Global & International Equity
Global Opportunistic Equity
International Opportunistic Equity
Large Cap Equity
Classic Large Cap Value
Micro Cap Equity
Microcap Equity
Small Cap Equity
Small Cap Value Equity
Small Mid Cap Equity
Small/Mid Cap Value Equity
Large Cap Value Equity Webcast
January 21, 2020
Large Cap Value Equity Webcast
October 16, 2019
Patrick Kaser on Bloomberg Radio
October 6, 2016
Behavioral Lessons for Value Investors
June 10, 2014
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Jack P. McIntyre, CFA
Portfolio Manager
Exit Preview Jack P. McIntyre, CFA   Portfolio Manager
Jack P. McIntyre, CFA
Jack is a portfolio manager for the Firm's Global Fixed Income and related strategies. He joined the Firm in 1998. Previously, he held positions as market strategist with McCarthy, Crisanti & Maffei, Inc. (1995-1998); senior fixed income analyst with Technical Data, a division of Thomson Financial Services (1992-1995); quantitative associate with Brown Brothers Harriman & Co. (1990), and investment analyst with the Public Employee Retirement Administration of Massachusetts (1987-1989). Jack is a CFA® charterholder and earned an M.B.A. in Finance from the Leonard N. Stern Graduate School of Business at New York University and a B.B.A. in Finance from the University of Massachusetts, Amherst.
Jack McIntyre on Bloomberg Radio
March 1, 2019
A Year-to-Date Recap on Global Market Conditions
October 23, 2018
The Value Proposition in Brazil
October 15, 2018
Three Contributors to Emerging Market Volatility in 2018
October 11, 2018
Volatility Returns But Our Outlook Remains the Same
May 7, 2018
Jack McIntyre’s Mid-Quarter Update
November 22, 2017
What Type of Inflation Is The Federal Reserve Really Targeting?
July 24, 2017
Jack McIntyre on Bloomberg Radio
July 21, 2017
Jack McIntyre's Mid-Quarter Update
June 7, 2017
Review of Emerging Markets
June 1, 2017
Value Investing during the Trump Presidency
February 6, 2017
Our Take on the December Federal Reserve Meeting
December 15, 2016
Two Doves and a Hawk? Jack McIntyre Reviews Fed Rhetoric
October 19, 2016
Jack McIntyre Reviews September 21 Central Bank Meetings
September 26, 2016
Jack McIntyre on Bloomberg Radio
September 22, 2016
Implications of Jackson Hole
August 30, 2016
Jack McIntyre’s Mid-Quarter Global Macro Review
August 18, 2016
Our View on the Potential Brexit Effect
June 29, 2016
Current Developments and Opportunities in Global Bond Markets
June 17, 2016
Will the Dollar's Rise Suffocate U.S. Growth?
August 5, 2015
Volatility in Emerging Markets Assets
December 19, 2014
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Stephen S. Smith
Managing Director & Portfolio Manager
Exit Preview Stephen S. Smith   Managing Director & Portfolio Manager
Stephen S. Smith
Steve is co-lead portfolio manager for the Firm's Global Fixed Income and related strategies. He is a member of the Firm's Executive Board. He joined the Firm in 1991 to diversify the Firm's investment strategies and start the global fixed income product. Previously, Steve was with Mitchell Hutchins Asset Management, Inc. as managing director of taxable fixed income (1988-1991); Provident Capital Management, Inc. as senior vice president overseeing taxable fixed income (1984-1988); Munsch & Smith Management as a founding partner (1980-1984), and First Pennsylvania Bank as vice president and portfolio manager in the fixed income division (1976-1980). Steve earned a B.S. in Economics and Business Administration from Xavier University, where he is currently chair of the university's investment and plant & building committees, a member of the executive committee, and serves on the board of trustees. Steve is also a member of the board of trustees at the Winterthur Museum & Country Estate, a nonprofit, educational institution.
Where Are We in the Business Cycle?
May 17, 2018
The World Looks Bright
May 14, 2018
A Self-Sustaining Economic Advance
May 3, 2018
The Leader of the Pack
August 3, 2017
Brandywine Global Responds to ECB Announcement
September 4, 2014

Investment Team

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Justin C. Bennitt
Portfolio Manager & Research Analyst
Exit Preview Justin C. Bennitt   Portfolio Manager & Research Analyst
Justin C. Bennitt
Justin rejoined the Firm in April 2013 as an analyst on the Fundamental Equity team and now also co-manages the micro-, small- and smid-cap portfolios. He has over 18 years’ experience in the investment management industry with a focus on fundamental research and analysis. Before rejoining the firm, Justin was a Managing Member of Clarke Bennitt, LLC. (2005-2011). He previously held several roles with Brandywine Global including Midcap Value Equity Portfolio Co-Manager (2004 - 2005); Senior Research Analyst - Small/Smid Product Group (2001 - 2005); Research Analyst - International Value Product Group (1998 - 2001) and Quantitative Analyst - Domestic and International Product Groups (1996 - 1998). Justin earned a B.A. in Economics from Hobart and William Smith Colleges.
Domestic Balanced
Domestic Balanced
Global & International Equity
Global Opportunistic Equity
International Opportunistic Equity
Large Cap Equity
Classic Large Cap Value
Micro Cap Equity
Microcap Equity
Small Cap Equity
Small Cap Value Equity
Small Mid Cap Equity
Small/Mid Cap Value Equity
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Micro- Small- and Small/Mid Cap Webcast
October 16, 2019
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Christy Brenza, CFA
Senior Research Analyst
Exit Preview Christy Brenza, CFA   Senior Research Analyst
Christy Brenza, CFA
Christy is a senior research analyst on the Fundamental Equity team, responsible for general research coverage across geographies, industries, and market capitalizations in support of our fundamental equity products. Prior to joining Brandywine Global in August 2018, she was an equity portfolio manager/analyst and Investment Strategy Team member (2000-2012), equity and fixed income trader (1996-1999), and an equity research assistant (1994-1996) at C.S. McKee, L.P. Christy is a CFA® charterholder and earned an M.B.A. in Finance from Duquesne University and a B.S. in Economics from Pennsylvania State University.
Domestic Balanced
Domestic Balanced
Global & International Equity
Global Opportunistic Equity
International Opportunistic Equity
Large Cap Equity
Classic Large Cap Value
Micro Cap Equity
Microcap Equity
Small Cap Equity
Small Cap Value Equity
Small Mid Cap Equity
Small/Mid Cap Value Equity
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James J. Clarke
Portfolio Manager & Director of Fundamental Research
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James J. Clarke
Jim serves as the Director of Fundamental Equity Research, co-manages the Global and International Opportunistic Equity strategies, and is a portfolio manager on the Classic Large Cap Value Equity strategy. He rejoined the Firm in December 2008 after three years serving as a founding partner of Clarke Bennitt, LLC. From 1997 to 2005, Jim worked as an equity analyst and portfolio manager for Brandywine Global’s large, mid, and small cap value equity portfolios, and as lead manager of the Firm’s small cap portfolios for five years. Prior to his initial term of employment with Brandywine Global, Jim worked as a financial analyst at Morgan Stanley in New York and Tokyo (1991-1995). He earned a B.A. in History from Williams College where he was a member of Phi Beta Kappa and graduated summa cum laude. Jim earned an M.B.A. in Finance from Columbia University.
Domestic Balanced
Domestic Balanced
Global & International Equity
Global Opportunistic Equity
International Opportunistic Equity
Large Cap Equity
Classic Large Cap Value
Micro Cap Equity
Microcap Equity
Small Cap Equity
Small Cap Value Equity
Small Mid Cap Equity
Small/Mid Cap Value Equity
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Global Opportunistic Equity Webcast
January 21, 2020
International Opportunistic Equity Webcast
January 21, 2020
Global Opportunistic Equity Webcast
October 16, 2019
International Opportunistic Equity Webcast
October 16, 2019
Global Opportunistic Equity Webcast
July 17, 2019
International Opportunistic Equity Webcast
July 17, 2019
Global Opportunistic Equity Webcast
April 16, 2019
International Opportunistic Equity Webcast
April 16, 2019
Global Opportunistic Equity Webcast
January 16, 2019
International Opportunistic Equity Webcast
January 16, 2019
Global Opportunistic Equity Webcast
October 16, 2018
Avoiding Investment Errors in a Bull Market
July 7, 2014
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Ivy Gluck, CFA
Senior Research Analyst
Exit Preview Ivy Gluck, CFA   Senior Research Analyst
Ivy Gluck, CFA
Ivy is a senior research analyst for our Fundamental Equity Team, responsible for general research coverage across geographies, industries, and market capitalizations in support of our fundamental equity products. Prior to joining Brandywine Global in January 2014, Ivy was an intern with Brandywine Global in 2013 assisting with company research. She graduated summa cum laude with a B.A. in Mathematics from Bryn Mawr College. Ivy is a CFA® charterholder.
Domestic Balanced
Domestic Balanced
Global & International Equity
Global Opportunistic Equity
International Opportunistic Equity
Large Cap Equity
Classic Large Cap Value
Micro Cap Equity
Microcap Equity
Small Cap Equity
Small Cap Value Equity
Small Mid Cap Equity
Small/Mid Cap Value Equity
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Priyal Maniar, CFA
Senior Research Analyst
Exit Preview Priyal Maniar, CFA   Senior Research Analyst
Priyal Maniar, CFA
Priyal is a senior research analyst for our Fundamental Equity Team, responsible for general research coverage across geographies, industries, and market capitalizations in support of our fundamental equity products. Prior to joining Brandywine Global in March 2014, Priyal served in various roles at BlackRock, Inc. (2011-2014), including as a financial institutions group analyst, fundamental equity research intern, and cash and securities lending product specialist intern. She graduated summa cum laude with a B.S. in Business Administration and a concentration in Finance from Drexel University. Priyal is a CFA® charterholder.
Domestic Balanced
Domestic Balanced
Global & International Equity
Global Opportunistic Equity
International Opportunistic Equity
Large Cap Equity
Classic Large Cap Value
Micro Cap Equity
Microcap Equity
Small Cap Equity
Small Cap Value Equity
Small Mid Cap Equity
Small/Mid Cap Value Equity
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Gregory P. Manley, CFA
Portfolio Manager & Research Analyst
Exit Preview Gregory P. Manley, CFA   Portfolio Manager & Research Analyst
Gregory P. Manley, CFA
Greg is a portfolio co-manager for our micro- small- and smid-cap portfolios. During his career at Brandywine Global, Greg has served as a fundamental and quantitative analyst as well as the lead trader for the Diversified Value Equity portfolios. Greg joined the Firm in 2000. Previously, he was with Trinity Investment Management as a securities trader (1996-2000). Greg holds the Chartered Financial Analyst® designation and earned a B.A. in Accounting from Pennsylvania State University. He is a member of the CFA Society of Philadelphia and the CFA Institute.
Domestic Balanced
Domestic Balanced
Global & International Equity
Global Opportunistic Equity
International Opportunistic Equity
Large Cap Equity
Classic Large Cap Value
Micro Cap Equity
Microcap Equity
Small Cap Equity
Small Cap Value Equity
Small Mid Cap Equity
Small/Mid Cap Value Equity
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Micro- Small- and Small/Mid Cap Webcast
January 21, 2020
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Celia Rodgers, CFA
Senior Research Analyst
Exit Preview Celia Rodgers, CFA   Senior Research Analyst
Celia Rodgers, CFA
Celia is a senior research analyst on the Fundamental Equity team, responsible for general research coverage across geographies, industries, and market capitalizations in support of our fundamental equity products. Prior to joining Brandywine Global in September 2018, she served in various roles at Aberdeen Standard Investments (2012-2018), including as an investment manager. Celia earned a B.A. in Philosophy, Politics & Economics from the University of Pennsylvania. She is a CFA® charterholder.
Domestic Balanced
Domestic Balanced
Global & International Equity
Global Opportunistic Equity
International Opportunistic Equity
Large Cap Equity
Classic Large Cap Value
Micro Cap Equity
Microcap Equity
Small Cap Equity
Small Cap Value Equity
Small Mid Cap Equity
Small/Mid Cap Value Equity
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Sorin Roibu, CFA
Portfolio Manager & Research Analyst
Exit Preview Sorin Roibu, CFA   Portfolio Manager & Research Analyst
Sorin Roibu, CFA
Sorin is a research analyst for our large-cap equity strategies and co-manages the Global and International Opportunistic Equity strategies. He is responsible for research coverage of U.S. and global financial companies. Prior to joining Brandywine Global in May 2014, Sorin was a global equity analyst and Principal of Turner Investment Partners (2011-2014) with a focus on global real estate, U.S. REITS, U.S. homebuilders and emerging market banks; senior research analyst, Vice President at Blackrock on their Global Opportunities team covering global financials (2005-2011); and an investment banking analyst focusing on global industrials and corporate and investment banking for Bank of America Securities (2004-2005). He graduated summa cum laude with a B.S. in Business Administration from Drexel University and studied at the Academy of Economic Studies of Moldova. Sorin is a CFA® charterholder.
Domestic Balanced
Domestic Balanced
Global & International Equity
Global Opportunistic Equity
International Opportunistic Equity
Large Cap Equity
Classic Large Cap Value
Micro Cap Equity
Microcap Equity
Small Cap Equity
Small Cap Value Equity
Small Mid Cap Equity
Small/Mid Cap Value Equity
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Steven D. Shin, CFA
Senior Research Analyst
Exit Preview Steven D. Shin, CFA   Senior Research Analyst
Steven D. Shin, CFA
Steven is a senior research analyst for our Fundamental Equity Team. Prior to joining Brandywine Global in April 2016, Steven was a senior investment analyst covering multiple sectors for value investment firms, Aegis Financial Corporation (2012-2015) and Leap Tide Capital Management (2005-2012), and an investment analyst for value investment firm, Kenner Management (Tivoli Partners, L.P.)(2004-2005). He also held associate positions in equity research with Jefferies & Company (2002-2004) covering value-oriented special situations and C.E. Unterberg, Towbin (2000-2001) covering technology. Steven graduated from Swarthmore College with a B.A. in Economics and is a CFA® charterholder.
Domestic Balanced
Domestic Balanced
Global & International Equity
Global Opportunistic Equity
International Opportunistic Equity
Large Cap Equity
Classic Large Cap Value
Micro Cap Equity
Microcap Equity
Small Cap Equity
Small Cap Value Equity
Small Mid Cap Equity
Small/Mid Cap Value Equity
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Traders

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Portfolio Implementation Specialist
Exit Preview Stephen Burghart, CFA   Portfolio Implementation Specialist
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Stephen is a portfolio implementation specialist for the Firm's Global Fixed Income and related strategies. Before joining the Portfolio Implementation team, Stephen was a member of the Firm's Portfolio Compliance team from 2012-2019. Prior to joining the Firm in 2012, he held various roles at BNY Mellon (2008-2012). Stephen is a CFA® charterholder and earned an M.B.A. in Finance from the Fox School of Business at Temple University and a B.S. in Mathematics from Drexel University.
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Travis Crumley
Head of Portfolio Implementation
Exit Preview Travis Crumley   Head of Portfolio Implementation
Travis Crumley
Travis leads the Portfolio Implementation team for the Firm's Global Fixed Income and related strategies. Prior to leading the team, Travis was a trader for the Firm's Global Fixed Income and related strategies from 2008–2019 and provided quantitative and fundamental analysis along with support as a fixed income client service associate from 2006-2008. His additional experience within the industry includes serving as funds investor services assistant with Legg Mason (2004-2005). Travis earned a B.A. in Communications from the University of Delaware. He also is commercially licensed and instrument rated by the Federal Aviation Administration to operate single and multi-engine aircraft.
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Dennis W. Dow
Head Trader, Fixed Income
Exit Preview Dennis W. Dow   Head Trader, Fixed Income
Dennis W. Dow
Dennis is the head trader for the Firm's Global Fixed Income and related strategies. He joined Brandywine Global in 2000. Previously, Dennis was with Merrill Lynch Asset Management as vice president and portfolio manager (1992-1999). He earned a B.A. in Accounting, with a concentration in Finance, from Rutgers University School of Business.
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John R. Edelman
Equity Trader
Exit Preview John R. Edelman   Equity Trader
John R. Edelman
John is the lead trader for the Firm’s micro-, small- and small/mid-cap portfolios and a primary trader for the Wealth Management Group channel. He is also responsible for providing support to the Diversified Value Equity portfolios. John joined the Firm in 1999. Previously, he was with Southcoast Capital as an institutional equity trader (1996-1999), and PNC Bank as a financial analyst (1989-1996). John earned an M.B.A. in Finance from St. Joseph’s University and a B.A. in Finance and Accounting from Lehigh University.
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Kevin McClafferty
Equity Trader
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Kevin McClafferty
Kevin is the primary trader for the Fundamental Equity team’s Wealth Management Group channel. He also supports the U.S. equity trading desk in performing functions for all equity investment strategies at Brandywine Global. Prior to becoming an equity trader in August 2009, Kevin supported the trading desk as a trading assistant and has been with the Firm since 1999. Kevin earned a B.S. in Finance from Wilmington University.
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Kristen Mugan
Portfolio Implementation Specialist
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Kristen Mugan
Kristen is a portfolio implementation specialist for the Firm's Global Fixed Income and related strategies. Before joining the Portfolio Implementation team, Kristen was a trader for the Firm's Global Fixed Income and related strategies from 2010–2019 and a staff accountant responsible for account reconciliation, revenue calculation, and financial statement analysis from 2007-2010. Prior to joining the Firm in 2007, she was a staff accountant with Popular Financial Holdings and the Borgata Hotel, Casino & Spa. Kristen earned an M.S. in Financial Services from Saint Joseph's University and a B.S. in Business Studies: Corporate Accounting from The Richard Stockton College of New Jersey.
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David A. Tattersall
Head Equity Trader
Exit Preview David A. Tattersall   Head Equity Trader
David A. Tattersall
Dave is the head trader for Brandywine Global’s equity portfolios. Prior to being appointed to this position in March 2007, he served as lead equity trader for the Firm’s Diversified Value Equity portfolios in addition to providing support to the Fundamental Equity team. He joined the Firm in 2000. Previously, Dave was with OTA Limited Partnership, a full-service institutional broker/dealer, as a financial analyst/trader (1989-2000); First Federal Savings Bank as a senior accountant (1987-1989), and Beneficial Mortgage Corporation as the loan accounting manager (1985-1987). Dave earned a B.S. in Accounting from Pennsylvania State University.
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Donna Van Vlack
Vice President, Equity Trader
Exit Preview Donna Van Vlack   Vice President, Equity Trader
Donna Van Vlack
Donna is the lead trader for the Firm’s large-cap portfolios. Donna joined the Firm in 1996. Previously, she was a trader with Caxton Corporation (1995); vice president and head trader with Chesapeake Partners Management Company (1993-1995); vice president with UBS Securities, Inc. (1991-1993); vice president with Dillon, Read & Co. (1986-1991); vice president and head of trading with Avatar Associates (1982-1985), and a trader with Soros Fund Management (1978-1981). Donna earned a B.A. in History and Political Science from Wellesley College.
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Exit Preview Joffre C. Wells   Trader
Joffre C. Wells
Joffre is a trader for the Firm's Global Fixed Income and related strategies. Prior to joining the trading desk in May 2013, he supported the Global Fixed Income team as a senior portfolio compliance associate (2012-2013). He previously served as a global rates trader (2007-2011) and portfolio compliance analyst (2003-2006) with BlackRock and a technology consultant with the Chubb Group of Insurance Companies (2000-2003). Joffre earned an MBA in Investment Management & Management Information Systems from Drexel University, an M.S. in Finance from Drexel University, and a BBA in Finance from Temple University.
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Specialist

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William M. Roach
Group Product Specialist
Exit Preview William M. Roach   Group Product Specialist
William M. Roach
Bill is the group product specialist for the Firm’s micro-, small- and small/mid-cap portfolios. As an investment professional in this role, he is the primary point of contact for selected accounts and provides administrative support to the investment team. Bill joined the Firm in 2003. Previously, he was a senior investment analyst for The Vanguard Group (2000-2003); senior equity analyst for DuPont Capital Management (1996-1999); partner/portfolio manager/analyst & director of marketing for Cashman, Farrell & Associates (1990-1996); portfolio manager & vice president for Smith Affiliated Capital Corp. (1989-1990); senior portfolio manager and vice president of marketing for Hutton Capital Management (1986-1989); and account executive for Merrill Lynch, Pierce, Fenner and Smith & Thomson McKinnon Securities (1982-1986). Bill graduated cum laude with a B.A. in Political Science from Boston College.
Domestic Balanced
Domestic Balanced
Global & International Equity
Global Opportunistic Equity
International Opportunistic Equity
Large Cap Equity
Classic Large Cap Value
Micro Cap Equity
Microcap Equity
Small Cap Equity
Small Cap Value Equity
Small Mid Cap Equity
Small/Mid Cap Value Equity
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