When you are hot you’re hot and this week’s WEALTHTRACK guest has been on a tear since launching his Baron Global Advantage Fund in 2012. Alex Umansky is new to WEALTHTRACK but he is a seasoned investor with an outstanding track record.
Prior to joining Baron, Umansky spent 18 years at Morgan Stanley where he ran global and international funds as well as the firm’s Institutional Technology Strategy and Technology Fund. Umansky has a degree in finance, information systems and mathematics from NYU’s Stern School of Business and was a computer programmer early in his career.
Very few money managers have the opportunity to create a new fund, and a tiny percentage deliver the outstanding results Umansky has. We will discuss what he sees as his competitive advantage at Baron Global Advantage, as well as his views on the “big idea, disruptive companies” he defines as his specialty.
WEALTHTRACK Episode #1632; Originally Broadcast on February 07, 2020
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ALEX UMANSKY
- Portfolio Manager,
- Baron Global Advantage Fund
- Portfolio Manager,
- Baron Fifth Avenue Growth Fund
DON’T CHASE PERFORMANCE
Studies show:
- Individual investors underperform funds they invest in
- They buy into funds after periods of exceptional performance (buy high)
- They sell funds after periods of underperformance (sell low)
No Bookshelf titles this week.
HIGHEST CONVICTION IDEAS
Own Alibaba And Amazon
- Two Largest Portfolio Positions
- Long-term Success
Amazon.com, Inc (AMZN)
Alibaba Group Holding Ltd ADR (BABA)
MercadoLibre, Inc (MELI)
Facebook, Inc (FB)
FB data by YCharts
Alphabet Inc Class C (GOOG)
Veeva Systems Inc (VEEV)
EPAM Systems Inc (EPAM)
Globant SA (GLOB)
Endava PLC ADR (DAVA)
This is the first appearance of Alex Umansky on WEALTHTRACK
TRANSFERABLE SKILLS
Top growth fund manager Alex Umansky started playing poker as a hobby later in his investment career. Now a tournament level player he says both pursuits require similar skill sets.
