Welsh will co-manage the firm’s Forward Tactical Enhanced Fund (FTETX), a quantitative alternative strategy that seeks to outperform the S&P 500 Index with less downside volatility than the broad market.
Welsh, who joined Forward in June, brings with him a reputation for prescient macroeconomic insights, via his newsletter “Macro Tides.” (The newsletter was formerly known as “The Financial Commentator.”) Welsh will now write a monthly newsletter called “Forward Markets: Macro Strategy Review,” which is part of the firm’s published research and analysis available on www.forwardinvesting.com.
“Investors by now are all too aware that their investments can be impacted by Washington or Beijing as much as what happens on Wall Street,” said Alan Reid, chief executive of Forward Management. “Bringing someone of Jim’s caliber to the firm is our signal to investors that we take the potential impacts of macro events on their portfolios seriously,” Reid said.
Welsh previously managed client accounts at Morgan Stanley Smith Barney. Before that, he ran his own investment firm, Welsh Money Management in Carlsbad, California. His newsletter, launched in 1985, was frequently mentioned and quoted by many financial publications, and he has appeared on TV and radio programs.
In addition to co-managing the Forward Tactical Enhanced Fund, Welsh will provide input on new investment strategies developed at Forward to meet the objectives of investors navigating an increasingly challenging global investment landscape.