The Value Perspective with Chris Pavese

We’re delighted to be joined by Chris Pavese for this episode of our Allocator’s Edge mini-series. Chris is the CEO and CIO of Broyhill Asset Management, a spin-off from the Broyhill family office. Chris is also the founder of the Broyhill book club. If you’re curious about the firm and the family, their website is a treasure trove of information. Chris is the perfect guest to provide a masterclass on family offices: what they are; and how they operate from an investment perspective. Before joining Broyhill, Chris worked for JP Morgan Private Bank, where he managed over $1 billion in discretionary assets for high-net-worth individuals, trusts, endowments and foundations. He was also an active member of JP Morgan’s trust investment committee, where he assisted in the construction of portfolios and monitoring the bank’s fiduciary relationships. He is a CFA charter holder and past President of the Board of the CFA Institute’s North Carolina Society. In this episode we cover: what a family office is and whether a family office is the ultimate institutional investor; how Chris looks at the investment landscape and the interaction between inflation and interest rates; how the Broyhill family thinks about performance; how the family’s entrepreneurial DNA survived over time and how this translates to how they think about investments within the family office and finally; what is the time horizon of the family office. Enjoy!

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