Mark Scalzo | CiO
Mark is responsible for the creation and implementation of Validus’ investment strategies and he provides actionable insights through his regular blog. He leads fundamental bottom-up and systematic research on individual investment selection and portfolio construction. And he is the Co-Portfolio Manager of the Destra Multi-Alternative Fund, a closed-end publicly traded interval fund.
Prior to founding Validus, Mark was Co-Portfolio Manager and Director of Research for Aletheia Research and Management, Inc., where he was responsible for long-only model portfolios of over $7 billion in assets under management at the company’s peak. As Director of Research, Mark institutionalized and maintained the integrity of the investment process while managing a staff of seven research analysts. Before Alethea, Mark lead M&A for Fisher Investments where he created a consolidation strategy for Fisher’s investment platform.
Mark began his investment banking career at Salomon Brothers, Inc., In 1989. 3 years later he joined Putnam Lovell NBF, a premier boutique investment banking firm focusing on the asset management industry. During his 15 years at Putnam Lovell, Mark held various positions including Associate, Vice President, Managing Director and Regional Manager. Some of Mark’s most memorable assignments include representing Nuveen Investments in the acquisition of NWQ Investment Management, the LBO of Numeric Investors led by TA Associates, the sale of Kayne Anderson Rudnick to Phoenix, the sale of Symphony Asset Management to Nuveen Investments, the reverse merger of New England Investment Companies into a publicly-traded MLP, Reich & Tang, and the sale of Miller Anderson & Sherrerd, L.L.P. to the Morgan Stanley Group.
Mark graduated cum laude with a Bachelor of Science in Economics from The Wharton School of the University of Pennsylvania. Mark is Series 7, Series 24, Series 65 and Series 79 licensed.
Mark and his wife of 25 years have three sons. All three boys are Suzuki violinists, car enthusiasts, avid readers of classic literature. All family members are active participants in their Catholic parish and in a variety of community service activities.
Recently, and seemingly out of nowhere, the markets have turned sour on EVs. Remember all the auto makers stumbling over […]
If you listen to Fed talk, inflation is still the biggest problem this economy faces. If you listen to the […]
Over the past couple days, market breadth has been impressive, with the S&P 500 Equal Weighted Index up 3.3% vs. […]
Two Saturdays ago, a Barron’s article addressed the use of artificial intelligence in managing investment portfolios and how soon human […]
Hotel rooms are dirtier than ever, and many hotel operators are milking it for everything it’s worth. We were struck […]
On Saturday, October 6th, we awoke to a true point of inflection as result of the horrible attack on Israel […]
In difficult market environments, Consumer Staple (CS) stocks are assumed by most investors to be a safe haven. They are […]
For the first time since 2003 the US is importing more from Mexico than China based upon a 12-month moving […]
Why is global equity exposure important? Here’s why… • De-Globalization. Globalization homogenized returns – for countries, for companies. De-globalization means […]
As we scour the investment landscape for inflections – meaningful signals that presage a future that is more dynamic than […]
The recent NFIB Small Business Optimism Index (the “SBO Index”) from July revealed some interesting information. The index is part […]
We’ve recently seen what’s being called “frying pan” charts entering the economic lexicon. The “handle” of the pan being on […]
It’s one thing to copy or borrow (some might say steal) someone else’s IP. in fact, many “creators” would argue […]