March 10, 2021—The overall stock market has been treading water for a few weeks, with the S&P 500 suffering modest setbacks of 3%–5% since the start of the year (and no pullback of 10% or more since the March 2020 crash). Overall market volatility has picked up with fits and starts but has averaged much less than in 2020.
As head of portfolio construction, Phil identifies, recommends, and defends individual investments and/or implementation vehicles to improve portfolio outcomes for clients. He also manages specific Wilmington Trust investment strategies and is a member of Wilmington Trust’s Investment Committee.
Phil has more than 15 years’ experience in the industry building, developing, and using models to make investment decisions. Prior to joining Wilmington Trust in 2018, Phil was Partner at Tournus Capital Management, a quantitative equity hedge fund. Before that, Phil was portfolio manager and model developer for Bryn Mawr Capital Management, a quantitative equity hedge fund with a successful 20-plus-year track record. Prior to Bryn Mawr, Phil was a trader at Susquehanna International Group, a global quantitative trading firm.
Phil holds an MBA from The University of Chicago Booth School of Business with concentrations in analytical finance and statistics, and a bachelor’s degree in intellectual history from The University of Pennsylvania.
He is an active volunteer, currently serving as treasurer for the Buck Hill Conservation Foundation.