Barron’s: Sierra Makes 2 Key Hires As It Plans Further Growth
Sierra Investment Management hired two new investment professionals for its leadership team as it seeks to expand its asset management operations and client services. The firm is part of the Sierra Group of Companies, which last year hired former TD Ameritrade executive Skip Schweiss as its chief executive officer. Sierra was co-founded by Kenneth Sleeper […]
Sierra’s Dave Wright Discusses Moving Stock Holdings to Cash during Bear Market | Insider (6-24-2022)
Many of the hedge funds and investment firms that have held up during this year’s market bloodbath proactively trimmed their stock holdings in favor of cash. An asset manager who has beaten 91% of his peers during the bear market recently told Insider over 50% of his fund is in cash, with just 3% in […]
Co-founder David Wright: How to Be a ‘Genius’ in a Bear Market | Bloomberg Wealth (6-16-2022)
“If you’re ever in doubt, or if your brain is saying, ‘What if I just keep holding this stock for a few more days?,’ if you want to be a genius, sell half of your position,” said David Wright, co-founder of Sierra Investment Management. “You’re a genius if the market recovers, because you haven’t sold […]
Sierra’s David Wright talks to Business Insider
“We’re in the early phases of the deepest bear market of my life.” Sierra Co-Founder, David Wright, talked with Business Insider about the current state of the markets, what strategies he’s using to help minimize losses in a downturn, and his thoughts on the possibility of an extended bear market. The thoughts and opinions expressed […]
Co-founder David Wright Sees Parallels in Current Economic Scenario | Reuters (5-9-2022)
“The Fed has been as slow to respond to inflation as they’ve ever been, and that is leaving me seriously negative on equities,” said David Wright, co-founder of $9.6 billion asset manager Sierra Investments. Wright sees some parallels in the currency economic scenario to 1981, when high inflation forced the Fed to embark on a […]
Sierra’s David Wright on Bloomberg Markets
Sierra Co-Founder, David Wright, joins Bloomberg Markets to discuss the current market volatility and where he thinks the bottom will be, provides his thoughts on the bond market, and why we use stops to help limit downside risk. The thoughts and opinions expressed in the segment are solely those of the persons speaking as of […]
David Wright Discusses Stop-Loss Orders | Barron’s (4-8-2022)
Sierra Investment Management’s David Wright suggests using stop-loss orders with this and similar exchange-traded funds, given commodities’ volatility and their recent run-up. 0087-SI00-XLAP 11022022 The thoughts and opinions expressed in the segment are solely those of the person speaking as of 4/8/2022, and not necessarily those of Sierra and are provided for informational purposes only. […]