Issue link: https://nebusinessmedia.uberflip.com/i/1342279
HartfordBusiness.com | February 22, 2021 | Hartford Business Journal 13 Like other asset classes, alternative investments can be used to help improve the risk-return profile of a portfolio through diversification. Justin, you are a former naval intelligence officer. How does that experience help you in investment management? Justin: Our name is partly inspired by "all-source intelligence," the art of pulling together different types of information to produce finished intelligence, a responsibility I had at the Defense Intelligence Agency and at the Joint Intelligence Operations Center-Afghanistan. The discipline of using all available information to make decisions also fits with our strategy of keeping all options on the table. What's the greatest opportunity in the market right now? Patrick: We're excited about opportunities in the private equity space. We have access to boutique managers that specialize in certain niches. Typically, such managers aren't widely available because of capacity restraints. Today, there are many dislocations in the economy and private markets due to the pandemic. Seasoned private equity firms can find attractive opportunities in such an environment. What's the greatest risk? Patrick: Complacency. With interest rates at all-time lows, conservative investors are being pushed up the risk scale. Now that volatility has returned, investors who have taken advantage of strategies that simply 'ride' the market will have to ask themselves if they're comfortable with this new level of risk. What's your economic outlook for Connecticut? Justin: Connecticut has the building blocks to be one of the best-performing economies in the country, but it has taken some wrong turns over the years. If Connecticut could reduce or phase out the income tax over time, we believe it would quickly become the most attractive business location in the Northeast. Justin, you've dabbled in politics, including running for the Fifth Congressional seat in 2012. You've also been Patrick Kennedy Founding Partner All Source Investment Management Previous job: Morgan Stanley Wealth Management Education: Master's degree in banking and financial services management, Boston University Age: 32 involved in Farmington town politics. Do you have any future plans in politics? Why have you gotten involved in the political arena? Justin: I've been involved in politics for the same reason I joined the military and support charities: because some things are more important than money. I currently serve on the state commission on compensation for elected officials, so I plan to remain engaged in public policy, but politics doesn't play any role in All Source's investment process. We are much more focused on market correlations and growth rates than anything coming out of the political world. Where do you want your firm to be in three years? Justin: Three years from now, we want All Source to be known as the best place to go for portfolios that don't live or die by the stock market alone. In the meantime, we want to earn that reputation by showing more investors a better way to seek returns. ON THE RECORD: Q&A All Source Investment Management Founding Partner Patrick Kennedy. PHOTO | CONTRIBUTED 107 Old Windsor Road, Bloomfield, CT 06002 (860) 242-8586 | Fax (860) 242-8587 www.pdsec.com PDS ENGINEERING & CONSTRUCTION, INC. THINK • PLAN • BUILD Spotlight on: Commercial Impact Plastics | Putnam, CT Total Project Size: 12,000 SF Another Successful Project by PDS DESIGN BUILDERS • GENERAL CONTRACTORS • CONSTRUCTION MANAGERS PDS recently designed and built a state of the art two-story, 12,000 square foot addition onto the existing Impact Plastics facility. This new addition features polished concrete floors, a frameless glass conference room, work laboratories, and a second floor exterior patio. PDS was able to complete this project within the time requested while remaining within the owners budget.