Title: Partner, portfolio manager
Firm: Lord Abbett & Co.
Age: 37
Greg Shuman's career has always been focused on becoming a portfolio manager.
Greg, a partner and portfolio manager at Lord Abbett & Co., is also a chartered financial analyst.
He focuses on the firm's Sustainable Municipal Bond Fund, California Fund, Short High Income Municipal Fund, National Fund and High Income Fund.
Greg said he favors municipals for being a niche market, its blend of government policy and economics, the quantitative focus of fixed income as an asset class, and the complexity and evolving nature of municipal finance and markets.
He is also responsible for managing Lord Abbett's municipal bond research team, providing guidance to the analysts and overseeing identifying securities for all of the tax-free, fixed-income portfolios.
Greg said he jumped at the chance to take his first job at Lord Abbett after graduating with a Bachelor of Arts degree in economics from Harvard University in 2010.
At the firm he was mentored by Dan Solender, a partner and director of tax-free, fixed income at Lord Abbett, who has 36 years of experience in the industry.
"I found a job I'm excited and passionate about, a firm with a performance-oriented culture, and that aligns with me," Greg said.
Born in Boston, he grew up in Connecticut, and now lives in Garden City, New York, with his wife, Chrissy, and two-year-old son, Chase.
It wasn't long after joining the firm that Greg was named one of its 50 partners.
His leadership has been key, according to Solender, who nominated his protégé.
"He was instrumental in helping to lead his portfolios to deliver strong performance and significant asset growth," Solender said, adding that Greg quickly rose the ranks from his entry-level position.
Greg now leads Lord Abbett's Investment Associate Program, which hires young talent out of college each year to fill entry-level positions on its tax-exempt fixed income, taxable fixed income, and equity teams, Solender said.
"During Greg's tenure, Lord Abbett's municipal bond assets have grown several times over, which is a true testament to the scope of his impact and his proven ability to manage the portfolios to strong performance," Solender said.
