Why are investors shedding riskier assets?

Chief Investment Officer David Hagee & Tara McConkey, CFA®, Director of Portfolio Management
February 7, 2023

In our latest Conversations with Commerce Trust podcast episode. David Hagee and Tara McConkey discuss the Federal Reserve’s 10-year run of easy money that led to the rise in popularity of certain highly speculative asset categories, including crypto, SPACs and NFTs, and how the Fed’s shift to a restrictive stance last year wreaked havoc on these riskier investments. 

As a companion piece to the podcast, we offer a commentary on the possible future of the hotly debated and polarizing world of cryptocurrency. 


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ABOUT THE AUTHOR

david hagee commerce trust
David Hagee Senior Vice President, Chief Investment Officer Commerce Trust 
David is the chief investment officer for Commerce Trust and of Commerce Investment Advisors, Inc., the SEC-registered advisor to the Commerce Funds mutual fund complex. Upon gaining a thorough understanding of a client’s needs and goals as well as assessing the client’s entire financial situation, he works with our investment research team to construct a portfolio to help clients achieve their long-term goals.

David has been with Commerce Bank for 23 years. During which he worked as a portfolio manager with private and institutional clients before becoming the director of portfolio management for the eastern region. 

David earned his Bachelor of Arts from Washington University in St. Louis. Additionally, he is a member of the CFA Institute and the St. Louis Society of Financial Analysts as well as a board member and Treasurer of Aim High St Louis. He serves as the President of the Investment Committee of the Center of Creative Arts (COCA) and serves on the investment committee of Forest Park Forever and the International
Institute.

ABOUT THE AUTHOR

Tara McConkey, CFA® Senior Vice President, Senior Portfolio Manager Commerce Trust

Tara is Senior Vice President and Director of Portfolio Management for the East region of Commerce Trust. Upon gaining a thorough understanding of a client’s needs and goals as well as assessing the client’s entire financial situation, she works with our investment research team to construct a portfolio to help clients achieve their long-term goals.

Tara comprehensively represents our research- and goals-based investment process, starting with the initial assessment and creation of an investment objective to ongoing evaluation and adjustments based on changing market and life circumstances. With a deep knowledge of the market and experience in investment management, she serves clients with thought leadership, insight, and consulting services.

With more than 30 years of experience, Tara also serves on the Investment Policy Committee at Commerce Trust. She received both her master of business administration and bachelor of science in business administration degrees from Saint Louis University. Tara holds the Chartered Financial Analyst® designation and is a member of the CFA Institute and the CFA St. Louis Society, for which she previously served as director of the CFA St. Louis Society. 

The Chartered Financial Analyst® (CFA®) Charter is a designation granted by CFA Institute to individuals who have satisfied certain requirements, including completion of the CFA Program and required years of acceptable work experience. Registered marks are the property of CFA Institute.