Research Experience Start Date: 2008
KAR Start Date: 2013
Sector Coverage: Small and mid-capitalization information technology and health-care sectors
Education: M.B.A., University of California, Los Angeles, B.A., Economics and Psychology, New York University
Prior Work Experience:
Equity Research Associate – Imperial Capital
Equity Research Associate – Merrill Lynch
What Do You Enjoy Most About Your Job:
Julie loves our process and philosophy and will tell anyone who listens about it. Most investors have to have an opinion on every stock, because if it’s cheap enough, you should buy it. You can sometimes get into stocks with businesses you’re not quite sure about because they’re cheap. At Kayne, if she comes across a business and can be pretty sure it will never reach our quality standards, she doesn’t need to do any more work. She doesn’t need to agonize that at some magic price, we should buy it. This gives her so much more time and headspace to just focus on understanding the quality businesses we own, and new candidates we could invest in.
What Do You Enjoy Most About Working at KAR:
Julie feels really lucky to work with such humble people who really try to take the emotion and ego out of investing. Some of our PMs have records anyone would dream of, but you can go into their office and the first thing they’ll tell you is all the mistakes they’ve made. Most PMs, you could spend an hour talking to them about how things are going lately, and you wouldn’t really be able to tell if they’re having a good quarter or bad quarter just by their moods. The long-term focus and a conviction in quality really shines through the team. The temperament of our team, patient, thoughtful, and thorough, is what really sets us apart.
What Are You Involved in Outside of Work:
Outside of work, Julie rides and competes horses in show jumping. The competitions are based on jumping the fences cleanly and quickly. It’s a huge rush of adrenaline, but it is also about the relationship you build with an animal without words. It satisfies both a need to compete, as well as a chance to connect. It’s also so expensive, she’ll never be able to retire from KAR 🙂