Afraid of short-term losses? Don't buy his funds, growth manager says

Dynamic's award-winning Noah Blackstein puts volatility in perspective.

Diana Cawfield 8 October, 2015 | 5:00PM

Growth-style manager Noah Blackstein, best known for his U.S. equity funds that have been among the highest returning and most volatile in their peer group for more than a decade, says investors should look beyond their fears of short-term losses.

The whole idea of short-term volatility as a risk measure really hurts investors because it's incredibly flawed, says Blackstein, a vice-president and portfolio manager at 1832 Asset Management L.P. in Toronto. "Having said that, sure we can be more volatile in short periods of time, and we can also be less volatile."

Blackstein has managed Dynamic Power American Growth since its inception in July 1998, along with its 14-year-old corporate-class version Dynamic Power American Growth Class. He also manages Dynamic Power Global Growth Class. The U.S. and global mandates have each won two awards in their categories at the Morningstar Awards, most recently in 2011.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Palo Alto Networks Inc185.30 USD-1.21
Salesforce.com Inc167.43 USD-2.74
Tableau Software Inc A  

About Author

Diana Cawfield

Diana Cawfield  Diana Cawfield is an award-winning writer who has been a regular Morningstar contributor since 2000. Her numerous publication credits include the Toronto StarAdvisor's Edge and Chatelaine, as well as the Canadian Securities Institute's online educational services.