Mike Dever Joins Volatility Views for a Historic Week in the Markets

It’s been over a decade since Mike Dever, CEO and Founder of Brandywine Asset Management, last joined Volatility Views — and what a week to return. In the midst of one of the most volatile stretches the market has seen since 2008, Mike sat down with the hosts to break down how Brandywine’s strategies not only withstand market whiplash but use it to investors’ advantage.

In this episode, Mike discusses:

• Why most retirement strategies underestimate true market risk

• How Brandywine’s Risk Replacement approach uses options for real downside protection

• Why volatility isn’t the enemy—it’s an opportunity for those who are prepared

• How current market events mirror (but differ from) the 2008 crisis

• Insights on managing equity exposure through turbulent markets

🎧 Listen to the full episode now:

Redefining Risk Management for Retirement Plans

During the episode, Mike emphasized that traditional target-date funds and retirement strategies still mismanage risk — often relying on bonds for downside protection. As we saw during the downturns of 2022 and the current market turbulence, this model fails when stocks and bonds fall together.

There is a solution. Brandywine’s innovation of Risk Replacement.

Learn more about how Risk Replacement powers Brandywine’s investment strategies: Explore Brandywine’s Strategies

Why Volatility Is the New Advantage

Instead of fearing volatility, Brandywine treats it as a critical input for portfolio construction. As Mike points out, properly managed volatility can help:

• Reduce sequence-of-returns risk in retirement plans

• Preserve upside potential during bull markets

• Minimize catastrophic downside losses during market crashes

It’s not about avoiding volatility—it’s about managing it systematically. Schedule a call with Brandywine today to learn more.

Learn more about Brandywine’s Risk Replacement approach and explore our suite of retirement-focused investment solutions. Explore Our Strategies