Managing Director, Hedge Funds

As managing director of alternative investments for Truist Advisory Services, Inc., Spencer leads the Investment Advisory team responsible for Truist’s outlook and strategy for private equity, private credit, and hedge funds. In this role, Spencer is responsible for due diligence and manager selection for hedge funds and private capital, serves as a portfolio manager for select portfolios, and is responsible for the firm’s publications and advisory work on alternative investments. In addition, he is responsible for the team conducting research, manager selection, and portfolio management for alternative investments.

Experience

Spencer has more than 30 years of experience in alternative investment research, portfolio management, and consulting. Prior to joining the Investment Advisory Group (IAG) in 2016, Spencer served as managing director and chief investment officer of alternative investments for Merrill Lynch Wealth Management where he was responsible for their hedge fund and private equity platform. Previously, he served as head of hedge fund investment, portfolio management and research for Bank of America. Other prior positions include senior portfolio manager and CEO for US Trust Hedge Fund Management Inc., senior vice president and co-director of research for CTC Consulting, and principal at Winston Partners. Spencer is based in New York City.

Publications

Under the auspices of the Greenwich Roundtable, a nonprofit focused on alternative investments education, Spencer served as:

  • Primary author of “Best Practices in Hedge Fund Investing: Due Diligence for Equity Strategies”
  • General editor of three subsequent volumes spanning global macro, managed futures, credit, and fixed income strategies

Linked InEducation & designations

  • Bachelor’s degree, University of Virginia

Linked InAreas of focus

  • Investment research, manager selection and portfolio management for private equity, private credit, hedge funds, and liquid alternatives
  • Market outlook and portfolio strategy for multi-asset portfolios that include private equity, private credit, and hedge funds
  • Alternative investments consulting services for institutions and ultra-high net worth families
  • Managing hedge fund of funds portfolios

Insights recommended by the IAG team

Market Navigator March 2026

Market Navigator March 2026

Market Navigator November 2026 edition

Our monthly Market Navigator provides regular and timely economic and investment strategy views.

Article
11/04/2026
Article

A tech reset, rate reversal, and midterm elections add to market crosscurrents. Positioning for the eventual resumption of the tech-led bull market while balancing exposures for a wide range of outcomes.

    {0}

    {0}

    {2}
    {6}
    {7}
    {8}
    {9}
    {12}
    {10}
    {11}

    {3}

    {1}
    {2}
    {6}
    {8}
    {9}
    {10}
    {11}
    {14}
    {12}
    {13}
    {1}
    {2}
    {7}
    {8}
    {9}
    {10}
    {11}
    {14}
    {12}
    {13}
    Economic commentary – October 28, 2026

    Economic commentary – October 28, 2026

    Economic Commentary Hawkish Fed hold; here’s 5 things you need to know

    Our view on the economy including rationale on GDP, jobs report, and Fed policy decisions.

    Article
    10/28/2026
    Article

    Our view on the economy including rationale on GDP, jobs report, and Fed policy decisions

      {0}

      {0}

      {2}
      {6}
      {7}
      {8}
      {9}
      {12}
      {10}
      {11}

      {3}

      {1}
      {2}
      {6}
      {8}
      {9}
      {10}
      {11}
      {14}
      {12}
      {13}
      {1}
      {2}
      {7}
      {8}
      {9}
      {10}
      {11}
      {14}
      {12}
      {13}
      Market Navigator March 2026

      Market Navigator March 2026

      Market Navigator November 2026 edition

      Our monthly Market Navigator provides regular and timely economic and investment strategy views.

      Article
      11/04/2026
      Article

      A tech reset, rate reversal, and midterm elections add to market crosscurrents. Positioning for the eventual resumption of the tech-led bull market while balancing exposures for a wide range of outcomes.

        {0}

        {0}

        {2}
        {6}
        {7}
        {8}
        {9}
        {12}
        {10}
        {11}

        {3}

        {1}
        {2}
        {6}
        {8}
        {9}
        {10}
        {11}
        {14}
        {12}
        {13}
        {1}
        {2}
        {7}
        {8}
        {9}
        {10}
        {11}
        {14}
        {12}
        {13}

        Additional resources

        Broaden your horizons with Truist Perspectives, and ignite your potential with our latest podcast, “I’ve Been Meaning To Do That.”

        Expand your perspective

        Truist Perspectives gives you the tools, tactics, and ideas to help ignite your potential and broaden your horizons.

        I’ve been meaning to do that: From purpose to action

        Join Truist Wealth’s Head of Investment Management, Oscarlyn Elder, to learn how purpose can impact your portfolio.

        Component ID : "accordionGridLayout-1194370725"
        Model : "disclaimer"
        Position : "left"

        Investment and Insurance Products:

        • Are Not FDIC or any other Government Agency Insured
        • Are Not Bank Guaranteed
        • May Lose Value

        Spencer Boggess is an investment adviser representative of Truist Advisory Services, Inc.

        Advisory managed account programs entail risks, including possible loss of principal and may not be suitable for all investors. Please speak to your advisor to request a firm brochure which includes program details, including risks, fees and expenses.

        Truist Wealth is a name used by Truist Financial Corporation. Banking products and services, including loans, deposit accounts, trust and investment management services provided by Truist Bank, Member FDIC. Securities, brokerage accounts, insurance/annuities offered by Truist Investment Services, Inc. member FINRA, SIPC, and a licensed insurance agency where applicable. Life insurance products offered by referral to Truist Insurance Holdings, LLC. and affiliates. Investment advisory services offered by Truist Advisory Services, Inc., Sterling Capital Management, LLC, and affiliated SEC registered investment advisers. Sterling Capital Funds advised by Sterling Capital Management, LLC.

        While this information is believed to be accurate, Truist Financial Corporation, including its affiliates, does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these analyses or market data.

        The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Truist Financial Corporation makes no representation or guarantee as to their timeliness, accuracy or completeness or for their fitness for any particular purpose. The information contained herein does not purport to be a complete analysis of any security, company, or industry involved. This material is not to be construed as an offer to sell or a solicitation of an offer to buy any security.

        Opinions and information expressed herein are subject to change without notice. TIS and/or its affiliates, including your Advisor, may have issued materials that are inconsistent with or may reach different conclusions than those represented in this commentary, and all opinions and information are believed to be reflective of judgments and opinions as of the date that material was originally published. TIS is under no obligation to ensure that other materials are brought to the attention of any recipient of this commentary.

        Comments regarding tax implications are informational only. Truist and its representatives do not provide tax or legal advice. You should consult your individual tax or legal professional before taking any action that may have tax or legal consequences.

        Investments involve risk and an investor may incur either profits or losses. Past performance should not be taken as an indication or guarantee of future performance.

        TIS/TAS shall accept no liability for any loss arising from the use of this material, nor shall TIS/TAS treat any recipient of this material as a customer or client simply by virtue of the receipt of this material.

        The information herein is for persons residing in the United States of America only and is not intended for any person in any other jurisdiction.

        Investors may be prohibited in certain states from purchasing some over-the-counter securities mentioned herein.

        The information contained in this material is produced and copyrighted by Truist Financial Corporation and any unauthorized use, duplication, redistribution or disclosure is prohibited by law.

        TIS/TAS’s officers, employees, agents and/or affiliates may have positions in securities, options, rights, or warrants mentioned or discussed in this material.

        ©2024 Truist Financial Corporation. Truist®, the Truist logo, and Truist are service marks of Truist Financial Corporation. All rights reserved.

        CN2024-6284136.1 EXP 01-2025

        Disclosures

        Truist Bank, Member FDIC. © 2026 Truist Financial Corporation. Truist, the Truist logo, Truist Purple, Truist One, and Truist Marquee are service marks of Truist Financial Corporation.

        Equal Housing Lender

        Investment and Insurance Products:

        • Are Not FDIC or any other Government Agency Insured
        • Are Not Bank Guaranteed
        • May Lose Value

        TRUIST is a service mark of Truist Financial Corporation (Truist) and its affiliates.

        Services provided by Truist Financial Corporation (Truist) affiliates: Banking products and services, including loans and deposit accounts, provided by Truist Bank, Member FDIC. Trust and investment management services provided by Truist Bank. Securities, brokerage accounts and/or annuities offered by Truist Investment Services, Inc., an SEC registered broker-dealer, and member FINRA and SIPC, and a licensed insurance agency. Investment advisory services offered by Truist Advisory Services, Inc. and GFO Advisory Services, LLC, SEC registered investment advisers. Some insurance products offered by Truist Investment Services, Inc. Other insurance products offered by Marsh & McLennan Agency, LLC (as successor in interest to McGriff Insurance Services, LLC) CA License #0H18131, Kensington Vanguard National Land Services, and Crump Life Insurance Services. Truist Life Insurance Services (TLIS) is a division of Crump, Arkansas License #100103477. Variable insurance material is for broker-dealer or registered representative use only. Variable products distributed by P.J. Robb Variable, LLC, Arkansas License #100110185. Member FINRA.

        Marsh & McLennan Agency LLC, Kensington Vanguard National Land Services, Crump Life Insurance Services, Truist Life Insurance Services, and P.J. Robb Variable, LLC are not affiliated with Truist Financial Corporation or any of its subsidiaries.

        Truist Securities is a trademark of Truist Financial Corporation. Truist Securities is a trade name for the corporate and investment banking services of Truist and its subsidiaries. All rights reserved. Securities and strategic advisory services are provided by Truist Securities, Inc., member FINRA and SIPC. Lending, financial risk management, and treasury management and payment services are offered by Truist Bank.

        Mortgage products and services are offered through Truist Bank. All Truist mortgage professionals are registered on the Nationwide Mortgage Licensing System & Registry (NMLS), which promotes uniformity and transparency throughout the residential real estate industry. Search the NMLS Registry.

        Comments regarding tax implications are informational only. Truist and its representatives do not provide tax or legal advice. You should consult your individual tax or legal professional before taking any action that may have tax or legal consequences.

        "Truist Advisors" may be officers and/or associated persons of the following affiliates of Truist, Truist Investment Services, Inc., and/or Truist Advisory Services, Inc. Truist Wealth, International Wealth, Center for Family Legacy, Business Owner Specialty Group, Sports and Entertainment Group, and Legal and Medical Specialty Groups are trade names used by Truist Bank, Truist Investment Services, Inc., and Truist Advisory Services, Inc.

        Applications, agreements, disclosures, and other servicing communications provided by Truist Bank and its subsidiary businesses will be provided in English. As a result, it will be necessary for customers to speak, read and understand English or to have an appropriate translator assisting them. Please note that Truist provides translations of webpages, documents and disclosures as a courtesy and in the event of any inconsistencies or discrepancies between the English content and the translated content, the English content supersedes the translation. Truist offers phone support in Spanish at 844-4TRUIST (844-487-8478), option 9. For assistance in other languages, please speak to a representative directly.

        New York City residents:

        Translation or other language access services may be available. When calling our office regarding collection activity, if you speak a language other than English and need verbal translation services, be sure to inform the representative. A description and translation of commonly-used debt collection terms is available in multiple languages at http://www.nyc.gov/dca.

        Borrowers with Limited English Proficiency (LEP) needing information can use the following resources:

        The Consumer Finance Protection Bureau (CFPB) also provides additional resources for homeowners seeking payment assistance in select languages at: https://www.consumerfinance.gov/housing/housing-insecurity/help-for-homeowners/

        Site footer

        Navegación a pie de página

        Productos bancarios
        Acerca de Truist
        Recursos
        Asistencia

        © 2026, Truist. Todos los derechos reservados.