Asset Allocation During Challenging Geopolitical Times
Like many global investment managers, we have been asked by asset owners, their consultants, and the media about our exposure to Russia as well as our perspective on the investment impact of Russia’s invasion of Ukraine.
Alpha Opportunities in Small Cap
View PDF | Print VersionThere has been a long-standing belief that the small-cap universe offers greater opportunity for active management to add value relative to a capitalization weighted benchmark than is the case for the large-cap universe. We compare the alpha...
What Our Boutique Managers are Saying About Investment Opportunities due to the Russian War in Ukraine (So Far)
View PDF | Print Version“Russia is a riddle wrapped in a mystery inside an enigma” - Winston Churchill This is now the fifth time Russia has become ‘uninvestable’ in our careers, so we have plenty of experience in seismic shocks such as these. The way to successfully...
What Concerns Us: Q1 2022 Market Outlook
For most of the world, the hope for 2022 is that it is the least bad year of the last three. But for global financial markets, this feels like a far-too-lofty aspiration. Following years of surging returns formost financial assets over the past several years …
What Our Boutique Managers are Saying About Investment Opportunities in China Today
Sino-pessimism is easy to find these days, perhaps with good reason. China spent 2021 cracking down on its most lucrative businesses, shuttering entire for-profit sectors, seeing several large property companies teeter on the edge of bankruptcy, suffer energy shortages, constrain the economy under an ongoing zero-Covid policy.
U.S. Fixed Income: Q4 2021 Update
As we contemplate fixed income markets in 2021 and what is in store for 2022, it seems clear an inflection point is upon us. We have spent a large amount of the past few commentaries discussing inflation and the implications …