Oil’s been in the headlines with week with prices turning negative for the first time in history and we thought we’d share our perspective on it with you. I happened to be watching CNBC on Monday as prices turned negative and the host was saying that the markets were broken. They’re actually not broken—they’re functioning perfectly.
In April, Boston Partners’ Brad Brezinski, an equity product specialist, published a bylined article in WealthManagement.com. The article, “Awaiting an Idling Value Cycle,” discusses the current market landscape and opportunities available to value investors who adhere to a consistent philosophy and process.
In early April, Boston Partners’ Josh Jones, a portfolio manager on Boston Partners Global Equity and International Equity strategies, published a bylined article in Investment Week. The op-ed explored the opportunity for liquid alts investors to find compelling short positions within the growing pool of concept stocks at the tail end of an extended cycle.
The Financial Times recently spoke with Boston Partners’ Director of Global Markets Research, Michael Mullaney on the state of value investing.
Boston Partners Portfolio Manager Josh Jones published a contributed article in Investments & Pensions Europe (IPE) in November, exploring some of the distinguishing characteristics that speak to why variable long/short funds can differ so markedly from market-neutral strategies. While the differences are often overlooked during extended market expansions, the impact can be quite significant for investors who gravitate to long/short funds for stability during periods of uncertainty.
In the last week of August, Boston Partners’ Todd Hawthorne, the lead portfolio manager of the firm’s Redwood fund, published a bylined article in Pensions & Investments in which he highlighted how volatility-harvesting strategies can complement and enhance traditional fixed income allocations. The article, “Volatility Harvesting: The Great Diversifier,” noted that against a backdrop of rising inflation, correlations between equities and bonds tend to converge.
In September, Mark Donovan, co-chief executive officer and lead portfolio manager for Boston Partners’ Large Cap Value portfolios, authored a contributed article that appeared in Fund Strategy, a U.K.-based publication that caters to investment intermediaries. The article discusses the persistence of value strategies over time, even amid an era that has been defined by an accommodative monetary policy and inflated market valuations.
In September, Paul Korngiebel, lead portfolio manager on the Emerging Markets Long/Short Equity strategy, published a bylined article in Pensions & Investments, which highlights the value of a long/short strategy in the emerging markets. The article, “Emerging Markets Without the Volatility” explains why a long/short strategy in the emerging markets could be attractive to investors who otherwise could not handle the volatility of traditional, long-only emerging markets exposure.
In January, Boston Partners’ Daniel Farren published a contributed article in Pensions & Investments that highlights why diversification, borne out of rigorous analysis and high conviction, can yield returns in line with far more concentrated portfolios, though with lower risk and reduced volatility.