Emerging Markets: A Buy and Hold Approach
We believe there is potential in EM equities and a long/short approach may reduce the asset class’s inherent volatility and transform a tactical allocation into a strategic one.
The Case for Value in Non-U.S. Equities
The pronounced underperformance of value equities over the past several years has caused some clients to question if there is still a strategic, long-term case for non-U.S. value allocations. For any asset allocator to fully appreciate why value should have a place in portfolios, it is important to differentiate between some of the more traditional and simplistic definitions of value, and a more holistic approach to value which we feel is more appropriate.
Watch Out When Value Returns to Favor!
Growth has outperformed value for the better part of the last decade. In early September of this year, we witnessed one of the most abrupt momentum to value reversals in equity market leadership in the past 30 years. Will this mark the beginning of a shift in leadership?
A Global Approach to Long/Short Investing May 2018
Even after a five year run up in the U.S. equity markets, many investors still have ample memories of the financial crisis of 2008. Investors are uncertain of where to invest that will offer some protection against market volatility and also mitigate drawdown risk. As a result, “liquid alternatives” have seen tremendous asset flows.
Finding Alpha with Active Managers
Many investors are convinced that alpha has disappeared from U.S. equity markets and prefer to use passive investment tools such as exchange traded funds (ETFs) to broadly gain exposure to these markets. The problem with this approach is that it gives up any chance of outperformance and forces an investor to settle for benchmark returns minus fees.