Investment Perspectives

December 01, 2020 White Papers
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.

November 20, 2020 White Papers
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.

December 09, 2019 White Papers
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?

May 31, 2018 White Papers
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.

November 29, 2016 White Papers
Active Management: Revisiting the Publicized Merits of Concentrated Portfolio Construction

For the past few years, the passive versus active debate has been characterized as a pitched battle between two sides. Upon closer inspection, however, some might recognize that this ongoing argument is far more nuanced than it appears at first blush and actually involves multiple sides with somewhat vague allegiances.

September 09, 2016 White Papers
Active Alpha: Capturing Idiosyncratic Risk

A search on LexisNexis, scanning just the past 12 months, will return well over 3,000 news articles, all focused on the active-versus-passive debate that has come to define today's investment landscape. The arguments are all pretty much the same, with proponents of passive strategies keying in on the themes of lower costs and comparable performance, while those defending active strategies will underscore the value of a hands-on approach in a sideways or downward moving market.

June 01, 2016 White Papers
Boston Partners Global Equity: Opening up the Opportunity Set

In 1992, Morningstar introduced the Style Box™, the now-pervasive nine-square grid that visually depicts the investment style of mutual funds. The goal of the Style Box™ is to aid institutional investors seeking to categorize strategies to meet specific asset-allocation targets.