Archive for the ‘Investment Management’ Category

Investment Management – First Quarter 2012

Friday, May 11th, 2012

Global equity markets experienced a remarkable upward move in the first three months of 2012. With Europe able to avoid a banking crisis, investors shifted their attention to continued positive trends in U.S. economic data and corporate earnings growth.

As anxiety subsided, stocks staged a…

Posted in Featured, Investment Management

Investment Management – Fourth Quarter 2011

Friday, January 20th, 2012

During 2011, increased levels of volatility gave investors a sense of whiplash. High oil prices and the earthquake in Japan slowed global GDP growth in the first half of the year. Heading into the second half of the year, concerns escalated over the U.S. credit rating downgrade and a potential Greek default, while sovereign yield spreads in the Eurozone rose to…

Posted in Investment Management

Investment Management – Third Quarter 2011

Thursday, October 20th, 2011

Global equity markets were rattled in the third quarter as sovereign debt fears in Europe escalated into speculation of a second financial crisis. Austerity measures in debt-burdened countries and tighter monetary policies in emerging economies, particularly China, slowed worldwide…

Posted in Investment Management

Investment Management – Second Quarter 2011

Wednesday, July 13th, 2011

If you would like to experience a sense of déjà vu, re-read our second quarter letter for 2010. For a second year, heading into the spring and summer months, there are riots in Greece, world events are unpredictable and unsettling, and economists are…

Posted in Investment Management

Investment Management – First Quarter 2011

Monday, April 18th, 2011

Equity markets entered the first quarter on a very strong note, reaching levels on the S&P 500 not seen since June 2008. Following a 7% advance through mid-February, the confluence of macro events in the second half of the quarter caused the index to correct by 6.4%, dipping into negative territory for the year.

Posted in Investment Management

Investment Management – Fourth Quarter 2010

Tuesday, January 11th, 2011

Heading into the final days of 2010, investor sentiment was high. Concerns about over-leveraged European countries, the massive Gulf Coast oil spill and a summer slump in U.S. economic data were overcome by a steadily improving global economy.

Posted in Investment Management

Investment Management – Third Quarter 2010

Thursday, October 14th, 2010

In the last nine months, investor sentiment has been on a roller coaster ride, due primarily to economic uncertainty. Whether it’s the financial crisis in the EU, the depressed U.S. housing market or consumer deleveraging, there are various macro economic headwinds to be faced. In stark contrast…

Posted in Investment Management

Investment Management – Second Quarter 2010

Wednesday, July 14th, 2010

Equity markets entered into a correction in the second quarter as a series of macroeconomic issues created concern that forecasts for Gross Domestic Product (GDP) and earnings growth may be too optimistic. This led to discussions of…

Posted in Investment Management

Investment Management – First Quarter 2010

Friday, April 16th, 2010

As investors prepare for another round of quarterly earnings reports, corporate America continues to see benefits from deep expense cuts made in response to the financial crisis. Wider margins, combined with the return of top-line revenue growth, are increasing confidence in the board room and enabling firms to beat Wall Street’s earnings expectations.

Posted in Investment Management

Investment Management – Fourth Quarter 2009

Friday, January 22nd, 2010

With 2009 in the history books, the record will show that the S&P 500 delivered a total return of 26.5% for the year. Looking back through all the events of the past 12 months, one needs to appreciate what a substantial achievement that this represents. Gains in the equity markets were…

Posted in Investment Management