Archives

US Monetary Policy: It’s Déjà Vu All Over Again

Is maintaining a zero interest rate policy in the United Sates today a good idea, or is not raising rates doing more harm than its intended good? I suppose that depends on perspective and opinion.

Buying Time: Why We Think M&A Is Here to Stay

In an environment of still-moderate global economic growth that may not promise great rewards for new investment or capital expenditure, the market appears more prepared to accept that well-thought-out M&A, financed by lower-cost capital and low interest rates, could be quickly accretive.

Meet the Manager: James Harper

Being based in the Bahamas, I’m somewhat separated from the emotional turmoil that comes with the frenetic trading of Wall Street, and that can be a good thing. I don’t get distracted by the day-to-day noise of the markets.

In the Know: Europe’s Capital Markets Union

We are generally supportive of any ‘pro-European’ measures that help improve systemic integration across the monetary union.

October’s Market Ups and Downs Put Into Perspective

In the United States, I think a big part of this recent equity market selloff, particularly the violent nature of it in October, is an indicator that perhaps the scars from the 2007–09 financial crisis still are fairly deep.

Value Emerges Outside Glare of US Markets

Today, we see much more undervaluation outside of the United States, including two emerging markets—South Korea and China—that have been out of favor in recent years.

European Bank Stocks: Time to Buy, or Bail?

A gradually improving economic outlook, conservative loan underwriting and the potential for write-backs from existing non-performing loan provisions should support a recovery in European bank equities.

A Strengthening Case for European Bonds

Although the pace of economic improvement in the eurozone is slow, there is at least some growth. We are optimistic about the prospects for fixed income investing in the region—perhaps more than many other areas of the world.

The International Attraction of MENA Markets

The Saudi Arabian cabinet has finally authorized foreign direct investment in locally listed equities, with market opening now targeted for the first half of 2015. This is unanimously viewed as a massive step forward for the region.

Actively Managing for a Less-Correlated World

I think there has recently been a movement away from just a one-decision trade, where investors are simply reacting to moments of panic or euphoria, into a place where it is more possible to make rational decisions based on fundamentals.

Emerging Markets: Ugly Duckling or Swan?

A Time for Optimism in Europe?