Research & Insights

Our investment decisions flow from incisive perspectives.

Q4 2020

Kai W. Hong, CFA
Managing Partner & Chief Investment Strategist

In an incredible end to an unforgettable year, markets rocketed upward for one of the strongest quarterly returns in history.  This was despite moderating macro conditions and a significant surge in the coronavirus pandemic.  More than 90… Read Full Post

Q3 2020

Kai W. Hong, CFA
Managing Partner & Chief Investment Strategist

The market rally off the pandemic-induced lows of late March continued in full force early in the quarter as highly accommodative monetary policy and optimism around further fiscal stimulus gave investors the green light for buying.   While… Read Full Post

The Source Podcast: How small managers can attract & retain assets during the pandemic

Kai Hong, Managing Partner and Chief Investment Strategist at Bivium Capital, recently participated in a podcast called The Source, produced by eVestment, providing his insights on how small managers can attract and retain assets in such volatile times.

See below for more information on the… Read Full Post

Q2 2020

Kai W. Hong, CFA
Managing Partner & Chief Investment Strategist

What a difference a quarter makes!  Despite a rash of historically bad economic data points and the generally unabated spread of the COVID-19 virus, investors seized upon *any* indication that things were not *that* bad to… Read Full Post

Q1 2020

Kai W. Hong, CFA
Managing Partner & Chief Investment Strategist

Coming into the new year, markets took a reasonable pause given the stellar returns of the prior year.  However as COVID-19 metastasized from a regional health crisis into a global pandemic, it precipitated a dramatic rise… Read Full Post

Q4 2019

Kai W. Hong, CFA
Managing Partner & Chief Investment Strategist

With the US and China moving towards a slow-motion settlement (or more accurately, détente) of their trade conflict, investors were free to focus on the positives of ample liquidity, solid employment, muted inflation, and positive momentum… Read Full Post

Q3 2019

Kai W. Hong, CFA
Managing Partner & Chief Investment Strategist

The month to month volatility seen in the second quarter continued in the third as competing narratives fought for investor mindshare.  On one hand, global growth showed more signs of a slow down with… Read Full Post

Leading Practices for Small and Emerging Managers, Episode 4: The Fundamentals of ESG and Sustainable Investing

View the recording of the live webinar HERE and see supporting materials HERE.

This session unpacks the why, what, and how of sustainable investing as it relates to ESG for money managers and asset owners.

Building on… Read Full Post

Q2 2019

Kai W. Hong, CFA
Managing Partner & Chief Investment Strategist

In a seesaw market, much of the action was driven by investor perspectives on and news from trade disputes and central bank signaling.  Concerns over trade and a slowing macroeconomic growth outlook weighed on sentiment at… Read Full Post

Q1 2019

Kai W. Hong, CFA
Managing Partner & Chief Investment Strategist

While significant, the drawdown and market pessimism seen at the end of 2018 was as short-lived as it was dramatic.  A somewhat abrupt about-face from the US Fed from prior hawkishness to moderate dovishness was enough… Read Full Post

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