Research & Insights

Our investment decisions flow from incisive perspectives.

December 2018

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

After three quarters in which a host of geopolitical uncertainties and slowing global economic growth saw investors continue to boost US equities at the expense of everything else, the combination of increasing political dysfunction in the US… Read Full Post

November 2018

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

Trade and geopolitical uncertainty continued to be on the forefront of investors’ minds in November. Although many markets (most notably emerging markets) posted positive returns for the month, the path to those gains was anything but smooth.… Read Full Post

October 2018

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

October was host to a broad-based market decline as concerns over trade and uncertainty around the outcome of the impending US mid-term elections caused investors to reassess their positioning. The Russell 3000 Index finished the month with… Read Full Post

September 2018

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

Trade was once again the most conspicuous concern for the markets in the quarter. With the posturing from each party becoming more and more confrontational, it was hard to see any “winners” emerging for all the “losses”… Read Full Post

August 2018

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

August saw the continued dominance of the US markets. The Russell 3000 Index finished the month with a return of +3.5%. Smaller cap stocks led on increased risk appetite and a perception that they were more insulated… Read Full Post

July 2018

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

July saw strong performance across most equity markets as concerns over the negative impact of trade wars subsided temporarily. The Russell 3000 Index finished the month with a return of +3.3%. Large cap stocks returned to the… Read Full Post

June 2018

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

Trade tensions were the major driver of many market movements during the quarter with June seeing a sharp escalation in talk and action. In addition to the steel tariffs already implemented, the US announced a further $200… Read Full Post

May 2018

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

After a brief pause in April, global market performance was mixed in May as investor enthusiasm returned to the US markets while results were more negative outside of the US.  The Russell 3000 Index finished the month… Read Full Post

Leading Practices for Small and Emerging Managers, Episode 3: Building the Next Gen Investment Advisor

Our third quarterly webinar covered Keys for Small and Emerging Managers to Stay Competitive in Transition. Planning for the future of your investment advisor is critically important to preserve enterprise value and to ensure good stewardship of clients. Our speakers share how small and emerging managers have successfully (and not so successfully) planned and… Read Full Post

April 2018

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

Following the meaningful volatility of the prior quarter, markets were relatively muted in April.  The Russell 3000 Index finished the month with a return of +0.4%.  Small cap stocks led for the second month with the Russell… Read Full Post