Latest Views and News

Economic & Market Review, Third Quarter 2018

Municipal Commentary, Third Quarter 2018

Fixed Income Commentary, Third Quarter 2018


Featured Perspectives

Increasing Investment Opportunities in the Middle East and North Africa

Driven by powerful demographic forces, global technological changes, and the long-term potential decline in oil demand, parts of the Middle East and North Africa region are undergoing monumental changes not seen for generations. We recently visited the region and have updated views on several countries, including Egypt, Saudi Arabia, and the United Arab Emirates. Based on our assessment, we believe the region is ripe for potential investments by our strategy.

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Behavioral Finance and Multi-Factor Investing

In this brief commentary, the Advantage Equity team discusses the importance of maintaining an awareness of behavioral biases in investing and how that awareness influences one of the core tenets of their philosophy and process - namely, the discipline instilled by their multi-factor model.

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State Bailouts of Distressed Localities Present Challenges to Municipal Market

In March, the financially distressed City of Hartford, Connecticut inked a deal with the state allowing it to effectively transfer a debt burden of $550 million to state tax payers. If this development establishes a precedent for other distressed local governments across the country, significant challenges may arise for municipal market participants.

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