Markets & Economy » Evaluating Active Managers: The Benefits of Being Different

May 27, 2015 | Active Management

Gaining a better understanding of active management in today’s evolving and sometimes volatile investment environment begins with a simple point: Not all active managers are alike. Since the market downturn of 2008, there has been a reappearance in industry dialogue of the claim that...

Cindy Lapoff

Cindy Lapoff

Legal and Regulatory Consultant

Converge, Volume 6: Bridging the Demographic Disconnect

May 26, 2015 | Retirement Plans

A generational shift is underway. This year, Millennials will overtake Baby Boomers as the nation’s largest living generation. As the boomer generation moves further into traditional retirement years, evolving employee expectations are altering the benefits landscape more significantly than at any other time in recent history.

Active Management in the Current Market Environment

May 21, 2015 | Active Management

Evaluating performance of active equity managers versus market indices since the start of the current bull market (03/01/2009) or even the start of the last market downturn (11/01/2007) leads to a relatively unfavorable conclusion for active managers.

Vantage » Evaluating Valuations: An Environment of Elevated Risk for U.S. Equities

May 20, 2015 | Domestic Markets

The November 2014 article titled Three Dimensions of Risk and Returns for U.S. Equities discussed our framework for minimizing the risk of sustained capital loss, a key tenet of the investment process at Manning & Napier. The indicators that are used to analyze this risk from a top-down perspective are grouped into three families: economic, valuation, and liquidity/sentiment.

Redefining Outcomes-based Investing

May 14, 2015 | Retirement Plans

With assets continuing to flow into target date funds (TDFs) and a growing number of distinct glide path designs to choose from, it has become imperative that plan fiduciaries have an effective TDF evaluation program in place.

Active vs. Passive Management on Wisdom Wealth Radio

May 13, 2015 | Active Management

Recently, our Portfolio Strategist, Darin Leone, sat down to speak with Scott Lucas of Lucas Financial Services, to discuss active vs. passive management and where we see opportunities in the market today. Listen to their conversation on Wisdom Wealth Radio, 98.9 FM, Columbus.

May 2015 Perspective

May 07, 2015 | Market Commentary

Uncertainty surrounding global economic growth and shifting expectations regarding the direction of central bank policies, U.S. monetary policy in particular, remain key near-term drivers of financial market activity. Factors such as these increase the likelihood of volatility.

Balancing Risk Management and Tax Management

May 06, 2015 | Wealth Management

Benjamin Franklin famously said that there is nothing certain in this world except death and taxes. A common perception is that taxes are currently too high, too complex, and therefore require a high level of annual planning. Furthermore, income and realized gains...

Vantage » Country in Focus: Australia

April 30, 2015 | International Markets

Australia is a country which has been referred to in recent years by various financial media outlets as everything from a lucky country to a miracle. After all, the country has been among the very best performing developed economies over the course of the past two decades and has not experienced a recession in over 24 years.

Nick Cintineo

Nick Cintineo

Senior Investment Consultant

Should My Foundation Commit to a Multi-Year Grant?

April 28, 2015 | Investment Themes

The stock market continues to reach new highs and philanthropic giving has more than fully recovered from the fall during the credit crisis of 2008-2009. According to the Foundation Center’s “Key Facts on U.S. Foundations” report, grants from private and community foundations were estimated to have reached...

Markets & Economy » U.S. Consumer Debt: Headwinds to Achieving a Step-Up in Growth

April 24, 2015 | Market Commentary

Since exiting the 2009 recession, the U.S. economy has been humming along at a rather slow pace, averaging 2.2% real annual GDP growth over the last five years. During this time, economic data has generally trended higher, labor markets have gradually healed, and the U.S. consumer has modestly deleveraged...

April 2015 YourShare

April 23, 2015 | Market Commentary

While recent economic data has been generally solid in an absolute sense, results consistently fell short of consensus expectations during the first quarter of 2015. The image below illustrates the inclination of economic observers to extrapolate recent trends into the future.

Vantage » U.S. Labor Market Overview

April 22, 2015 | Domestic Markets

The employment situation is vastly improved from its Great Recession nadir, and the headline unemployment figure suggests the labor market is at equilibrium. For this reason, taking a detailed pulse of the condition of the United States labor market is warranted at this juncture.

First Quarter 2015 International Perspective

April 10, 2015 | International Markets

Global equity markets got off to a rocky start as 2015 opened. In a surprise move, the Swiss National Bank (SNB) removed the franc’s peg to the euro, sending the value of the Swiss currency soaring.

Webinar: Be Selective in Emerging Market Investing

April 02, 2015 | International Markets

Emerging markets are often referred to as a monolithic asset class, to be bought and sold together, with little attention paid to specific countries or industries. However, we believe that it is more important than ever to take an active approach when pursuing investment opportunities in emerging markets.

April 2015 Perspective

April 02, 2015 | Market Commentary

While recent economic data has been generally solid in an absolute sense, results consistently fell short of consensus expectations during the first quarter of 2015. Loyal readers of the Perspective will recall the nearby image. It illustrates the inclination of economic observers to extrapolate recent trends...

April 2015 Update

April 01, 2015 | Market Commentary

Depending on who you ask, you are likely to get a variety of answers as to what moved financial markets during the first quarter of 2015. One person might answer that it was oil prices; another might answer that it was...

Vantage » The Impact of QE on European Financial Markets

March 30, 2015 | International Markets

On March 9, the European Central Bank began a long-awaited Quantitative Easing program whose principal mission is to reverse the very sharp drop in measures of actual inflation as well as future inflation expectations in the Eurozone member economies.

Vantage » Country in Focus: Brazil

March 27, 2015 | Emerging Markets

Brazil is the world’s seventh-largest economy and its population of over 200 million continues to gain purchasing power. The middle class is growing, and accounts for more than half of consumers. Millions have been lifted out of poverty, but government intervention in the economy continues to cause...

Are Active Managers Doing Their Job?

March 25, 2015 | Active Management

Since the market downturn of 2008, active equity managers have come under fire. Not only did many of these managers fail to provide meaningful downside risk management relative to market indices during the credit crisis, but most have failed to keep up with their benchmarks as the markets...