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Library » The Importance of Selectivity in Today’s Environment

October 26, 2015 | Active Management

Active management is about choice. Every day our goal is to carefully select investments on behalf of our clients in the context of their investment objective. We believe an active approach to financial markets is appropriate in all types of market environments, but it is especially critical today. …

Library » Managing Credit and Interest Rate Risk in the Current Market Environment

June 08, 2015 | Active Management

Introduction Credit risk can be broadly defined as the risk of default and/or widening of credit spreads. In general, investors expect to be compensated with higher yields when purchasing bonds with a higher degree of credit risk. One of the more common methods of gaining exposure to credit risk …

Library » Does Indexing Meet Investor Objectives?

June 04, 2015 | Active Management

As investment performance data gets released at the end of each calendar quarter, the financial press is inevitably filled with stories comparing the performance of active managers versus market indices. Framing this type of data in terms of the battle of active versus passive certainly makes …

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 ‘active …

Library » Active Management in the Current Market Environment

May 21, 2015 | Active Management

The Current Market Environment 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. As Table 1 …

Library » 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.

Library » Are Active Managers Doing Their Job?

March 25, 2015 | Active Management

Introduction 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 …

Library » Modern Portfolio Theory: Expectation vs. Reality

November 26, 2014 | Active Management

MPT Background Academic studies have shown that the asset allocation decision accounts for a meaningful portion of long-term portfolio returns1. As such, the asset allocation decision remains the central element of portfolio construction in the investment industry today. While there are numerous …

Library » Basics of Corporate Pension Plan Funding

September 17, 2014 | Active Management

Introduction In general, a pension plan is a promise from a Plan Sponsor (often the employer) to participants (employees) of benefits to be paid during retirement. Pension plans are often used to attract and/or retain employees. Additionally, many plans are implemented or maintained for the tax …


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