Ideas

September 13th, 2018

Glenmede appointments Robert Daly as Director of Fixed Income. In this role, Daly will report to Peter Zuleba and oversee over $4 billion of tax-exempt and taxable fixed-income strategies. Daly will manage a team of traders, portfolio managers, credit analysts and other professionals.

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July 26th, 2018

This year, we’ve experienced higher index return concentration than what we categorized as normal in our analysis from Q3 2017. For example, the top five securities in the S&P 500 contributed 50% of the index’s +3.4% quarterly return and over 80% of its +2.7% year-to-date return.

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April 20th, 2018

Global equity returns in first quarter 2018 reflected cautious sentiment relative to 2016 and 2017 during which the MSCI All-Country World Index generated a total return close to 32%. Fear that the economy is reaching the latter stages of expansion has drawn attention to metrics perceived to predict future economic trajectory. One such metric generating interest is the LIBOR-OIS spread, which has historically been used as a proxy for risk.

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January 22nd, 2018

While 2017 was a strong year for global risk assets, it also marked a continuing transformation in the mindset of investors. As markets have evolved, so has the interest in impact investing, also known as ESG (environmental, social and governance) investing. This investment discipline emphasizes factors to help select environmentally friendly and socially aware companies that also exhibit solid governance policies.

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December 14th, 2017

Samantha Lowry will focus on delivering GIM’s investment capabilities to a broad institutional audience, including U.S. and global institutional consultants.

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December 7th, 2017

Glenmede Investment Management LP (GIM) announced the appointment of Jordan Irving as a portfolio manager on its Small & Mid Cap Equity team.

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October 18th, 2017

The third quarter of each year is often typecast as a challenging stretch for markets and is historically the weakest quarter of the year. While the escalating rhetoric between the U.S. and North Korea and natural disasters certainly had the opportunity to derail risk assets globally, realized returns reflected another stable quarter with solid growth.

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July 18th, 2017

Relative to the positive asset class returns across the board at the start of the year, the continuing upward market trajectory in the second quarter may be perceived as “more of the same.” Underneath the surface, however, the second quarter served as a reality check for investors.

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May 22nd, 2017

Footage of Sean Heron, CFA, GIM Portfolio Manager, discussing the volatility risk premium at the CFA Institute’s 70th Annual Conference.

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April 17th, 2017

The start of 2017 was a stark but welcomed contrast to the prior year. In January 2016, U.S. markets experienced one of their worst starts in history ― hampered by concerns of slowing global growth, bottoming oil prices, and an impending election season. This January, these worries seemed far from investors’ minds. Domestic and international markets took economic and political news in stride, shrugging off uncertainty as most regions, asset classes, and sectors generated positive returns for the quarter.

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January 23rd, 2017

As we begin 2017, we pause to reflect on what transpired in the market over the last quarter and year. Among concerns of an economic slowdown in China, the U.K.’s vote to leave the E.U., the U.S. presidential election, and speculation of global monetary policy action, uncertainty and headline risk were the dominant themes in 2016. However, fourth-quarter and year-to-date returns seem to suggest market normalcy, with the S&P 500 up 3.8% for the quarter and 12.0% for the year.

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October 18th, 2016

At the end of the second quarter, uncertainty seemed certain as economists and analysts scrambled to assess the impact of the U.K.’s impending exit from the E.U. The initial knee-jerk reaction caused the S&P 500 Index to drop 5.3% in the two days following the Brexit vote. Surprisingly, however, the third quarter was marked by relative stability, despite mixed economic data: U.S. PMI estimates missed in both the manufacturing and service sectors, corporate profits were reported to have declined $24B during the second quarter, and real GDP growth estimates were lower than expected.

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