Wespath's asset managers and others produce commentary on the state of the economy, markets, interest rates, industry segments and other topics of interest to institutional investors. These reports provide valuable insight that can help investors understand factors driving performance in the financial markets and lead to more informed decisions.
PIMCO — May 2012 Investment Outlook – PIMCO Managing Director Bill Gross writes about how the foundation of wealth is credit. He puts forward the idea that central banks are distorting markets through policies that pose a threat to credit in the future.
Posted May 3, 2012
Epoch — Investment Update First Quarter 2012 – Epoch Investment Partners CEO, Bill Priest, reviews the robust first quarter returns of global equity markets, and then describes rising sovereign debt levels as “the elephant in the room.” Priest views positive first quarter equity returns as a calm before the coming debt-fueled storm. Wespath utilizes Epoch to manage large cap value stocks in the U.S. Equity Fund.
Posted April 26, 2012
PIMCO — April 2012 Investment Outlook – PIMCO Managing Director Bill Gross explains the impact of deleveraging in the current world economy and suggests what investment strategies may deliver better performance.
Posted March 29, 2012
Adams Street Partners — Environmental, Social and Governance Considerations as Part of the Investment Process – Sara Robinson, Partner and Senior Compliance Officer with Adams Street Partners, describes how the United Nations Principles for Responsible Investment (UNPRI) has gained considerable attention in the private equity industry. She notes that UNPRI increased its private equity signatories from two in 2008 to more than 100 in 2011. Adams Street Partners became a UNPRI signatory in October 2010, and Wespath utilizes them to manage a private equity fund-of-funds (manager-of-managers) in its U.S. Equity Fund (USEF).
Posted March 27, 2012
BNY Mellon — A Peek Behind the Curtain: Demystifying the Fed – John Hosa, Jr., VP and Portfolio Manager at BNY Mellon Cash Investment Strategies, discusses new transparency around the Federal Reserve's Federal Open Market Committee (FOMC) rate discussions. He explains how the "Taylor Rule" might provide insight on the direction of future interest rate movements.
Posted March 26, 2012
Oaktree — Déjà Vu All Over Again – Howard Marks, Chairman of Oaktree Capital Management, explains that even as we look to the future, we should be mindful of the past and the lessons it has taught us.
Posted March 21, 2012
PIMCO — March 2012 Investment Outlook – PIMCO Managing Director Bill Gross compares the low interest rate environment to football, and advocates taking the defensive side.
Posted March 12, 2012
J.P. Morgan — Update to Twelve in 2012: What Politics Could Mean for Markets in the Year Ahead – Rebecca Patterson, Chief Markets Strategist with J.P. Morgan Asset Management, updates the November 2011 research note titled “Twelve in 2012: What Politics Could Mean for Markets in the Year Ahead.” The article reviews several significant political events (including some surprises), lists important political events still to come in 2012 and considers how they may impact key financial markets.
Posted February 9, 2012
RREEF — U.S. and Canada Economic Map, December 2011 – RREEF Real Estate provides an economic overview of key geographical regions in this map of the United States and Canada. Wespath utilizes RREEF to manage real estate investment trust (REIT) portfolios in the U.S. Equity Fund and in the International Equity Fund.
Posted January 12, 2012