Five-year gilt yields go negative for the first time in dash for safety

For the first time, the British government was able to raise new money in the gilt market paying a negative interest rate. Further, there is talk of an expansion of quantitative easing program to stimulate the economy and encourage banks to lend. In the article in The Times, LACM CIO Hal Reynolds, weighs in stating “there is no empirical evidence that negative rates are helpful for growth”.

Central Banks, Inflation and Economic Normalisation Post Covid-19

In a livestream entitled Central Banks, Inflation and Economic Normalisation Post Covid-19, CIO Hal Reynolds, provides his outlook on the market and shares themes that he thinks will shape the market in the months ahead. Click here to listen to the May 14, 2020 livestream.

Emerging Market Equities: Quant Strategies Closing the Gap

Co-Director of Research, Brad Rowe provides insight into how improvements in the quality and coverage of data has allowed quant managers to catch up to fundamental managers in data on the emerging markets. Click here to read Closing the Gap.

Factor Investing: Keeping a Distance from Single Factors

CIO Hal Reynolds comments on the impact that the shift in the macro environment has had on expected returns, as well as the success of momentum and low volatility strategies over the last decade. Click to access Keeping a Distance from Single Factors.

Los Angeles Capital Joins Climate Action 100+ Initiative

“Los Angeles Capital has joined Climate 100+ in an effort to help strengthen the disclosure of climate-related financial information, as well as to encourage companies to improve the governance of this issue,” says Hal Reynolds, CIO and founding partner of Los Angeles Capital. Click here to read the press release featured in Institutional Asset Manager.

When the Big Get Bigger, Active Stockpickers Feel Even More Pain

The divergence in performance between small and large cap companies is discussed in ‘When the Big Get Bigger, Active Stockpickers Feel Even More Pain’, where Co-Director of Research Ed Rackham comments on recent factor efficacy in larger companies. Click here to access the article: When the Big Get Bigger.

Ahead of the Curve: The Mega-Cap Conundrum

Co-Director of Research Ed Rackham discusses the challenges quants faced in 2019 and the role that mega-cap stocks played. Click here to access the article Ahead of The Curve.

Value Stocks Post Best Run

As stocks begin to show signs of recovering, and investors start to look beyond the short term, CIO Hal Reynolds discusses the firm’s defensive tilt position in “Value Stocks Post Best Run This Century After Fire Sale Ends”. Click here to access the article Value Stocks Post Best Run.

The proof of the Brexit pudding is in the eating

In 'The proof of the Brexit pudding is in the eating', CIO Hal Reynolds discusses the underperformance of UK stocks, as well as the likely catalyst needed in order for UK risk assets to outperform. You can access the full article here: The proof of the Brexit pudding is in the eating.

Important Disclosures

Links to articles are for general information purposes only and do not constitute an offer to sell, or a solicitation of an offer to buy, any security. Past performance is no guarantee of future results and diversification does not guarantee investment returns or eliminate the risk of loss. Moreover, wherever there is the potential for profit there is also the possibility of loss. Before embarking on any investment program, an investor should carefully consider the risks and suitability of a strategy based on their own investment objectives and financial position. Any opinions expressed in an article are current only as of the time made and are subject to change without notice. The information contained in an article may include estimates, projections and other “forward –looking statements.” Due to numerous factors, actual events may differ substantially from those presented.

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