Research
Research Papers
Summary Attribution
General summary of the current period performance drivers.
| Research Paper | Summary | Date |
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The US equity market declines that started in September accelerated into October as a second wave of the financial crisis spread around the world and began to impact the global economy. While investors had appeared braced for a mild recession, the impact of the additional strains on the financial system quickly led the markets to discount a more severe recession, perhaps on par with recessions of 1973/1974 and 1981/1983. |
10/31/2008 |
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The US equity market declines that started in September accelerated into October as a second wave of the financial crisis spread around the world and began to impact the global economy. While investors had appeared braced for a mild recession, the impact of the additional strains on the financial system quickly led the markets to discount a more severe recession, perhaps on par with the recessions of 1973/1974 and 1981/1983. |
10/31/2008 |
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For the third quarter of 2008, the representative Mid Cap Growth portfolio posted a negative return of 12.69%, falling considerably less than the 17.87% loss for the Russell Mid Cap Growth index. Through the end of September, the strategy’s composite year-to-date return of |
09/30/2008 |
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The US equity markets declined sharply in September as the financial and credit infrastructure came under stress yet again. Fannie-Mae and Freddie-Mac were nationalized; the ownership of two large and storied deposit institutions, Washington Mutual and Wachovia changed hands; the wheels of industry seem poised to slow; and we exited the month with the US congress considering a controversial financial aid package in the middle of a presidential election cycle. |
09/30/2008 |
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For the September quarter, the representative portfolio decline of 9.2% was less than the 12.3% decline of the Russell 1000 Growth Index. For the nine months ending September 30th, the representative portfolio was down 15.1% while the Russell 1000 Growth Index declined 20.3%. The representative portfolio advanced more than the market during the advance in 2007, and has declined less than the market during its correction in 2008. |
09/30/2008 |
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The US equity markets declined sharply in September as the financial and credit infrastructure came under stress yet again. Fannie-Mae and Freddie-Mac were nationalized; the ownership of two large and storied deposit institutions, Washington Mutual and Wachovia changed hands; the wheels of industry seem poised to slow; and we exited the month with the US congress considering a controversial financial aid package in the middle of a presidential election cycle. |
09/30/2008 |
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In August US midcap equity markets turned in a gain as investors hoped for some uptick in consumer spending as energy prices
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08/29/2008 |
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The US equity markets turned in a gain for August as investors hoped for some uptick in consumer spending as energy prices
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08/29/2008 |
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In July, Mid Cap stocks saw increased volatility as energy stocks retreated over 20%. Share prices slumped for the first half of the month and then, led by a bounce in the financials, moved higher in fits and starts, only to meet with selling pressure again on the last day of the month. |
07/31/2008 |
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July saw additional volatility in US equity markets as energy prices retreated and the financial sector continued to come under duress. |
07/31/2008 |