Research
Research Papers
Summary Attribution
General summary of the current period performance drivers.
| Research Paper | Summary | Date |
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For the fourth quarter of 2008, the representative Mid Cap Growth portfolio posted a negative return of 30.49%, falling more than the 27.36% loss for the Russell Mid Cap Growth Index. For the year, the Fund posted a return of -44.47%, compared to returns of -44.32% for the Russell Mid Cap Growth. |
12/31/2008 |
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A sprinkling of investor enthusiam in the final days of 2008 and hopes for a better year ahead led to a positive return for the US equity markets in December. Small-cap and mid-cap stocks performed better than large-cap stocks. |
12/31/2008 |
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The year 2008 will long be remembered as one of the stock market’s most challenging years given the financial crisis that spread around the world. Clearly, uncertainty about the magnitude and duration of the recession, combined with forced selling among some hedge funds led to broad declines in all sectors. |
12/31/2008 |
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A sprinkling of investor enthusiasm in the final days of 2008 and hopes for a better year ahead led to a positive return for the US equity markets in December. |
12/31/2008 |
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The US equity market continued to experience net liquidation in November. While investors had appeared braced for a mild recession, the impact of the additional strains on the financial system has led the markets to discount a more severe recession, perhaps on par with the recessions of 1973/1974 and 1981/1983. |
11/28/2008 |
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The US equity market continued to experience net liquidation in November. While investors had appeared braced for a mild recession, the impact of the additional strains on the financial system has led the markets to discount a more severe recession, perhaps on par with the recessions of 1973/1974 and 1981/1983. |
11/28/2008 |
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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 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 |
