Perspectives Blog

Garbage in, less garbage out

Paul DiGiacomo, Senior Analyst | May 9, 2013

Americans are generating more waste than ever, but a greater proportion is being recycled. Recycling business is profitable, but sales depend on commodity prices and revenue is less predictable. Traditional landfill waste companies may see slower growth as recycling continues to expand. Oh, I love trash! Anything dirty or dingy or dusty Anything ragged or rotten or rusty Yes, I love trash! Oscar the Grouch’s signature song underscores our unpa…

The case for active muni management

Kimberly Campbell, Senior Portfolio Manager | April 21, 2014

Muni bonds represent an attractive investment opportunity Active management is a value add in these volatile markets Professional money managers can help investors navigate an ever-changing environment Where does one invest in a world of uncertainty? Rising taxes, volatile markets, low yields, economic stagnation, geopolitical unrest. We live in a world of great uncertainty — yet our investment goals remain the same: a comfortable retirement,…

VIDEO — The case for active portfolio management

Colin Moore, AIIMR, Global Chief Investment Officer | September 23, 2013

A change in focus from Federal policy to economic and corporate earnings growth should be better for active portfolio management. When the market is focused on broad topics like risk and Fed policy, the tide tends to lift or sink all boats. A greater focus on economic growth and earnings should lead to significantly more differentiation between securities. See more from Colin Moore: U.S. economic outlook See more Market Insights from Columbi…

Digital dining: How restaurants are applying technology to drive sales

Daniel Spelman, Equity Analyst | February 24, 2014

…to reorder favorite items in just five clicks or 30 seconds. Gone are the days of waiting to get through to someone on the phone or having an order misunderstood due to a bad connection. Because orders are more accurate, food waste is dramatically reduced. The large national brands are using digital as a competitive advantage to enhance convenience and drive frequency, since regional chains and independents cannot keep up technologically. In fact…

Beware of earnings gimmicks

Jason Wang, Senior Quant Analyst | March 10, 2014

…g most of the rally. Expectations are high and everyday investors and Wall Street analysts alike have adopted a “show me” attitude. The consequence for a disappointing report could be severe. To appease Wall Street, corporate managements are pressured to do everything in their power to deliver strong earnings numbers. There are a wide range of possible accounting gimmicks that could be deployed. Some examples are premature recognition of revenue,…

Understanding the power of alpha

Matt Scales, CFA, Head of Product Development and Strategy | January 27, 2014

…ely on markets going up to make money is not easy, but it is worth the effort The term “alpha” (which until recently was relatively unknown) has become part of the mainstream investment lexicon. Alpha is the result of active management and is intended to generate positive returns above a benchmark that is not structurally tied to the direction of markets. Alpha can exist on its own, but it is more often packaged with the return of a particular m…