A disciplined focus on the macroeconomic drivers of performance
Rarely does the same sector remain in favor year after year.
Through a disciplined analysis of 200+ global and domestic indicators, we form a macroeconomic outlook on which sectors, regions, and securities are most likely to outperform. Ultimately, we make allocation decisions based on the data, regardless of short-term market sentiment. This is where wisdom grounded in data makes a difference.
Data drives high conviction
Successfully navigating market trends, risks and cycles takes wisdom and discipline. Our process employs exhaustive research and analysis to screen out noise, avoid biases, and focus on the most important information. Our approach is differentiated by methodical analysis to discern what data matters most and when – knowledge which supports high-conviction decisions.
Learn moreActive strategies based on macroeconomic analysis and conviction
DOMESTIC Strategy
U.S. Sector
Employs high-conviction sector allocation and avoidance driven by macroeconomic analysis.
Global Strategy
Global Equity
Employs active allocation across global equity markets in pursuit of long-term capital appreciation.
DOMESTIC Strategy
U.S. Balanced
Blends U.S. equity growth potential with U.S. fixed income for stability.
Global Strategy
Global Balanced
Blends global equity growth potential with U.S. fixed income for stability.
Global Strategy
Global Conservative
Emphasizes capital preservation through an active fixed-income allocation with growth potential from global equities.
Multi-Asset
Multi-Asset
An active, multi-asset solution for investors seeking capital appreciation with risk mitigation from asset class diversification.
DOMESTIC Strategy
Large-Cap Core Equity
Combines high-conviction sector allocation and avoidance with active stock selection.
Commentary | Q2 2025
A Path Forward in an Uncertain World
While uncertainty surged and then partially subsided in Q2, markets rebounded despite slowing economic trends. We see potential for continuation of late-cycle growth that brings opportunities and challenges. We are selectively positioning portfolios to capture potential excess returns and manage risks in this macro environment.
Our unique market and macroeconomic insights
Commentaries
Highlights | Q3 2025
Seeking opportunities and managing risk amid economic noise and lingering uncertainty
Macroeconomic highlights – Q3 2025
Key trends impacting our investment decisions
Macroeconomic Highlights
Research | Q1 2023
A look at GICS® sector revisions in 2023
An overview of March 2023 revisions to the GICS® sector/industry definitions and their potential implications for sector-based investing.
An in-depth look at select macroeconomic and market-related topics
ResearchOur team
Our greatest resource is our people and the focused wisdom and deep experience they bring to their work. Since 2004, we have grown to 29 employees.