iM Global Partner

Don't miss our Frankfurt Best of Boutiques events on Wednesday September 18. German investors will be able to meet our talented and experienced Partners such as Pierre Philippon, from European-equities manager Zadig Asset Management. Zadig has run European concentrated strategies, with a blend and opportunistic approach to equity investing based on independent research, since 2005. Also speaking will be Mathias Mamou-Mani, co-founder and co-portfolio manager of DBi, an innovative liquid alternatives asset specialist and manager of the largest managed futures ETF in the world. Finally, our own Greg Clerkson, Director of Global Asset Management will discuss asset allocation. They will provide an inside view of the teams behind our Partners' long-term performance, the story of how they came to be, and what makes them different from other active managers. Contact Roland Schmidt, Director - Distribution (Germany & Austria) for more information. Read an article about the event in eFundResearch here: https://lnkd.in/e5aZ-RaC

Speaking in Portfolio Adviser, Stan C. Moss, CEO of our Partner Polen Capital explained why it's important that investors don't just focus on beating the market index. “The number one area people focus on is whether you’re beating the benchmark and whether you are producing excess returns. But we like to think about returns from an absolute perspective, over longer periods of time. “Our equity products across the board are striving to deliver mid-teen returns for investors over long periods of time – typically a five-to-seven-year period. This means we can double the monetary value of a client’s portfolio in five-to-six years. “So, we have an absolute return, long-term way of thinking – it is very similar on the credit side.” Read the full article here: https://lnkd.in/erwraxUb

"Things move slowly in the markets until they move fast," points out Greg Clerkson in the July Performance Update video for our DBi Managed Futures strategy. Greg was joined by co-portfolio manager of the strategy and co-founder of our Partner DBi, Andrew Beer, who explained the strategy's positioning and short- and long-term performance. Despite being down due to volatility in July, the strategy was still up 14.2% YTD, which Andrew says is the result of avoiding whipsaws in the market. Click here and scroll down to watch the full Performance Update Video: https://lnkd.in/eC7qQvUK #UCITS #Alternatives #HedgeFunds #CTAs #MarketingCommunication Past performance does not predict future returns. The fund’s legal documentation and summary of investors’ rights are available, in English, here: www.imgp.com. Any investment involves some degree of risk.

Several of our team in London recently attended an event with the The Hebe Foundation as part of their 2024 Olympics. The Hebe Foundation focuses on building young people’s key life skills, employability skills and ethical values through quality projects across London. As one of the charities that we assist through our iMGP Donations Fund, for the third year running, we have supported their summer program by hosting an event similar to the ‘Dragon’s Den’ UK business TV program. As part of a broader event this year called ‘The Hebe Olympics’, nine young people came to our London office to present their original initiatives to members of our iMGP team who formed the panel of ‘Dragons’. This year’s topic was centered around community in a business context and the young people were set the task of creating a business plan to invest into their community to bring about ‘community togetherness’. Once again, the young people who joined this year’s event produced fantastic ideas and some food for thought. Thank you to Amie Buhari and The Hebe Foundation for involving us in this initiative, as well as the London team who volunteered their time to support it: Krisztian Kmett, Berti Munro, Isabelle Lee, Farrell J., Jackie Mills and Jaymie Clark. Learn about the work of The Hebe Foundation here: https://lnkd.in/eriMTs8g

This year our Partners were placed front and centre at our Best of Boutiques events held all across Europe. Events were held in Stockholm, Geneva, Zurich, Paris, Madrid and London. As the video below from our Paris event shows, these events are always at exceptional venues (in this case Ritz Paris) reflecting the culture of excellence which iM Global Partner prides itself on. But the year isn't over yet and coming up over the next few months we will be hosting more Best of Boutique events in Frankfurt, Milan and Miami. Contact your local distribution person for more information: * In Frankfurt - Roland Schmidt * In Milan - Francesca Campanelli * In Miami - Jeffrey Seeley or Luis E Solórzano Learn more about our Partners here: https://lnkd.in/embNnZU

As we approach the US 2024 presidential election, market predictions and political discourse are bound to take center stage. However, our Partner, Richard Bernstein Advisors, reminds us in their "Charts for the Beach" article that history has shown time and again that market performance is more resilient than we often think. Over the past 50 years, the S&P 500 has delivered strong returns regardless of who occupies the White House. Whether it was Jimmy Carter’s term, which saw a 12% annualized return, or Bush Sr.'s with 14.6%, and both Obama and Trump’s notable 16.3% – the market has consistently found ways to thrive. In fact, seven of the last eight presidential terms have recorded annualized returns exceeding 10%. The takeaway for investors as we approach another election cycle is clear: don’t let short-term political noise derail your long-term investment strategy. Time and again, it's been the broader economic fundamentals, not the headlines, that have driven market performance. The unpredictable nature of sector performance under different administrations further emphasizes this point—for example, Energy was the top-performing sector under Joe Biden. As we look ahead to 2024, let’s remember that while elections may stir the pot, underlying trends like deglobalization and technological innovation will truly shape the future of the markets. For those seeking deeper insights into the implications these trends can have, RBA’s article is essential reading: https://lnkd.in/e6HG-VgX #AssetManagement #InvestmentManagement #Strategy #Markets #PeoplePerformance

Speaking on Bloomberg's Daybreak Asia, Eric Lynch from our Partner Scharf Investments, LLC explained why investors have been reversing out of Big Tech over the summer. Eric said that a number of the Magnificent Seven stocks have disappointed when reporting earnings recently making investors nervous about AI returns. Meanwhile, other sectors of the market trading on much lower valuations have finally gained ground. "In July everything outperformed tech, it's been more nuanced in August. Investors are saying 'what if we don't get a soft landing' and are looking at some of the laggards and putting their bets there" said Eric. Click here to listen to the full podcast, Eric's interview is at about 19:49: https://lnkd.in/eqyqxr2x

Today’s fixed income investors are faced with two dilemmas, according to a report by Michael Contopoulos from our Partner Richard Bernstein Advisors. Because corporate profit growth has been so strong, fixed rate corporate bond spreads are historically tight, which creates little opportunity from an overweight allocation. Secondly, interest rates may be rangebound due to (1) unclear economic growth, (2) a potential Fed cutting cycle and (3) structurally sticky inflation. (see chart below). According to RBA, in today's market, emphasizing selection within fixed income is necessary to capture alpha. Fixed income portfolios need to be nimble and creative to weather what could be a tricky second half of 2024. Read the full report here: https://lnkd.in/eC7xpBeR

At iM Global Partner we believe that quality tends to prevail over the long term and this is particularly true for our Partner Polen Capital. The chart below shows the performance of Polen's Focus Growth strategy which seeks to achieve long-term growth of capital by investing in quality companies that are competitively advantaged and deliver above-average earnings growth. Given the strategy’s quality growth bias, it has historically outperformed when investors were seeking quality assets, such as the period immediately following the bursting of the Dot-com bubble at the turn of the century. Conversely, it has historically underperformed when cyclical, lower-quality assets rallied, such as during the years immediately prior to the 2008 Global Financial Crisis, and in 2013’s cyclical rally. Polen Focus Growth has outperformed the Russell 1000 Growth Index by close to 3% on an annualized basis since inception, showing that quality prevails over the long term. Past performance does not predict future returns.

If you're curious about how AI could influence investment markets, don't miss this piece. Another insightful article from our Partner Polen Capital about the current dynamics in Artificial Intelligence versus SAAS (software as a service) companies. Read the full article here: https://lnkd.in/emXN-qc4