Strategic Investment Group

Thank you CFA Society Washington, DC, CAIA Association, and Markets Group for hosting #ALTSDC2024. Nathalie Cunningham, CFA, CAIA, Managing Director, Client Portfolio Management, was honored to join Michael Sinoway, Robert Mileff, CAIA Giuseppe Pietrantonio, CFA, MBA, and Kristina Koutrakos for an excellent panel discussion on the evolving landscape of absolute return strategies and liquid alternatives. #alts #investmentmanagement

Jeff Nasser was honored to participate in the #ALTSDC2024 event hosted by the CFA Society Washington, DC, CAIA Association, and Markets Group. Thank you to fellow panelists Zach Ruchman, Ryan Dotson, CFA, Patrick Kim, and Amanda Wirth, CAIA for a fantastic discussion about the evolving landscape of emerging and specialized managers in private markets.

#MonthlyMarketReview - An excerpt from our September Monthly Market Review: The Fed’s 50-basis point rate cut, and a broad-ranging stimulus package announced by China helped send global equity markets higher in September, extending already strong gains. The S&P 500 index closed the month at a record high, buoyed by solid corporate earnings, resilient economic growth, easing price pressures, and expectations for more Fed cuts to come. Chinese equities, which had been lagging other markets, spiked 23% in September, making China the best performing equity market so far this year. Moderating inflation supported advances across sovereign bond markets. The U.S. Treasury yield curve is no longer inverted between 2- and 10-year maturities but remains inverted at the short end. Credit markets benefited from the falling yield environment, but lagged sovereigns. Oil prices plunged in September, despite an increasingly volatile Middle East. Gold prices jumped 10% to another record high. The U.S. dollar index fell. Stay tuned for more insights and analysis as we navigate the dynamic global markets!  You can find our latest Monthly Market Review and other commentary on our website: https://lnkd.in/exKHUX2k #MonthlyMarketReview #InvestmentManagement #OCIO #StrategicInvestmentGroup

#MonthlyMarketReview - An excerpt from our August Monthly Market Review: Global equity markets plunged, and currency market volatility spiked in early August following a short-lived bout of deleveraging that included the partial unwinding of the iconic yen carry trade (see Special Topic). Equity markets soon rallied, however, more than recouping their early losses to close the month with solid gains. The outlook for monetary policy helped buoy sentiment. Powell’s Jackson Hole speech was, by the normally understated pronouncements of central bankers, virtually triumphant, raising expectations that inflation was set to continue to decline and interest rates to fall. The prospect of easing prices and policies underpinned a rally in the bond markets. U.S. bond prices rose across the maturity and credit spectrums. With optimism growing that the ECB would also cut rates in September, non-U.S. fixed income markets rose. The yen index surged in August. Gold reached an all-time high. The dollar fell against most major currencies. Oil prices slid 5.6%. Stay tuned for more insights and analysis as we navigate the dynamic global markets!  You can find our latest Monthly Market Review and other commentary on our website: https://lnkd.in/exKHUX2k #MonthlyMarketReview #InvestmentManagement #OCIO #StrategicInvestmentGroup

#QuarterlyInvestmentReport - An excerpt from our Q2-2024 Quarterly Investment Report: Concentrated, overvalued, and AI-obsessed, the U.S. equity market extended its gains in the second quarter. NVIDIA, the chief object of the market’s obsession, roared further ahead, briefly capturing the crown of most highly capitalized U.S. company. The Bank of Canada and the ECB cut their policy rates by 25 basis points in June, becoming the first G-7 central banks to do so. Advanced economy non-U.S. equity markets lost ground in the second quarter weighed down by a fall in the Japanese market and the lackluster performance of European bourses. A rally in Chinese equities sent emerging markets higher. U.S. Treasury yields rose marginally in the quarter, but expectations for a September Fed rate cut are firmly entrenched. Together with rising equity prices, narrowing credit spreads have eased financial conditions so far this year, mitigating the lagged effect of Fed rate hikes and contributing to steady economic growth as inflation moderates. Stay tuned for more insights and analysis as we navigate the dynamic global markets!  You can find our latest Quarterly Investment Report and other commentary on our website: https://lnkd.in/exKHUX2k #QuarterlyInvestmentReport #InvestmentManagement #OCIO #StrategicInvestmentGroup

#MonthlyMarketReview - An excerpt from our July Monthly Market Review: Moderating inflation and the prospect of less restrictive central bank policies sent global equity markets higher in July. In the U.S., the rally by small cap and value stocks was especially striking. Global bond markets also rose across the credit spectrum, with longer maturity bonds enjoying the largest gains. The Bank of England reduced its policy rate on August 1, joining Bank of Canada and the ECB in adopting a less restrictive monetary stance. The FOMC, for its part, took the opportunity of its July meeting to all but commit to a September rate cut. The Bank of Japan, in contrast, raised its policy rate to 25 basis points and announced a slower pace of asset purchases. Hopes that a decades-long deflation was finally over and a desire to end the steep slide of the yen spurred the BoJ to action. The yen responded favorably, gaining nearly 7% against the dollar. Reduced demand from a slowing Chinese economy sent oil and other commodity prices lower. The drop in copper prices was especially steep. Stay tuned for more insights and analysis as we navigate the dynamic global markets!  You can find our latest Monthly Market Review and other commentary on our website: https://lnkd.in/exKHUX2k #MonthlyMarketReview #InvestmentManagement #OCIO #StrategicInvestmentGroup

📢 Strategic Investment Group (Strategic), a leader in the Outsourced Chief Investment Officer (OCIO) sector, is pleased to announce the appointment of Nikki Kraus, CFA, a stalwart in the OCIO industry with over 30 years of experience, as Chief Executive Officer. Christopher Lvoff, recognized for his deep asset knowledge and investment experience, has been named as President and will continue to serve as Co-Chief Investment Officer. Strategic is proud of its status as a pioneering dedicated OCIO that was female founded and continues to be female led. #ocio #outsourcedcio #investmentmanagement #leadership #boardgovernance #strategicinvestmentgroup #team #yourciooffice

📢 Webinar replay of Strategic’s 2024 Midyear Check-In on Markets and Outlook is now available! 📢 In this webinar, members of Strategic’s Office of the OCIO and Senior Investment Team, Nathalie Cunningham, CFA, CAIA, Markus Krygier, Christopher Lvoff, and Jeff Nasser, delve into potential forward-looking return drivers, including valuations across markets. #StrategicInvestmentGroup #OCIO #MarketOutlook #InvestmentInsights 🔗 Watch the webinar replay and gain valuable insights: https://lnkd.in/eHBukx4f

#MonthlyMarketReview - An excerpt from our June Monthly Market Review: Concentrated, overvalued, and AI-obsessed, the U.S. equity market extended its gains in June. NVIDIA, the chief object of the market’s obsession, roared further ahead, briefly capturing the crown of most highly capitalized U.S. company. In addition to the AI frenzy, U.S. equities were supported by declining U.S. bond yields. The Bank of Canada cut its policy rate by 25 basis points in June, becoming the first G-7 central bank to do so. The ECB soon followed, also cutting its policy rate by 25 basis points. Nevertheless, European equity markets fell after the call for a snap election in France. Emerging equities rose despite declines in the Chinese market as well as in Latin American bourses. Yields across the credit spectrum declined in June. Together with rising equity prices, falling yields and spreads have eased financial conditions, dampening the impact of the Fed’s tight policy stance. Oil prices rose strongly in June. The U.S. dollar’s gain was more muted. Stay tuned for more insights and analysis as we navigate the dynamic global markets!  You can find our latest Monthly Market Review and other commentary on our website: https://lnkd.in/exKHUX2k #MonthlyMarketReview #InvestmentManagement #OCIO #StrategicInvestmentGroup

#QuarterlyInvestmentBrief - An excerpt from our First Quarter Investment Brief: The Japanese economy and financial markets experienced three major milestones in the first quarter. After more than three decades, the Japanese equity market finally recouped the peak level it attained in 1989, when a massive equity and real estate bubble burst. Second, the Bank of Japan (BoJ) signaled victory in its decades-long fight against deflation with an increase in its policy rate and other steps to tighten liquidity conditions. Finally, the yen reached a 34-year low against the U.S. dollar, notwithstanding the BoJ’s policy shift. In this Special Topic, we discuss these milestones and assess the prospects for Japanese equities. Stay tuned for more insights and analysis as we navigate the dynamic global markets! You can find our latest Quarterly Investment Brief and other commentary on our website: https://lnkd.in/eydRTcCQ #QuarterlyInvestmentBrief #InvestmentManagement #OCIO #StrategicInvestmentGroup