There remains much uncertainty regarding the depth, breadth and length of the COVID-19 recession. For example, the Global Economic Policy Uncertainty Index (compiled by academics from Stanford, Chicago, and Northwestern) stands at a record high and almost twice its level during the global financial crisis (GFC). Bill Priest, CFA, Executive Chairman, co-CIO and portfolio manager […]
continue readingBill Priest, CEO, co-CIO and portfolio manager of Epoch Investment Partners (Epoch) recently visited Australia to share Epoch’s world view with financial advisers and in particular, the potential impact of Cold War 2.0 on investment markets. In this article, GSFM shares Bill’s insights, gleaned from an investment career spanning more than 45 years, and discusses […]
continue reading
05
Dec
2019
The current hype about two-sided digital platforms, blitzscaling and winner-takes-most markets has fuelled a surge in IPO listings. It is perhaps unsurprising that this exuberance, especially when combined with inordinate liquidity, record levels of VC activity and multiple fundraising rounds, has often produced stratospheric valuations that are difficult to reconcile with free-cash-flow (FCF) fundamentals. As […]
continue reading
30
Sep
2019
While the US is ‘back from the brink’ and markets have returned to positive territory in 2019, this cycle is well into its late innings. As discussed in this article from GSFM’s investment partner, Epoch Investment Partners, written by CEO and co-CIO Bill Priest, there are three reasons to maintain a cautious investment stance. The […]
continue reading
01
Jul
2019
China 2025 is perceived as an existential threat to US commercial and technological leadership. This raises the risk that the Trump administration could conclude that its best response is to decouple much of the US supply chain from China. As discussed in this paper from Epoch Investment Partners, penned by CEO and co-CIO Bill Priest […]
continue reading
30
Jan
2019
In a recent series of presentations to advisers in Australia, industry veteran Epoch’s CEO and co-CIO Bill Priest, discussed the new world order, in which bits replace atoms, tech is the new macro and companies need to evolve to stay relevant. Global businesses have arguably entered a period of unprecedented innovation and disruption, one where […]
continue reading
23
Oct
2018
Following the US election, Epoch Investment Partners (Epoch) hosted a webinar to discuss the implications of the US presidential election result. It was hosted by Bill Priest, co-CIO and CEO, and Kevin Hebner, Managing Director of Global Portfolio Management. Their views are outlined in the following article. New York-based Epoch manages the Grant Samuel Epoch […]
continue reading
16
Nov
2016
There are so many ways companies, sectors and economies can be viewed: many investors study traditional accounting metrics such as price/earnings (P/E) and price/book value (P/BV) ratios of companies and sector. Economic data is put under the microscope. On the other hand, Epoch Investment Partners (Epoch), manager of the Grant Samuel Epoch Global Equity Shareholder […]
continue reading
24
Oct
2016
Speaking from New York by video link at the PortfolioConstructionForum Conference in Sydney yesterday, Mr Bill Priest, CEO of Epoch Investment Partners said that active managers who focus on the short term negate the longer-term advantages of active asset management. “While active managers may be under pressure from passive and low cost approaches, they must […]
continue reading
25
Aug
2016
Bill Priest, CEO and co-CIO at New York-based Epoch Investment Partners, manager of the Grant Samuel Epoch Global Equity Shareholder Yield Funds, provides an update with two subjects — Epoch’s capital markets outlook and their view of the implications of Brexit; the latter is inextricably tied to the former. We analyse the potential impact of […]
continue reading
18
Jul
2016
Earn CPD Points
CPD: Ethics and investmentsMost clients cannot meet their financial objectives without the design and implementation of an investment strategy. Judging by complaint categories, ...
CPD: Factor investing - an introductionIntroduction Any list of the hottest topics in investment management circles over the last few years is almost certain to ...
CPD: Economic freeze sends US oil price sub-zeroWhile reviewing the overnight market on the 21st of April 2020, no doubt we were not alone in taking a ...
CPD: Fed to go negative? Any idea can seem ‘crazy’ until it becomes factThe market is becoming focused on whether the Federal Reserve (Fed) will take rates negative. Admittedly, Powell has thrown a ...
CPD: Ethics and your referral partnersMost financial advice practices have referral partners they send business to, or receive business from. You may also use any ...
0 comments