Insights

For additional information, please contact us.

Quarterly Letter

Exclusive

The Altrinsic Global Equity portfolio gained 7.2% during the third quarter, outperforming gains of 4.9% and 5.3% for the MSCI World and ACWI indices, respectively, as measured in U.S.

Quarterly Letter

Exclusive

The Altrinsic International Equity Portfolio gained 7.7% during the third quarter, outperforming gains of 6.4% and 6.9% for the MSCI EAFE and ACWI ex-US indices, respectively, as measured in U.S. dollars.  Stock-specific factors were the primary drivers of outperformance, led by positions in the technology, energy, telecommunications, consumer staples, and industrial sectors.

Quarterly Letter

Exclusive

The Altrinsic Global Equity portfolio gained 2.7% during the second quarter.  By comparison, both the MSCI World and ACWI indices increased 1.0% as measured in U.S. dollars.  Stock-specific factors were the primary sources of outperformance amidst an eventful macro backdrop.  During the quarter, British citizens voted to leave the European Union, concerns about the European banking system intensified, Middle East unrest spread to distant lands, and the yields on U.S.

Quarterly Letter

Exclusive

The Altrinsic International Equity Portfolio gained 3.1% during the second quarter. By comparison, the MSCI EAFE declined 1.5% and the MSCI ACWI ex-U.S. Index was down 0.6% as measured in U.S. dollars. Stock-specific factors were the primary sources of outperformance amidst an eventful macro backdrop. During the quarter, British citizens voted to leave the European Union, concerns about the European banking system intensified, Middle East unrest spread to distant lands, and the yields on U.S. Treasuries fell near their lowest level ever.

Research

Exclusive

'Imagine being a table to re-writ the genetic kode of any organism including tumans.'  This sentence obviously makes no sense. Now imagine these spelling mistakes occurred in your genetic code (genome). Your genome is made up of a four letter alphabet, consists of three billion letters and resides in every one of the cells in your body. It defines who you are. To put this in perspective, the Complete Works of William Shakespeare is based on a 26 letter alphabet and has about six million letters.

Quarterly Letter

Exclusive

A transition appears to be underway.  Global equity markets have delivered above-normal returns during the last seven years with low volatility and few lasting setbacks, but we may have entered a new environment characterized by more normal returns albeit with much greater volatility.  The first quarter was reflective of this increase in volatility, as a 12% rally in the MSCI World Index during the second half of the quarter tempered anxieties that emerged during the 13% dip in the first half, as measured in local currency terms.

Quarterly Letter

Exclusive

A transition appears to be underway.  International equity markets have delivered above-normal returns during the last seven years with low volatility and few lasting setbacks, but we may have entered a new environment characterized by more normal returns albeit with much greater volatility.  The first quarter was reflective of this increase in volatility, as an 11.2% rally in the MSCI EAFE Index during the second half of the quarter tempered anxieties that emerged during the 12.8% dip in the first half, as measured in U.S. dollars.

Quarterly Letter

Exclusive

International equity market returns were relatively flat for the year, measured in local currency, but this result masked the significant dispersion in performance among stock, bond, currency, and commodity markets. These muddling markets appear to be increasingly recognizing fragile underlying fundamentals including lingering global imbalances, eroding confidence in policymakers, a slowing Chinese economy, intensifying geopolitical risks, and the vulnerability of U.S. corporate profit margins.

Quarterly Letter

Exclusive

Global equity market returns were relatively flat for the year, measured in local currency, but this result masked the significant dispersion in performance among stock, bond, currency, and commodity markets.  These muddling markets appear to be increasingly recognizing fragile underlying fundamentals including lingering global imbalances, eroding confidence in policymakers, a slowing Chinese economy, intensifying geopolitical risks, and the vulnerability of U.S. corporate profit margins.

Quarterly Letter

Exclusive

The third quarter was particularly challenging given the broad-based nature of the selloff across asset classes. International equity markets declined 10.2% and 12.2% as measured by the MSCI EAFE and MSCI All Country World Ex-US indices, respectively as measured in U.S. dollars. This weakness was largely precipitated by a pair of factors, namely mounting concerns about China’s growth rate and the credibility of policymakers’ efforts to revitalize economies globally.  The Altrinsic International Equity Portfolio declined 11.3% as measured in U.S.

Pages