Keith Wade, Chief Economist and Strategist at Schroders, on a visit to the U.S., tells Wall Street Week’s Jeff Salkin that the Bank of Japan seems to be succeeding in creating an expectation of inflation. He discusses what that means for world markets and why Germany may need to spark the next euro crisis.
Campbell Pryde, CEO of XBRL US, speaks with Wall Street Week’s Al Berkeley about the organization’s work to streamline access to detailed electronic filings of corporate financial data. XBRL-formatted reports allow investors greater speed and efficiency in analyzing and comparing reports from companies, industries and entire economies. Higher resolution copies of the graphics shown in the video are available in PDF form here. (Note: Mr. Berkeley also serves as a member of the board of the non-profit XBRL US.)
Bob Robotti, President of Robotti & Company Advisors, speaks to Wall Street Week’s Jeff Salkin about his approach to value investing. Robotti sees the increase in passive-style investment funds leading to greater opportunity for stock pickers. He explains why he’s staying with multi-year positions in companies that supply the home building sector, and he discusses the opportunities created by accelerating domestic energy production. (Disclosure: Robotti & Company Advisors owns over 1% of Builders FirstSource and Bob Robotti also owns shares personally.)
Randy Bateman, President and CIO of Huntington Funds, discusses the regional focus of the Huntington Situs Fund with Wall Street Week’s Jeff Salkin. Mr. Bateman sees rising farm income and farm values having a spillover effect on nearby businesses. He discusses some of the fund’s holdings and why, separately, actions in Washington will create business for the investment banking industry.
Hugh Fitzpatrick, President of Princeton Capital Management, speaks with Wall Street Week’s Al Berkeley about why the firm has taken a position in Unisys Corporation. Mr. Fitzpatrick also discusses his approach to portfolio construction for retirees. He says traditional thinking on investing in retirement may not be suited for retirement periods that can potentially extend over several decades.
Stephen Hammers, Chief Investment Officer of Compass EMP Funds, speaks to Wall Street Week’s Jeff Salkin about his firm’s volatility-weighted approach to investing. Assets in many of the firm’s mutual fund are allocated based on risk contribution, measured by standard deviation. Mr. Hammers sees these funds as potential replacements for both capitalization-weighted passive investments and active management.
Tom Graff of Brown Advisory speaks with Wall Street Week’s Al Berkeley about the challenges facing fixed income investors in an ultra-low interest rate environment. Mr. Graff manages the Brown Advisory Tactical Bond Fund (BATBX). In this interview he explains how the positioning of corporate cash stockpiles has affected part of the yield curve, thereby creating potential opportunities. He also offers his view of negative yields in inflation-protected treasuries and discusses risks that could affect certain exchange traded funds.
Neil Hennessy, portfolio manager and CIO of Hennessy Funds, speaks with Wall Street Week’s Jeff Salkin about his quantitative approach to the mid-cap space. The 4-star rated Hennessy Cornerstone Mid Cap 30 Fund invests in firms with market capitalizations between $2 billion and $10 billion dollars.