Interview (1011)
Kalmar “Growth-with-Value” Small Cap Fund
Unlike growth investors who specialize in only certain industries in search of growth, Kalmar Investments applies a consciously more wide-ranging approach to identify companies with sustainable earnings growth. Ford B. Draper Jr., portfolio manager of the Kalmar “Growth-with-Value” Small Cap Fund, and his 9-person research team primarily use the firm’s internal
The search for value is always difficult, but in a crisis environment, it can be a real challenge. For Thomas Schuessler, the manager of DWS Large Cap Value Fund, the analysis of various bottomup metrics is only part of the process. The macro perspective on sectors and themes, the outside
In the world of investment, the efficiency of even the most elaborate models is often based on surprisingly simple truths. Harnessing the idea of making money where it is to be found, David O’Leary has organized his investment strategy around a proprietary money flow measure to generate alpha for the PowerShares
Only a couple of years ago, investing in commodities was a complicated matter involving a futures account or an indirect approach through equities. Invesco PowerShares and Deutsche Bank now provide a more efficient access to an area that’s not correlated to equities. Investors can choose between diversified, leveraged, or inverse
James Balanced Golden Rainbow Fund
Bargain-hunting is one key element for The James Balanced: Golden Rainbow Fund, but is far from being the only one. In addition to looking for out-of-favor stocks, portfolio manager Dr James may switch to bonds to capture the opportunities provided by the direction of interest rates. Long-term experience, in-house research,
Formula-driven, transparent, and disciplined, the Hennessy Focus 30 Fund, employs a strict quantitative formula to select 30 stocks each year. The fund marries value with momentum, combining low price to sales with earnings and stock price appreciation. However, according to the co-manager Frank Ingarra, the key factor for the fund’s
Merk Hard Currency Fund, Merk Asian Currency Fund
The U.S. dollar, though enjoying the status of world’s reserve currency, could lose its luster. Investors looking to protect their purchasing power for dollars held can now invest in foreign currencies through the Merk Hard Currency and Merk Asian Currency Funds. The Funds diversify allocations among several European and Asian currencies.
Eastern European markets are less efficient than established equity markets offering a lot of potential to add value through an active management approach. Our research process aims to take advantage of these inefficiencies, says Pascal Curtet, manager of the Eastern European Equity Fund. The key element is staying on top of
Putnam Convertible Income-Growth Trust
Blending stock research and growth outlook with a thorough assessment of credit opportunities is key to successful investing in the convertible market. Portfolio manager David King utilizes Putnam’s extensive expertise in credit equity analysis and credit research at a global level to gain advantage for the Putnam Convertible Income-Growth Trust.
High yield is typically associated with high risk, especially if compared to government bonds. For Nick P. Calamos, who leads the portfolio management team of the Calamos High Yield Fund, the high yield market segment represents an opportunity to participate in emerging growth companies with less risk than the equity.
