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Take a look at the equity weight over time of some multi-asset funds and you’d have thought that the manager was at best flipping coins...

We employ two types of asset allocation: strategic and tactical. The strategic asset allocation for a particular fund represents the...

I was presenting a slide deck entitled ‘The Art and Science of Multi-Asset Investing’ at five venues across the country recently, as part...

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. Most of you will...

This article is about the new investment process that was introduced while I was chief investment officer at Seneca Investment Managers,...

The three funds my team manage are all multi-asset, investing in equities, bonds, and specialist investment trusts that themselves invest...

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. I abhor poor...

I mentioned at the start of this letter that we had been shortlisted for two prestigious awards. We were nominated in two of 18...

My framework for thinking about asset allocation and thus portfolio protection is based around business cycle analysis. It is well...

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. The whole point...

In light of my views on the next global downturn as set out in an earlier post, I thought it would also be worth touching on the...

I am an advocate of the principle of ‘keeping it simple’. The three funds that my team at Seneca and I manage are all multi-asset,...

This article is about the new investment process that was introduced while I was chief investment officer at Seneca Investment Managers,...

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. We think that...

I know I bang on about this, but value investing is about so much more than buying low price-to-earnings or low price-to-book stocks....

“If you’re going to burn a bridge, make sure you’ve crossed it first.” Whoever said that might well have been referring to the bridge...

I recently came across a paper written in 2008 by Robeco’s Pim van Vliet and David Blitz entitled Dynamic Strategic Asset Allocation:...

I’m thinking about launching a smart beta ETF called the “Smart Alpha Smart Beta ETF”. It would invest only in shares that go up. At the...

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. I’m thinking...

I was fortunate to have spent twenty or so years working in Asia. It has been – and continues to be – the highest growth region in the...