Bellwether Consulting is an investment consulting firm
for institutional investors. Our clients look to us for insight on the financial markets, recommendations concerning investment decisions, and fiduciary oversight.
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Keith Hocter's book,
Setting the
Table, provides practical advice to investment decision-makers sponsoring
401(k) or other employee-directed plans. Available directly from the
publisher at
xlibris.com.
US stocks raced back to their starting point and
foreign stocks did their best to keep up as the wacky year of 2011 drew
to a close. In this quarter’s Market Recap
we talk about key drivers for 2012 including US interest rates,
currency, and austerity spending in Europe – without once mentioning the
word “election”.
Equity managers tend to classify their strategy as “top-down” or
“bottom-up”, often with a certain degree of pride, as if one approach is
obviously better than the other. As a matter of investment policy,
should we have a preference? This quarter’s Focus Article explores the
question in the context of recent market volatility.
