CLS Blog

Money Market Reform

December 2, 2016
Businessman juggling piggy banks

Content provided by Marc Pfeffer, Senior Portfolio Manager Money market funds have been around since the 1970s. They have been a primary tool and source of liquidity for both retail and institutional investors for more than 40 years and have trillions of dollars of cash invested in them. I helped create a money market fund…

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Early Lessons

December 1, 2016

  Content provided by Robyn Murray, Freelance Writer Mike Nixon was taught to invest by his grandmother. She bought stocks that he picked out when he was little and taught him about knowing the companies he was buying into and looking for ones that pay dividends. In a recent interview, Nixon recalled liking the idea…

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The Third P: Process

November 30, 2016
Cropped shot of four designers in a business meetinghttp://195.154.178.81/DATA/i_collage/pi/shoots/784296.jpg

Content provided by Rusty Vanneman CFA, CMT, CLS Chief Investment Officer In previous commentary, I wrote about the “Five Ps” of the money manager’s due diligence process: People, Philosophy, Process, Positioning, and Performance — in that order. Each of the Five Ps should be addressed by the person selecting an investment advisor. Ultimately, it’s about…

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California Dreaming… About American Funds

November 23, 2016
A group of young and old malibu (longboard) surfers about to go surfing at sunrise.

Content provided by Grant Engelbart, CFA, CAIA, CLS Portfolio Manager Sunny Southern California: surfers, palm trees, mountains, ocean views – hardly the setting you would expect to find one of the oldest money managers in the U.S. But, tucked away in a tall, downtown Los Angeles office building bearing the name of a different U.S….

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Financial Psychology 101

November 18, 2016
Shot of a young male teacher giving a lesson to his students on the lecture hall

Content provided by Kostya Etus, CFA, CLS Portfolio Manager Psychology and human behavior are some of the most interesting and challenging aspects of financial management. Understanding the motivations behind a client’s behavior and how to effectively encourage him or her to develop healthy financial habits can mean the difference between success and failure for our…

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Summer Doldrums?

November 15, 2016
Woman relaxing with music in hammock

Content provided by Marc Pfeffer, Senior Portfolio Manager In a weekly back in June I wrote about how the Fed would be on hold until at least September. Brexit was still fresh in everyone’s minds, and the payroll data had turned surprisingly weak at least for a month. Although the markets never sleep, the summer doldrums…

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CLS’s Fantasy Draft

November 14, 2016
cls-football-draft

Content provided by Kostya Etus, CFA, CLS Portfolio Manager & Scott Kubie, CFA, CLS Chief Strategist

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Election Reflection

November 9, 2016
The inauguration of President Barack Obama, January 20th 2009.  Unrecognizable crowds in the Washington DC Mall.

Content provided by Grant Engelbart, CFA, CAIA, CLS Portfolio Manager It’s no secret that markets hate uncertainty. Trump presents uncertainty – and markets reacted that way overnight. S&P 500 Index futures were down nearly 5% at one point, but have come screaming back to trade positive on the day. Sound familiar? Following the surprise Brexit…

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Proud Mama

November 8, 2016
batho2

Content provided by Robyn Murray, Freelance Writer Dawn with her husband, Jack Batho, III. Dawn Batho is a people person. Not only does she enjoy talking to people and forming relationships, she takes an interest in their lives and who they are. When I met her at the CLS office, she led me back to…

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CLS & American Funds: Asset Allocation

November 2, 2016
Colorful umbrellas in the sky, street decoration

Content provided by Grant Engelbart, CFA, CAIA, CLS Portfolio Manager We are often asked about our ability to add value to a portfolio of American Funds. After all, American Funds are the largest actively-managed fund company in the U.S. for a reason – they are darn good. There are over 60 different American funds to…

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