Category: Investment Methodology
188 posts categorized as "Investment Methodology"
Finding High Quality
October 18, 2013
Content provided by Sierra Morris, Junior Investment Research Analyst Here at CLS, one of our portfolio themes as of late has been high quality. But what does high quality actually mean and how is it measured? There are many ways to look at quality, but two popular methods are the Merton Model and the Piotroski…
The Spectrum of Brokerage Windows
October 1, 2013
Content provided by Ryan Beach, CLS President This summer, there was a lot of press and increased attention on whether plan sponsors can be liable for offering a brokerage window in their retirement plans. It’s clear that self-directed brokerage windows are becoming more and more prevalent as a feature of retirement plans. In June, Fiduciary…
Is Focusing on Bank Savings Failing Long-term Investors?
September 20, 2013
Content provided by Michele Prell, New Business Manager A recent survey done by Bankrate.com showed that 26 percent of Americans feel that the money they invest that won’t be needed for 10 or more years would be better served placed in cash. Only 14 percent believe that long term investments in the stock market would…
Holding on Too Long
August 7, 2013
Content provided by J.J. Schenkelberg, CLS Senior Portfolio Manager My grandmother passed away this past May. She was 91, and lived a very full life. Like many families dealing with the loss of a loved one, she left behind the family farm. My grandfather and grandmother grew up very close to it, and my mother…
Be Patient with Current Strategies
August 5, 2013
Content provided by Rui Wang, CLS Research/Portfolio Analyst Fund investors tend to chase top performers and abandon bottom ones. According to recent research done at CLS, this strategy is myopic and does not serve an investor’s best interest in the long term. Using Morningstar’s mutual fund database, we collected three years of rolling category return…
Theme: Simplicity
May 2, 2013
Content provided by J.J. Schenkelberg, CFA, CLS Senior Portfolio Manager Simplicity is one of our 2013 key themes here at CLS. Simplicity, is easier said than done. But, every time I focus on this concept it seems to become a little better, as long as we focus on the correct areas. My family has been…
Risk Budgeting White Paper
March 25, 2013
Content provided by Rusty Vanneman, CFA, CLS Chief Investment Officer We recently updated the CLS Risk Budgeting White Paper. Thanks to many hours of work led by Scott Kubie and Rui Wang, along with numerous contributions from the entire Investment Team and Investment Committee, we believe we were able to improve our risk budgeting methodology…
Disciplined Risk Management Addresses Brain’s Idiosyncrasies
January 24, 2013
I will risk embarrassing myself to help illustrate why risk budgeting is a valuable service that CLS provides for our clients. As a neuroscience major in undergrad, I learned that the reasonable, logical part of the brain is not always in charge. Even worse, I learned that because of limitations, the brain does not always…