Deconstructing Alpha

So here we are, 9 months into a market decline.  What now?  In this interview we discuss what is likely to happen to the economy and earnings, what is next for capital markets, and where is the opportunity. 

Who doesn’t want to know that?  I don’t know anyone that can deconstruct it better than Brad Neuman. 

Triumph! What an honor it was to host the famed international investor Rezo Kanovich from the Artisan International Small Mid Growth Strategy.  Frontier has been a long-term investor with Rezo and Artisan, and I was shocked to have been able to interview such an icon of international investing.

We deconstruct the importance of security selection, the opportunities before us, the inefficiencies, and risk aspects of small stock investing.  After listening to this, you might be left pondering, who would index this space?

Buckle up, ear bud up, or grab the dog and go for a walk.  What a rare treat this interview is.

Stocks down, bonds down, managed futures up!  What are managed futures, how do they work, and why are they performing so well in this “everything down” environment?  To answer these questions, we go right to the source - Yung-Shin Kung, Head of Quantitative Strategies, & Portfolio Manager of the Credit Suisse Managed Futures fund.  Tune in and listen up, this is something totally different! 

In this podcast, we interview Max Belmont, Associate Portfolio Manager for the First Eagle Gold fund.  What does First Eagle know about gold?  Well, they just might own more gold than any other private entity in the country.  How much gold can fit in a swimming pool, what is the difference between gold out of the ground and gold mining stocks, what is the role of gold in a portfolio, and how do crypto currencies factor into this environment?  These are all questions that we will cover.  This is a fascinating interview, chock full of facts and tidbits about gold.  Grab your ear buds, get on your exercise device and buckle up.  Here we go.

While this podcast does hover around the growth vs. value debate, we will hone in on the misunderstanding of innovation and how a simple financial reporting measure can cause trillions of investor dollars to be misallocated.

This podcast is the most important podcast that I have produced!

To kick things off for 2022, we welcome back to the show Rob Almeida – Global Investment Strategist and Portfolio Manager for MFS Investment Management.  This time around, we recap the highlights and oddities of last year, and address some of the major issues for the New Year.   High asset prices, inflation, the Fed…we address it all in this sprawling synopsis of what the heck is going on in capital markets.

So, go sit in traffic – if you can find any, go walk your dog, or relax in your office and plug into this one.  Kick off the new year in style.  Well, this might not be stylish, but you just might be more informed. 

Can we deconstruct Advisors Alpha?  This is a first. We interview an investment advisor – Brandon Jansma. 

We figured that since most of our listeners are investment advisors, maybe we should interview one.

In this episode, we define Advisors Alpha with Brandon Jansma, whom we believe to be an all-around thought leader and contemplator of finer subjects. We ponder what it is to be an advisor today and venture into what the future of being an advisor looks like. We contemplate the value of time along the way. 

Grab your vacuum or your paintbrush and pop in your earbuds.  Let’s go to Laguna Beach, CA with Brandon Jansma.

This year, we reported on the current themes of why interest rates are so low, what is going on in China, and whether inflation is transitory or persistent.  However, we have saved one of the biggest issues for last to help prepare you for 2022 – Do Valuations Matter?  With U.S. equity markets so overvalued currently  – if you believe  traditional valuation metrics – we thought it would be prudent to check in with Frontier’s very own Founder Gary Miller, CFA.  

 

Put in your earbuds. This might be our most important podcast episode of the year.

What better way to end 2021 than to talk about some heavy hitters? Spending. Taxes. China. Russia. Mid-Term Elections – we discussed it all in this interview with Libby Cantrill, Head of US Policy at PIMCO. 

Tune in to hear a thought-provoking discussion on some of today's hottest U.S. policy topics and the potential impact on the markets and taxes.

Regulation is a four-letter word in American politics, but in China, is it business as usual? 

This year, Xi Jinping – the leader of the Chinese Communist Party – passed down a laundry list of regulations that resulted in cascading unintended consequences for businesses and investors alike.  These new regulations address real estate construction leverage, private education, environmental concerns, data privacy, and even screen time for minors.  Needless to say, investors are not so happy about all of this, nor is the mainstream media.  

But, what is the real story?    

Is this a step backward towards Maoist communism, or is this par for the course for “common prosperity?”  More importantly, for investors, the performance of Chinese equities has languished as of late.  And, as China goes, emerging markets typically follow.  The big question now: Is this a contrarian opportunity, or is this a value trap? 

Tune in to find out.  

Sit back in your Lazy Boy, lay down on your office couch, or walk your dog (or cat if you are into that), and enjoy the show.