Archive for January, 2014

Financial Times – 1/7/14

January 13, 2014  |   Financial Times,In the News   |     |   0 Comment

“It’s a contrarian play out of the gate as the year begins,” said Michael Kastner, managing principal at Halyard Asset Management. “The change in the calendar can be a good time to make portfolio changes.” US investors begin 2014 with contrarian bets

December 2013 – Monthly Commentary

January 13, 2014  |   Monthly Commentary   |     |   0 Comment

With an acknowledgment that economic activity has consistently strengthened since the third quarter, Fed Chairman Bernanke announced at the December Federal Open Market Committee (FOMC) meeting that the Federal Reserve would begin to reduce emergency quantitative easing commencing in January.  Moreover, he said the FOMC expects quantitative easing to be fully concluded by the end of 2014.  While we are cheered to see the Fed retreat from what we deem to be irresponsible monetary policy, ...