More selectivity in a late-stage environment.
Our main conclusion from the conference was that investors around the world are increasingly interested in uncorrelated and more liquid alternative strategies.
Asset allocators show a growing but more selective interest within fixed income strategies with focus on structured opportunities with shorter duration and floatingbased assets. The general sentiment around the health of the economy and the cycle was modestly positive.
Certainly not Chairperson Powell’s “knockout, great, super strong employment report” but Still Enough for Fed to Taper. September job growth in the US was underwhelming vs. expectations but still a green light for a Fed taper announcement by year-end.
Going back more than 20 years, Kieger’s legacy has been built in healthcare and small companies. Over these decades we have developed our own “unique” asset allocation which has some outstanding and attractive portfolio characteristics, especially in recent turbulent times.