Northstar quarterly market reports
The Northstar Market Report provides powerful empirical evidence as to why we are confident that our investment philosophy and process, closely followed, will deliver market beating returns for our clients over time. This work again points to controllable factors - markets move wildly, falling in and out of love with different sectors and companies, but we have a defined formula that works and we stick to our guns by only owning quality companies when they are incorrectly valued by other investors. We discuss stocks in this report, delving into our investment cases for specific securities which we own.
CURRENT QUARTERLY REPORT
2023 – Quarter 3
THE BIG PICTURE
As much as things change, they also stay the same
Over almost 3 decades of managing client investments, it is undeniable that our industry has become increasingly sophisticated – asset management has always attracted the smartest people, but these days, new comers have education that is acutely investments specific and they are armed with more technology. Yet, experience cannot be substituted for, and in this article, we take a look back at past stock market dislocations and their underlying causes. The common denominators driving short-term pricing are greed and fear and we question whether this will ever change.
FROM THE ANALYSTS
A challenging decade for fixed-income is finally over
As a tumultuous decade for global fixed income draws to a close, valuations are attractive, making it an ideal time for low-risk investors to enter the global market. Northstar has taken this opportunity to complement its current offshore offering with the launch of the Northstar Global Income fund. This multi-asset class fund aims to deliver a 2% real return and provide a stable income for investors with a low-risk mindset.
STAFF MEMBER PROFILE
Staff member profile – Hlelo Giyose (CIO and Portfolio Manager – First Avenue)
When did your interests in financial markets start?
I purchased my first share at the age of 12 on the recommendation of my mother. By then, she had already introduced me to a savings account at the bank and encouraged me to use up some of my bank savings to buy shares. Thankfully, she told me to buy shares of things we use in everyday home life. The two of us settled on shares of Chubb International, a security company.
QUARTERLY REPORTS ARCHIVE
Browse all our quarterly reports available by selecting the period from the dropdowns using year and date.