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
2025 – Quarter 1
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THE BIG PICTURE
The double-edged sword of tariffs: lessons from history and their economic impact
"Those who cannot remember the past are condemned to repeat it". - Spanish philosopher George Santayana
This article focuses on tariffs; we unpack the motivation for applying them, their efficacy and impact, and we scour history, to appreciate the consequences of using them as an economic weapon. -
FROM THE ANALYSTS
Asset allocation: Modern Portfolio Theory
Northstar’s purpose is to deliver consistent, risk-appropriate returns for our clients. Central to this mission is our application of Modern Portfolio Theory (MPT), a framework pioneered by Nobel Prize-winning Harry Markowitz in the 1950s. MPT offers a structured, quantitative approach to optimising the balance between risk and return. By leveraging this time-tested methodology, we position the Northstar multi-asset portfolios to target the highest possible returns for a given level of risk tolerance, maximizing the efficiency of our clients' capital allocation.
QUARTERLY REPORTS ARCHIVE
Browse all our quarterly reports available by selecting the period from the dropdowns using year and date.