Renewable Energy

Overview A combination of factors drove Anchor’s increased focus on the utility sector and renewable energy space. First, after the Paris Agreement was signed in 2016 we observed a major shift in sentiment and a heightened global response to reducing carbon emissions. The stock prices of companies in certain industries like energy and utilities –…

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Rising Rates Can Be Good For Value

With the expectation for increased stimulus, stronger economic activity and higher interest rates, Value has outperformed Growth since 4Q20 Chart 1: The Rotation is Real Since November of 2020 value has outpaced growth As COVID restrictions ease and the economy reopens value is poised to continue to benefit relative to Momentum stocks As the recovery…

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Small Caps and Recessions

“It’s been an ideal period for investors: A climate of fear is their best friend. Those who invest only when commentators are upbeat end up paying a heavy price for meaningless reassurance. In the end, what counts in investing is what you pay for a business – through the purchase of a small piece of…

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Mid Cap Investing

Executive Summary We view mid cap stocks as a distinct segment of the U.S. equity landscape and believe there are key attributes that separate them from their small and large cap brethren. The mid cap universe is large and diverse; making up 22% of US securities listed on stock exchanges,1 Mid cap companies can be…

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Founder-Led Companies

A growing number of companies are led by founders, and we believe for good reason.1  According to Schroders, 7% of globally listed public companies with market capitalizations over $500 million are still run by their founders.2  The trend is even more pronounced with newer public companies.  Among globally listed IPOs over the past five years,…

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Throwing a Curve: Are Yields Signaling Trouble Ahead?

Change is in the air. After a 37-year bull market in U.S. Treasury Bonds that repeatedly probed new depths in yields, the 10-year U.S. Treasury bond yield hit a low of 1.36%1 in July 2017 before turning back up again. As of this writing (in June of 2018), it has climbed to around 3%2—a level…

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Boston wealth manager strikes out on its own, defying trend

While many of its peers are being acquired by larger companies, Boston wealth management firm Anchor Capital Advisors is going in the opposite direction — toward independence. Anchor recently announced that it had completed its $47 million buyout transaction with Boston Private Financial Holdings (Nasdaq: BPFH). For more than a decade, Anchor was owned by…

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Capturing the Opportunities in the M&A Market

Strength and Characteristics of the M&A market Mergers and Acquisitions (M&A), one of the major facets of capital markets and corporate financing, can be defined simply as the consolidation of companies. To differentiate the two terms, a Merger occurs when two companies combine to form one, and an Acquisition occurs when one company buys another.…

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Is Active Management Ready to Make a Comeback?

In the battle of investment approaches, it appears passive investing has been declared the winner—at least, according to the popular press. The virtues of passive management seem to be a favorite topic of white papers, industry conferences and client meetings. It’s no wonder that flows into passive funds and Exchange Traded Funds (ETFs) reached all-time…

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