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Essex Insights

The Essex Exchange - First Quarter 2017: What Will it Take for Active Management to Return to Favor?

Posted by: Nancy Prial April 19, 2017

BlackRock stunned the world of active management at the end of the first quarter when it announced that it was reducing investment staff and moving strategies to the quantitative side of the business. Although the numbers were relatively small, 5 out of 53 stock pickers and $6B out of $201B (Bloomberg), investment managers wondered if this was the moment that sealed the battle between active and passive.

Essex Exchange First Quarter 2017

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The Essex Exchange - Fourth Quarter 2016: The Impact of CHANGE

Posted by: Robert Uek October 11, 2016

Now that we are through one of the most divisive elections, with the two most disliked candidates in our history, it may be intrusive to reflect on what effects these types of events have had in the past. Although not as devastating as a war or depression it is well to remember that while not pleasant, America has been able to confront and continue to prosper throughout our history.  

 Essex Exchange Fourth Quarter 2016

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Second Quarter 2016 GEOS Review - The Question

Posted by: William Page July 19, 2016

As the Essex Global Environmental Opportunities Strategy (GEOS) completed seven years of track record on June 30, 2016, we were wrapping up a comprehensive West Coast marketing trip with prospects and clients. This road show came on the heels of some significant speaking engagements, where we were generally asked to address the case for climate solutions and clean technology investing. Most of the investors with whom we met understood the strong case-for clean tech investing, given the multiple secular trends afoot. However, the oft and warranted question we fielded, was "when will clean stocks improve?"

Q2_2016_GEOS Review

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The Essex Exchange - Second Quarter 2016: How Do We Fix The Employment Conundrum

Posted by: Nancy Prial July 12, 2016

Even before the surprising vote on the Brexit at the end of June, the Federal Reserve was pulling back from their intentions to raise rates more than once this year as growth once again showed signs of bouncing around 2%. The inability of the US economy to accelerate past 2-2.5% growth continues to frustrate policy makers and citizens alike as this recovery continues to be one of the least heralded and least believed in our collective memory.  In particular, the continued sense of malaise caused by stagnant wages and frustration over job growth has been one of the major factors leading to the rise of populism around the world.  We are seeing calls from our presidential candidates in the US as well as political candidates in Europe for policies that they believe will lead to a return to manufacturing ranging from tax treatment, to tariffs, to a repudiation of globalization.  The question, of course, is will any of these prescriptions cure the disease?

Q2_2016_Newsletter

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First Quarter 2016 GEOS Review - Where GEOS Fits

Posted by: William Page May 9, 2016

As we engage with prospects for Essex's Global Environmental Opportnuties Strategy (GEOS), we are frequently asked to define where GEOS fits in the ESG (Environmental, Social and Governance) arena, or amidst global sustainability strategies.  We designed and manage GEOS to harness and profit from what we believe to be one of the greatest global mega-trends of our generation: the need to do much more with fewer resources.

 First Quarter 2016 GEOS Review

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The Essex Exchange - First Quarter 2016: The Global Water Crisis: Challenges and Opportunities

Posted by: William Page April 7, 2016 In: Market Commentary

Water is one of the nine environmental themes identified by the Essex Global Environmental Opportunities Strategy (GEOS) as an area where clean technologies that improve the efficient use of scarce resources can offer superior financial returns. Rising water demand coupled with supply and distribution risk has put tremendous stress on global water supplies, and technologies that alleviate water scarcity have enormous opportunities for growth.

Q1_2016_Newsletter

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Essex Expands Distribution of Clean Tech and Sustainable Investing Strategy

Posted by: GEOS March 1, 2016 In: Clean Technology

http://www.businesswire.com/news/home/20160301005435/en

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A Retrospective on GEOS:  From the Journal of Environmental Investing

Posted by: William Page February 29, 2016 In: Clean Technology
 http://www.thejei.com/beyond-intrigue/
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Fourth Quarter 2015 GEOS Review - Clean Technology: Unloved and Underestimated

Posted by: Robert Uek January 13, 2016 In: Clean Technology

As 2015 comes to a close, we find ourselves asking an existential question: can one achieve competitive returns while investing in clean energy technologies that have the potential to substantially change the world.  We are prompted to consider this question as the Wilderhill Clean Energy Index was down a little more than -10% for the year 2015, the fifth time in the last six years that this Index has ended the year in negative territory.  This, during a period that has been favorable to the overall stock market – the MSCI World Index is up more than 186% since it bottomed in March 2009 following the financial crisis.  The good news is that, despite the significant headwinds buffeting the clean energy sector, Essex’s Global Environmental Opportunities Strategy (“GEOS”) has performed substantially better than the Wilderhill Clean Energy Index since the inception of our Strategy in mid-2009.

Q4_2015_GEOS_Review.pdf

 

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The Essex Exchange 4th Quarter 2015 -  A Year of Uncertainty

Posted by: Robert Uek January 12, 2016 In: Market Commentary

 2015 was a challenging year for many investors.  Although the broader US markets closed the year largely unchanged, the placidness suggested by the flat returns of the broad indices belies the volatility and stresses experienced throughout the year.  As measured by the S&P 500 Index, the markets experienced a daily move of more than 1% up or down on 72 trading days (nearly 30% of the trading days). The Index peaked for the year during the third week of May and declined more than 12% from this closing high to its closing low on August 25th.

The Essex Exchange 4th Quarter 2015 - A Year of Uncertainty

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Disclaimer:  Essex Insights and all of the corresponding postings contain the current opinions of the author but not necessarily those of Essex Investment Management Company LLC (“Essex”). Such opinions are subject to change without notice. This article has been distributed for educational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. Essex shall have no liability for decisions based on such information and shall have no obligation to update such information. Actual investments or investment decisions made by Essex, whether for its own account or on behalf of clients, will not necessarily reflect the views expressed. No part of the above may be reproduced in any form, or referred to in any other publication, without express written permission of Essex.