Category: Investment Commentary

Q4 2020 – Essex Exchange

As if 2020 were not difficult enough, we were dealt a particularly hurtful and personal blow with the unexpected passing of Steve Cutler shortly before Thanksgiving.  Steve, our President and a Senior Portfolio Manager, first joined Essex in 1989, and for the past 30 years has been a great colleague, investor, mentor, leader and friend to Essex and to our... Read more ›

Nancy Prial Featured in the Wall Street Journal on Small Caps

Nancy Prial, Essex's CO-CEO, was recently featured in an article with the Wall Street Journal addressing the topics of small cap stocks and the bounce back of the Russell 2000 small-cap index.  To view the entire article please click here.   Please note you do need a Wall Street Journal membership to read the full story.   Please find important... Read more ›

Nancy Prial Joins CNBC’s Fast Money as an Expert Panelist

Essex’s CO-CEO, Nancy Prial, was recently invited to join CNBC Fast Money’s full show as one of the expert panelists. Nancy shared her thoughts on the tech sector, potential opportunities in small-caps and stocks. To view the entire show, please click on the video below.       Please find important disclosures here Read more ›

GEOS Portfolio Perspective Update

GEOS – Portfolio Perspective There is an important shift occurring in the global equity market – and one we have been observing and discussing over the past several months. While the market prognosticators state it has been an extremely difficult time to outperform the indices, we note that correlations across equities are decreasing. The reason active investors have been having... Read more ›

Seven Reasons to Invest in Micro Caps — and How to Do it Right

Essex's Co-CEO, Nancy Prial, recently wrote an article highlighting several reasons of how to and why to invest in Micro-Cap Stocks: Savvy investors have long understood the benefits of small-cap stocks. They know that an allocation to a less-efficient area of the market can improve the risk/return profile of a portfolio. The same and more can be said about micro... Read more ›

1 + 1 = 0

  1 + 1 = 0 By Robert J. Uek, CFA Co-Portfolio Manager, Essex Environmental Opportunities Fund When a merger or acquisition is proposed, the M&A bankers often seem to justify the combination using a fantastical mathematical model something like: “1 + 1 = 3”.  In other words, the resulting entity instantly should be worth more than simply the summation... Read more ›

Q3 2020 – Essex Exchange

In December 2016, Fed Chair Greenspan famously implied that the stock market was suffering from “irrational exuberance”. Specifically, during a speech to the American Enterprise Institute, Greenspan asked “How do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contraction?” Although this query concerned the stock market following this presentation... Please... Read more ›