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Research

Our Research teams oversee our investment process and the stocks, bonds and funds that we include in our portfolios.

In addition, our Fund Manager team publishes research articles on topics that are of specific interest to investors in our Funds.

It is a virtue of our size that we do not have to have an off-the-shelf view on every investment in the universe. Our process is highly targeted: we are snipers rather than having analytical armies. Instead, we concentrate our efforts on identifying the very best stocks, bonds and funds for our portfolios. Nor do we worry about the composition of stock market indices, believing that size is no guarantee of quality, and we like to think thematically rather than over-analysing shorter-term market noise.

Our focus is on blending quality, value and momentum, to identify attractive investments for our clients.

Innovation

A weekly financial markets blog written by Jim Wood-Smith, CIO Private Clients & Head of Research.

A good week for the rhubarb

20 January 2020

If one believes in p/e ratios, over the last year and a bit, the 12 month forward rating of the S&P 500 Index has risen from c.14 times to something a bit over 18 times. This is the highest in 10 years.

That's life

13 January 2020

Liquidity is going to become an increasingly important and annoying part of our everyday office lives. The easy bits of this are seeing where the winds are blowing for equity and commercial property funds. It is trickier to see how the regulators are going to deal with fixed income and bonds.

Oil be back

06 January 2020

The American assassination of General Qassem Soleimani and Abu Mahdi al-Muhandis changes the rules. It is not our place to voice opinions of what is right and wrong, but this has transformed a simmering but manageable pot into an inferno. We suspect that Friday 3rd January 2020 will be viewed as one of the defining moments of Middle East history.

Thematic Research

A collection of "bite-sized" research articles exploring a variety of investment themes and opportunities.

Renewable revolution

10 October 2019

Renewable energy sources have experienced a surge in popularity in recent years. The likes of wind and solar power were once viewed as being expensive, inefficient and unable to cater for a meaningful proportion of a nation’s power demands. These notions are being quashed by factors including climate change and falling costs, augmented by an increase in public awareness of environmental issues.

Oil talk, no trousers

24 July 2019

Our recent paper, Net Zero, asked testing questions of the oil & gas industry. Scientists tell us the world cannot afford to burn more than one-third of known oil reserves: so how flexible can oil firms be in adapting to a low-carbon economy? This follow-on paper considers a clean transition for one of the world’s most controversial and important industries.

Net zero

10 June 2019

In April 2019, the statutory body that advises the government on preparing for climate change declared that the UK should target net-zero carbon emissions by 2050. For some, the Committee on Climate Change’s (CCC) recommendation is outrageously ambitious; even the prior 2050 target of an 80% reduction in emissions relative to 1990 seemed a Herculean challenge.

Jargon Busting

The investment world loves a flutter of jargon. It makes commentators sound ever so clever. Yet behind this flamboyant lexicon are often some fairly simple, easy-to-grasp concepts.

Underneath the Arches

Underneath the Arches is our quarterly newsletter for private clients of our Portfolio Management Services, in which we attempt to explain what has happened in investment markets in recent months and to lay out our expectations for the future.

Underneath the Arches: Summer 2019

07 November 2019

It has been exceedingly fortunate that 2019 began on January 1st. The performance of financial markets this year has been deceptively flattered by the plunge in equities towards the end of last year, the nadir of which broadly coincided with the turn of the year.

Underneath the Arches: Spring 2019

24 June 2019

Arguably the greatest challenge of long-term investment is to ignore the short-term. It is also a truism that investment newsletters are written an uncomfortably long time before they are delivered and read. It is therefore inevitable that much will have changed between typing these thoughts and their unruly disturbance of your Sunday cornflakes.

Underneath the Arches: Winter 2018

21 January 2019

Few will look back on 2018 with affection. A year that began so brightly ultimately ran away with itself and ended with equity market falls uncomfortably reminiscent of 2008 and 2009. That, we are glad to say, is where the similarities with the Great Financial Crisis begin and end.

Funds Research

Our Fund Manager Team publishes research articles on topics that are of specific interest to investors in our Funds.

Good performance – understanding what it means and how it can be achieved

17 September 2019

In this article we define ‘good performance’, and how our investment process is designed to achieve it. Also, by explaining the pattern of our Funds’ past performance we seek to guide investors as to how we hope our Funds will perform in the future.

Trust

14 June 2019

Trust is perhaps the most important element in a decision to invest with an active fund manager. Together with our rigorous investment process, we hope that the disciplines we impose on ourselves give our investors in the Hawksmoor Funds the greatest chance of seeing their desired outcomes achieved.

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