Xponance, Inc.

The Xponance team recognizes #Juneteeth as a day for introspection and reflection; a day to honor the past, celebrate the present, and contemplate further progress in the ongoing effort to foster equality and advancement in society.  

Our CEO and founder Tina Byles Williams recently sat down with Paul Olschwanger for an episode of the CFA Society Dallas/Fort Worth Charterholder Chatter podcast. In their conversation, they discuss Tina’s journey to founding Xponance and the obstacles she overcame along the way, as well as how Xponance is transforming access to alpha. Listen to the full episode here: https://lnkd.in/eNHQqX67 #women-owned #minority-owned #femalefounder

Hear our thoughts on the equity rally in China from Adam Choppin, CFA, APFI, Assistant Portfolio Manager of Multi-Manager Strategies.

In our recent paper diving deep into the asset allocations of Japanese institutional and household investors (This Time is Different in Japan, But Maybe Not for the Reasons You Think), we discussed how the demand curve for Japanese equities appears likely to have shifted higher given changes in the risk preferences of Japanese households. While this should change the expected long-term valuations on Japanese equities, fundamental active managers focus largely on the value created by individual holdings and their expected returns to shareholders. Here too, there is reason to be bullish on Japanese equities, due to market reforms and interventions over the past decade. In this note, we will recap those reforms we see as most relevant for global stock pickers, followed by insights from a selection of our high conviction boutique managers. https://lnkd.in/ezxi4nZ8

Financial conditions have improved, GDP numbers look promising, corporate earnings have been better than anticipated, labor market conditions remain strong, manufacturing has increased, and market breadth has expanded. However, this has happened alongside higher-than-expected inflation figures, a rise in consumer debt, a fall in consumer spending, and dropping levels of consumer confidence. As we enter the second quarter of the year, market participants appear to be performing a balancing act on a tightrope amidst the crosscurrents of the macroeconomic data flow. https://lnkd.in/eRZxswRQ

TODAY 11:00 am ET (4pm GMT, 5pm CET, 6pm Riyadh, 7pm Dubai): "Generating Alpha with Emerging Managers - Opportunities and Approaches", an interactive Investor Workshop, register here to participate live and/or get access to the on-demand replay: https://lnkd.in/ehx6HjHf With Veteran Investor Panelists: 1. Caroline Gillespie Greer, CFA, Managing Director Commonfund, 2. Lionel Erdely, Co-CEO and CIO, Investcorp-Tages, 3. Adam Choppin, CFA, APFI, CFA, Assistant Portfolio Manager, Xponance, Inc. 4. Jamil Batcha, Investment Director at single family office Waycrosse, Inc This interactive webinar has been designed to prep Agecroft Partners Partner's 5th GAINING THE EDGE (June 17-28) which will be the largest virtual cap intro event for the remainder of the year. The event is free for investors, and there are exclusive registration benefits for managers (a $3,478 goodie bag), click here for more: https://lnkd.in/erzV3_Nn At today's session, the panelists will explore the opportunities and approaches for investing in smaller, emerging hedge fund and alternative investment talent, and how they identify and evaluate emerging managers from an investment and operational due diligence perspective. Key topics will include: - What defines an "emerging" versus established hedge fund manager - Advantages and risks of investing in emerging vs. large funds - Sourcing channels and strategies for finding undiscovered managers - Critical investment due diligence factors for emerging fund evaluation - Operational due diligence essentials for smaller/emerging funds - Aligning economic terms and portfolio fit for emerging manager investments - Creative ways emerging managers can get on investors' radars - Is "seeding" still a thing? Best practices and options to kick-start an investment management business. This webinar is hosted by Don A. Steinbrugge, CFA, CFA, Founder and CEO, and Douglas Rothschild, President, of Agecroft Partners and moderated by Opalesque's Matthias Knab. See you there! This session is LIVE and INTERACTIVE, you can add your questions already now in this thread, many thanks! 😀

We are once again struck by the contradiction between careful data analysis and changing narratives regarding market direction. In our 4Q23 review, we noted that the idea of futures markets and market participants expecting 6-7 interest rate cuts by the Federal Open Market Committee (FOMC) over the course of the year made little sense absent a complete economic meltdown. As it turns out, we may end up with zero cuts by the FOMC, with the market currently pricing in only two. This rapid and significant increase in yields has been evident. While the market’s anticipation of large Fed Funds rate reductions has disappeared, many fixed income markets continue to predict smooth sailing with no storm clouds on the horizon. However, we have also noted in previous outlooks that some corners of the market (though very few) are beginning to prepare for foul weather. https://lnkd.in/esAfF--E

This quarter, I take a (very) deep dive look at the asset allocations of Japanese investors and find strong evidence that the tide has turned and the long awaited unlocking of Japanese household cash hoards may be upon us, while Japanese institutional investors are at least unlikely sellers of equities, and some are still potential marginal buyers of equities, and likely marginal buyers of JPY bonds. Xponance, Inc.

During this #WomensHistoryMonth our CEO Tina Byles Williams spoke with FundFire about attracting and retaining female talent in the asset management industry. Check out Tina’s insights alongside those from Laura Pollock, Kate Burke, and Christine Hurtsellers. https://lnkd.in/eHuSEE2m

Xponance is pleased to share that our Founder and CIO, Tina Byles Williams, will join Board Member James C. Rhee for a "Conversation Between Two Founders" this Thursday, March 28th, at the Howard University School of Business Auditorium. We encourage interested Howard University Students to join for what will likely be an insightful discourse in investing and leadership (see registration information in the original post).   And congratulations to James re your upcoming book release!