WrapManager's Wealth Management Blog
When life changes, we can help you thoughtfully respond.

Gabriel Burczyk

Founder & CEO

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Money Manager Tradewinds Global Investors Downgraded to Review

Posted by Gabriel Burczyk | Founder & CEO

March 22, 2012

WrapManager’s Investment Policy Committee placed money manager Tradewinds Global Investors on Review status as of March 20, 2012. Chief Investment Officer, Co-President and Lead Portfolio Manager David Iben will be leaving Tradewinds on June 30, 2012, along with several key members of the Tradewinds’ portfolio team.

If you currently have Tradewinds in your portfolio or are considering Tradewinds as an investment, WrapManager’s Investment Policy Committee recommends that you request more information here and speak with one of our Wealth Strategists before making any decisions. Our Wealth Strategists will provide you will detailed information about Tradewinds’ strategies and offer alternatives given these significant personnel departures.

Mr. Iben was responsible for growing the Tradewinds 14-member team beginning in 2006. He was also portfolio manager for the Tradewinds Multi-Cap Opportunities strategy, which was one of WrapManager’s recommended money manager strategies for 2012. The strategy is now on review status. Three portfolio managers and Tradewinds’ Associate Director of Research will also be leaving Tradewinds to join Mr. Iben at Vinik Asset Management.

As a result, several Tradewinds portfolios will be losing their lead and/or co-portfolio managers. These include: Nuveen Tradewinds Value Opportunities, Nuveen Tradewinds Global All-Cap, Nuveen Tradewinds International Value, Nuveen Tradewinds Global Resources, Nuveen Tradewinds Global Flexible Allocation, and Nuveen Tradewinds Small-Mid Cap.

Tradewinds has not announced any successor to Mr. Iben. These most recent departures come on the heels of Paul Hechmer’s departure in mid-2009. Mr. Hechmer helped found Tradewinds and managed the International Value portfolio for several years.




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Tradewinds NWQ Global Investors, LLC

Are We Due for a Correction? - Navellier

February 29, 2012
Louis Navellier of Navellier & Associates go over why he thinks a stock market correction is coming soon. "The stock market continues to benefit from a tidal wave of buying pressure, as new money keeps flowing into stocks. The S&P 500 and Dow rest at their highest levels since before the 2008 financial crisis, while NASDAQ is trading at an 11-year high. This surge was thought to be impossible last October, when fears of a double-dip recession were dominant. Back then, we called for a strong market recovery. Now, I may be going against the grain again - calling for a short-term correction due to rising oil prices." Download Full Commmentary Here Get Free Research Reports about Navellier & Associates, Inc. [+] Read More

Macroeconomic Backdrop Continues to Improve - BlackRock

February 23, 2012
Chief Equity Strategist at BlackRock Bob Doll reviews the improving economic backdrop of the US and around the globe. President Obama's proposed dividend income tax increase is also discussed. "The general economic trend in the United States over the past couple of months has been that positive surprises have outweighed negative ones and the overall tone of the data shows that economic improvements are continuing. The labor market in particular has been accelerating, with jobless claims on a noticeable downward trend. Even the housing market, which has long been a source of weakness, has begun to show some signs of life." Download Full Commmentary Here Get Free Research Reports about Blackrock Inc [+] Read More

Roosevelt Investments Adds Mesirow Financial's International Equity Team

February 1, 2012
Money manager Roosevelt Investments has hired Mesirow Financial's international equity team in an effort to expand Roosevelt's product offering. The deal, expected to close Tuesday January 31, 2012, would bring over the seven-person Mesirow team lead by Leila Heckman, Ph.D. and includes John Mullin, Ph.D., and Vijay Chopra, Ph.D. Together, the team manages $300 million in four international and global equity strategies based on proprietary quantitative research processes. Learn more about Mesirow Financial here. Get Free Research Reports about Roosevelt Investment Group [+] Read More

Windhaven Misses Its 12-Month Benchmarks Again but Still Hits Asset-Gathering Mark

December 18, 2011
RIABiz, an online publication geared towards financial advisors, recently reported on money manager Windhaven Investment Management's year to date performance and asset growth. "Since Charles Schwab & Co. acquired it a year ago, the Boston-based money manager's assets have surged 77% - to $8 billion from $4.5 billion." Windhaven's "three portfolios underperformed their benchmarks for the 12-month period ended October 31, but the company is raking in assets despite the relatively low returns." WrapManager has repeatedly advised against chasing recent past performance. Investors are often attracted to the latest 'hot' manager and the associated recent returns. Click here to download our report about the dangers of chasing past performance. We illustrate these dangers using Churchill Management Group’s performance as an example. "Windhaven's portfolios," as the article continues, "comprising primarily exchange-traded funds, are built to help investors weather bad markets by lessening their risk while often not generating quite as much return in an up market." "The three strategies are performing as expected, over the long term - which is what they are designed to do," says Bryan Olson, president of Windhaven. "While the long-term growth is strong, Olson concedes that these funds typically do better in a down market but won't perform as well in an up-tick." This can be seen during the market turmoil of 2008. To learn more about Windhaven, their strategies, and Windhaven's performance, simply click here and request the information you would like. Source: RIABiz Get Free Research Reports about Windhaven Investment Management [+] Read More

Choppy Markets Continue - Churchill Management Group

November 5, 2011
Churchill Management Group’s latest commentary focuses on the market rallies and weak technical indicators. “It continues to appear we are in that choppy period. The risk of being whipsawed during short-term rallies is high, so we will want to proceed with caution to ensure that the table is set for a sustainable run that will have legs and not just one that is bouncing around within a trading range.” Download Churchill’s Full Commentary Here Get Free Research Reports about Churchill Management Group [+] Read More

Third Quarter Portfolio and Market Review - Eagle Asset Management

November 3, 2011
Eagle Asset Management reviews the performance of their Small Cap Growth portfolio and the markets in their third quarter update. "The market was hit in the third quarter by a triple play that began with lower estimates of domestic growth, followed by the financial crisis in Europe and, most recently, growth forecasts slowing in China. We believe the lower estimates in domestic growth and associated financial issues already have been discounted in the current pricing environment." Download Full Commmentary Here Get Free Research Reports about Eagle Asset Management Inc [+] Read More

U.S.-China Trade: More Than a Game of Chicken

November 1, 2011
Lord Abbett's Milton Ezrati discusses U.S.-China trade relations and the potential for Congress to label China as a "currency manipulator." "If Congress can label China a "currency manipulator," then tariffs aimed at China become likely, as does Chinese retaliation in a pattern that would hurt world trade, growth prospects in both countries, and asset values on both sides of the ocean and beyond." Download Full Commmentary Here Get Free Research Reports about Lord Abbett Company Llc [+] Read More

The Same Old Song and Dance - Calamos Investments

October 20, 2011
Calamos third quarter commentary expresses many concerns about the global economy, but ultimately concludes that the healing process has begun. "We believe that emerging markets can come to the rescue, at least for the next few years. The imbalances in the global economy can be unsettling, as we noted, but these same imbalances create opportunities for countries, companies and investors on a global scale." Download Full Commmentary Here Get Free Research Reports about Calamos Investments [+] Read More

The Third Quarter Ends on a Mixed Note - BlackRock

October 3, 2011
BlackRock's Chief Equity Strategist Bob Doll explains his thoughts for the third quarter and what information will be guiding the market. "Overall, our view remains that the United States will avoid a recession, but we acknowledge that the pressures are growing. Ultimately, we believe the outcome of the European situation will help determine whether or not, and in what direction, markets will be able to break out of their current trading range." Download Full Commmentary Here Get Free Research Reports about Blackrock Inc [+] Read More