International money manager Cambiar Investors' fourth quarter investment commentary reviews their outlook for the international equity markets and the performance of their International and Global equity portfolios.
From the commentary: "Global equities continued their dramatic ascent into the fourth quarter, with many indices closing 2013 at their high of the year. A diminishing sense of crisis, coupled with growing evidence of improving economic activity, awakened investors’ animal spirits, and global equities were the direct beneficiary of this increased optimism."