With the number of mergers and acquisitions being positively linked to small-cap performance, this year will be one to watch after a particularly weak 2024. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst with Bloomberg Intelligence, along with co-host Michael Casper, US small cap and sector strategist at BI, spoke with Bryan Wong, vice president at Osterweis and a portfolio manager for the Osterweis Opportunity Fund (OSTGX), about innovation and growth driving full-cycle returns and why his team focuses on companies with 100% upside. They also discussed why evaluating innovation in small companies requires looking at forward quality metrics and long-term intrinsic value and earnings power. This episode was recorded on Jan. 21.

With the number of mergers and acquisitions being positively linked to small-cap performance, this year will be one to watch after a particularly weak 2024. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst with Bloomberg Intelligence, along with co-host Michael Casper, US small cap and sector strategist at BI, spoke with Bryan Wong, vice president at Osterweis and a portfolio manager for the Osterweis Opportunity Fund (OSTGX), about innovation and growth driving full-cycle returns and why his team focuses on companies with 100% upside. They also discussed why evaluating innovation in small companies requires looking at forward quality metrics and long-term intrinsic value and earnings power. This episode was recorded on Jan. 21.

Reports of active management's demise have been greatly exaggerated. Active continues to grow and evolve in ETFs while mutual funds prosper and define benefit plans. Bloomberg Intelligence strategy team uncover active opportunities and gleam insights from active managers and those who cover the industry.

Reports of active management's demise have been greatly exaggerated. Active continues to grow and evolve in ETFs while mutual funds prosper and define benefit plans. Bloomberg Intelligence strategy team uncover active opportunities and gleam insights from active managers and those who cover the industry.

Inside Active by Bloomberg Intelligence

Osterweis’ Wong on Forward-Looking Quality: Inside Active

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a0efebf4-c67c-4fe5-bafa-b295015ce0e6/transcript

Europe and Japan’s earnings outlooks have improved, with double-digit growth expectations, though upgrades are concentrated in technology and energy, while inflation pressures could weigh on valuations. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, and co-host Laurent Douillet, senior equity strategist at BI, speak with Tom Coutts and Lawrence Burns, portfolio managers at Baillie Gifford, and subadvisers on the Vanguard International Growth Fund (VWIGX). They discuss why investors should still look beyond the US for long-term growth opportunities and how Baillie Gifford identifies durable growth companies. The conversation also explores international beneficiaries of the AI boom, why Japan is becoming more attractive, and how to balance valuation discipline with backing exceptional businesses over the long run. Recorded May 21.

 

Europe and Japan&rsquo;s earnings outlooks have improved, with double-digit growth expectations, though upgrades are concentrated in technology and energy, while inflation pressures could weigh on valuations. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, and co-host Laurent Douillet, senior equity strategist at BI, speak with Tom Coutts and Lawrence Burns, portfolio managers at Baillie Gifford, and subadvisers on the Vanguard International Growth Fund (VWIGX). They discuss why investors should still look beyond the US for long-term growth opportunities and how Baillie Gifford identifies durable growth companies. The conversation also explores international beneficiaries of the AI boom, why Japan is becoming more attractive, and how to balance valuation discipline with backing exceptional businesses over the long run. Recorded May 21.
&nbsp;

Baillie Gifford’s Coutts, Burns Look Beyond US

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a895f371-202d-46ba-a620-b45d01369508/transcript

As investors gain access to an expanding universe of active strategies and investment structures, distinguishing durable investment skill from short-term performance has become increasingly important. In this episode of Inside Active, host David Cohne, mutual fund and active-management analyst at Bloomberg Intelligence, speaks with Paul Cavazos, chief investment officer at American Beacon Advisors, about what separates durable investment managers from those benefiting from favorable market environments. They discuss why philosophy, process and people matter more than recent returns, how quantitative and qualitative analysis complement each other in manager research, and why discipline and consistency often matter most during difficult market periods. The conversation also explores concentration risk, style drift, private markets and how manager oversight can help identify when an investment process begins to break down. Recorded May 21.

 

As investors gain access to an expanding universe of active strategies and investment structures, distinguishing durable investment skill from short-term performance has become increasingly important. In this episode of Inside Active, host David Cohne, mutual fund and active-management analyst at Bloomberg Intelligence, speaks with Paul Cavazos, chief investment officer at American Beacon Advisors, about what separates durable investment managers from those benefiting from favorable market environments. They discuss why philosophy, process and people matter more than recent returns, how quantitative and qualitative analysis complement each other in manager research, and why discipline and consistency often matter most during difficult market periods. The conversation also explores concentration risk, style drift, private markets and how manager oversight can help identify when an investment process begins to break down. Recorded May 21.
&nbsp;

American Beacon’s Cavazos on Durable Managers

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/682e166e-2b05-4310-98da-b45601134aab/transcript

Shifting geopolitical risks, growing AI-driven power demand and consolidation across global energy markets are reshaping investment opportunities in oil, natural gas and real assets. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, and Vincent Piazza, senior energy analyst at BI, speak with Will Thomson, founder and managing partner of Massif Capital LLC. They discuss investing across energy, mining and other liquid real assets, and why commodity-producing companies are often misunderstood as simple bets on commodity prices. The conversation also explores how Thomson combines bottom-up company research with macro views on commodities and geopolitics, and why management teams, project execution and overlooked “orphan periods” can create opportunities for active managers, as well as structural natural gas trends and the challenge of managing volatility in cyclical sectors. Recorded May 5.

 

Shifting geopolitical risks, growing AI-driven power demand and consolidation across global energy markets are reshaping investment opportunities in oil, natural gas and real assets. In this episode of Inside Active, host David Cohne, mutual fund and active management analyst at Bloomberg Intelligence, and Vincent Piazza, senior energy analyst at BI, speak with Will Thomson, founder and managing partner of Massif Capital LLC. They discuss investing across energy, mining and other liquid real assets, and why commodity-producing companies are often misunderstood as simple bets on commodity prices. The conversation also explores how Thomson combines bottom-up company research with macro views on commodities and geopolitics, and why management teams, project execution and overlooked &ldquo;orphan periods&rdquo; can create opportunities for active managers, as well as structural natural gas trends and the challenge of managing volatility in cyclical sectors. Recorded May 5.
&nbsp;

Massif Capital’s Thomson on Real-Asset Equities

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c3288de5-b331-4602-913e-b44f01355074/transcript

Osterweis’ Wong on Forward-Looking Quality: Inside Active

In 1 playlist(s)

Inside Active by Bloomberg Intelligence

Social links

Follow podcast

Recent clips