Quarterly International Equity Strategy Q4 2024
Non-U.S. equities faced meaningful headwinds in a quarter of political intrigue among some of the world’s most critical democracies. Many central banks continued to lower short-term interest rates, reducing one strain on borrowers and the economy. At the same time, those same actions put downward pressure on currencies with only the Israeli shekel rising against the greenback in the quarter. Still, lower rates relative to the U.S. may be the driver of value recognition; even with earnings growth that isn’t keeping up with U.S. companies’, foreign stocks appear better than fairly priced.
Quarterly Technology Equity Strategy Q4 2024
The Bailard Technology Strategy posted a 4q24 total return of 3.06% net of fees, trailing both the cap-heavy benchmark index (S&P North American Technology Index) and the competitor-comprised benchmarks. The Morningstar U.S. Open End Technology Category returned 5.94% and the Lipper Science and Technology Fund Index returned 5.86%, while the S&P North American Technology Index generated 5.92% return and the Nasdaq-100 Index returned 4.93%.
Quarterly Small Value Strategy Q4 2024
A surprisingly hawkish tone from the Federal Reserve board in December suggesting that they plan to keep interest rates “higher for longer” drove market participants back into the arms of large cap growth stocks. Fear of a slower economy with persistent inflation and higher interest rates in the short term countered earlier enthusiasm for smaller cap stocks driven by the potential for a lower regulatory burden under the Trump administration starting in 2025.
Bailard Clears Redemption Queue and Expands Team for 2025 Growth
Bailard advances its efforts to seize opportunities in the evolving real estate market. With a disciplined investment approach and an expanded team, the Bailard Real Estate Fund is positioned for growth in the year ahead…
Country Indices Flash Report – December 2024
South Korea’s President declared martial law—but quickly reversed it. This led to two impeachments during the month and the Finance Minister acting as President and Prime Minister at year’s end.
Pensions & Investments, "AI applications: When can investors feel the impact?"
LLMs. Co-pilots. Agents. Two years after ChatGPT took the world by storm, the hype behind artificial Intelligence remains palpable. Major tech companies are pouring billions into sparkling new infrastructure for AI workloads. Utility companies in areas with dense data centers are seeing revenues and power consumption soar. Yet, outside of semiconductor and infrastructure players, few companies have seen significant revenue from AI products. Investors are increasingly left asking: When will these massive capital investments start benefiting software companies? What’s causing the delay?
Bailard CEO Sonya Mughal shares what’s kept her there for 30 years
“There’s no role or career that a woman cannot thrive in,” said Sonya Mughal, CEO of Bailard. “What people do need to understand is that you can thrive only in the correct environment.”
Bailard Awarded Best Places to Work in Money Management
SAN FRANCISCO – December 9, 2024 – Bailard, an independent asset and wealth management firm based in the San Francisco Bay Area, has been named one of the 2024 Best Places to Work in Money Management by Pensions & Investments. The firm is honored to be ranked fifth in its category (companies with 50-99 employees). This marks the seventh consecutive year that Pensions & Investments has recognized Bailard.
Presented by Pensions & Investments—the global news source for money management and institutional investing—the 13th annual survey celebrates employers who build and sustain exceptional workplace cultures in the money management industry.
Bailard’s culture, rooted in its core values of accountability, compassion, courage, excellence, fairness, and independence, shapes both meaningful client relationships and an environment where employees thrive.
“Earning this recognition again highlights the culture we’ve built together at Bailard. It’s an environment shaped by our core values and energized by the dedication of our team. Together, we remain focused on serving our clients and making a positive impact,” remarked Sonya Mughal, CFA, Bailard’s Chief Executive Officer.
Julie Tatge, Pensions & Investments Editor-in-Chief, commended the winners, “As their employees attest, the companies named to this year’s Best Places to Work list demonstrate a commitment to building and maintaining a strong workplace culture. In doing so, they’re helping their employees, clients, and their businesses succeed.’’
Pensions & Investments partnered with Workforce Research Group, a research firm specializing in identifying great places to work, to conduct a two-part survey process of employers and their employees. The first phase evaluated workplace policies, practices, philosophy, systems, and demographics, representing 20% of the total evaluation. The second phase measured the employee experience through a survey, contributing 80% of the total score. Combined scores determined the final rankings.
Discover the full list of winners and explore profiles of the top firms across size categories at http://www.pionline.com/BPTW2024.
About Bailard, Inc.
Founded in 1969, Bailard is an independent, values-driven wealth and asset management firm serving individuals, families, and institutions alike. Bailard has built a long‐term asset management track record across domestic and international equities, fixed income, and private real estate, as well as robust, in-house sustainable, responsible and impact investing expertise. Through it all, Bailard works with clients to align their financial goals with their values. Based in the San Francisco Bay Area, with over $6.4 billion in assets under management as of 9/30/2024, Bailard is a majority employee-owned, woman-led firm, Certified B Corporation™, and UN Principles of Responsible Investing signatory.
About Pensions & Investments’ Best Places to Work in Money Management
Pensions & Investments, owned by Crain Communications Inc., is the 50-year-old global news source for money management and institutional investing. P&I released the 2024 ranking in December 2024. Participating firms must have at least 20 U.S.-based employees, $100 million of discretionary institutional assets under management or advisement, and a minimum of one year in business. This award does not evaluate the quality of services provided to clients and is not indicative of Bailard’s future performance. There was no cost for Bailard to enter. In 2024, 113 firms were ranked, with 27 managers recognized in Bailard’s category of 50 to 99 employees. For 2023, 2022, 2021, 2020, 2019, and 2018, there were 123, 100, 76, 94, 76, and 69 firms ranked, respectively.
Country Indices Flash Report – October 2024
Japan’s ruling LDP-Komeito coalition lost its parliamentary majority in a snap general election. Chosen as party leader just weeks ago, PM Ishiba must cobble together support from other parties to avoid losing his job in record time.