Ledt chart through July 30, 2017. Right chart through July 28, 2017.
*Numbers represent search interest relative to the highest point on the chart for the given region and time. A value of 100 is the peak popularity for the term. Avalue of 50 means that the term is half as popular.
Likewise a score of 0 means the term was less than 1% as popular as the peak.
✝Average pairwise 30-day correlation in US-dollar terms of stock-specific return. Stock-specific return is the actual return minus the factor return.
Source: FactSet, Google, MSCI, Risk Model:Barra GEMLT (Stable) and AB
*Alphabet, Inc.
Stock-specific return is the actual return minus the factor return.
Source: MSCI, FactSet, Risk Model: BARRA GEMLT (Stable) and AB
The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. AllianceBernstein Limited is authorised and regulated by the Financial Conduct Authority in the United Kingdom.
MSCI makes no express or implied warranties or representations, and shall have no liability whatsoever with respect to any MSCI data contained herein.
The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed or produced by MSCI.
David Dalgas joined AB in 2014 and is Co-Chief Investment Officer of Global Core Equity. He previously served as head of equities and CIO at CPH Capital, which he cofounded in 2011. Prior to that, Dalgas was head of equities at BankInvest, where he was responsible for equity portfolios serving global institutional investors.
Dalgas takes a long-term view and uses cash-flow-based analysis to construct portfolios. It's a process honed over years and underpinned with rigorous research. “The portfolio should grow faster, be of higher quality than the market, have a cleaner ESG profile and be cheaper,” he says. “That's the balance we try to strike.”
Dalgas relishes the intellectual challenge of finding companies that fit these criteria, and building conviction that they can outperform the market. “We do use some quant tools,” he says. “But we focus on bottom-up qualitative research to find these opportunities.”
Klaus Ingemann joined AB in 2014 as Portfolio Manager and Senior Research Analyst and was promoted to Co-Chief Investment Officer of Global Core Equity in 2018. He previously served as an executive member of the investment board at CPH Capital, which he co-founded in 2011. Prior to that, Ingemann was chief portfolio manager and a member of the investment board at BankInvest.
AB’s reputation for grit and loyalty to people, products and processes attracted Ingemann to the firm, and his investment philosophy seeks to align skill and proven processes with client demand. The funds he manages tap into all available sources of stock market returns, yielding high long-term returns potential while also offering a very diversified opportunity set with less risk relative to the benchmark and peers.
Ingemann has been investing in stocks since he was a child, and he has a particular fondness for the strategic aspect of building growing and sustainable business models. “We use qualitative measures to find great, sustainable companies, and we use quantitative models to select those offered at attractive prices,” he says.
Thomas Christensen joined AB in 2014 as a Senior Quantitative Analyst for AB Global Core Equity. He previously served as senior risk and quant manager at CPH Capital. Prior to that, Christensen held a similar role at BankInvest. He holds both a BSc and an MSc in business administration and management science from the Copenhagen Business School, and is a Chartered Alternative Investment Analyst (CAIA) with a Certificate in Quantitative Finance (CQF). Location: Copenhagen