As part of our fundamental research process, we met with over 20 companies during the quarter across technology, healthcare, consumer and financial technology. We also had the opportunity to interview the former Chairman of Microsoft Europe, Jan Mühlfeit, on innovation and corporate cultures. In our view, an organization’s culture significantly impacts the performance of that […]

Technology companies allocate billions of dollars into research in the hope of driving innovation. Over the last two decades the costs have sky-rocketed and companies are accelerating investments to stay ahead of the competition. Many management teams have decided to augment R&D by looking externally and are acquiring pioneering companies. Some investors have pondered whether […]

The Pier 88 Investment Team suggest investment grade convertible securities as an interesting investment opportunity in the current market environment as they provide the potential for equity participation with downside protection. The investment grade convertible securities universe is well diversified across industry sectors, geographic regions and market caps. It also offers a current yield that […]

Much has been written in the media describing the strong momentum behind mega cap technology stocks. In this paper, we dissect some of the contributors underlying this momentum, while also suggesting theremay be better long-term risk/reward opportunities in other areas of technology. We attribute much of the performance for these names to strong fundamentals, asset […]