Manager Monitor: Greg Gipson, BMO Asset Management Inc.

first_img Greg Gipson cites three major investment themes that he and his colleagues are pursuing in managing the $354-million BMO Global Equity Class. “Particular themes that we like,” says Gipson, “are Big Brother, or global security; Big Pharma, or changing global demographics; and Big Data management. We do find opportunities across the different regions for each of the three themes.” Facebook LinkedIn Twitter Related news Gipson is a vice-president and head of portfolio management, systematic investments, at BMO Asset Management Inc. in Toronto. He has been the portfolio manager of BMO Global Equity Class since November 2012, along with George Patterson. Among Gipson’s other day-to-day responsibilities are co-managing BMO Global Small Cap. The six-member team, including Gipson, manages $4.8 billion. The BMO team favours well managed companies that are trading below what they consider to be their intrinsic values, and those that are expected to consistently increase their earnings and cash flow. In turbulent markets, the fund may increase the number of holdings for further diversification. This year, says Gipson, there has been a “slight bias” toward growth relative to value. The stock-selection process starts with a universe of roughly 1,600 securities that span 23 countries. That universe is initially whittled down to around 100 names. After further research and analysis, the portfolio will generally consist of 60 to 80 holdings. To mitigate foreign-exchange risk, the managers actively manage their currency exposure. Among the top holdings in BMO Global Equity is Lockheed Martin Corp. (NYSE:LMT), a U.S.-based global-security and aerospace company. It illustrates the Big Brother theme. “The world is an increasingly volatile environment,” says Gipson, “and we do rely on these global defence contractors and security providers, and they are primarily in the U.S.” The stock price has done quite well, “so there might be some short-term profit-taking.” Another top holding is Roche Holding AG, a pharmaceutical and diagnostics company based in Switzerland. “We paid around 180 Swiss francs (CHF) for it,” says Gipson, “and right now it’s trading around CHF280.” Gipson likes the company’s extremely strong balance sheet and good company management. He says Roche’s product line-up generates sufficient sales and free cash flow to enable it to continue financing research and development. Representing the Big Data theme is Seagate Technology PLC (Nasdaq:STX), a provider of data-storage solutions. “Currently, there’s been some short-term weakness within technology globally and we’ve reduced some of the positions,” says Gipson. He is “cautiously optimistic” because the technology names are all cyclical growth names, “but we still believe it’s a theme you want exposure to.” Gipson brings extensive global experience to his mandates. American-born, he holds an undergraduate degree in economics and received a master of science in engineering, economic systems and operations research from Stanford University in 1997. Upon graduating, he joined the portfolio-management and research team at Barclays Global Investors in San Francisco, working on the U.S. and Japanese equity markets. He then moved to Japan to work on developing and launching a Japanese-equity hedge fund with the firm. Following his experience with BGI, he spent nearly a decade managing investment teams and trading desks in the Asia-Pacific region. Then at the end of 2008, Gipson moved back to the U.S. He took a year off work “to clear my head after being abroad,” since he was looking for a very specific role before returning to the industry. The best fit for him proved to be BMO, where he began working in January 2010. From a country perspective, BMO Global Equity will typically have half of its assets invested in North America, with one-quarter in each of Asia and Europe. Gipson notes that on the basis of the MSCI World Index, the U.S. would represent about half of the available large-cap investible universe. Looking ahead, Gipson expects markets to be volatile and to be interrelated. “When you see any sort of soft macroeconomic data out of the U.S.” he says, “markets may be a bit frenetic in the short term. Europe’s relying on the U.S. to buy their goods, Asia, as well, they’re looking to export. And so you’ve seen some softening in China, some softening in the U.S., and then investors start getting a little bit skittish.” Diana Cawfield NEO, Invesco launch four index PTFscenter_img Share this article and your comments with peers on social media Keywords Fund managers Change to Counsel Global Small Cap Fund Franklin Templeton renames funds with new managerslast_img read more

Rogerio Moraes to solve knee problems

first_imgRelated Items:RK Vardar, Rogerio Moraes 2 Comments ShareTweetShareShareEmail “Warm up” and “Stoilov’s dance” to announce very interesting season VIDEO: Ristovski is hero of RK Vardar Recommended for you RK Eurofarm Pelister beat RK Vardar for the first trophy in season 2020/2021center_img Leave a Reply Cancel replyYour email address will not be published.Comment Name Email Website Save my name, email, and website in this browser for the next time I comment. Pingback: Rogerio Moraes to solve knee problems – Sports News Latest 2 Comments Pingback: Rogerio Moraes to solve knee problems – News: The Sports ShareTweetShareShareEmailCommentsFirst part of the season is over for RK Vardar Skopje line-player Rogerio Moraes. The Brazilian player announced that year 2018 is over for him as he will go on surgery on Monday, which will help him to avoid knee problems in the future.It is still unknown how long former THW Kiel player will be out of the squad. RK Vardar have Stojance Stoilov and Gleb Kalarash on the same position.last_img read more

Low levels of the hormone vasopressin linked to social deficit in children with autism

first_imgA brain-chemistry deficit in children with autism may help to explain their social difficulties, according to new findings from the Stanford University School of Medicine.The research team found a correlation between low levels of vasopressin, a hormone involved in social behavior, and the inability of autistic children to understand that other people’s thoughts and motivations can differ from their own.The research will be published July 22 in PLOS ONE. Share on Twitter LinkedIn Share Emailcenter_img Pinterest Share on Facebook “Autistic children who had the lowest vasopressin levels in their blood also had the greatest social impairment,” said the study’s senior author, Karen Parker, PhD, associate professor of psychiatry and behavioral sciences.The findings raise the possibility that treatment with vasopressin might reduce social problems for autistic children who have low vasopressin levels, a hypothesis that Parker and her team are now testing in a clinical trial.However, the new research also showed that children without autism can have low vasopressin levels without displaying social impairment, Parker noted; in other words, autism is not explained by a vasopressin deficit alone.Investigating vasopressinAutism is a developmental disorder that affects 1 out of every 68 children in the United States. It is characterized by social and communication deficits and repetitive behaviors. The new study examined a social trait that psychologists call “theory of mind”: the ability to understand that others have different perspectives. Poor “theory of mind” makes it harder for people with autism to empathize and form relationships with others.Vasopressin is a small-protein hormone that is structurally similar to oxytocin. Like oxytocin, it has roles in social behavior. Vasopressin also helps regulate blood pressure.In the new study, the researchers first verified that vasopressin levels in the blood accurately reflected vasopressin levels in the brain by measuring the hormone’s levels simultaneously in the blood and cerebrospinal fluid of 28 people who were having the fluid collected for medical reasons.They then recruited 159 children ages 3-12 for behavioral testing. Of these children, 57 had autism, 47 did not have autism but had a sibling who did, and 55 were typically developing children with no autistic siblings. All of the children completed standard psychiatric assessments of their neurocognitive abilities, social responsiveness, theory of mind, and ability to recognize others’ emotions, which is known as affect recognition. All children gave blood samples that were measured for vasopressin.In all three groups, children had a wide range of vasopressin levels, with some children in each group having low, medium and high levels. Children without autism had similar scores on theory of mind tests regardless of their blood vasopressin level, but in children with autism, low blood vasopressin was a marker of low theory of mind ability.last_img read more

DACPA Donates supplies to Newtown Primary School students

first_img Share LocalNews DACPA Donates supplies to Newtown Primary School students by: – May 9, 2019 Sharing is caring! Share 295 Views   no discussionscenter_img Tweet Share Students of the Newtown Primary School, Members of DACPA and Principal of Newtown Primary School, Anita WilliamsThe Students of the Newtown Primary school are better equipped for school after receiving donation of school supplies from the Dominica Arts and Crafts Producers Association (DACPA) earlier this week.This substantial donation included over fifteen packed bags of supplies which is said to be enough for each student.At the handing over ceremony, Head of  DACPA, Vanessa Lissa Winston said that she saw the opportunity to give irrespective of the quantity.“We have received a few care bags and back-packs that we have packaged and presented to the Newtown Primary School. It may not be much but I know with the principal’s assistance she will use it to benefit all or those more in need,” she stated.Addressing the small ceremony, Winston encouraged the public to pay attention to the students for not only academics but for their creativity and interest in nature.Meanwhile Principal of the Newtown Primary, Anita Williams expressed her gratitude to the DACPA as the school seeks to develop a holistic learning environment.“The arts and craft materials will go towards enhancing and teaching at the school to make our students enjoy learning and what they do”, stated Williams.Some of the Supplies Donatedlast_img read more

Browns To Sign Former Chiefs Cornerback Terrance Mitchell To Three-Year Deal

first_img Related TopicsTerrance Mitchell Eli Mooneyham Elijah Mooneyham has been a dedicated sports fan his whole life. Born and raised in Cleveland, he has his best days when his hometown teams are winning. Elijah is currently on-air talent/producer on two shows, The Main Event and The Moon Hour, where you can find on He also has an insane passion for professional wrestling, so catch his opinions on the world of professional wrestling.center_img The Cleveland Browns have been extremely active in all facets of the off-season thus far, making three big trades just before free agency hit and then signing some solid players to add depth and talent to a roster devoid of those two things. Wednesday at 4 pm is the first day free agents can officially sign with their new teams and the Browns have made their list of signings a little longer today.According to a report from ESPN’s Adam Schefter, Cleveland is signing former Kansas City Chiefs cornerback Terrance Mitchell to a three-year deal.Former Chiefs’ CB Terrance Mitchell intends to sign a 3-year, $12 million deal with the Cleveland Browns, per source.— Adam Schefter (@AdamSchefter) March 14, 2018Mitchell has played four NFL seasons and has spent time with the Chicago Bears, Dallas Cowboys, and most recently the Kansas City Chiefs. He’s appeared in thirty games, starting eleven of those contests. In those games, he has a career total of five interceptions and seventy-four tackles.The 2017 season was by far the twenty-five year old’s best campaign in his young career. Mitchell played in a career-high fifteen games for Kansas City and started a career-high nine games. He also set career-highs in interceptions with four and tackles with forty-seven. It was a strong showing for Mitchell and he really elevated his game when called upon, hence the multi-year deal the Browns just inked him to.last_img read more