A new market paradigm requires a new mindset…
Is this the end of beta-driven markets in a more differentiated environment? Is it the return of Alpha that's going to be the story?
In an environment of higher inflation and interest rates, the cost of capital increases, and companies need to be efficient with capital allocation. Companies that will succeed are those who innovate, invest in their market share and have products with pricing power.
Taking advantage of this opportunity requires careful stock selection, and the idea of selectivity is critical. This is where the JOHCM & Regnan approach thrives.