‘Golden era’ of equity investing ending, warns Talaria boss
Investors are sleepwalking into concentration risk due to over-exposure to a single counter-party, sector or geographic region, as well as hugging the indexes instead of diversifying.
Global equity markets are at the “end of a golden era” driven by abundant cash and rising asset prices and the start of a renewed focus on price discipline and earnings quality, according to Jamie Mead (pictured), chief executive of Melbourne-based Talaria Asset Management, which has about $2.8 billion under management.
Talaria, whose primary focus in on fundamental company value rather than top-down analysis, says its “playbook” targets shorter duration assets less vulnerable to rising rates, companies with strong balance sheets that are more…
