Yearly Archives: 2011

Athena Perspectives – December 2011

Posted on December 9, 2011 by Andrew

The Market Barometer remains normal. US equity markets did little in November with the S&P 500 posting a -0.2% loss while the MSCI EAFE Index saw a larger decrease of -4.9%. Average US active equity fund returns underperformed slightly while … Continue reading →

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The Volatility Trap: Why Staying the Course Makes Sense

Posted on December 9, 2011 by Andrew

Those who let emotions drive their investment decisions missed out on the October market surge, the largest monthly stock market return in 20 years. These investors have unwittingly fallen prey to the ‘Volatility Trap,’ failing to recognize – as our … Continue reading →

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Athena Perspectives – November 2011

Posted on November 15, 2011 by Andrew

The Market Barometer remains normal. Broad equity markets strongly rebounded with the S&P 500 posting a 10.9% return while the MSCI EAFE Index saw an increase of 9.6% in October. Average US active equity fund returns were 12.1% and International … Continue reading →

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Howard Presents at Colorado FPA, Endowment Forum

Posted on October 12, 2011 by Andrew

Tom Howard, PhD  spoke about “Capturing Alpha” at the FPA® of Colorado 2011 Financial Planning Symposium in Denver, CO. Selecting active equity mutual funds using past performance and style boxes doesn’t work. Professor Howard reviewed the shortcomings of these criteria … Continue reading →

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Athena Perspectives – October 2011

Posted on October 12, 2011 by Andrew

The Market Barometer remains normal. Broad markets declined significantly in September, with US markets down 7.0% and International markets down 9.5%. Average US active equity fund returns were -9.0% and International active equity funds were -11.7% for September, both underperforming … Continue reading →

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