Quantitative managers became the best performing US strategy in March with a 4.1% return for the month. US Valuation remained the best performing equity strategy over the past year, gaining 13.6% but still lagging the S&P 500 by 0.4%. International Market Conditions remained the best one month strategy by posting a 1.9% gain in March while International Profitability posted the best one year return of 10.3%.

Download the Full Report: Athena Perspectives – April 2013

His presentation, Behavioral Portfolio Management, will examine the opportunity for investors and their advisors to earn superior returns by understanding the persistent and predictable human behaviors that drive equity markets. Contrary to the elegant notion of rational investors driving an efficient market, the emotional crowd dominates short term price movements. Active equity managers harness this phenomenon to the extent they remain uninfluenced by the emotional crowd and sustain their investment strategy with consistency and conviction. Dr. Howard will demonstrate how behavioral portfolio management is already nudging aside modern portfolio theory and the implications for this transition on investment management.

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Workshop #2 & 8: Behavioral Portfolio Management
Date:
Tuesday, April 30, 2013 – 9:30am to 10:30am
Speakers:
C. Howard
Session type:
Workshops
Conference:
IMCA Annual Conference
Stocks trade in a behavioral market where the emotional crowd plays a dominant role, allowing data-driven investors to earn superior returns. Advisors are caught in the middle of this dynamic, building portfolios that are at odds with the crowd and, at the same time, working with clients who are part of the crowd. To be successful, you must think behavioral market, while learning how to handle emotional clients. Dr. Howard will examine how investor behavior is largely anecdotal and emotionally driven, how to identify truly active equity mutual funds and understand the important characteristics of individual stock portfolios, and how the behavioral market already is nudging aside modern portfolio theory and the implications of this transition for investment management.

Valuation managers remained the best performing US strategy in February with a 1.0% return for the month. US Valuation is also the best performing equity strategy over the past year, gaining 11.5% but still lagging the S&P 500 by 2.0%. International Market Conditions was the best one month strategy by remaining flat in February while International Profitability posted the best one year return of 9.9%.

Download the Full Report: Athena Perspectives – March 2013

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1. Athena Growth Allocation Funds is a Separately Managed Account (SMA) offered by AthenaInvest Advisors LLC, an SEC Registered Investment Advisor.  The Athena Growth Allocation Funds portfolio was the best performing portfolio when ranked against the performance of all 675 mutual funds in the Athena Growth Allocation Sub-Category. Please refer to product disclosure for complete information.

PAST PERFORMANCE IS NO GUARANTEE OF FUTURE PERFORMANCE.

Valuation managers became the best performing US strategy in January with a 5.8% return for the month. US Future Growth, which dominated much of 2012, has fallen out of the top five performing strategies over the past year. International Social Considerations posted the best one month return of 4.4% in January while International Profitability posted the best one year return of 14.8%.

Download the Full Report:  Athena Perspectives – February 2013