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Market Insights

Investment Strategy

 
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Access the most recent market commentaries from our experts.

 
  • May 2015

    Illuminating Hedge Fund Returns to Improve Portfolio Construction
    The Journal of Portfolio Management features Director of Portfolio Research Peter Mladina's recent paper which illuminates the risk and return drivers of broad strategies of hedge funds, from the opportunity-cost perspective of investors who own traditional assets.
 
  • Yearnings for Earnings

    U.S. corporate earnings look set to fall into recession, defined as two consecutive quarters of year over year declines. Should investors be concerned about future returns in the stock market?
  • Detecting True Alpha in Highly Competitive Markets

    True alpha is rare in public equity, but combining robust alphas with selectivity may help identify skilled managers.
  • The U.S. Dollar: Is Strength a Weakness?

    The U.S. dollar has seen strong upward moves in the past 9 months. What would continued dollar strength mean for economic growth, earnings and asset class performance?
  • January 2015

    Tax efficient Wealth Management
    It pays to be tax-efficient while pursuing an optimal investment strategy. Director of Portfolio Research Peter Mladina outlines 5 principles in his recent commentary.
  • December 16, 2014

    2015 Outlook: Watching Our Overweights
    How has the strong dollar impacted Northern Trust’s strategic themes and tactical positioning? Jim McDonald reviews this and other economic and financial market developments affecting fixed income, equities and real assets as we head into 2015.
  • November 11, 2014

    Mood Swings
    After remaining relatively quiet for the past two years, we saw an outburst of market volatility in October. What factors are now driving volatility -- and what can they tell us about future returns?
  • October 2014

    Get Invested - Overcoming the Fear of Market Entry
  • August 26, 2014

    What to Expect When You're Expecting ... A Rate Hike
    How will the eventual rise in interest rates affect financial market assets? Jim McDonald looks to current fundamentals and historical precedent.
  • July 2014

    Five-Year Outlook: 2014 Edition
  • July 2014

    Lifetime Funding with Horizon Risk
  • May 2, 2014

    Will Wage Gains End The Party
    Wages are on the rise for a broad swath of American workers; but is that good for stock markets? Answer: As long as they are earning their wage increases. Find out more in Jim McDonald's latest strategy piece.
  • April 2014

    Illuminating the Returns of Elite Investors
  • March 7, 2014

    Volatility Happens
    After being on cruise control for most of 2013, risk assets hit turbulence in the first part of 2014. Volatility is a fact of risk markets, but what can investors do about it? Northern Trust’s Chief Investment Strategist, Jim McDonald, encourages investors to focus less on volatility protection and instead focus on understanding their volatility sensitivity in his latest report, Volatility Happens.
  • March 2014

    The Myth of Holding to Maturity: Bond Fund vs. Individual Bond
  • February 6, 2014

    Gut Check
    Through the first month of 2014, markets have shown heightened volatility and negative returns. Is this just a healthy correction or something more? Jim McDonald, Chief Investment Strategist, provides Northern Trust's thoughts in Gut Check.
  • January 2014

    Go Global and Diversify
  • December 19, 2013

    Less of a Drag
    Those investors who took on risk in 2013 were rewarded - especially in developed markets. But, with valuations slightly above longer-term medians, fundamentals will need to play a bigger role in 2014. Northern Trust believes they will, especially as governments' impact on growth becomes Less of a Drag.
  • November 25, 2013

    A Lot of Bull
  • November 8, 2013

    2013 Strategic Asset Allocation Update
  • November 2013

    Engineered Beta - The Benefits of Diversified Factor Investing Strategy

Katie Nixon on CNBC Power Lunch

 
Katie Nixon

Wealth Management Chief Investment Officer joins CNBC’s Tyler Mathisen on Power Lunch to discuss the expected recovery of the US economy given the weak first quarter and the merits of both active and passive strategies.

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Hear From Our Experts

Hear From Our Experts

Our experts offer perspectives for navigating the current financial landscape.
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Related Pages

 
View the biographies of Bob Browne, Jim McDonald and Katherine Ellis Nixon.
 
Bob Browne, CFA

Bob Browne, CFA

Chief Investment Officer
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Bob Browne, CFA

Bob Browne, CFA

Chief Investment Officer
 

Bob Browne is an Executive Vice President and Chief Investment Officer for Northern Trust. He is a member of Northern Trust's Operating Group, reporting directly to the Management Group.

Bob chairs the firm’s Investment Policy Committee, which sets investment policy for all Northern Trust groups in all asset classes. He is responsible for investment performance, process and philosophy across multiple investment strategies including fixed income, active equity and passive investments. Bob joined Northern Trust in January 2009 and has more than 20 years of investment experience.

From 2004 until 2009, Bob worked for ING Investment Management and was the firm’s Chief Investment Officer for Fixed Income and Proprietary Investments. In this capacity, he oversaw $120 billion in assets under management across retail and institutional clients, as well as the firm’s own insurance assets. From 2002 to 2004, Bob was founder and Managing Partner of Picador Capital, an alternative investment firm. From 1999 to 2001, he was Co-Head of Americas Fixed Income for Merrill Lynch Investments and he also worked in the firm’s London office from 1997 to 1999 as a senior portfolio manager. Bob spent the first eight years of his career, from 1989 until 1997, at JP Morgan Investment working as a global fixed income and currency portfolio manager in the firm’s Tokyo and London offices.

Bob holds a B.A. with a major in economics from the College of the Holy Cross. He also has a Masters in international business studies from the University of South Carolina. Bob is a holder of the right to use the Chartered Financial Analyst® designation.

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Jim McDonald

Jim McDonald

Chief Investment Strategist
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Jim McDonald

Jim McDonald

Chief Investment Strategist
 

Jim McDonald is an Executive Vice President and the Chief Investment Strategist for Northern Trust. In addition, he chairs the Northern Trust Tactical Asset Allocation Committee, is a member of the Investment Policy and Private Equity Investment Committees, and is trustee of the Northern Trust Alpha Strategies and Equity Long/Short Strategies Hedge Funds.

Prior to joining Northern Trust in 2001 as the Director of Equity Research, Jim was Director of Equity Research at ABN AMRO in New York and Chicago (1994-2000) and Equity Research Analyst at ABN AMRO following the Environmental Services Industry (1990-1994). He started his professional career in 1981 with Arthur Andersen & Co. in Detroit.

McDonald received a BBA from the University of Michigan and an MBA degree with high distinction from Babson College. He is a member of the CFA® Society of Chicago and a registered CPA in the State of Michigan.

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Katie Nixon, CFA, CIMA, CPWA

Katie Nixon, CFA, CIMA, CPWA

Chief Investment Officer, Wealth Management
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Katie Nixon, CFA, CIMA, CPWA

Katie Nixon, CFA, CIMA, CPWA

Chief Investment Officer, Wealth Management
 
Katherine is the Chief Investment Officer for the Wealth Management business at Northern Trust. In that capacity, Katie leads the national investment management practice for Northern Trust’s Wealth Management business from the firm’s Chicago headquarters. Her responsibilities include investment policy development with a particular focus on portfolio construction and implementation. She also directs the investment management activities of over 200 Northern Trust portfolio managers across the firm’s 79-office Wealth Management franchise. Katie sits on the Firm’s Investment Policy Committee and Tactical Asset Allocation Committee, and she chairs the Wealth Management Investment Advisory Committee.

Prior to joining Northern Trust, Ms. Nixon worked at U.S. Trust Company for eighteen years in several investment related capacities, including Managing Director and Division Manager in the Wealth Management Division in New York, overseeing a group of portfolio managers and client service officers with total combined assets under management in excess of $7 Billion. Ms. Nixon also served on US Trust's Portfolio Policy Committee as well as the Private Equity Investment Committee.

Katherine received her B.A. from Wellesley College and her M.B.A. in Finance from New York University, Stern School of Business where she graduated with distinction, Beta Gamma Sigma, and was a Stern Scholar. She has received the designations of both Certified Investment Management Analyst (CIMA® ) and Certified Private Wealth Advisor ( CPWA®) from the Investment Management Consultants Association. Further, she has been awarded the Chartered Financial Analyst (CFA) designation, and is also a member of the New York Society of Security Analysts and the Investment Management Consultants Association (IMCA).
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