Overland Park investment manager rolls out a highly rated small cap equity strategy for institutional and high net worth investors.

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After several years of managing two small cap equity strategies using internal corporate funds, Meritage is opening up these strategies to institutional and larger private client opportunities.  The offering includes Small Cap Value and Small Cap Growth.

Strong economic and corporate fundamentals fell into place in the third quarter, triggering an impressive rally in stock prices. Annualized GDP growth exceeded 4% and corporate earnings (abetted by tax reform) grew over 20% for a second consecutive quarter. Markets also took a more measured view of the trade concerns, in spite of an escalation in tariffs. By quarter’s end, most major stock indices had registered new all-time highs.

“Artificial Intelligence is the electricity of the 21st century.” Andrew Ng, Stanford University “We want Google to be the third half of your brain.” Sergey Brin, Alphabet President

Introduction

The revolution is upon us. The rapid growth of artificial intelligence, blockchain, cryptocurrencies, and quantum computing will deliver lasting and irreversible change to the global markets. These technologies not only affect existing products and services and give rise to new innovations, but also – and arguably more importantly – have the power to fundamentally alter the way our institutions function. Enterprises, military, and schools will have to navigate and adapt to the changing landscape to grow and remain competitive. Jobs face their own set of opportunities and challenges. We believe certain conditions exist today that will drive the the accelerated development and use of these technologies. And in an environment poised for further growth, we expect to see enormous change.

The Growth Equity strategy from Meritage Portfolio Management was awarded the “Top Guns U.S. Equity Universe” ranking within the Informa Investment Solutions (IIS) PSN manager ranking database. This well-respected quarterly ranking is widely used by institutional asset managers and investors. PSN is the longest-running investment manager...

Broad equity markets posted positive returns in the second calendar quarter, rebounding from the modest declines of Q1. While the news flow regarding continued economic growth and strong corporate earnings was generally positive, the market struggled for direction amidst longer-term uncertainties regarding the duration of the current economic cycle. As we discussed in our note last quarter, this is consistent with a market in transition, as the outlook for better growth also signals the latter stage of an economic cycle that now exceeds nine years.

Since we last distributed a special commentary on general market conditions (MARKET PERSPECTIVE, FEB 6, 2018), stocks have rebounded from lows established on February 8, recovering most of the 10% decline. Thankfully, what we experienced then was an overdue, “normal” market correction, not the beginning...

“Every company today is a technology company – they are either in the technology business or they are becoming more dependent on technology to help run their business.” Len Mitchell, Meritage Sr. Portfolio Manager The advancement in technological capabilities over the past ten years has been...

The Growth Equity strategy from Meritage Portfolio Management was awarded the “Top Guns Large Cap Universe” within the Informa Investment Solutions (IIS) PSN manager ranking database. This well-respected quarterly ranking is widely used by institutional asset managers and investors. PSN is the longest-running investment manager database...

It was the third quarter of 2015 that stocks last turned in negative returns, triggered by recession fears and collapsing oil prices. While this quarter’s market decline of 1% - 2% came amidst stronger economic trends and positive earnings news, the modest loss masks a 10% correction from the January highs.