Latest news with #BessemerTrust
CNBC
11-08-2025
- Business
- CNBC
Quality is where to diversify outside of tech, says Bessemer's Jeff Mills
Jeff Mills, Bessemer Trust CIO, joins 'The Exchange' to discuss the divergence of the 'Mag 7' opportunities outside of Big tech and portfolio diversification.
Axios
01-08-2025
- Business
- Axios
Wall Street still bullish as stocks slide on weak jobs data
Stocks are sinking and the VIX, a measure of volatility, is spiking, off the back of weak jobs data and new tariffs. Yet Wall Street is still bullish. Why it matters: Strategists who spoke with Axios believe the long-term upside for the stock market outweighs any near-term weakness and suggest buying dips, especially in tech. What they're saying:"The April tariff-driven pullback serves as a reminder to avoid overreacting," Keith Lerner, co-chief investment officer and chief market strategist at Truist, wrote in a note to clients. "The dominant bull market theme – artificial intelligence and technology – remains intact, with earnings in those sectors still strong," he added. The pullback comes amid increasing calls that valuations are stretched and stocks have gotten overvalued. Driving the news: The market is capping off the week with two major headwinds. A weaker-than-expected jobs report coupled with eye-popping revisions indicate cracks in the labor market, to say the least. The Trump administration released a new slate of tariffs on dozens of nations. Stocks were already down. Then the labor data crossed. Zoom out: It's not just the labor market and tariffs plaguing investors – it's also the time of year. August and September are seasonally weak months for financial markets. That choppiness was overwhelmingly anticipated by Wall Street. Yes, but: This "soft patch" will not derail the bull market, thanks to a slew of catalysts, says Jeff Mills, chief investment officer at Bessemer Trust. "We're on the precipice of a fairly large boom in capital spending," he says. Capex is still expanding especially amongst the AI names, which could fuel further economic growth and earnings growth. The intrigue: Despite the selloff, large-cap tech may still offer safety as these stocks lead in earnings growth, free cash flow, and are "insulated" from typical business cycle swings, Mills tells Axios. "When there's a drought, people will pay more for water and when growth slows, people pay more for growth, and [tech] is where the growth is," he notes. Amid the risk-off trade Friday, the Magnificent 7 names were all under pressure even after a record breaking week of earnings from four members of the group. The bottom line: Remember that volatility is part of the game for investing.
Yahoo
28-05-2025
- Business
- Yahoo
Northern Trust Asset Management Appoints Chief Investment Strategists
CHICAGO & LONDON, May 28, 2025--(BUSINESS WIRE)--Northern Trust Asset Management, a leading global investment management firm with US$1.3 trillion in assets under management as of March 31, 2025, has appointed Gary Paulin as chief investment strategist, International and Joseph Tanious as chief investment strategist, North America. Paulin and Tanious will work with Northern Trust Asset Management's investment team in equities, fixed income, multi asset, and alternatives to build its economic and markets views. The strategists, in collaboration with investment leaders and experts across the company, will also develop joint research to advance the investment team's views of new instruments and areas of market developments such as thematics, use of public/private assets, digital assets, and use of alternative vehicles such as active ETFs and model portfolios. They will work closely in implementing insights across Northern Trust's global institutional, family office, and wealth client groups. Paulin and Tanious will communicate the firm's investment outlook across asset classes, while producing analysis and thought leadership for the broader marketplace. Paulin and Tanious both report to global co-chief investment officers Michael Hunstad and Chris Roth. "Gary and Joseph have deep capital markets expertise and a keen understanding of the trends shaping global markets. Their expertise will be invaluable as we support our clients through changing market environments and evolving risk profiles," Roth said. "As we continue to grow our global business, Gary and Joseph will help deliver meaningful investment insights and innovative solutions to clients around the world. In collaboration with our global investment teams, Gary will contribute to our growth across Europe, Middle East, Africa (EMEA) and Asia-Pacific (APAC) and Joseph will bolster our strong North America presence," Hunstad said. Gary Paulin Paulin has spent nine years with Northern Trust, most recently as head of international enterprise client solutions. He joined the firm in 2016 following the acquisition of Aviate Global LLP, where he was co-founder. He has more than 25 years of experience in senior-level investment research, business creation, asset management, capital markets and asset servicing roles. Paulin has a law degree from Victoria University, New Zealand and a master's degree in social and political science from Cambridge University in the UK. He is a registered representative with the FCA and FINRA and holds Series 17 and 63 licenses. Joseph Tanious Tanious joins Northern Trust from Bessemer Trust, where he was most recently a managing director and head of portfolio strategy and construction. At Bessemer Trust, he led the Asset Allocation Committee, was a member of the Investment Policy and Strategy Committee and oversaw US$200 billion in assets under supervision. With 25 years of experience, he was previously a global market strategist at J.P. Morgan and institutional sales professional at Wells Fargo Asset Management. Tanious has an MBA from Columbia Business School, is a CFA® charterholder and holds FINRA Series 7, 24, 63, and 65 licenses. About Northern Trust Asset Management Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments in efforts to realize their long-term objectives. Entrusted with $1.3 trillion in assets under management as of March 31, 2025, we understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy. That's why we combine robust capital markets research, expert portfolio construction and comprehensive risk management in an effort to craft innovative and efficient solutions that seek to deliver targeted investment outcomes. As engaged contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect and transparency. Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc., 50 South Capital Advisors, LLC, Northern Trust Asset Management Australia Pty Ltd, and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2025, Northern Trust had assets under custody/administration of US$16.9 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn. Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at View source version on Contacts Media Contacts: media_relations@ Camilla Greene+44 (0) 207 982 Simon Ansell+44 (0) 207 982 1016Simon_Ansell@
