Founded in 1980, Drexel Morgan Capital Advisers has earned a reputation for serving clients with integrity, intelligence and independence. As an independent boutique, the firm takes a hands-on approach and acts decisively in making consistent recommendations. Drexel Morgan Capital Advisers’ expertise extends beyond traditional asset classes to include alternative investments, international developed and emerging markets and socially responsible investing. James L. McCabe, PhD, president, is responsible for investment strategy and research, portfolio structuring, asset allocation and manager selection. Mr. McCabe founded McCabe Capital Managers Ltd. in 1980. The firm joined Drexel Morgan & Co. in 2010 as a subsidiary and changed its name to Drexel Morgan Capital Advisers Inc. in 2012. Mr. McCabe serves on the firm’s investment committee and board of directors.
Founded in 1980, Drexel Morgan Capital Advisers has earned a reputation for serving clients with integrity, intelligence and independence. As an independent boutique, the firm takes a hands-on approach and acts decisively in making consistent recommendations. Drexel Morgan Capital Advisers’ expertise extends beyond traditional asset classes to include alternative investments, international developed and emerging markets and socially responsible investing. James L. McCabe, PhD, president, is responsible for investment strategy and research, portfolio structuring, asset allocation and manager selection. Mr. McCabe founded McCabe Capital Managers Ltd. in 1980. The firm joined Drexel Morgan & Co. in 2010 as a subsidiary and changed its name to Drexel Morgan Capital Advisers Inc. in 2012. Mr. McCabe serves on the firm’s investment committee and board of directors.
Can I make an impact without sacrificing investment performance?
Many acronyms and terms are associated with impact investing, including socially responsible investing (SRI); mission-related investing (MRI); and environmental, social and governance investing (ESG). While each has specific attributes, all address the desire to align one’s investments with a social cause or causes one believes in. In 2015 research by U.S. Trust, 85 percent of […]
How can I minimize the negative effects of my behavioral biases?
Research shows that individuals investing directly in stocks or in mutual funds tend to have substantially lower returns than do comparable equity indices or the funds themselves. This underperformance is attributable mainly to human behavioral biases, either cognitive or emotional, which have long been the focus of behavioral finance literature.1 Behavioral finance, which gained popularity […]
Is there a selective argument for hedge funds?
Hedge fund performance has suffered in recent years, so much so that some investors are losing interest in the sector. Certainly, it’s true that in most categories the estimated structural alphas of the overall hedge fund composites have diminished substantially; they even turned negative from 2004 through 2015. But is the harsh overall outlook on […]
Why do I need an investment policy statement?
One of the main components of investment management is an investment policy statement (IPS). It’s simple enough, yet often overlooked. The IPS serves as a strategic guide to the planning and implementation of an investment program.1 An IPS is a road map and reality check, yet many investors fail to establish one. When properly utilized […]
What do I need to know about hedge funds and “drawdown protection”?
Over the years, we have been presented many reasons for investing in hedge funds. Since 2008, the most common rationale has been “drawdown protection.” While seemingly an admirable goal, drawdown protection is poorly defined and many investors don’t realize that their expectations won’t be met during all periods of market volatility. Investors should consider drawdown […]
