Archives of ALL POSTS

Blockchain, Distributed Systems and AI in the Shared Economy 2019

It has been a year since we started writing about what blockchain means for the future economy and our technology investments. One of my more memorable moments of 2018 was hearing UC Berkeley professor Dr. Dawn Song say: “Blockchain frees AI, and AI can help blockchain reach its full potential.” When we think about how […]

4Q:2018 Quarterly Update – Investor Worries Overwhelmed Fundamentals

MARKETS AND PERFORMANCE Investor worries overwhelmed fundamentals. A combination of worrisome factors—any one or two of which would normally be sufficient—drove stocks downward during the fourth quarter. The US trade war with China persisted. Global economic growth decelerated, particularly in China, sparking fears of corporate earnings declines, supply chain disruption and, potentially, a US recession. […]

4Q 2018 US Small Cap Bear Market Creates Opportunity

The Russell 2000 Index fell -27% in 4Q 2018 with more than 2 out of 3 stocks falling over 20%, in bear market territory.  This pullback resulted in the Russell 2000 Index dropping -11.1% for 2018, the fourth worst year since the inception of the Russell 2000 Index in 1979. Historically, strong performance for small […]

Nicholas Investment Partners Launches Small Cap Growth Mutual Fund Based on Its Institutional US Small Cap Strategy

RANCHO SANTA FE, Ca January 16, 2019 — Nicholas Investment Partners, L.P. (“Nicholas Partners”), announced today the launch of its first no load mutual fund, the Nicholas Partners Small Cap Growth Fund (NPSGX, NPSYX), with $40 million in partner assets. The majority women-owned firm currently manages over $393m in small-cap growth assets for institutional investors, […]

Is the Leveraged Loan Market a Signal?

As investors in equity and credit securities, we watch the credit markets closely as credit risk premia affect equity returns. The leveraged loan market has grown in significance as issuance has increased over the last few years—and their prices have fallen dramatically since mid-November. We believe that quality matters in this environment, so investors should […]

Uncertainty Leads to Volatility

INVESTOR WORRIES DRIVING MARKET VOLATILITY Fed concerns Trade wars Decelerating global growth China’s economic deceleration Falling oil prices Geopolitical instability Simmering debt bubbles OUR APPROACH:  STAYING FOCUSED ON THE LONG TERM What’s driving the current volatility? Rather than one or two factors like economic health or the direction of interest rates, investors are feeling uncertain about […]

Team NIC Laced up for Race for the Cure

Sunday, November 4, Nicholas Partners employees and friends walked in support of Breast Cancer Research in Balboa Park, just south of our Rancho Santa Fe, CA offices. Spearheaded by the firm’s Giving Back Committee, the team had a great time completing the picturesque 5K!

3Q:2018 Quarterly Update – Volatility Up, Yet Growth Persists

It was a strong quarter for equities. Stocks scaled a wall of worry in Q3, driven by a mix of renewed synchronized global economic growth, robust Q2 earnings growth and strong Q3 forecasts. Companies found innovative ways to compete and excel. Credit markets faced challenges. US Treasury yields rose across the curve, reflecting increases in […]

Catherine Nicholas, CIO and Portfolio Manager, featured on Asset TV’s Masterclass: Small Caps

On September 12, Catherine Nicholas, CIO and Portfolio Manager, joined host Gillian Kemmerer and three other small-cap managers to discuss some of the current and prospective drivers of small-cap stock performance. Video was sponsored by Nicholas.  The thoughts and opinions expressed in the video are solely those of the persons speaking as of September 12, […]

Team NIC Rolls Up Its Sleeves at Local Beach Clean Up

Nicholas Partners team members rise early on a Saturday morning to lend a hand at a local beach cleanup near Oceanside Pier—just north of our offices in Rancho Santa Fe, CA. Spearheaded by the firm’s Giving Back Committee, the team collected over 26.5 pounds of trash from the shoreline and nearby children’s park. “Living in […]