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1Q:2019 Quarterly Update – Investors Cheered as the Fed Turned Dovish

MARKETS Investors cheered as the Fed turned dovish. Stocks enjoyed a vigorous turnaround in the first quarter after enduring painful performance and sinking sentiment in last year’s fourth quarter. Fed chairman Jerome Powell pivoted from endorsing further interest-rate hikes in December to proclaiming “patience” in January as the Fed’s new guiding principle for monetary policy. […]

Nicholas Hires Technology Research Specialist  

  RANCHO SANTA FE, CA, March 13, 2019 — Nicholas Investment Partners, L.P. (“Nicholas Partners”) is pleased to announce the addition of Monika Garg as Senior Research Analyst specializing in technology. Ms. Garg brings 9 years of research experience to her role plus over 10 years of industry experience as a semiconductor design and software engineer. […]

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. […]

Catherine Nicholas Shares Her Career and Investment Insights with Students at UCSD Rady School of Management

January 17, 2019.  The Masters in Finance Program at UCSD Rady School of Management hosts Catherine Nicholas, Managing Partner/CIO as guest speaker for the Master of Finance Professional Seminar series.  “Speaking at the Rady School of Management Professional series is a great platform to share my career insights with the next generation of industry leaders,” […]

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!