Our strategy increased 2.3 percent (gross of fees) this quarter, exceeding the MSCI EAFE Small Cap Index, which decreased 11.0 percent. Year to date, we are -50.9 percent, versus -33.3 percent for the benchmark.
After a frantic sell off in the first half of the year, the third quarter began with a breather. Almost two months of meaningful stock gains were propelled by the market’s reasonable confidence that central banks around the world could defeat inflation and normalize two decades of extraordinarily low interest rates without sparking a recession.
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Founded in 1984, Pinnacle Associates, Ltd. is a forward thinking, multi-billion dollar investment advisory firm focused on transparency and putting clients first. We provide advice to individuals and families, institutional investors and other financial institutions.
New York, NY Office
286 Madison Avenue 20th Floor New York, NY 10017 Phone: (212) 652-3200 Toll Free: (800) 445-0512