Driehaus Capital Management is an independent boutique investment adviser managing long-only equity and multi-asset alternative strategies.
of institutional investment experience, founded in 1982 by renowned investor Richard H. Driehaus.
While global macroeconomic data and indicators remained choppy through much of the fourth quarter, the period was marked by an easing of trade war risks and liquidity conditions, first hesitantly then more decisively.
What a difference a year makes! A year ago, in the December quarter of 2018, equities were in a near free fall. The average US stock was in a cyclical bear market, as the market was convinced the Federal Reserve was hiking too aggressively and was making a major policy mistake. One year later the policy backdrop has brightened considerably.