Insights

We are pleased to announce the addition of Evan Carpenter, CFA®, as a portfolio manager/investment analyst on its Investment Team.

“Evan comes to us with a strong background in value investing and fundamental equity research.  We are delighted to welcome him to our team,” said Coho Co-Chief Investment Officer, Chris Leonard.  Evan will report to Chris and Peter Thompson, Co-Chief Investment Officer.  Peter added, “Evan’s background and experience will contribute significantly to both our research efforts and our ability to continue to service our clients at a high level…

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The first quarter of 2023 reminded us that the markets are nothing if not unpredictable. In the past three months we experienced the continuation of one of the fastest Fed Funds’ rate hikes in history, the second and third largest domestic bank failures, the forced sale of one of Europe’s largest banks, ongoing negative revisions to S&P earnings forecasts, no end in sight to the war in Ukraine, mass protests in France, Germany, and Israel, and reproachment between Saudi Arabia and Iran in a deal brokered by China…

It was well noted that Jay Powell and the Federal Reserve had a difficult task to achieve their dual mandate of “stable prices” and “maximum employment,” one that would likely see turbulence in achieving their goal. Sure enough, we felt this turbulence after two major U.S. banks failed along with a forced acquisition of an international banking staple in Credit Suisse to UBS. While the hope is for a “soft-landing” delivered by the Fed, with its drastic response to 40-year high inflation, something had to break…

The energy transition, which refers to the global shift from fossil forms of energy such as oil, natural gas, and coal, to renewable energy sources, will occur. The glide path, however, may be longer in duration than many expected just a few years ago. Geopolitical developments between Russia and the Ukraine have heightened awareness around energy security and while hydrocarbons will continue to be needed for many years, we believe hydrogen (H2) will play an increasing role in the energy transition and ultimately energy security…

Coho is pleased to announce an addition to its Investment Team, Tony Michalak, a portfolio manager/investment analyst. As the newest member of Coho’s Investment Team, Tony is focused on investment research and portfolio management. He has 14 years of experience in the financial industry…

After 23 years of dedicated service and commitment to Coho Partners, Lisa Moneymaker, Partner, Client Relations, is embarking on a well-earned and well-deserved retirement.  Lisa’s role and responsibilities have already begun to transition to our newest Client Relations Team member, Kelly Vaughan. We welcomed Kelly to Coho in November 2022 to focus on internal client servicing efforts at the firm…