Insights

Hilton’s Tactical Income Strategy demonstrated resilience and efficacy throughout 2024, navigating a complex market landscape characterized by rapidly changing narratives. The year was defined by a compelling dichotomy: the continued dominance of the “Magnificent 7” tech giants versus an emerging tr...

2024 provided investors with no shortage of ups and downs, beginning with a strong rally but ending with a whimper. Despite the subdued finish, it was a profitable year overall, with most equity market indices delivering healthy gains. The small- and mid-cap (smid) space posted solid returns, though...

After an extended period of subdued merger and acquisition (M&A) activity—largely driven by higher interest rates, persistent inflation, and increased regulatory scrutiny—recent signs suggest that deal-making could be poised for a meaningful rebound in 2025.

In a market heavily dominated by the "Magnificent Seven" tech giants, the small and mid-cap sector may hold the key to new opportunities for investors. Tom Maher, Hilton’s Small & Mid Cap Opportunities portfolio manager, highlights the potential of this often-overlooked asset class in a video discus...

In our prior quarterly letter, we expressed concerns regarding the alarmingly narrow market breadth, heavily influenced by a select group of mega-cap technology companies. However, the third quarter has ushered in a notable shift, highlighted by increased market participation across various sectors....

The third quarter of 2024 marked a significant shift from the previous quarter, characterized most notably by a broadening market participation across sectors. Within a span of just three months, the market's narrative shifted dramatically. The focus pivoted from a prevailing trend of disinflation, ...