Longfellow Investment Management

On Wednesday, November 20, Longfellow is sponsoring CFA Society Boston's Sustainable Investing Half-Day Conference. The event will explore the latest research and trends in the field of transition finance including panel discussions on macroeconomic influences of the energy transition, emerging regulations, and implementing transition finance in the investment process. We hope to see you there! Registration page: https://lnkd.in/eh2KsjKx

The Federal Open Market Committee (FOMC) met today to assess the state of the U.S. economy and monetary policy. Following up on its 50-bps rate cut in September, the FOMC lowered the Federal Funds Target Rate by 25 bps to 4.50-4.75%, matching market expectations. Inflation data has slowly progressed to the Fed’s 2% target but remains somewhat elevated, especially in the services sector. Employment remains firm, despite hurricane and labor strike impacts. The totality of the data signals a mixed picture, and the Fed continued its well telegraphed easing cycle. The pace and magnitude of future adjustments remains data-dependent and is subject to change meeting to meeting. Please follow the link to request the full commentary: https://lnkd.in/e8iSRnmy

Thank you Kaanji Irby, Esq. for joining us virtually yesterday afternoon to discuss “the business case for IDEA.” We enjoyed the discussion on the financial link between diversity and business outcomes and the ways in which LIM employees can positively contribute to our cultural equity. At LIM, we strive to preserve a collaborative environment enriched by the diverse backgrounds and perspectives of our employees. This starts internally, with our hiring practices and our organizational structure, and extends externally to our role in the industry and the community. All employees are encouraged to participate in volunteer opportunities as part of the annual IDEA goal. Supporting IDEA is very important to the firm as it is a critical component in driving meaningful and lasting change in our industry. We understand this is a journey and not a destination. #Inclusion #Diversity #Equity #Access

October?2024 Market Review and?Thoughts on Trump 2.0 Strong economic data released in October saw U.S. Treasury yields rise sharply across the curve, breaking a five-month streak of falling rates. Inflation data was higher than expected with services inflation, particularly shelter, remaining persistently high. Other economic data also pointed to enduring growth and a healthy consumer, casting doubt on the magnitude and urgency of a needed Fed easing. Also included with this month’s market review is LIM’s thoughts on the potential effects of the election on financial markets. Although former President Trump has already served one term, some policies and actions remain uncertain going into a second term. Based on speeches and interviews, we have tried to briefly summarize a few key policy elements likely to occur, and some market responses, but expect improved clarity and greater details as personnel and policy details emerge in the coming weeks and months. Please follow the links below to request these pieces: Market Review - https://lnkd.in/gJh5TsCX Thoughts on Trump 2.0 - https://lnkd.in/g4GTSEa6

Thank you to The Women's Edge and Boston Globe Media for again recognizing Barbara J. McKenna and Longfellow Investment Management as one of the Top 100 Women-Led Businesses in MA. Congratulations to all the honorees who collectively represent $124.5 billion in revenue and employ over 867,000 employees worldwide. Also, congratulations to the inaugural IMPACT award winners, especially to LIM board member Nicole Obi and to Christina Gordon. What an energizing event with inspiring comments from Linda Henry, Lt. Governor Kim Driscoll, and keynote insights from Debbie Lovich. Much appreciation to Elizabeth Hailer and Pam Reeve for their tireless work at in promoting women leadership and hosting today’s event.?See the full list at https://lnkd.in/eZ8zdYZ2 #economicgrowth #womeninbusiness #womenentrepreneurs

October 2024 Sustainable Investment Update Earlier this year, President Biden paused approvals of new liquefied natural gas (LNG) export developments as the administration sought to better understand the related economic and environmental impacts. Since then, conflicting findings have been published, leading to more questions about whether LNG can be a reliable transition fuel to support decarbonization. This month, we also explore the persistent headwinds to reducing global food insecurity and driving increased electric vehicle adoption. Please follow the link below to request this month’s sustainable investment update: https://lnkd.in/eQjuSr2R

As an employee-owned company, at LIM we understand the challenges as well as the independence and wealth generating opportunities for entrepreneurs. That is just one reason why we partner with Black Economic Council of Massachusetts, Inc. to support the important work they do. The 6th Annual Mass Black Expo “Building Black Wealth” was a great success, showcasing Black businesses and providing thought provoking and informative sessions and workshops, as well as an opportunity to connect and have fun!?Congratulations to the BECMA team, Nicole Obi, and all who participated. If you would like to learn more or support these efforts check out https://lnkd.in/efGcefbE. Thank you to our employees Karen Gemmett, Kevin Chisholm, Connor Gleim, and Sarah Scranton, CFA for volunteering to help set up for the event and after party. They were extremely impressed with the whole BECMA team – the coordination and organization needed around such a large event is extraordinary. #BECMA #MassBlackExpo #MBE2024 #Entrepreneur #BuildingBlackWealth

Congratulations to Evania Santiano for passing the Level III CFA exam. We are extremely proud of her hard work and dedication. Please help us in congratulating her for this amazing achievement!

Thank you, to Spider Marks, Suzanne Dugan, and John Gifford from Academy Securities, for coming into our office yesterday to share their thoughts on the current geopolitical landscape. We had a great discussion on numerous events and issues and how markets may be affected by different outcomes.

Event-Driven Update Q3 2024 Global M&A activity increased 19% year over year in 2024 and has been primarily North America and Europe focused. Collectively, these geographic segments have accounted for 75% of total deal volume year to date. SPAC IPO issuance so far has surpassed 2023 with 34 SPAC IPOs raising $5.8bn. Please follow the link below to request this month’s update: https://lnkd.in/eBii-cJ6