2024 Market Update with Clark Capital Management
Let me provide you with this back story and a link https://www.ccmg.com/investor-market-update-january-2024/.?Since the firm does not advertise, you may have yet to hear of Clark Capital Management Group . My friend and Executive Chairman, Harry Clark, CFP, founded the company in 1986. The Clark Capital Team includes Harry's sons, Brendon Clark, CFA, Chief Executive Officer, and K. Sean Clark, CFA, EVP, Chief Investment Officer. We were very impressed with the company's work in the early 2000s but decided not to add the firm to clients' portfolios because we believed the expenses were too high. We were inspired to kick the tires again after the Dot-Com bubble of 1999-2000. We were pleasantly surprised to be reminded that sometimes you get to pay more to have more. Unlike passive investment firms, Clark Management didn't routinely leave investors with their assets on the Titanic. Instead of moving the deck chairs from one stock to another or one bond for another, they moved assets from risk to money market accounts or cash. Investors with Clark Capital held up better than the overall market and the popular no-load mutual funds.
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Over the past 23 years, the firm has reduced its cost structure to clients and continued to do above-average work for the benefit of our clients. Daniel and I enjoyed getting to know and work with Glenn Dorsey, CFA, CAIA, at his prior firm, Curian Capital, before he became Senior Vice President and Head of Client Portfolio Management for Clark Capital. Here is a link to join a client workshop where Glenn led an investor market outlook webinar in mid-January 2024. We are encouraging Clark Capital to host investor market outlooks quarterly.
200 N. Westlake Blvd., Suite 109
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Westlake Village, California 91362-3783
805.495.2077?? 800.266.2077?? 888.WHY.BEPOOR
Fax: 805.497.8342
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