We recently wrote to the U.S. Department of Labor regarding the rights of shareholders and their ability to proxy vote. You can read what was sent below: — Attention: Proxy Voting and Shareholder Rights NPRM Office of Regulations and Interpretations Employee Benefits Security Administration Room N-5655 U.S. Department of Labor 200 Constitution Avenue NW Washington,…
Re: Financial Factors in Selecting Plan Investments Proposed Regulation (RIN 1210-AB95) Dear Director Canary: Riverwater Partners LLC is an independent, employee-owned, registered investment advisory firm based in Milwaukee, Wisconsin, serving families, nonprofits, and institutions. We invest in superior businesses with exceptional management teams, attractive valuations, and a focus on social responsibility and sustainability. As fiduciaries…
THE “NEW” NEW NORMAL There are many superlatives to choose from to describe last quarter’s rally. This winter saw the quickest pivot to a bear market in history, followed by an equally rapid rebound in the spring. In fact, we just experienced the strongest 100-day rally since 1933.[1] After the market bottomed on March 23rd,…
June 11, 2020 Worldwide protests over the past weeks spurred by the killing of George Floyd have brought our society to what we can only hope is a tipping point. We recognize that the effects of racial inequalities are pervasive and profound. In addition to unjust and unnecessary violence, disproportionately devastating realities in the Black…
Some investing styles, such as value investing, have proven themselves useful over the course of many decades. By contrast, investing fads are short-lived. They look promising in a particular market context but fade away as the world changes. Examples of such fads include day trading, house flipping, and, in our view, Bitcoin and liquid alternative…
The Arrival of COVID-19 We hope that you, your family, and loved ones are holding up and doing well in these unprecedented times. There is no need to explain in detail what happened to the markets during the first quarter; we are all too familiar with the declines. That said, it was the worst quarter…
