This $1 billion top advisor says 2020 will be a good year for active managers:
Louise Lane’s first foray into investing came well before she was old enough to drive a car. In fifth grade, Lane won a stock-picking contest when she selected cosmetics company Chesebrough-Ponds. She went on to invest in SearsEventually, she started a career in the financial services industry at now defunct brokerage EF Hutton. The lone female in a class of 63 trainees, Lane won another contest—a cold-calling contest.
Lane spends much of her day analyzing every bit of information she can get her hands on by talking to her own industry contacts and examining her firm’s analyst research. Lane takes advantage of her proximity to the firm’s research departments by scheduling one-on-one meetings with analysts there. She also uses third-party research and examines analysts’ track records, performance and rankings historically.
“This may be a year where the U.S. markets don’t outperform by so much. I think 2020 will have more volatility, which calls for more defense. People had a great year last year and want it again, but I don’t know if they will get it,” Lane says.
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