RESEARCH & THOUGHT PIECES FROM OUR TEAM

Every baseball fan knows the closer has the strangest job on the roster. They are not asked to hit home runs, and they are rarely asked to pitch more than one inning. Their entire purpose is to take a lead that someone else built and carry it safely across the finish line. When the home team brings ...

Every second, the United States government owes another $92,000. That is approximately $5.5 million a minute and $331 million an hour, running without pause whether markets are open or closed — and it is how the national debt came to cross $40 trillion this month.1 With numbers this large, it become...

As the markets cross into the second half of 2026, the contrast between MAP’s global value strategies and the mainstream benchmarks has rarely been starker. In this Thought Piece, we expand on the structural distortion in the markets discussed in MAP Views Third Quarter that we believe represents bo...

True baseball fans know that a batting average only tells part of the story. A hitter who goes 1-for-4 every single game and a hitter who goes 0-for-12 for three games and then collects four hits in one afternoon can end a month with the same average. But their respective teams — and their managers ...

Since its founding in late 2000, MAP has remained focused on delivering superior risk-adjusted returns while providing exceptional client service. Over the years, MAP has been recognized by third-party investment databases such as Informa Financial Intelligence’s PSN and Lipper’s Broadridge for its ...

In the world of stock market investing, there is a belief that when a company reveals one negative surprise, investors assume more problems are likely hiding beneath the surface—just like seeing one cockroach suggests there are many more you cannot see yet.

We believe the cockroach theory is unfold...

What truly defines a value stock manager?

According to Merriam-Webster, value is defined as the monetary worth of something, a fair return in exchange, or its relative importance, utility, and desirability.

Nasdaq defines a value manager as one who seeks to buy stocks that are at a discount to the...

In December, we published a press release detailing the Lipper Broadridge - Best Managers rankings for our U.S. Multi-Cap Value strategy. Since publication, we have received several questions asking how we achieved this recognition and what our ‘secret’ is. With this in mind, we decided to publish t...

Many years ago, MAP’s President & Chief Investment Officer Michael Dzialo’s mentor would always say to him: “money goes where it’s respected.” We are seeing this play out in today’s markets in several ways. Citizens of high tax jurisdictions such as New York and Illinois are moving to states with ...

Since the turn of the 20th Century, there has been no shortage of global war and conflict for the markets to navigate. With summer approaching, rather than facing the heat of the sun, the markets face the heat of yet another conflict. So far cooler heads have prevailed as the headline risk of the Is...

The last 25 years in the markets have been nothing short of historic. Expansions and contractions, global conflicts, and rapid changes in technology and legislation have reshaped the financial landscape. From the dot-com bubble, the September 11 attacks, the Great Financial Crisis (GFC), and the COV...

For years, the Investment Team has cautioned against the allure of China’s vast market. Recent developments have only reinforced our stance. Despite possessing the world’s second largest economy and population, China remains a minefield for foreign investors, plagued by a lack of transparency, gover...