Author: Madison

Rob Arnott – Manager, PIMCO All Asset Fund “We think deflation is unlikely.  True, demography (an aging labor force and a soaring roster of retirees) is deflationary, but any determined central banker can prevent deflation.  The lessons of the 1930s in the U.S. or the past...

Twenty five years ago, the impact of a strengthening U.S. Dollar would be fairly easy to determine. They would include the following positive and negative impacts: Positive Impacts: A stronger dollar is good for consumers and businesses that rely on imported goods, as it makes the...

  On behalf of the entire Madison team, we extend our best wishes to you and your family for a joyous holiday season and happy, healthy New Year!  We are honored to work with you and look forward to building upon our relationship in the years to...

Charles Royce, Chief Executive Officer, Royce & Associates “When evaluating fund performance, it is common practice to review results for the most recent year (often the calendar year) along with its related longer-term trailing periods. However, a calendar-year return is not necessarily any more or less...