Every quarter, Canterbury's Outsourced CIO committee shares their observations of the market that impact the management of our discretionary portfolios in the Canterbury OCIO Review.
The second quarter was fairly volatile for the global financial markets. Concerns over tighter financial conditions, renewed dollar strength, and moderated global growth weighed on equity and fixed income markets. Our assessment is that the case for a structural global economic recovery is still in place. Central banks’ concerted efforts toward monetary easing have put economic recovery on firm footing in most major countries. During the first quarter, year-over-year growth in GDP came at a steady pace of 2.4% in the eurozone and 2.8% in the US. Inflation has been rising but remains low, allowing central banks to move forward with pulling back quantitative easing measures and normalizing short-term rates.
Ms. Parekh is a member of the Board of Directors, a shareholder of Canterbury, and directs the Canterbury Outsourced CIO platform, which caters to institutions and private clients who wish to outsource day-to-day management of their portfolios to Canterbury. In that role, Ms. Parekh is the chair of the Canterbury Outsourced CIO Committee and a member of each of the firm’s five Manager Research Committees. She joined Canterbury in 1996 as the manager of analytics with responsibility for directing the firm’s account analysts and client services group. In that role, Ms. Parekh secured many of the asset allocation modeling and research software tools we use today. In 2001, she became the director of manager research, responsible for oversight of all manager, fund, and product research; maintenance of Canterbury’s proprietary research database; and chairing the Investment Manager Research Committee. Ms. Parekh graduated from the University of Hong Kong with a Bachelor of Arts in economics. She completed her Master of Business Administration at Shenandoah University.