Leuthold Weeden Capital Management

Leuthold Weeden Capital Management is a global investment manager founded in 1987 by Steven C. Leuthold. Recognized as a pioneer in tactical asset allocation, our flexible flagship strategy has a 25 year track record. We are employee-owned with a heritage of independent research and a philosophy that stresses quantitative measures of value combined with recognition of fundamental and technical trends. Our investment approach is disciplined, unemotional, and at times contrarian. We offer mutual funds and separately managed accounts across several strategies, including domestic and global tactical asset allocation, as well as long and short equity mandates.

Leuthold In the Media

Comparing Valuations: U.S. vs. International Stocks

Financial Planning - Sept. 16, 2014

Leuthold Group's Chief Investment Officer,  Doug Ramsey discusses domestic and international market valuations.

Chuck Jaffe - Big Interview with Chun Wang

MoneyLifeShow - August 13, 2014

Chun Wang discusses historical effects of Fed tightening for stocks.

Global Fund Hunts for What's Working

Financial Planning - May 23, 2014

There are times when good stock selection is a winning strategy. Other times, portfolios shine because their managers have spotted important economic trends and industry developments. But it’s rare that one fund can take advantage of both.

In a Global Economy, Choose Industries, Not Countries By Matt Paschke, CFA

NAPFA Advisor - April 2014

Most advisors build their global equity portfolios by choosing allocations to the U.S., non-U.S. developed, emerging and frontier markets. But advisors may want to consider a different idea: focus on industries, rather than countries. Here's why.

Leuthold's Grizzly Short Fund Received 2014 Lipper Award for Best Fund over 10 Years

Lipper - April 16, 2014

Leuthold Weeden Capital Management, the investment arm of The Leuthold Group, announced today that its Grizzly Short Fund (NASDAQ: GRZZX) has received a 2014 Lipper Award for “Best Fund over 10 Years: Dedicated Short-Bias Funds.”

Strategy Crushed Market in 2013: 2014 Picks

Ycharts.com - Carla Fried - January 27, 2014

A proprietary five-factor model the Leuthold Group uses to rate 3,000 stocks funneled into 120 industry groups, generated a 40.4% return last year for groups rated attractive. That was eight points more than the en fuego S&P 500.

Once Sizzling Emerging Markets have turned Bearish

Dallas Morning News - January 12, 2014

“The impact of Federal Reserve tapering [monetary tightening] could be wide and profound on emerging market stocks,” said Doug Ramsey, chief investment officer for The Leuthold Group. ... Further, Ramsey said major shifts in leadership out of U.S. stocks into emerging market stocks typically occur at market bottoms. In other words, expect emerging markets to perform better coming out of a bear market in the S&P 500. And at least for the moment, the S&P 500 is a long way from a bear market.

This Quirk of China's Domestic Stocks May Be on Its Way Out

Barrons.com - December 30, 2013

China’s tightly controlled domestic stock market is doing something unusual: It’s trading at a discount.  By “discount” I mean its valuation relative to comparable stocks trading outside the controlled domestic market. It’s happening just as most Western investors are getting their first crack at what historically has been a very inaccessible market.


Bulls Get Final Word on 2013 - Randall W. Forsyth

Barrons.com - Subscription required to access full article - December 21, 2013

The Leuthold Group's chief investment officer, Doug Ramsey, wryly observed last January on Barrons.com that the individual investor hadn't returned to the market because stocks weren't expensive enough yet. To Ramsey, the momentum stocks' surge is symptomatic of the later innings of a bull market. He views small-caps as more richly valued that they've been since 1998 and 2007, just ahead of past market peaks. While conditions for a correction aren't yet in place, he could see small-caps pulling back 20% at some point in 2014, while the S&P 500 has a 12% to 18% correction.

Leuthold’s Ramsey Sees Lower Bonds, Higher Stocks (Audio 11:35)

Bloomberg Radio - December 16, 2013

Douglas Ramsey, chief investment officer at Leuthold Group, says bonds will sell off in 2014 and stocks will be "flat to up five percent." Ramsey talks with Bloomberg's Tom Keene on Bloomberg Radio's "Bloomberg Surveillance." Ramsey said he’s bullish on large technology and health-care companies and predicted that shares of small companies will underperform next year.


© 2014 Leuthold Weeden Capital Management
Not FDIC Insured. No Bank Guarantee. May Lose Value
Mutual Fund Distributor: Rafferty Capital Markets, LLC, Garden City, NY 11530