“Excess” money and momentum investing
November 6, 2026
Momentum has worked as an equity investment style historically but the addition of a monetary overlay could result in superior risk-adjusted returns.
Experienced
Welcome to NS Partners
We are an independent investment management firm specializing in
actively managed global, developed and emerging equity market portfolios.
We are focused on achieving outstanding performance while providing exceptional service
to our clients.
Money Moves
Markets
Combination of liquidity analysis, economic value-added
stock selection, and behavioural finance insights the foundation of long term investment success.
Our Team
Our strong team culture with peer group discussion and review is an
integral part of our investment process. Attracting and retaining talented
investment managers is critical to our ability to generate superior
long-term returns.
16 person team
Private ownership attracts, motivates and fosters talent
Legal and Compliance:
Insights
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Surprising US monetary strength
October 28, 2026
Divergent US / rest of G7 money trends signal US economic outperformance and misaligned monetary policies.
Why the UK MPC should stand pat
October 23, 2026
Monetary trends suggest a minor and short-lived inflation upswing.
Strong showing from Flávio Bolsonaro in Brazil’s first round of presidential elections sends stocks flying
October 22, 2026
Following a sharp election-driven rally, we revisit the case for Brazilian equities and what could come next.
Monetary news still weakening
October 20, 2026
A suggested further fall in global real money momentum strengthens conviction in a coming PMI decline.
UK house prices: (much) more downside
October 13, 2026
A comparison with index-linked gilts suggests that house prices are as expensive as at the start of the crash phase of the last 18-year housing cycle.
A “monetarist” perspective on current equity markets
October 7, 2026
Monetary trends suggest a peak in economic momentum and less liquidity support for markets.
What explains the bond bear?
October 1, 2026
The recent rise in global government bond yields reflects a restrictive shift in global “excess” money conditions.
Global money update: August weakness
September 25, 2026
Monetary trends may be starting to confirm a negative 2027 economic outlook suggested by cycle analysis.
Are we all emerging markets now?
September 17, 2026
China’s export machine risks provoking a political backlash among trading partners struggling to absorb a glut of high-end manufactured goods.
Cycle update: expected 2027 weakness crystallising
September 17, 2026
The short-term stockbuilding cycle is rolling over with the long-term housing cycle on track to accelerate into a 2027-28 low.
Global money update: cooler despite US
September 4, 2026
Money trends suggest that global economic momentum is peaking in Q3, with downside risk focused on Europe and Japan.
Eurozone money update: French weakness
August 27, 2026
Monetary trends continue to suggest coming economic disappointment.
US money update: more strength
August 26, 2026
Monetary trends continue to suggest too-loose policy.
Japanese money update: further weakness
August 20, 2026
Rising QT and f/x intervention are intensifying a monetary squeeze.
Connor, Clark & Lunn
Financial Group Ltd.
NS Partners is an affiliate of Connor, Clark & Lunn Financial Group Ltd. (CC&L Financial Group), one of the largest private, independently held asset management firms in Canada. Together, we provide a broad range of distinct and independently managed traditional and alternative investment products and services to investors through a diverse family of affiliates.
For additional information on NS Partners Ltd, please contact:
![Jean-Philippe-Lemay, CC&L FG [504x504_03]](https://ns-partners.cclgroup.com/wp-content/uploads/sites/3/2025/06/FG_-Jean-Philippe-Lemay_504x504_03.jpg)
Jean-Philippe Lemay
Managing Director,
Head of Institutional Sales, Global
Eric Hasenauer
Senior Vice President,
Co-Head of Institutional Sales, USA
John Ricketts
Senior Vice President,
Co-Head of Institutional Sales, USA
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NS Partners Ltd.
December 6, 2021