The Benefits of Contrarian and Under-Owned Asset Classes
Daniele Donahoe, CFA®
March 19, 2025
In this insightful conversation, Daniele Donahoe, CFA, Partner and Chief Equity Strategist at Waverly Advisors, LLC, is joined by Matthew Reiner, CFA, Principal and Co-Portfolio Manager at Adirondack Small Cap Mutual Fund, and Chad Cleaver, CFA, Portfolio Manager for Emerging Markets at Driehaus Capital Management, to explore the potential benefits of contrarian and under-owned asset classes. They discuss the ongoing shift away from large-cap technology toward small-cap value and emerging markets, highlighting how mean-reversion, global macro trends, and a weaker U.S. dollar could signal new opportunities. Drawing on their deep fundamental research, the trio covers everything from how tariffs affect different regions to the importance of diversification amid changing market leadership. Whether you’re curious about small-cap banks, cutting-edge data centers, or emerging power markets, this conversation offers a timely and broad perspective on where the market may be headed next.
Waverly Advisors, LLC is a nationwide wealth management company for high-net-worth individuals and their families, business owners, executives, and institutions. We take a holistic approach to wealth management, dealing with all aspects of a client’s wealth, including investments, taxes, estate planning, charitable trust services, corporate retirement plans, and more.
Video recorded on Wednesday, March 19, 2025
IMPORTANT DISCLOSURES
The information presented in this document is for general informational and educational purposes and is not specific to any individual’s personal circumstances. Nothing in this document constitutes, or shall be relied upon as, investment, legal, or tax advice to any person. The information in this document is provided effective as of the date of its publication, does not necessarily reflect the most current status or development, and is subject to revision at any time. Investing involves risk, and past performance does not necessarily predict future results. None of Waverly, or any of its officers, members, or affiliates, in any way warrant or guarantee the success of any action that anyone may take in reliance on any statements or recommendations in this document.
Waverly Advisors, LLC (“Waverly”) is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Waverly, including investment strategies, fees and objectives can be found in Waverly’s ADV Part 2A Brochure and Form CRS (Customer Relationship Summary), available at https://waverly-advisors.com/.
You should not assume that any information provided serves as the receipt of, or as a substitute for, personalized investment advice from Waverly. This information should be used as a reference only.
Daniele joined Waverly Advisors in April of 2024 when McShane Partners was acquired by Waverly Advisors, LLC. Daniele serves as Partner, Wealth Advisor, and Portfolio Manager of the firm as well as sitting on the firm's internal Investment Committee. Prior to Waverly, Daniele was with Columbia Management Group, where, as a Senior Portfolio Manager, she co-managed the Columbia Small Cap Growth II fund. Before Columbia Management, Daniele served as an Associate Analyst on an Institutional Investor Magazine Ranked Equity Research Team following the Enterprise Software Industry at Salomon Smith Barney (Citigroup) in New York. She has also served as an associate at Thomas Weisel Partners in San Francisco, CA and J.C. Bradford in Nashville, TN.
