Doing bespoke work since 2002....., Custom Products Group

Patrick Hansen

Doing bespoke work since 2002.....

Custom Products Group

Custom Products was started 14 years ago at Lehman Brothers by current co-founder Patrick Hansen, CFA. After 3 years at Lehman, Patrick moved the team to Macquarie Securities where Simon Rigney (co-founder) joined. 3 years ago we took Custom Products independent. 

Our core strength can be summed up three words. 1- Customization - we have very little off the shelf products and most work is done on a one on one bespoke basis. 2- Speed - We pride ourselves in our ability to get requests back to the client very quickly. 3- Confidentiality - We do not redistribute. There is no grace period where we wait a week and then mass blast. Any request stops with that client.

Thematic (Sector/Industry)

<p>I have always wondered why there were Bank Analysts in Japan. The correlations between the different names are so high that it just does not really matter which one you pick. Looking at the top 10 names by mkt-cap the average correlation is 76%. </p><h2>10-Year monthly correlation (Financial Sector)</h2><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/029/244/original/4.png?1499281786" class="editor-image img-responsive" data-smartkarma-image-id="29244"></figure><div class="content-caption">Source: Custom Products</div><p>If we look at <a href="https://www.smartkarma.com/entities/217" target="_blank" data-smartkarma-citation="entities:217:1">Sumitomo Mitsui Financial Group (8316 JP)</a> and <a href="https://www.smartkarma.com/entities/218" target="_blank" data-smartkarma-citation="entities:218:1">Mitsubishi UFJ Financial Group (8306 JP)</a> the correlation is 92%. The correlation between <a href="https://www.smartkarma.com/entities/219" target="_blank" data-smartkarma-citation="entities:219:1">Mizuho Financial Group Inc (8411 JP)</a>…</p>

I have always wondered why there were Bank Analysts in Japan. The correlations between the different names are so high that it just does not really matter which one you pick. Looking at the top 10 names by mkt-cap the average correlation is 76%. 10-Year monthly correlation (Financial Sector)Source: Custom ProductsIf we look at Sumitomo Mitsui Financial Group (8316 JP) and Mitsubishi UFJ Financial Group (8306 JP) the correlation is 92%. The correlation between Mizuho Financial Group Inc (8411 JP)…

Sumitomo Mitsui Financial Group (8316 JP)

Mitsubishi UFJ Financial (MUFG) (8306 JP)

Stock Picking Does Not Matter in Financials but Does in Retail Trade......