Economics & Strategy - Equity Strategy: Second

SECOND TEAM

Mislav Matejka & teamJ.P. Morgan Cazenove

Mislav Matejka guides the J.P. Morgan Cazenove trio from runner-up all the way to No. 2. The strategists “are not afraid to make and stay with contrarian calls,” observes one portfolio manager. Price dips prompted the team to upgrade capital goods and transport stocks from neutral to overweight in February 2009, especially Kuehne + Nagel International, then at Sf59.07. By year-end 2010 shares of the Schindellegi, Switzerland–based freight operator had soared 120.1 percent, to Sf130, and outpaced the broad market by 82.3 percentage points. “Their model is robust,” marvels one adherent.