McAlinden Research Partners provides independent investment strategy research to investors worldwide. The firm’s mission is to identify alpha-generating investment themes early in their unfolding and bring them to our clients’ attention.

MRP’s research process reflects founder Joe McAlinden’s 50 years of experience on Wall Street. The methodologies he developed as chief investment officer of Morgan Stanley Investment Management, where he oversaw more than $400 billion in assets, provide the foundation for the strategy research MRP now brings to hedge funds, pension funds, sovereign wealth funds and other asset managers around the globe.
Joe is joined by an experienced team of Wall Street professionals from diverse backgrounds to provide MRP’s clients with valuable insight outside of the mainstream.

Our Process

Identifying disruptive change that leads to new investment opportunities.

MRP’s entire focus is on identifying change that will shift the equilibrium and create an investment opportunity. To do so, we take an inductive approach, which means keeping an open mind and letting the data, news and events unfolding speak to the shifts occurring across the globe.

Each day, we will send you our Daily Intelligence Briefing (“DIBs”) of news and macro data that rises to the top of what we believe is relevant to signaling change. When we are struck with a new thematic idea, we will map it out for you in the DIBs or in Joe Mac’s Market Viewpoint report.

You should look to us for the over-arching idea. We do not spend time on earnings models, as so many others already do so. Accordingly, we do not recommend individual securities. We believe that a significant component of alpha comes from getting the big picture right — such as sector, industry, and theme — and that’s what we aim to do.

The catalysts for our ideas come from any number of areas: Macroeconomic shifts and business cycle turns; policy and political changes; scientific and technological inventions; health and demographic transitions; business model innovations; or even environment and natural events. MRP’s research uses only publicly-available data, filtered through proprietary screens and analytical tools.

The Importance
of a Theme

Joe Mac’s view is that a significant component of alpha is derived from getting the big picture right – sector, industry, and theme. This view has shaped MRP’s research, and is fundamental to our process.

MRP’s Rob Davis explains how we are able to provide a thematic investment idea based on daily current events, news and macro research. With most alpha being generated by getting “the big idea” correct, Rob explains why identifying the right theme is the most important part of the process.

What’s Included

How we deliver our research.

The DIBs Report

Daily Intelligence Briefing

The Daily Intelligence Briefing (DIBs) reports are deep dives into a subject undergoing transformational change that MRP is examining to determine if there is an opportunity to generate alpha. The subjects change daily and constitute an excellent update on the topics and sectors previously explored. We share this report with our clients who may already have or may be considering exposure in the industries affected.

Each Friday’s DIBs is a weekly wrap-up. The process employed was developed by Joe McAlinden over his 50 plus-year, Wall Street career. More about Joe here.  

When opening the DIBs you’ll see an overview of the report’s five sections, with links that take you to the corresponding sections. 

  1. Today’s Market Insight – The main topic of the day. Clicking on the title of the piece – in blue – will bring up the full report. Also included are a set of charts followed by summaries of our source material, including links to the original articles.
  2. Market Insight Updates – Includes information we came across in our process that updates previous Market Insights we are monitoring that have the potential to become actionable themes. 
  3. Active Thematic Ideas – Refers to themes where stars have aligned, we believe there’s an opportunity not yet priced in, and where to focus security selection efforts. Included themes link to an archived report that record when and why it was added, and other reports written about that theme for tracking purposes. The THEME ALERT icon found in the Market Insight or Update sections, is indication of our selection as an actionable theme. 
  4. Macroeconomic Indicators – Includes newly released data relevant to the themes we are following. 
  5. Joe Mac’s Viewpoints – Monthly reports on topics that Joe considers timely to explore.

The way to best utilize the report is to glance at the Market Insight topic and those covered in the Updates section, to decide if there’s something that day to explore further. If so, dig in. If not, we missed you that day. Over the course of a month you’re likely to find quite a few.

Clients subscribe as an efficient way to stay current on these kinds of subjects, and also follow Joe’s thoughts on the markets, MRP Themes and other insights. 

See an Example
The DIBs Report

Daily Intelligence Briefing

The DIBs report is a compilation of articles and data from multiple sources on subjects reflecting disruptive change that have potential investment implications for an industry or group of securities. We share this report with our clients who may already have or may be considering exposure in the industries affected. The subjects change daily and constitute an excellent update on featured topics.

Every day, the DIBs will also include links to Joe Mac’s Market Viewpoints, as well as our current investment themes.

See an Example
Joe Mac's Market Viewpoint

Market Viewpoint

Joe Mac’s Market Viewpoint is a periodic report in which Joe shares his outlook on macro topics.

In April 2016, for example, MRP added the U.S. energy sector as a new theme with the publication of the April 2016 Viewpoint “Implications of the Coming Shortage of Oil”. Joe argued that the massive cutback in energy capital expenditures, combined with the shrinkage in energy workers, and drying up of financing options would lead to a shortage of oil. The report also opined that the freeze agreement that had been announced by some major OPEC members and Russia may have marked a turning point in the trajectory for crude prices.

While Joe agreed with the consensus that oil prices had bottomed out, he diverged in positing that they would be driven significantly higher by outright shortages of crude. Not long after our initial report, oil prices began to rally, and strong global demand in the face of a contraction in supply saw crude oil prices rise steadily.

See an Example
Joe Mac's Market Viewpoint

Market Viewpoint

Joe Mac’s Market Viewpoint is a periodic investment letter in which Joe McAlinden shares his outlook on the markets, U.S. economy, and what that means for an investment portfolio.

In August 2015, for example, Joe established a “Value Over Growth” investment theme. In his Market Viewpoint report that month, he made the case that, after under-performing since the 2008 financial crisis, the value segments of the S&P 500 & the Russell 2000 would soon start to assert themselves and begin a sustained period of out-performance over growth.

See an Example

Meet Our Founder

And learn how to get in touch with the firm.

Joseph J. McAlinden, CFA

Chairman & Founder

Joe Mac is the Founder, Chairman & CIO of MRP and its parent company, Catalpa Capital Advisors. He has over five decades of research and investment experience. Prior to founding Catalpa Capital, Joe was the Chief Investment Officer and Chief Global Strategist at Morgan Stanley Investment Management for over 12 years, which followed 10 years as the Director of Research & Chief Strategist at Dillon Read & Co. Prior to Dillon Joe served as President & CEO of Argus Research for 16 years, where he started as an analyst recruited from W.E. Burnet & Co.

Joe began his career on the floor of the New York Stock Exchange, received a B.A. cum laude in Economics from Rutgers University and holds the Chartered Financial Analyst (CFA) designation. He has served on the Boards of the Argus Research Group, the New York Society of Security Analysts (NYSSA), the Morgan Stanley Trust, the Convent of the Sacred Heart, and The American Ireland Fund.

Contact Us

 

420 Lexington Ave

New York

NY 10170

 

(646) 964-6152

 

rob@mcalindenresearch.com