Driehaus Capital Management LLC

Despite an uncertain regulatory environment and a backdrop of rangebound commodity prices, the EM energy sector has yielded a number of idiosyncratic opportunities. This commentary discusses themes and positioning across the energy landscape.  https://lnkd.in/g7TBM4Cv

The Department of Energy announced new deployment targets of adding 35GW of new nuclear capacity by 2035 and a sustained pace of 15GW per yr by 2040. For perspective, 35GW is equivalent to 35 large-scale nuclear reactors. These numbers are simply massive.  https://lnkd.in/gQFmXGzi

DCM presented the fourth annual Richard H. Driehaus Award to the late Tim Kelly, who we lost in August after a long battle with cancer. At our Holiday Party last week, we said a toast to his life and the invaluable contributions he gave to the firm during his 14 years at Driehaus.   Tim was a beloved colleague, and he exemplified all the best parts of our culture at DCM. Tim’s award was accepted by his wife and two of his children. Thank you for sharing Tim with us, he will always be remembered.

Recent macro and political events have been the dominant drivers of near-term returns in Emerging Markets. This month’s commentary discusses the strategy’s positioning and outlook in the aftermath of the US election and recent China stimulus. https://lnkd.in/g_KFVQRj

Follow the link below to read more on the potential conversion of existing #bitcoin mining facilities for #AI services. https://lnkd.in/gF6gyHVf

Get to know our newest hire, Katie. Welcome to the team! What is the most valuable piece of advice you have received from a previous role? - Become a lifelong learner and be a part of something that inspires you. What excites you most about working at DCM?  - The people. Everyone is extremely welcoming and wants to ensure you have the resources you need to succeed… and the beautiful architecture is a bonus! What are you currently passionate about? - Exploring Chicago! I’m excited to experience all this city has to offer.

It will not be much of a surprise to know that our outlook for the rest of the year and beyond depends heavily on what happens in China in the coming months. We believe the announcements in September marked an important change in China. https://lnkd.in/gqgUX3qM

Congratulations to Janet McWilliams on an impressive 30 years here at DCM! Thank you for your dedication to the firm, and invaluable contributions while working in our Legal and Compliance department. Cheers to 30 years! #DCMmilestones

Meet DCM’s #InternationalGrowthEquities team! This team is led by portfolio managers Dan Burr and David Mouser who respectively have +10 years and +17 years of Driehaus portfolio management experience. The team focuses on the integration of fundamental, macro and behavioral analysis when constructing their client portfolios. For more about this team and their philosophy/process please see the link in our bio.

Micro, small and small/mid caps outperformed large caps as inflation data continued to trend lower. The Federal Reserve began its rate cutting cycle by reducing the Federal Funds Rate by 50 basis points in mid-September. https://lnkd.in/gACDSiff