Horizon Investments

Horizon Investments
6210 Ardrey Kell Road
Suite 300, Charlotte, NC 28277
Phone: 866.371.2399
Fax: 704.544.2883

Articles by Horizon Investments

Robbie Cannon - President + CEO

Robbie Cannon

Robbie Cannon is the president and CEO of Horizon Investments, LLC, which specializes in active asset allocation, risk mitigation and retirement income. During his tenure, which began in 1999, Horizon has grown from a small retail RIA firm to a billion dollar third-party investment management group with a national footprint of independent broker dealers and institutional clients. His career in finance began in 1994, and has encompassed various aspects of portfolio management including asset allocation, equity analysis and risk management. He graduated from Furman University and lives in Charlotte, NC.

Mr. Cannon is a national speaker on topics from asset allocation and risk management to market dynamics. He has led the firm to be nationally recognized for revenue growth.

Ron Saba
Senior Managing Director of Investment Management and CIO

Ron Saba

With nearly 30 years of investment management experience, Ron Saba is the Chairman of Horizon's Investment Committee and is responsible for the management of all investment products at Horizon.

Prior to joining Horizon in 2009, Mr. Saba was Managing Partner and Chief Investment Officer of Charlotte Capital, LLC where he was lead portfolio manager for the firm’s two institutional investment products. Prior to Charlotte Capital, Mr. Saba was a Portfolio Manager with Pioneer Investments. Before Pioneer he served as a Portfolio Manager and Analyst with Heartland Advisors, where the co-managed Heartland Value Plus Fund was recognized as highly ranked in 1997.

Mr. Saba regularly contributes to the financial media. He has appeared on CNBC and was featured in Barron’s magazine. Mr. Saba holds a MBA from the University of Chicago Graduate School of Business and a BS in Business Administration from The Ohio State University

Kevin Blocker
Quantitative Strategist

Kevin Blocker

Joining Horizon in 2001 as one of the original developers of Horizon's investment process, Mr. Blocker specializes in quantitative analysis and portfolio construction using traditional and alternative investment strategies. As a member of the firm's Investment Committee, Mr. Blocker is responsible for screening investment opportunities and portfolio optimization.

Scott Ladner
Director of Alternative Strategies

Scott Ladner

Mr. Ladner provides trading, risk management and quantitative expertise to several of the firm's strategies, with a particular emphasis on building Horizon's Risk Management suite of products, as well as its capabilities within the alternative and absolute return investment space. Prior to joining Horizon in 2010, Mr. Ladner was a founder of Charlotte Global Advisors and Principal Guard, LLC. Mr. Ladner helped to launch an equity index volatility and dispersion trading unit at PE?K6 Investments in Chicago, a proprietary listed option trading firm. Previously at First Union/Wachovia, Mr. Ladner founded and ran the $4 billion equity swap and forwards portfolio while also managing equity option and volatility portfolios. He also co-founded and managed the Risk Arbitrage and Special Situations portfolio. Mr. Ladner then managed the $300 billion notional swaption and cap/floor portion of the bank's interest rate derivatives portfolio.

Steven Clark
Senior Quantitative Analyst

Steven Clark

Dr. Clark is an Associate Professor of Finance at UNC Charlotte where he conducts research in the areas of mathematical finance, derivative securities, asset pricing, and financial econometrics. As a consultant since 2007, his work at Horizon focuses on volatility forecasting models, dynamic factor models, and other quantitative methods with an emphasis toward the Quantitative investment team and toward the firm’s Risk Management suite of products. He has a Ph.D. in Mathematical Sciences (with a concentration in applied probability and stochastic modeling) and a Ph.D. in Applied Economics (with a concentration in financial economics), both from Clemson University. He has been published in numerous scholarly journals including Review of Derivatives Research, Review of Futures Markets, Journal of Risk and Insurance, and Journal of Asset Management.

More Articles

Strong Jobs Market Helps Stocks Gain Ground

Strong Jobs Market Helps Stocks Gain Ground

By Horizon Investments Economic data out of the U.S. was mostly positive: Nonfarm payrolls, the ISM Manufacturing Index and initial jobless claims all came in ahead of expectations. One weak spot…

Yields on the Rise, While Small-Caps Shine

Yields on the Rise, While Small-Caps Shine

Economic data out of the U.S. was mixed last week. While industrial production beat expectations, initial jobless claims and housing starts both disappointed. Internationally, GDP and CPI data came in…

U.S. Stocks Strong as Volatility Falls Sharply

U.S. Stocks Strong as Volatility Falls Sharply

By Horizon Investments Another mixed week on the global economic front. On the positive side in the U.S., wholesale inventories, initial jobless claims and the University of Michigan’s consumer sentiment index…

Mixed Economic Signals Keep Markets Range Bound

Mixed Economic Signals Keep Markets Range Bound

By Horizon Investments A somewhat fuzzy global economic picture developed last week. In the U.S., better-than-expected results were reported in terms of initial jobless claims, the unemployment rate, factory orders and…

U.S. Economy Shows Strength

U.S. Economy Shows Strength

By Horizon Investments U.S. economic data was positive across the board last week. We saw better-than-expected results in key areas of the economy, including: + first quarter GDP + new and…

The Need for Risk Mitigation

The Need for Risk Mitigation

By Horizon Investments All investors eventually reach the stage where the goal they’ve been saving for finally comes into view. It could be a couple who will need to start paying…

Financials Shine as Bond Prices Fall

Financials Shine as Bond Prices Fall

By Horizon Investments Economic data out of the U.S. last week was upbeat: Housing starts, retail sales and industrial production all came in ahead of expectations. One disappointment was initial jobless…

Global Stocks Rise for the Week

Global Stocks Rise for the Week

By Horizon Investments Economic data coming out of the U.S. last week was disappointing. Initial jobless claims were higher than expected, while we saw lower-than-expected results from the University of Michigan’s…

Stocks Slump on Trump’s Tariff Talk

Stocks Slump on Trump’s Tariff Talk

By Horizon Investments U.S. economic data disappointed last week, with initial jobless claims and the unemployment rate higher than expected. Additionally, factory orders, manufacturing PMI, the Institute of Supply Management’s manufacturing…

Fears of Trade War Put Pressure on Equities

Fears of Trade War Put Pressure on Equities

By Horizon Investments It was an tough week for global stocks, and the worst weekly performance for U.S equities since January, 2016. For the week, the S&P 500 fell nearly 6%…

Stocks Soft Despite More Signs of Economic Oomph

Stocks Soft Despite More Signs of Economic Oomph

By Horizon Investments Economic data in the U.S. was mostly positive last week. Employment data—including changes in nonfarm payrolls and initial jobless claims—came in better than expected, as did industrial production…

Spotlight Shines on the U.S. Dollar

Spotlight Shines on the U.S. Dollar

By Horizon Investments The U.S. economy offered mostly positive signals last week. For example, the Conference Board’s Leading Economic Index rose in December for the third consecutive month. Investors believe this…

Are You Prepared for Market Turbulence?

Are You Prepared for Market Turbulence?

By Horizon Investments As the U.S. approaches the 9-year anniversary of this bull market, take a moment to reflect on how far we’ve come. We all know that smooth market rides…

Stocks Continue to Climb While Bonds Slump

Stocks Continue to Climb While Bonds Slump

By Horizon Investments After a stretch of mostly positive news, U.S. economic announcements were largely disappointing last week–with initial jobless claims, PPI Final Demand, wholesale inventories, retail sales and import prices…

Strong Economic News Lifts Stocks, Bond Yields

Strong Economic News Lifts Stocks, Bond Yields

By Horizon Investments The U.S. economy started 2018 on an upbeat note—with ADP private-sector employment growth, ISM manufacturing sector activity and construction spending all better than expected. Two detractors were a…

Stocks Finish Strong as 2017 Comes to a Close

Stocks Finish Strong as 2017 Comes to a Close

By Horizon Investments Economic reports out of the U.S. were mostly disappointing as 2017 came to a close. Initial jobless claims and inventories were higher than expected, while consumer confidence was…

More Sunny Economic Results as Fed Raises Rates

More Sunny Economic Results as Fed Raises Rates

By Horizon Investments For the third consecutive week, the U.S. posted impressive economic results. Manufacturing PMI, retail sales, producer price inflation and initial jobless claims all came in better than expected.…

Global Markets Flat, But Rough Ride for Investors

Global Markets Flat, But Rough Ride for Investors

By Horizon Investments U.S. economic data was generally disappointing: initial jobless claims, the Empire State Manufacturing Survey and the Philadelphia Fed’s business-outlook survey were all worse than expected. Industrial production and…

U.S. Markets Keep on Climbing Into November

U.S. Markets Keep on Climbing Into November

By Horizon Investments Economic data in the U.S. continued to keep investors happy last week. Initial jobless claims came in lower than expected, consumer confidence was higher than anticipated, both manufacturing…

D.C. Developments Help Drive Stocks Higher

D.C. Developments Help Drive Stocks Higher

By Horizon Investments Economic signals in the U.S. were mixed once again last week. On the one hand, initial jobless claims—unemployment—in mid-October were much lower than expected. In fact, they fell…

Stocks Higher, Bonds Fall – Risk Appetite Back

Stocks Higher, Bonds Fall – Risk Appetite Back

By Horizon Investments Overall, the global economy continues to show signs of strength. U.S. economic data last week was positive—with better-than-anticipated results in terms of inflation and initial jobless claims. Likewise,…

Markets Rise Outweighing Geopolitical Fears

Markets Rise Outweighing Geopolitical Fears

By Horizon Investments Economic data in the U.S. last week was largely positive, showing strength in several key areas: GDP growth for the second quarter was revised upward, to 3%, driven…

North Korea Nuke Fears Hit U.S. Stocks Hard

North Korea Nuke Fears Hit U.S. Stocks Hard

By Horizon Investments Rising geopolitical tensions between the U.S. and North Korea over North Korea’s potential nuclear capabilities dominated the markets last week, pushing down global stock prices in every major…

Global Equities Continue to Crawl Slowly Higher

Global Equities Continue to Crawl Slowly Higher

By Horizon Investments Global equities continued to crawl slowly higher last week as economic data generally remained robust. In the U.S., for example, new job growth in July was stronger than…

Markets Sputter Along as Economic Data Disappoints

Markets Sputter Along as Economic Data Disappoints

By Horizon Investments Last week saw several disappointing economic developments globally. Here in the U.S., inflation, retail sales, consumer sentiment and industrial production all came in below expectations. Overseas markets also…

Investing Against All Eyes on Comey, UK Election

Investing Against All Eyes on Comey, UK Election

By Horizon Investments All eyes were focused on two events last week—the testimony of former FBI Director James Comey to the Senate Intelligence Committee, and the general election in the United…

The Active vs Passive Trick in Investing

The Active vs Passive Trick in Investing

By Robbie Cannon, Horizon Investments The magician’s assistant has the ability to distract the audience from the real trick happening in plain view. In our field, the “Active vs. Passive” debate…

Trump’s Political Uncertainty Boosts Bond Prices

Trump’s Political Uncertainty Boosts Bond Prices

By Horizon Investments U.S. economic data released last week painted a mixed picture. Better-than-expected results in initial jobless claims and industrial production, and from the Federal Reserve Bank of Philadelphia’s…

Stocks Surge—with Hope for More on the Way

Stocks Surge—with Hope for More on the Way

By Horizon Investments The Dow Jones Industrial Average hit an all-time high of 21,000 last week on the heels of the President’s first speech to Congress. Notably, newly released U.S.…

Global Growth Strengthens While Volatility Remains Low

Global Growth Strengthens While Volatility Remains Low

By Horizon Investments The U.S. economic recovery that began roughly eight years ago continues to demonstrate surprising strength, according to data released last week. Most notably: Initial jobless claims–the number…

Stocks Enter New Territory on Mixed Economic Data

Stocks Enter New Territory on Mixed Economic Data

By Horizon Investments As corporate earnings season continues, we’re seeing especially positive results from companies in economically cyclical sectors such as industrials and materials. Additionally, technology companies’ financial results are…

An Alternative to Annuities in a Fiduciary World

An Alternative to Annuities in a Fiduciary World

The Department of Labor’s fiduciary rule has given pause to some financial advisors considering the use of variable annuities with their clients. Will the costs and commissions traditionally associated with…

Stocks, Bond Yields Keep Moving Up, Up, Up

Stocks, Bond Yields Keep Moving Up, Up, Up

Equity markets continue to rise on a steady stream of stronger-than-expected economic results. Developments over the past two weeks or so include: The jobless rate in November fell to its…

Strong Economy, Expectations Boost Stocks

Strong Economy, Expectations Boost Stocks

U.S. equities generated further post-election gains last week on expectations that more fiscal spending by the next administration will boost economic growth. Meanwhile, the U.S. economy under the current administration…

Strong Economic Data Pushes Rates Higher

Strong Economic Data Pushes Rates Higher

By Horizon Investments Investors last week digested higher long-term interest rates, which rose on rumors of global central bank tightening due to better-than-expected economic data. For example, the U.S. services…

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