Gray Newman & team Morgan Stanley
The buy side says: “Gray thinks like an investor.”
Gray Newman guides the Morgan Stanley quartet, which spent last year in second place, back to the top of the roster — its eighth such appearance in the past ten years. The New York–based Newman, 53, provides “useful and practical pieces of research,” according to one client. In July 2010, after Brazil’s central bank raised the benchmark Selic rate by only 50 basis points (25 points less than consensus forecasts), to 10.75 percent, the team predicted that policymakers, encouraged by signs of slowing inflation, would “bring to a close the rate-hiking cycle in 2010 at a slower pace”; they anticipated a September hike of 25 basis points, with no additional increases until a new government took office in January, but noted that the bank “would have to restart interest rate hikes in 2011, with rates heading to above 12 percent.” Although the Selic rate remained unchanged through the final five months of last year, the bank did raise rates in January — and again in March, April, June and July, to 12.50 percent.
