Generated by All in One SEO v4.9.2, this is an llms.txt file, used by LLMs to index the site. # New Century Advisors, LLC ## Sitemaps - [XML Sitemap](https://newcenturyadvisors.com/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [Copper is a Green Metal, not the Red Metal](https://newcenturyadvisors.com/copper-is-a-green-metal-not-the-red-metal/) - Public demand for products and services that help reverse climate change is unquestionably admirable... - [What Exactly is Priced into TIPS?](https://newcenturyadvisors.com/what-exactly-is-priced-into-tips/) - Given the importance that the inflation outlook has on the monetary policy outlook... - [Debt Ceiling Scenarios](https://newcenturyadvisors.com/debt-ceiling-scenarios/) - We see the risks to the negotiations skewed toward a relatively benign outcome, but believe that the upside/downside to risk/markets is skewed negatively... - [Historic Opportunity Created by Short Duration Bond Yields](https://newcenturyadvisors.com/historic-opportunity-created/) - We see opportunity as US Treasury yields are highest in over 10 years... - [US Small Cap Quarterly Commentary - Q2 2025](https://newcenturyadvisors.com/https-newcentury-andhariabasu-com-wp-content-uploads-2025-08-nca-small-cap-commentary-q2-2025-pdf/) - Q2’25 Commentary Q2 marked the potential end of the longest period of US small cap underperformance relative to large cap since the 1920s. At the start of the quarter, US small caps were hit hard by fears of a recession, inflation, a “higher for longer” interest rate environment and a global trade war. But the - [Fixed Income Quarterly Commentary - Q4 2024](https://newcenturyadvisors.com/fixed-income-quarterly-commentary-q4-2024/) - FED CUTS, BRACES FOR TRUMP POLICIES & INFLATION Macroeconomic developments in Q4’24 relieved earlier concerns about the labor market and growth, but the progress on inflation was disappointing. Although the Fed completed its initial phase of reducing its policy interest rate, Donald Trump's re-election added uncertainty in markets and at the Fed to the path - [Fixed Income Quarterly Commentary - Q2 2025](https://newcenturyadvisors.com/fixed-income-quarterly-commentary-q2-2025/) - TARIFF TURBULENCE, ECONOMY HOLDS UP Tariff policy—the announcements, reactions, and adjustments—were a defining feature of the second quarter. The country specific (“reciprocal”) tariffs announced on “Liberation Day” on April 2 were substantially larger than expected. The announcement disrupted global markets, heightening policy uncertainty and tightening financial conditions. A week later, this led the Administration to - [Webinar: Jackson Hole Symposium Q&A With Claudia Sahm](https://newcenturyadvisors.com/webinar-jackson-hole-symposium-qa-with-claudia-sahm/) - Following Fed Chair Powell’s Jackson Hole remarks, we hosted a timely discussion with our Chief Economist Claudia Sahm & CO-CIO Ellen Safir.We explored how the Fed is balancing its dual mandate, dissected Chair Powell’s view on the “curious balance” in the labor market, and discussed his latest guidance on the new policy framework. - [CNBC’s interview with Claudia Sahm our chief economist's views on Fed decision](https://newcenturyadvisors.com/cnbcs-interview-with-claudia-sahm-our-chief-economists-views-on-fed-decision/) - CNBC’s interview with Claudia Sahm our chief economist's views on Fed decision - [How much can we actually control inflation? by Noam Hassenfeld](https://newcenturyadvisors.com/how-much-can-we-actually-control-inflation-by-noam-hassenfeld/) - The mystery of inflation may be rooted in psychology. - [Why the Economy is Vulnerable to Recession ft. Claudia Sahm](https://newcenturyadvisors.com/why-the-economy-is-vulnerable-to-recession-ft-claudia-sahm/) - Alan Dunne is joined by Claudia Sahm, Chief Economist at New Century Advisors and creator of the Sahm Rule, to discuss the current macroeconomic outlook. - [The Fed seems very much stuck in a backward-looking data-dependent mode, says former Fed economist](https://newcenturyadvisors.com/the-fed-seems-very-much-stuck-in-a-backward-looking-data-dependent-mode-says-former-fed-economist/) - CNBC’s interview with Claudia Sahm our chief economist's views on Fed decision - [WTF is the "Fed"?](https://newcenturyadvisors.com/wtf-is-the-fed/) - Women on the Verge of a Financial Breakthrough - [The origin, use of the Fed's Sahm Rule recession indicator](https://newcenturyadvisors.com/the-origin-use-of-the-feds-sahm-rule-recession-indicator/) - The Sahm Rule is a recession indicator that tracks the shifts in the US unemployment rate... ## Pages - [Home](https://newcenturyadvisors.com/) - RETHINKING RISK & RETURN At New Century Advisors, we look broadly for investment opportunities because we see the connection between the economy and financial assets as an evolving puzzle best solved through a blend of art and science. Active management and disciplined risk control are the foundation of our approach. We take a holistic approach, - [Equities](https://newcenturyadvisors.com/equities/) - US Small Cap We invest with conviction to create a concentrated portfolio of our best ideas. . "Our investment philosophy combines bottom-up stock selection with a top-down thematic overlay. We incorporate macroeconomic insights, industry, and technical analysis to identify mispriced quality companies. With a concentrated portfolio and a long-term business owner mindset, we aim for - [Fixed Income](https://newcenturyadvisors.com/fixed-income/) - Fixed Income Our objective is to exceed benchmark or absolute targeted return returns by uncovering opportunities and balancing risk across a diversified opportunity set. "New Century Advisors believes that consistent out performance arises from the use of multiple, diversifying, active exposures that are carefully sized in accordance with rigorous risk management."Ellen Safir, CFAChief Executive Officer - [Aashiyana Patel](https://newcenturyadvisors.com/aashiyana-patel/) - Aashiyana PatelAnalyst Aashiyana PatelAnalyst Aashiyana's ExpertiseAashiyana Patel is an Analyst at New Century Advisors. Her responsibilities include supporting trading, client reporting, and portfolio analysis. She started as a Client Relations Associate at New Century Advisors before transitioning to the investment team. She was responsible for marketing and communications for the firm in addition to assisting - [Our Team](https://newcenturyadvisors.com/team/) - Our Team We are entirely employee-owned, and our principals have worked together for over 15 years. "NCA's multi-disciplinary team is led by seasoned investment professionals. Walk onto our floor, and you’ll find dynamic idea generation in action, a constant exchange of insights, debating asset allocation, analyzing balance sheets, assessing management, and digging deep into fundamentals, - [Laura DeMarco](https://newcenturyadvisors.com/laura-demarco/) - Laura DeMarcoManaging Director Marketing Laura DeMarcoManaging Director, Marketing Laura's ExpertiseLaura DeMarco joined NCA as Managing Director of Marketing in July 2023. Prior to joining NCA, Laura spent 13 years at Nicholas Investment Partners where she was a Partner and Director of Client Service and Marketing. She previously worked for 18 years at Nicholas-Applegate Capital Management - [Contact](https://newcenturyadvisors.com/contact/) - Connect with us We look forward to building a meaningful relationship. Inquiries For more info about our product offerings & marketing materials. Laura DeMarcoManaging Director, Marketing858-692-5194ldemarco@ncallc.com Client Relations For client-related services, reporting, or account-related support. Dima AwamlehManager, Client Relations and Marketing240-395-0012Dawamleh@ncallc.com New Century Advisors2 Wisconsin Circle, 940Chevy Chase, MD 20815,United States General Inquiries First Name - [Chris Peterson](https://newcenturyadvisors.com/chris-peterson/) - Chris PetersonClient Relations Associate Chris PetersonClient Relations Associate Chris's ExpertiseChris Peterson is a Client Relations Associate at New Century Advisors. His responsibilities include assisting in client service, marketing, and communications for the firm. Before joining New Century Advisors, Chris held an Investment Performance Associate role at Cambridge Associates.He holds a B.S. in Music with a - [Nitin Yadav](https://newcenturyadvisors.com/nitin-yadav/) - Nitin YadavInvestment Operations Analyst Nitin YadavInvestment Operations Analyst Nitin's ExpertiseNitin joined NCA in September 2025 as an Investment Operations Analyst overseeing trade confirmation, settlement and portfolio reconciliation. Prior to joining NCA, he held various finance-related and operational roles across multiple organizations, including firms such as Morgan Stanley and Goldman Sachs.He holds a Masters in Finance - [Perspectives](https://newcenturyadvisors.com/perspectives/) - Perspectives Our team thrives on the diversity of thought that emerges from daily collaboration between generalists and seasoned experts who have worked together for years. Insights to Inbox First Name Last Name Email Organization Subscribe toQuarterly Small Cap CommentaryQuarterly Fixed Income CommentaryMacro Economic Insights SubscribeThank you! Looking forward to keeping in touch.There has been some - [Ellen Safir](https://newcenturyadvisors.com/ellen-safir/) - Ellen SafirCFA-PrincipalChief Executive Officer & Co-Chief Investment Officer Ellen Safir, CFAPrincipalChief Executive Officer & Co-Chief Investment Officer Ellen's ExpertiseEllen Safir is Co-Chief Investment Officer of New Century Advisors (NCA) and founded the firm in 2002. She is responsible for NCA’s investment and business strategies, as well as actively participates in the firm’s weekly strategy, equity, - [Nils Overdahl](https://newcenturyadvisors.com/nils-overdahl/) - Nils Overdahl, CFAPrincipalCo-CIO Nils Overdahl, CFAPrincipalCo-CIO Nils's ExpertiseNils Overdahl is a Principal and Co-CIO at New Century Advisor. Since joining NCA at its founding in 2002, Nils has been responsible for managing real return portfolios. During Nils’ career he has managed and traded most sectors of the fixed income market and greatly added value with - [Ricky Capino](https://newcenturyadvisors.com/ricky-capino/) - Richard CapinoInvestment Associate Richard CapinoInvestment Associate Ricky's ExpertiseRicky Capino is an Investment Associate at New Century Advisors. Ricky provides investment and operational support to the investment team. His responsibilities include creating financial models, performing technical analysis, coding and trade support. Ricky held an internship with T. Rowe Price for multiple semesters where he worked in - [Christine Song](https://newcenturyadvisors.com/christine-song/) - Christine Song, CFA US Small Cap Portfolio Manager Christine Song, CFA US Small Cap Portfolio Manager Christine's ExpertiseChristine has been investing in US small-cap companies since 2005. She worked as a US small-cap equity analyst on the Small Cap Value team at Chartwell Investment Partners located outside of Philadelphia. She then joined Daruma Capital Management as - [Mahir Vora](https://newcenturyadvisors.com/mahir-vora/) - Mahir VoraClient Relations Associate Mahir VoraClient Relations Associate Mahir's ExpertiseMahir Vora is a Client Relations Associate at New Century Advisors. His responsibilities include assisting in client service, marketing, and communications for the firm. Before joining New Century Advisors, Mahir gained valuable experience working in client relations and equity research roles.He holds a B.S. in Finance - [Isha Shah](https://newcenturyadvisors.com/isha-shah/) - Isha ShahClient Relations Associate Isha ShahClient Relations Associate Isha's ExpertiseIsha Shah is a Client Relations Associate at New Century Advisors. She is responsible for assisting in client service, marketing and communications for the firm. Prior to joining the firm, Isha held multiple internships at civic and social organizations, while her most recent internship was at - [Dima Awamleh](https://newcenturyadvisors.com/dima-awamleh/) - Dima AwamlehManager, Client Relations and Marketing Dima AwamlehManager, Client Relations and Marketing Dima's ExpertiseDima Awamleh is Manager, Client Relations and Marketing at New Century Advisors. She is responsible for client service, marketing, and communications. Dima has over 17 years of experience in the investment industry. Prior to this role, she worked at Homestead Funds as - [Max Etocke](https://newcenturyadvisors.com/max-etocke/) - Max EtockeInvestment Operations Analyst Max EtockeInvestment Operations Analyst Max's ExpertiseMax serves as an Investment Operations Analyst at New Century Advisors with responsibilities for overseeing trade confirmation, settlement, and portfolio reconciliation. Prior to joining NCA in 2024, he was Operations Associate at Hollis Park, specializing in fixed income structured products, where he managed trade allocations, daily - [Monique Jackson](https://newcenturyadvisors.com/monique-jackson/) - Monique JacksonInvestment Operations & Compliance Analyst Monique JacksonInvestment Operations & Compliance Analyst Monique's ExpertiseMonique Jackson is an Investment Operations & Compliance Analyst at New Century Advisors. She is responsible for middle office operations functions including trade settlement, account reconciliation and various administrative functions. Prior to joining NCA in 2020, Monique served as an Account Executive - [Thomas Hines](https://newcenturyadvisors.com/thomas-hines/) - Thomas HinesPrincipalChief Compliance Officer Thomas HinesPrincipalChief Compliance Officer Thomas's ExpertiseTom Hines directs the operations, reporting, and compliance areas of New Century Advisors. Prior to joining NCA, he served as Senior Investment Manager and Chief Compliance Officer at Keel Point Advisors, a multi-family office, where he oversaw the operations department, implemented a new client reporting system, - [Christin Li](https://newcenturyadvisors.com/christin-li/) - Christin LiCredit Analyst Christin LiCredit Analyst Christin's ExpertiseChristin Li is a Credit Analyst at New Century Advisors. Her responsibilities include supporting the investment team in providing credit research and making recommendations related to corporate fixed income. Prior to joining the firm, Christin started her career as a Middle Market Banking & Specialized Industries Analyst at - [Chris Dirkes](https://newcenturyadvisors.com/chris-dirkes/) - Chris DirkesCFACredit Trader/Analyst Chris Dirkes, CFACredit Trader/Analyst Chris's ExpertiseChris Dirkes is New Century Advisors’ head corporate bond analyst and trader. His responsibilities include corporate credit research and trading credit for the entire portfolio management team as well as Treasuries. He monitors liquidity, market risk and flows and uncovering as trading opportunities. Chris has over eleven - [Burak Tekes](https://newcenturyadvisors.com/burak-tekes/) - Burak Tekes, CFAAnalyst Burak Tekes, CFAAnalyst Burak's ExpertiseBurak Tekes is an Analyst at New Century Advisors with research responsibilities focusing on sovereign and non-U.S. credit, including currencies. He is also responsible for macroeconomic research, modeling, and security valuations of developed and emerging markets. Prior to joining NCA in 2012, Burak was an analyst at Asset - [Fatima Batalvi](https://newcenturyadvisors.com/fatima-batalvi/) - Fatima Batalvi, CFAAnalyst Fatima Batalvi, CFAAnalyst Fatima's ExpertiseFatima Batalvi is a Credit Analyst at New Century Advisors with responsibilities for working in conjunction with portfolio managers to analyze fixed income securities for prospective purchase and sale. Fatima has over 15 years of experience in evaluating a broad spectrum of fixed income securities including high grade - [Collamore Crocker](https://newcenturyadvisors.com/collamore-crocker/) - Collamore Crocker Senior Analyst Collamore Crocker Senior Analyst Com's ExpertiseCollamore (Com) Crocker is a Senior Analyst who joined the firm in 2017. Com came from the sell-side where he worked in the inflation markets for fifteen years, building top-five TIPS franchises at Lehman Brothers, BNP Paribas, and RBS. His outlook for inflation and the US - [Claudia Sahm](https://newcenturyadvisors.com/claudia-sahm/) - Claudia Sahm, PhDChief Economist Claudia Sahm, PhDChief Economist Claudia's ExpertiseClaudia Sahm joined New Century Advisors in April 2024 as Chief Economist, focusing on macroeconomic and financial market trends. She is a highly regarded expert on the macroeconomy, forecasting, and monetary and fiscal policy with many years of experience advising key decision-makers at the Federal Reserve, - [Eric Patlovich](https://newcenturyadvisors.com/eric-patlovich/) - Eric Patlovich, CFAPrincipalPortfolio Manager Eric Patlovich, CFAPrincipalPortfolio Manager Eric's ExpertiseEric Patlovich is a principal of New Century Advisors and portfolio manager of traditional fixed income strategies. He has research and trading responsibilities, focusing in particular on the mortgage-backed and structured product markets. Eric also researches and implements duration management strategies in the global money markets - [IMPORTANT DISCLOSURES](https://newcenturyadvisors.com/important-disclosures/) - Important Disclosures New Century Advisors, LLC (New Century) is an SEC registered investment adviser located in Chevy Chase, Maryland. New Century and its representatives are in compliance with the current filing requirements imposed upon SEC registered investment advisers by those states in which Company maintains clients. New Century may only transact business in those states in which it is registered, or qualifies for - [Our Capabilities](https://newcenturyadvisors.com/our-capabilities/) - [Alexandria Ellis](https://newcenturyadvisors.com/alexandria-ellis/) - Alexandria EllisInvestment Associate Alexandria's ExpertiseAlex Ellis is an Investment Associate at New Century Advisors. Her responsibilities include supporting trading, client reporting, and portfolio analysis. Prior to joining the firm, Alex was the Community Development Specialist working in research for Local Government Federal Credit Union. Alex earned her B.S. in Economics from North Carolina State University. Learn - [Privacy Policy](https://newcenturyadvisors.com/privacy-policy/) - Who we are Suggested text: Our website address is: http://newcentury.andhariabasu.com. Comments Suggested text: When visitors leave comments on the site we collect the data shown in the comments form, and also the visitor’s IP address and browser user agent string to help spam detection. An anonymized string created from your email address (also called a - [About Us](https://newcenturyadvisors.com/about-us/) - Know More AboutNew Century Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Donec velit neque. About UsSince its founding in 2002, New Century Advisors has partnered with its clients to develop and execute customized strategies to meet their unique needs including core, inflation-linked, short duration, multi asset and equity strategies.New - [Our Products](https://newcenturyadvisors.com/our-products/) - [Leigh Talbot](https://newcenturyadvisors.com/leigh-talbot/) - Leigh TalbotManaging Director, Client Relations & Business Development Leigh's ExpertiseLeigh Talbot is Managing Director, Client Relations and Business Development at New Century Advisors. She is responsible for client service, marketing and communications, business development and selected aspects of firm management. Leigh has over 17 years of experience in global fixed income. Prior to joining New - [Practice Areas](https://newcenturyadvisors.com/practice-areas/) - We Are Experts In A Lot Of Legal AreasVestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Donec velit neque. 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