Impact investing, through which investors allocate capital to market-based (i.e., profit-oriented) solutions to social and environmental challenges—in contrast to philanthropic or political solutions—has garnered increasing attention over the last decade.
European Equities: Time to Focus on the Micro European equities trade near a record historical discount to U.S. equities; potential for a turnaround in earnings and improving macro conditions further bolster the case for an overweight position. Europe has faded from the headlines in 2013 as Federal Reserve tapering, Abenomics in Japan, and a slowdown…
While access to the Chinese A-share market is improving, investors should not rush in. Given that the market is still evolving, finding a skilled manager to navigate the challenges facing the A-share market is key.
Executive Summary Many families have significant wealth tied up in the publicly traded shares of a single firm. Concentrated exposure to a single stock—often the family’s original source of wealth—represents a significant risk to the family’s wealth and its future spending and charitable-gifting power. Single stocks, on average, are about 68% more volatile than a…
Despite recent weakness, we do not believe a 1990s-style emerging markets currency crisis is brewing.
An extensive examination of long-term trends in U.K. equity and fixed income valuations.
In this issue Reflections on how endowments have changed since our firm’s founding 40 years ago Discussion of the benefits and considerations of a risk parity portfolio approach Introduction to C|A’s private investment benchmarking framework Explanation of the role concentrated stock can play in a family’s portfolio
Executive Summary Manager selection is critical when investing in hedge funds. Every analysis of a potential hedge fund allocation boils down to a granular assessment of a fund’s value proposition as reflected in its investment philosophy, terms, and business operations. Equally important is the need to identify the specific role each fund serves as part…
While simple 100% U.S. equity and stock/bond portfolios have outperformed highly diversified portfolios recently, highly diversified portfolios have delivered consistently superior returns over decades.
Although the rate of increase has remained relatively constant over the past six years, total student charges, which include tuition, fees, and room & board charges, continue to rise. Our annual compendium of student charges includes high-to-low rankings, annual percentage increases, a comparison of rates of increase to inflation, and an appendix providing a 20-year…