A Cross-Section of U.S. Equity Valuations
Valuations remain compressed, making identification of relatively attractive opportunities hard to find.
Research Publications Archive
Decoupling?
While Asia’s equity markets remain susceptible to contagion from any U.S. maladies, their economies continue to develop immunities.
European Credit: An Accident Waiting to Happen?
European credit trades as if defaults are an historical relic to be found only in museums and musty, dust-filled libraries.
Better Beta Boxes? Unconventional Approaches to Asset Allocation
A detailed report on the emergence of unconventional asset allocation (UAA) products in the markets. This report discusses the philosophy, common characteristics, advantages, and disadvantages of UAA. It also looks at the different methods of applying UAA and the roles it can fill in a portfolio.
Auditing Alternative Investments
In July 2006, the American Institute of Certified Public Accountants issued a “Practice Aid” to guide the auditors of institutions with investments in alternative assets. This report is a review of the implications of the Practice Aid based on discussions with major auditing firms, careful examination of the Practice Aid, and Cambridge Associates` familiarity of…
Deconstructing the Bullish Case on U.S. Equities
In order to be bullish, investors must make some heroic assumptions.
European Equity Leadership Still Concentrated
While returns have been strong across European markets, the financials sector remains in the driver’s seat.
Demystifying Quantitative Investing
This report analyzes how quantitative investment practices enhance the investment process and in which types of portfolios they usually flourish.
Taking the Measure of Global Bonds
Caveat emptor as spread product proliferates.
The Unloved Mega-Caps
Valuations make the case for overweighting the very largest firms within a U.S. equity allocation.