Continental Small Caps Look Stretched
Europe ex U.K. small caps offer more risk than reward.
Research Publications Archive
Asian Markets Primer Part II
A look at the diversification benefits offered by individual countries and regions in Asia.
US Pension Plans: Investment Considerations for Endowment Professionals
This paper provides a framework for assessing nonpublic defined benefit pension plans by examining the key characteristics of pension liabilities, various risks to consider during the asset allocation process, and risk immunization. Exhibits cover pension fund performance, liquidity constraints, liability duration, and a comparison of asset allocation differences between pensions and endowments.
An Introduction to Fixed Income Investing for Endowments
A discussion of the role of bonds in policy portfolios and the factors to consider (duration, sector allocation, management approach, benchmarking, etc.) when implementing a fixed income allocation.
Thinking About Risk?
In the fall of 2002, a confluence of factors supported greater risk taking. Today, the same factors suggest that investors focus on risk reduction and diversification.
Europe-Based Hedge Funds-Does it Pay to Play?
A significant allocation is not a “must have” for hedge fund portfolios. Exercise a high degree of selectivity.
Asian Markets Primer: Part I
The first in a series that will introduce investors to the characteristics of Asian capital markets.
Bear Markets, Continued
Is the bear market over? Not likely.
European Markets are Moderately Attractive
Do lowered earnings growth projections adequately account for increasing headwinds?
The Decelerating World and Its Investment Implications
Pessimism rising—already baked in the prices?