New Zealand Outlook 2016: Keep Steady
Risks to the global economy are rising, but the New Zealand economy is relatively well placed compared to others, with many of the risks external in nature.
Research Publications Archive
Municipal Bonds: Keep Calm and Hang On
US municipal bonds remain attractive and we advise maintaining allocations
Tough Sailing for Event-Driven Strategies
Event-driven strategies have struggled since mid-2014, but the headwinds recently plaguing them could become less forceful in the months ahead.
An Introduction to Leveraged Buyout Strategies
This primer provides an in-depth overview of buyouts, including types and characteristics, the investment process, returns, risks, and the due diligence process.
Annual Analysis of College and University Investment Pool Returns: Fiscal Year 2015
This report reviews portfolio returns, asset allocation, investment manager structures, and net flow data for 162 colleges and universities. Analysis and exhibits include performance attribution, risk analytics, policy portfolio benchmarking, the impact of private investment programs on portfolio liquidity, the use of external managers by asset class, and net flow rates.
Is the US Market Drop Just a Hiccup in a Continuing Bull Market, or the Beginning of a New Bear?
In this edition of CA Answers, two members of our research team debate whether markets have entered a new bear phase.
RMB Risks
While a currency crisis in China can be avoided, much depends on investor psychology and how China manages the capital account.
CA Perspectives: Fall/Winter 2015
In this issue we discuss why hedge funds continue to be an important component of diversified portfolios and what it takes to find the top-performing funds; analyze conventional wisdom on hedge fund success factors to examine which rules of thumb hold water and which have some leaks; provide insights on tax-efficient hedge funds for private client investing, highlight David Druley’s new role as President and Head of Global Investments, and profile Main Line Health.
Energy MLPs: Opportunities in the Pipeline?
MLPs have had a volatile few months and yields have skyrocketed; investors with a long-term time horizon should find the sector appealing.
Australia Outlook 2016: Déjà Vu All Over Again …
Investors should be prepared for 2016 to look similar to 2015, with high volatility and poor returns for risk assets.