This paper argues that policy portfolios have been misrepresented as inflexible constructs, set in stone by means of efficient frontier analysis, and are incompatible with tactical and opportunistic investing. The appendices discuss the use, abuse, and methodology of portfolio optimization models.
A look at where things are and what steps investors should take if/when the crisis returns.
Although China boasts vast investment potential, all but the most intrepid and well-informed investors should either focus on indirect investment or simply study the economy and markets to prepare for possible investment in the future.
The foremost areas of concern for global investors and their implications for asset allocation strategies.
Typically, private equity investors interested in Asia have been more impressed with its potential than with the tangible opportunities—but this may be about to change.
This short paper reviews asset class valuations and offers summary asset allocation recommendations.
This paper speculates that while some of the excess from the equity bubble years has been worked off, the secular bottom will probably not arrive until valuations improve and despair reaches levels proportional to the preceding bull market euphoria.
This paper speculates that while some of the excess from the equity bubble years has been worked off, the secular bottom will probably not arrive until valuations improve and despair reaches levels proportional to the preceding bull market euphoria.
This report suggests preconditions to the selection of appropriate benchmarks and the flaws inherent even in careful selection. Discrete sections for public market investments, marketable alternatives, private equity, and real estate are included.
The U.S. dollar continues to slide against other major currencies, prompting concerns about how institutional investors can hedge against the possibility of a more vicious drop in the greenback.