US Manager Universe Statistics: Third Quarter 2016
This chart book presents representative long-only and hedge fund manager performance for third quarter 2016.
Equities
Elevated Valuations for “Smart Beta” Strategies: A Crash Waiting to Happen? We’re Not So Sure.
We see scant evidence that richening valuations doom popular alternative beta strategies to underperformance, or that they are the primary source of historical excess returns.
Eurozone Equities: Dialing Down Expectations
Though valuations for Eurozone equities remain attractive, waning earnings growth and the difficult macro picture keep us neutral for now, but continuing to watch closely as US valuations push ever higher.
US Manager Universe Statistics: Second Quarter 2016
This chart book presents representative marketable and hedge fund manager performance for second quarter 2016.
Review of Market Performance: Fiscal Year 2016
Investors grappled with the trajectory of global growth and the dramatic increase in negative-yielding debt in the year ended June 30, 2016. This brief chart book looks at returns and other market metrics for fiscal year 2016.
The 15% Frontier
With virtually limitless choices along the asset allocation spectrum, an allocation to private investments greater than 15% has served many investors well. Are you on the right track?
Has the Market Become Too Complacent Too Quickly?
The market has not become too complacent and continues to register the many potential risks on the horizon.
Scandal, Recession, and Impeachment, Yet Brazilian Stocks Are Flying
Brazil’s equity valuations, though by no means rich, are out of sync with its political uncertainty and economic distress.
What’s the Outlook for US Equities Given the Earnings Recession?
Risks to US equities remain firmly skewed to the downside, but as long as the Fed remains on hold and the twin earnings headwinds of weak oil/strong dollar continue to fade, US equities could continue to muddle along near recent levels.
US Manager Universe Statistics: First Quarter 2016
This chart book presents representative marketable and hedge fund manager performance for first quarter 2016.