In this edition of VantagePoint, we examine the historical context of the dollar, outline why we believe the recent decline is likely part of a multi-year bear market, and discuss strategies investors can use to reduce their dollar exposure.
The first paper in the series introduces the current state of AI as a technology, compares its evolution to prior technological shifts, and briefly outlines future potential trajectories. Part 2 explores how AI may reshape productivity, and the market’s reaction in investment terms. Part 3 addresses the extensive implications for asset allocation and provides guidance on how investors can position themselves for the various disruptive forces that may be unleashed.
This first paper in the series introduces the current state of AI as a technology, compares its evolution to prior technological shifts, and briefly outlines future potential trajectories.
As the second piece in a three-part series, we examine how AI may support productivity growth and how capital is being deployed to realize its potential.
In this piece, we explore AI’s transformative potential for asset allocation opportunities and risks, as well as key implementation considerations and challenges.
Robust valuation practices are essential in operational due diligence to protect against financial, regulatory, and reputational risks and to mitigate conflicts of interest. As such, it is crucial to assess the strength of a manager’s valuation processes, policies, oversight, and governance, ensuring these are tailored to the fund’s strategy and align with industry best practices.
Given the fluidity of the situation in the Middle East and the uncertainty surrounding how events may unfold, we believe most investors should not make changes to portfolios in response to this event.
New tax provisions in legislation recently passed by the US House of Representatives would impose millions of dollars of new costs on many colleges, universities, and private foundations, if enacted. We recommend four steps nonprofit organizations can consider right now to ensure they are well-prepared and responsive should the proposals become law
This paper explores the influencing factors and special considerations that are key to successful portfolio construction for private investors and wealthy families, and that are fundamental to the work that we undertake for our clients.
Overall, we think investors should hold EM allocations in line with policy targets. But periods of volatility and equity market dislocations often present opportunities for investors to add value through tactical portfolio tilts.