Navigating the AI Revolution: Unlocking Productivity with AI Investment
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.
Investment Planning
Navigating the AI Revolution: AI’s Far Reach in Shaping Asset Allocation Opportunities
In this piece, we explore AI’s transformative potential for asset allocation opportunities and risks, as well as key implementation considerations and challenges.
ODD in Focus: Valuation
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.
Market Response to US-Iran Escalation Limited So Far
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 Taxes on Endowments and Foundations? Four Steps to Take Now
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
Portfolio Construction: A Blueprint for Private Families
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.
EM Equity Performance Reflects Initial Tariff Risks
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.
Is Gold’s Rally Sustainable?
No, we don’t think so. For most investors, this is more likely a time to take profits on gold rather than initiate new allocations.
US Policy Changes Highlight Need for Portfolio Diversification
After a prolonged period of US outperformance, many investment portfolios have become heavily concentrated in US equities, but recent policy shifts now challenge US economic and financial hegemony. Investors should carefully evaluate these exposures to determine if greater diversification is warranted.
Should Investors Add to High-Yielding Credit Allocations, Given the Recent Rise in Spreads?
No. We believe it is too early to add exposure to US high-yield bonds and broadly syndicated loans, as spreads for most assets are merely back to around their historical medians and could move higher from here if economic growth deteriorates.