Well-diligenced private investments in a skillfully constructed portfolio are important growth drivers that have helped pension funds deliver superior performance and increased the probability of meeting or exceeding long-term required returns.
Real assets play a variety of roles in a portfolio, including driving growth, generating income, providing diversification, and preserving wealth. Sizing of real assets holdings and the composition of a real assets portfolio should be driven by both investor needs and the intended role of these assets in the portfolio. Generally speaking, portfolios holding real…
Fundamentals and share prices have come under pressure for natural resources equities this year, but we continue to believe they offer strong long-term return prospects.
For value-biased investors, energy master limited partnerships (MLPs) are (somewhat suddenly) more appealing than they have been in several years.
This chart book presents representative marketable and hedge fund manager performance for second quarter 2015.
This chart book presents representative marketable and hedge fund manager performance for first quarter 2015. The median Global ex US Small-Cap Equity manager posted the highest return (5.9%) for the quarter; the median manager in this asset class returned -1.6% for the one-year period ending March 31, 2015. The median US REIT manager posted the highest…
The fast-growing but still limited liquid alternatives product suite is unappealing today for most institutional investors, when compared to the broader hedge fund landscape. In certain limited instances the strategies could have a role to play in some portfolios: For investors with small pools of assets that cannot access hedge funds directly, liquid mutual fund…
This chart book presents representative marketable and hedge fund manager performance for fourth quarter and calendar year 2014. US Real Estate Investment Trust (REIT) managers posted the largest median returns for the fourth quarter (14.2%) and the one-year period ending December 31, 2014 (31.2%).
The Economics of Oil: Crude Hope and Complicated Reality Stephen King, HSBC, December 5, 2014 The plunge in oil prices over the past few months has been dramatic but is by no means unprecedented. While the global economy might benefit from lower prices as it has in prior declines, other factors present today suggest the…
The current decline in oil prices may offer long-term return opportunities for patient investors that can tolerate volatility Current oil prices appear sufficiently low as to encourage production declines over time as drilling activity wanes, even absent shutting-in of existing wells. The time required to move from production growth to production decline may be shorter…