Are California Carbon Allowances an Attractive Investment?
Yes, California Carbon Allowances are an attractive investment opportunity, though they come with political tail risk.
US
US Tariffs Increase Market Risks
Yesterday (April 2), US President Donald Trump announced sweeping new tariffs targeting nearly all US trading partners.
US Manager Universe Statistics: Fourth Quarter 2024
This publication presents manager performance for 37 asset classes and substrategies, showing the median, mean, and key percentiles of return. Relevant indexes for each asset class are also included to provide market context.
The Pension (Re)volution: How the Hybrid Approach is Reshaping Retirement Plans
Although no single strategy can address all challenges related to saving for retirement, adopting a hybrid approach represents a significant initial step toward improving retirement savings outcomes—for employers and employees alike.
Review of Market Performance: Calendar Year 2024
Most risk assets enjoyed strong returns in the calendar year (CY) ended December 31, 2024. US equities led on better-than-expected economic data and AI-related growth.
Do US President Trump’s Initial Policy Decisions Put Energy Transition Investments at Fundamental Risk?
No, we believe the long-term investment thesis on the energy transition remains intact.
Under the Microscope: Private vs Public Company Operating Metrics for US Companies
Our US private equity operating metrics analysis highlights the key levers and value drivers in private equity, and explores a risk and return comparison between private equity and public equity.
VantagePoint: Avoiding Five Key Investment Pitfalls
The start of the year is an ideal time to review investment practices and procedures to ensure you are set up for success. In this edition of VantagePoint, we outline the following five key investment pitfalls that can steer investors off course and offer guidance on how to avoid them: 1) Taking too little risk; 2) Firing excellent managers after a bout of underperformance; 3) Sizing individual positions too large; 4) Misunderstanding liquidity risk; and 5) Failing to exercise strong governance.
Will President Trump’s Proposed Policy Initiatives Drive More US Large-Cap Equity Outperformance?
No, we don’t think so. While President Donald Trump made numerous campaign pledges that could be seen as beneficial, US large-cap stocks will need more than policy shifts to outperform US small-cap stocks in 2025.
US PE/VC Benchmark Commentary: First Half 2024
In the first half of 2024, returns from US private equity and venture capital were modest. Both private asset classes have struggled to keep up with the public indexes over the past three years, but have performed well vis-à-vis public peers over longer time periods.