In this issue of Eton’s Investment Outlook, the firm describes how Modern Portfolio Theory has ruled the financial seas for the past 60 years, its shortcomings, and why they view goals-based investing as a better framework.
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The goals-based investing framework utilizes Abraham Maslow's “hierarchy of needs” approach by defining, quantifying and prioritizing financial goals across multiple family generations. The brilliance of this process is that it recognizes something very fundamental about our financial behavior: We assign different levels of priority to different goals, and are willing to tolerate different levels of risk in pursuing those respective goals.
This white paper details strategies that take advantage of today’s favorable wealth transfer climate, and some important planning ideas designed to prepare your estate for the uncertainties of 2013.
Understanding the exposures involved with direct private equity investing as well as the insurance solutions to address those exposures is essential when implementing a direct private equity investment strategy for family offices.
Over the past 20 years, economic, political and technological events have led to a dramatic growth in Emerging Market economies. Increased globalization, the dissolution of the communist bloc and the opening up of previously inaccessible markets such as China have all played a part in the expansion of investment opportunities in these countries, which has in turn helped to reshape the investment universe in Emerging Markets. The Emerging Market corporate bond market has become particularly appropriate for a wider range of investors due to its size, liquidity and improving transparency.
The four articles in this paper provide investment perspectives on the U.S. recovery, the Eurozone crises, the nature of China’s landing and whether policy makers have unleashed deflation or inflation.
The increase in ultra-high net worth families around the world—especially in the emerging economies of Asia, the Middle East, and Latin America—makes family offices a growing force in the global investment market. But if family offices are to live up to the high expectations of their client families, they must offer an exceptional level of service. To meet these service expectations, family offices need to have a sophisticated technology infrastructure in place.
The cloud is the hottest buzzword in the technology industry right now. The whole subject of cloud computing, however, is often clouded — so to speak — by a lot of technical terminology and marketing hype. This white paper is an introduction to cloud computing written specifically for investment managers. It explains what cloud computing is, describes the different forms it comes in, identifies how it can be useful to investment managers, and maps out the most common concerns and pitfalls of moving to the cloud.
This basic primer for investment managers provides a thorough introduction to exchange-traded funds – what they are, how they work, why they can be useful – and examines why regulators have been taking a closer look at them lately.
In today’s post-Madoff era, investment advisors are under increased pressure to prove that they are adhering to a growing range of directives, restrictions, policies and regulations. The challenge for Chief Compliance Officers is to understand the risks associated with each of these three drivers of compliance and how they can be mitigated.