The debate that began several decades ago over the merits and shortcomings of active versus passive investment management is ongoing. In this white paper, Abbot Downing examines the advantages and disadvantages of each approach.
As of March 31, new rules regarding what constitutes a single-family office went into effect under Dodd-Frank's Private Fund Investment Advisers Registration Act. Those who do not qualify for a family office exclusion are now considered subject to regulation as investment advisors. This whitepaper looks at who the new rules impact and who qualifies for the exclusion.
Choosing an executor is one of the most important decisions individuals make when preparing their will. This white paper explains the executor’s role and offers insights into how you might choose an executor for your estate.
A family meeting held at an overseas destination can enable a family to impart values to younger generations, strengthen its legacy, and engage in hands-on philanthropic activities together. Learn how in this article.
The ongoing euro currency crisis has led to substantial declines in European asset prices. Measured relative to operating cash flow, European corporate assets are now selling at a 30% discount to the average of the rest of the world. While some portion of this differential can be explained by a weaker macroeconomic outlook, most of it is attributable to an increase in expected returns. Even if one assumes near-zero real earnings growth, the expected returns on European corporate assets exceed those available elsewhere in the world over an assumed five-year holding period.
The advanced needs and challenges facing ultra-high-net-worth investors require investment consulting strategies that are equally advanced. A mass market approach to asset management is not likely to provide such strategies, nor is an enhanced, or “super-sized” retail or high-net-worth solution appropriate. Rather, institutional quality investors must recognize that their financial position requires them to be treated like the world’s largest institutions.
While the European Union has made incremental progress in dealing with the Eurozone debt crisis, there still does not appear to be any "magic bullet" solution to the crisis. Market volatility remains likely without substantial new action from the European Central Bank.
The third quarter 2012 issue of Global Foresight focuses on emerging markets. David P. Harris, Chief Investment Officer, assesses prospects across emerging markets. Jimmy C. Chang, Senior Portfolio Manager, delves further into emerging market investment opportunities and examines the trajectory of the largest emerging economy, China.
In the aftermath of 2008’s “Great Recession,” businesses have been more risk averse and held larger cash reserves. This has been a mixed blessing, slowing growth while reducing the likelihood of another economic collapse.
After decades of decline, the U.S. manufacturing sector may be on the verge of a comeback. This resurgence is the result of numerous factors, including fast-growing wages in China and other emerging markets. While this developing trend should provide a modest lift to U.S. economic growth, certain industries and companies may stand to benefit more substantially.