The FOX Private Family Capital Investment Survey (PFCIS) brings together the perspectives of over 150 family offices worldwide, sharing thoughts of family office investment teams across the globe, including sentiments about the market, direct investing, impact investing strategies and the family operating businesses, to aid with benchmarking performance and inform decision making. This survey goes beyond traditional family office investment strategies by introducing the Enterprise Capital approach, capturing how family offices actually approach wealth creation and preservation.
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The Money Maze Podcast: “The Consultant’s Edge” — Are Investment Consultants Indispensable?
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In this episode of The Money Maze Podcast, NEPC's Michael Manning discusses the evolving role of investment consultants, highlighting how they help institutional investors navigate complex markets, build resilient portfolios, and make strategic, long-term decisions. The conversation explores whether these consultants are indispensable in an increasingly dynamic investment landscape.
Opportunities have increased significantly in frontier markets debt as more countries have made a conscious effort to open their capital markets to international investors and currencies have become more fairly valued. As a result, the time may be the right for an allocation to frontier markets debt through a dedicated strategy. In this paper, we take a closer look at both the potential benefits a frontier debt portfolio can add to an investor’s portfolio, discuss our investment process, and explain how the risks inherent in this asset class can be handled.
Why Equity Investors Should Look Beyond Tech
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It’s no secret that artificial intelligence (AI) is a pivotal force in the current technological transformation. But as Vanguard Global Chief Economist Joe Davis explains and as their research on AI, demographics, and the U.S. economy suggests, it may not be wise to focus solely on tech stocks for investment outperformance. In this discussion with Davis, learn more about the potential investment implications and why equity investors should look beyond tech.
While 2024 saw global asset prices reach record highs, family office investors may benefit from reassessing both their expectations and how their investable assets are positioned for the future. We explore the possibility of a shifting investment landscape and why the years ahead may present a more challenging backdrop for sustaining and growing wealth. 2025 FOX Foresight is presented in 8 chapters and can be viewed here, or individually in the "Related Resources" column below.
Amid evolving global dynamics, emerging market corporate debt offers ample and compelling investable opportunities. The diversity of the asset class gives investors a wide spectrum on which to effectuate their views and investment strategies. But investors should navigate with caution and take note of the five themes that will have a notable impact on the asset class: net supply, U.S. policies, crude oil, the trajectory of interest rates and impact on financing costs, and improved default rates.
Private credit investments have experienced a rapid evolution over the past decade. Market conditions have helped to shape what may be a particularly auspicious cycle for the asset class. Higher interest rates and changing credit market dynamics have created attractive opportunities for private investors and wealthy families—but proper due diligence and implementation is essential. Allocations to private credit can be additive to overall portfolio positioning.
Investing Globally Across Asset Classes: Trends, Challenges, and Opportunities | 2024 FOX Global Investment Forum
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Rick Rieder, CIO of the largest asset manager in the world joins us to share his perspectives across asset classes and global markets. We will cover key topics such as the US & global economic outlook and opportunities across public and private investment strategies, including sectors expected to outperform and an overview of the key macro and geopolitical risks we should be monitoring. We will leave time for questions so please come prepared to engage. Rick Rieder, CIO, BlackRock
2024 FOX Foresight: Investing in an Age of Change
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Investors are processing more data more rapidly than ever. For family offices, sticking to their principles and investing within a risk-adjusted framework has never been more important. With a greater number of opportunities, success will require families to reflect upon what has and has not worked, clarify the sectors or strategies where they have a differentiated, competitive advantage, and recognize more patience and thoughtful decision-making is required.
No Surprises: Managing Risk in Family Portfolios
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Creating portfolios that are customized to a family’s unique investment goals and risk tolerance requires ingenuity and flexible thinking. However, the execution of risk management should be more systematic. Ultimately, the effective investors employ a risk management framework that accounts for potential risk at every stage of the investment process—one that considers four crucial components: strategic risk, implementation risk, portfolio monitoring, and communication.