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The authors contend that there is a better approach than the Sharpe ratio or mean variance optimization (MVO) with respect to hedge fund portfolio analysis: the Omega equation. In their view the equation that adds to mean and variance, captures all of the higher moment information in the return distribution, incorporates sensitivity to return levels, and is intuitive and relatively easy to calculate.

Pre-IPO investing is one of the themes in the market today. There are in London many, many firms dedicated to the sales of shares in this area. It is often said that pre-ipo investing should be avoided as anything worth buying does not need to be sold.

This paper will examine ways to lessen six of the greatest risks to preserving and enjoying multigenerational wealth. These six risks are: concentrating your assets, overspending, overusing leverage, poor tax planning, not attending to liabilities, ignoring family governance

This article argues that real estate has become an integral component of diversified investment portfolios, and that exposure can be obtained via private equity structures. Institutionally sponsored, these funds can expose the investor to core, core-plus, value-added, opportunistic, joint-venture, private placement and retail syndication investment strategies. The initiators of these funds have devoted significant time and attention to the science of aggregating equity capital.

This article implores investors to draw conclusions about an investment manager not on the basis of numbers - past performance - but rather all the factors you can explore without looking at their track record. Once you have formed your opinion, see whether it tallies with the manager's track record.

Asset Diversification

Heritage Finance & Trust Company, Geneva, Switzerland, was founded in 1986 in Switzerland as a single family office providing financial advisory and portfolio management services. Over time, Heritage has evolved into a multifamily, multi-client office as it has seen demand for its services increase from an extended circle of family members and their related connections.

There is rarely any dissension over the assumption that future investment results are shaped by present-day conditions. Underpromising, or assuming future returns will fall below historic averages, may appear unduly pessimistic. Yet, adversity is best confronted when it is expected. With prudent expectations and some guidance, your investment portfolio can have a foundation to overdeliver when the pendulum changes course. Explore pockets of opportunity to take advantage of what the markets have to give in a modest return environment.

Change is in the wind. After a challenging 2015, the investment landscape for 2016 will be defined by a new course for monetary policy and political leadership, a new primary catalyst for stocks and an altered roadmap for credit markets, and for energy. Looking ahead at these asset classes—U.S. equities, international equities, fixed income, commodities, hedged strategies, and private markets—can provide a good sense of the investment outlook over the next twelve months.

Volatility in global equities subsided in the Fourth Quarter of 2015; however, 2016 will likely see multiple spikes due to the follow-through from low oil prices and concerns over China. Other current and fluctuating conditions of global capital markets add to the volatility. Amidst the turmoil, growth should stabilize in 2016 with the impact of China deceleration concerns likely to abate, Japan and Europe being on more stable footing for growth, and the CapEx revival in Europe.