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The Golden Age of Monetary Policy (1980-2019) has ended and the Post-Monetary Era has begun. This episode explores the consequences of the COVID pandemic's dramatic impacts on the economy and financial markets.

The current-hedging strategies have become increasingly popular as investors seek higher returns and diversification. But when the strategy is applied to emerging market portfolios, it is an entirely different ball game. If you are considering implementing the strategy, consider that it might not be worth playing due to the time and expense required.

As family offices have grown in number, size and sophistication, they have increasingly looked to invest directly. Largely, the pursuit of direct investing opportunities has been driven by several factors, including the desire for increased control, better alignment of interests, reduced fees and expenses, and higher returns. While the appeal of direct investing is clear, building a robust investment process and team to successfully source, conduct due diligence, and execute on the opportunities is a challenging endeavor.

In an industry that relies on speed and innovation to close deals and drive returns for investors, the absence of face-to-face meetings amid the coronavirus pandemic is one reason the M&A activity in the private equity sector has had the most sudden drop-off since the Great Recession. Now private equity firms must transform quickly, and innovative practices are needed to drive more lucrative deals.

Equity markets have priced in an optimistic scenario of earnings recovering to pre-COVID-19 levels by the end of 2021—a V-shaped recovery. While it is within the realm of possibility, there is considerable risk to this scenario. We consider what conditions could support a V-shaped recovery, and circumstances under which other, more gradual recoveries would likely prevail. We also explore some possibilities about how COVID-19 will change behavior and demand preferences over time.

The coronavirus pandemic hasn’t slowed private equity firms’ interest in putting their cash to work in distressed firms. Although deal activity has been down, general partners in private equity firms are still searching for value wherever they can find it. At the same time, the declining valuations have created a push and pull in the private equity market of whether to sell or hold.

When forecasting any investment assumptions, it is important to take a look at the factors that shaped the past decade and those that will influence markets moving forward. From that vantage point, this year’s Capital Market Assumptions report provides strategic asset allocation models and shifts based on shorter-term market opportunities.

Coming into financial independence and taking on more responsibilities for your own income and spending is both a liberating and intimidating experience. To help navigate some of the most important and common financial and investment decisions, a collection of articles is provided for guidance. The goal is to help break down complicated concepts into laymen’s terms and provide illustrations and tools for thinking through cash flow and investment decisions.

Traditional benchmarks don’t work for taxable investors seeking to put their after-tax performance in perspective. The solution are customized benchmarks, which means knowing how to calculate your own personal index. It’s not a simple task, but it’s essential for any manager who wants to look credible in the tax-management space, and it’s now more feasible with skillful deployment of technology.

When an unforeseeable or disruptive event occurs—such as the COVID-19 pandemic—the transaction parties must look back at their real estate agreements and reassess their standing, rights, remedies, recourse, and relationships. To ensure good business judgment, the review on the provisions of your real estate contracts should include addressing the three common questions asked.