Congress on December 20, 2017 gave final approval to the House and Senate conference committee agreement on tax reform legislation (HR 1 or the Act).
For a majority of impact investors, impact investing means seeking a general or specific environmental, social, or governance outcome, in addition to a financial return, from their investments.
Portfolio companies of private equity and venture capital funds often provide equity-based compensation to employees.
Equity markets around the globe advanced into new high territory in October, with the S&P 500 posting a total return of 16.9% YTD. Global fundamentals remain supportive with many indicators signaling the potential for further gains. While volatility has been notably absent from markets this year, and as each dip seems to bring a fresh wave of buyers, in life it is never a good idea to be complacent. Extended periods of economic growth and rising markets can obscure underlying structural imbalances which often become strikingly obvious when a “relief valve” is triggered.
New discoveries and venture capital investments in the bioscience industry are occurring at a breathtaking pace and have led to the emergence of “personalized medicine” which recognizes the need for tailored treatments. From genome sequencing to CAR T-Cell therapy, scientific medical discoveries are having a significant impact on the human condition and their influence will continue to grow in the future.
Impact investments can be made in all corners of the world, in frontier and emerging markets, developed economies and our local neighborhoods. When successfully implemented, impact investing can potentially produce a sustainable pool of capital that can work for generations, as well as help align financial capital with your passions, beliefs and objectives.
The term “Outsourced Chief Investment Officer” (OCIO) has gained popularity in the investment industry as investment consultants, banks and small wealth management firms are now offering OCIO services to foundations, endowments and nonprofits. You may be considering this model instead of the self-managed or consultant model used in the past. To help your organization evaluate potential OCIO providers, we recommend taking the “T” test.
Wealth management advisors have long recognized the value of tax loss harvesting. In this session, Paul Bouchey, the chief investment officer at Parametric, debunked some of the myths surrounding tax loss harvesting and provides a more realistic picture of what to expect from tax management strategies in the context of an equity portfolio.Myths:
The most important risk to a family is not meeting your goals, not loss in your portfolio, according to Ashvin Chhabra, author of The Aspirational Investor and the landmark paper Beyond Markowitz: A Comprehensive Wealth Allocation Framework for Individual Investors. Ashvin will offer a practical, innovative framework for making smarter choices about aligning your goals to your investment strategy.
Like the Fink Family, a growing number of families are investing directly into impact companies and for good reason. There are great investment opportunities and investors can pick the specific type of positive impact they would like to see (sustainable fishery, renewable energy, financial inclusion, etc.). But investing directly into companies efficiently and effectively requires a different acumen and infrastructure than investing in public markets.