Reporters and Wall Street strategists alike have stumbled upon a new catch phrase—“The Great Rotation.” This follows other recent favorites including “The Financial Crisis,” “Great Recession” and “New Normal,” each meant to encompass a broad definition of a particular market environment.
Most families, like many portfolio managers, invest a great deal of time and energy into understanding the potential return streams from their investments. This paper explores the benefits of allocating some of that focus and energy to better assessing the risks that they may be assuming. The benefits of taking a more structured view of risk can extend well beyond portfolio performance to include more confident decision making, enhanced alignment between the stakeholders and a calmer mindset during turbulent markets.
In the second quarter 2013 issue of Global Foresight, Rockefeller & Co. provides an outlook for a range of asset classes. David Harris, Chief Investment Officer discusses the current status of the equity markets. Mark Iannarelli, Director of Fixed Income, and Matthew Gelfand, Senior Economist, explain how bond portfolios are at risk of a cyclical drop in prices over the next few years, but conclude that major allocations away from fixed income would be premature. Victoria Melendez, Managing Director, writes on the relative merits of private equity in a low interest rate environment.
Wealth owner and family office investment performance bounced back in 2012. So how are these investors feeling about the economy and planning for 2013? FOX will dig into the results of two recent investment surveys to provide a look at both ends of the market - self-directed wealth owners with less than $100M investable and families with family offices and assets in excess of $100M. This presentation will profile the asset allocation and investment performance of these two groups, along with their top concerns and views on strategic investment opportunities for 2013 and beyond.
This guide sheds light on many of the issues facing taxable investors today and provides strategies for surviving and thriving in the new world of higher taxes.
This paper outlines a new core investment strategy for equity investors by combining three themes into one overall process that provides higher reward per unit of risk and a significant reduction in extreme risk/losses.
The author discusses long-term investing for the wealth expansion portfolio – assets available after shorter-term needs are met – to capitalize on medium-term market dislocations and opportunities as well as longer-term economic, social and geopolitical trends and themes. Trends from the past 25 years are discussed as well as five investment themes for the decade ahead.
Certain signals suggest that individuals are prepared to return to higher risk, higher reward markets. The combination of conditions in bond markets and the long-term outlook for the global economy have some analysts calling for what has been coined ‘The Great Rotation’ – a transformational shift of capital from bond funds to equity funds.
This study finds optimism returning to Europe’s real estate industry. Sentiment among industry leaders about the prospects for their businesses is more positive than at any time since 2008, despite the uncertain macroeconomic outlook. Equity for investment in prime commercial real estate is expected to increase, but bank debt is predicted to contract further.
Investors and investor representatives are often uncomfortable with managed futures because they believe that it is a "zero sum game." This belief endures in spite of managed futures' consistent long-term returns with lower historical volatility than asset-backed securities such as stocks. This white paper looks at the benefits of futures trading as an investment strategy.