The big difference between 1999, 2007, and today is the lack of a fundamental trigger to upset the apple cart. The current environment is potentially more dangerous and more durable than the prior two periods.
This white paper reviews how the new landscape of energy in the U.S. is changing the national discourse on energy independence, influencing our economic recovery and offering opportunities for discriminating investors.
While subdued inflation and low bond yields have been key common features across major economies in the current growth recovery, the divergence in labour market dynamics has been striking. Whereas the rise in Euro area unemployment has barely been dented, the fall in US or UK unemployment has been faster than anticipated.
Our Convergence thought leadership focuses on transformative technologies in the early 21st century. Insights and data shared demonstrate the significant impact these integrated technologies will have on virtually all industries and people worldwide for years to come.
Many families have significant wealth tied up in the publicly traded shares of a single firm. Concentrated exposure to a single stock—often the family’s original source of wealth—represents a significant risk to the family’s wealth and its future spending and charitable-gifting power. Emotional ties to the company that may have made the f...
The phenomenal success of Yale's endowment has been an inspiration to many investors. However, if Yale’s endowment had to pay the same taxes as individual investors, its portfolio would be constructed very differently. This paper presents a simple model for incorporating tax considerations into a pretax asset allo...
The phenomenal success of Yale's endowment has been an inspiration to many investors. However, if Yale’s endowment had to pay the same taxes as individual investors, its portfolio would be constructed very differently. This paper presents a simple model for incorporating tax considerations into a pretax asset allo...
Periods of economic boom and bust have been a fixture in academia. Many credit Arthur Burns and Wesley Mitchell for formulizing our present day construct of the business cycle in their 1946 book, Measuring Business Cycles. In most teachings, the economy is neatly categorized into trough and peak, expansion and contraction. The dates of such periods...
Throughout our history, investors have utilized a combination of both “active” and “passive” investment solutions to solve for client needs. This paper provides a perspective on the ongoing debate over the advantages and shortcomings of these vehicles and details the importance for each client to have the right mix in order to position them to achi...
Russia is becoming a very attractive destination for Chinese investors primarily due to its natural resources and the capacity of the domestic market. However, there is a significant disconnect between the attractiveness of the Russian market and hands-on knowledge of it: 91% of major Chinese businesses find the Russian market attractive, but less ...
Global technological advances could signal the dawn of a robot revolution as automated mobile machines move beyond the factory floor into our everyday lives. This white paper discusses the financial and social benefits advanced robotics could bring to the global economy.
Investors have several decisions to make when investing outside of the United States. Some of those questions include which countries they want to be exposed to and whether they want to be exposed to equity or debt instruments within those countries. This white paper provides insight into the currency decision as it relates to investing in global f...
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 ob...
According to a Norwegian linguist, the Sami people living in northern Russia and Scandinavia have 180 words for snow and ice. It seems that there are nearly as many terms for investment strategies designed specifically for societal impact. A few of the terms being used today include: “socially responsible investing,” “ESG in...
Altantic Trust Private Wealth Management provides insight into the financial markets in its Economic and Investment Overview for the second quarter of 2014, some highlights include:- Economy: Mostly good newsU.S.: Q1 likely weakest quarter of the year. 3% real GDP growth expected for full year.- Policy: Fed action unfolding as expectedFed policy re...