The importance of Biden’s veto to save the DOL rule was not about assessing ESG factors. It was about affirming the role of the fiduciary in investment advice.
Sixty-six million Americans currently receive monthly benefits from Social Security, which, if nothing changes, is expected to be insolvent by 2035 at the latest. It’s time for Americans to take a greater role in their own retirement planning.
Fears of bank runs precipitating a broader financial crisis helped spark a surge in bullion buying this week.
Month-over-month nominal retail sales in January were down 0.4% and up 5.4% YoY. However after adjusting for inflation, real retail sales decreased by 0.8% and were down 0.6% YoY.
If marked to market, assets purchased during quantitative easing are in the red.
China can match the US in artificial intelligence thanks to the expertise of companies from Alibaba to Baidu, joining a global tech transformation that will dwarf the mobile revolution, according to industry pioneer Kai-Fu Lee.
Regulators' prompt response and the creation of a new lending facility should limit broader market fallout from recent bank failures, notes Chief Investment Officer Larry Adam.
International Women's Day is a global observance that recognizes and celebrates women's social, economic, cultural, and political achievements.
The problem with speculation is that there’s usually a gap between the underlying risk and the inevitable outcome.
A new exchange-traded fund is making the case that having women at the top of corporations translates into better returns.
Take a look at real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq composite since 2000. We've updated this through the February 28, 2023 close.
Before making a hedge fund investment, investors and their advisors should consider four key questions.
Machine learning shows great promise for empirical asset pricing and has the potential to improve our understanding of expected asset returns.
More women in senior roles will support the long-term success and sustainability of emerging markets.
It’s a time-honored tale. A new force enters the market — quantitative easing, leveraged ETFs, high-frequency trading — and a cottage industry on Wall Street is born devoted to exposing the risks it supposedly poses for investors.
Medical Properties Trust’s dividend at the 2022 rate of $1.16 is safe even if Prospect, its third-largest operator, does not pay a single cent in 2023.
In recent years we have witnessed a surge in sovereign bond defaults in emerging markets.
As President Joe Biden’s administration prepares to accept requests for $39 billion in funding to jumpstart US production of microchips, his commerce chief emphasized the program’s focus is strengthening national security rather than boosting struggling chipmakers.
A gold IRA is one way to diversify your retirement portfolio. It can protect your savings from plummeting in the event of a stock market crash or high inflation.
Personal income (excluding transfer receipts) in January rose 0.71% and is up 7.1% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) MoM was up 0.09% and was up 1.6% year-over-year.
MPW’s dividend is safe.
The world of exchange-traded funds — still synonymous with passive investing — is turning into a battleground for Wall Street’s biggest players as they compete for a slice of the active-management industry.
The common narrative is that we’ve (the US) been enjoying a long period of globalization and now that it is going into reverse, it will upend many of the benefits brought by globalization, to the US in particular.
Sound policymaking has helped India modernize and achieve robust economic growth, positioning it to become an increasingly important player on the world stage.
When it comes to the clients they serve, advisors need to think about the now and the new, not the next, and step up their offerings in key areas.
Something like the plot of Atlas Shrugged seems to be playing out across America.
Passive equity investing has retained its dominance and outflows from active portfolios have continued amid the market and macro shocks of the past year.
Morgan Stanley has picked an interesting moment to press ahead with expanding its offering of ESG-themed funds.
The United States must grasp the opportunity that the money revolution has made possible by undertaking a government-financed investment program in 21st century industries and technologies on such a large scale that it would be certain to succeed.
Traders wagering this week on the Federal Reserve lifting its benchmark interest rate to 6% are still aiming way too low, according to Dominique Dwor-Frecaut.
After a bruising 2022 for equities globally, Value stocks in the U.S. have become attractive in an absolute sense and worthy of inclusion in one’s portfolio.
The stakes in the race for generative AI are rising.
One of many things to break in last year’s market rout was a decade-long stretch in which gains in stocks overwhelmed gains in wages.
The recent embrace of so-called liquid alternatives by ordinary Americans seeking to fund their retirement is deeply troubling.
Three decades after helping give birth to the ETF industry, Morgan Stanley is officially back in the game in what could be a milestone moment for the investing world.
How many times have your clients or employees stalled and failed to take action? And then their stall had you managing the fallout?
A slowdown in US economic activity this year is likely to impact most states, which could face budget deficits, according to Jennifer Johnston, Franklin Templeton Fixed Income’s Director of Municipal Bonds.
Annie Duke’s latest and best of her books, Quit, is on making decisions under uncertainty.
Optimism is increasing on Wall Street, with investors hoping for a “soft landing” in the economy.
Investors have little confidence in US stocks even after this month’s surge, fearing weak corporate earnings could drag them back down.
The once-burgeoning realm of crypto and decentralized finance keeps imploding, presenting policy makers with a quandary: Should they just let it burn, or step in to address its now-obvious flaws?
Older advisors need to step aside and make room for the up and comers.
A recession is two consecutive quarters of economic contraction.
If you are competing with the best of the best, how do you rise above the competition?
Paying down student debt or saving for retirement can seem like mutually exclusive goals. A little-known workplace benefit could soon allow more workers to do both.
Advisors can illustrate the risks in single-stock positions by educating their clients on the historical evidence that demonstrates diversification is the prudent strategy.
Amazon.com Inc.’s cloud unit will spend $35 billion on new data centers in Virginia by 2040, underscoring its determination to stay ahead of rivals Microsoft Corp. and Alphabet Inc.
There are many reasons advisors should avoid social media marketing.
I learned a lot in 2022. Here were my biggest epiphanies.
Wall Street bond dealers are moving rapidly to the sidelines of US Treasury auctions — the very activity that defines their status at the heart of the world’s biggest bond market.
The Federal Open Market Committee’s 12 voting members differ on where they think interest rates should go this year. But we know they’re unanimously against cutting rates until at least 2024—or at least they were as of December, according to that meeting’s minutes.
Each year presents its own challenges, and 2023 is no exception, with economic uncertainty riding high, geopolitical tensions rising and the policy landscape shifting.
The 68-year-old retired landscaper first started investing in Tesla Inc. in 2012 after hearing about Elon Musk, who wasn’t nearly as famous at the time.
Our 2022 ESG manager survey findings reinforced our belief that the integration of environmental, social and governance (ESG) factors into investment processes is here to stay.
The California Public Employees’ Retirement System is making a $1 billion wager that small private equity firms without the heft of the biggest buyout institutions can boost the pension giant’s returns and clout.
At KCR, we believe in the Quantamental Investment approach–a strategy that leverages the most useful aspects of both quantitative investing and fundamental investing.
European bond-market performance was among the worst on record in 2022, as Europe ran the gamut of geopolitical, economic and market storms.
The $6.5 trillion US ETF industry boomed in 2022 as innovative product debuts and market volatility fueled a near-record number of launches. But the fanfare revealed a major flaw in the space: the lack of women helming the funds.
The March contract for the Bloomberg Commodity Index (ERH23) was down for the third consecutive day on Thursday. Since ending 2022 at 112.80, the contract is down 5.03 at 107.77.
Public and private real estate investments present a compelling opportunity in the current environment of high inflation and rising interest rates, according to Daniel Scher and Blair Schmicker from Franklin Equity Group.
In our Quarterly Strategy Report, we illustrate the relative attractiveness of select developed international sectors.
2022 wasn’t the easiest of years to handle for investors.
I’ve learned a lot through my work consulting with advisors. Here are some marketing insights to help you plan for 2023.
In some ways, the 2023 economic outlook for the US is locked in. The Federal Reserve’s goal is to push the rate of inflation back down to 2% over the next few years.
The Battery Belt is taking shape, and it’s creating a new economic development model where a college degree won’t be the ultimate qualification for jobs.
Savvy investors seized tightening credit markets this year to reshape the distressed investing playing field just as more companies look destined for default in 2023.
The US Treasury Department signaled some imported cars will qualify for electric-vehicle tax credits in the Inflation Reduction Act, a move that could assuage Asian and European allies’ concerns about the sweeping climate legislation.
Bear markets end with widespread capitulation while a chorus of the stock trader’s prayer (God, if you get me out of this mess, I swear I will never buy another stock) spreads through out the land.
Enjoy the latest Newsletter from Harold Evensky.
C6 Bank, the Brazilian digital lender backed by JPMorgan Chase & Co., is planning to double its loan portfolio to midsize firms as it diversifies beyond retail clients.
The end of 2022 can’t come soon enough for many in the banking industry. Sputtering capital markets, job cuts, raging inflation, the crypto meltdown and rising interest rates marked a year of upheaval.
The market dislocations and skyrocketing inflation of the last year put longstanding retirement maxims to the test and that test isn’t over yet.
Banco Bradesco SA, Brazil’s second-biggest bank by market value, plans to buy more minority stakes in tech companies to speed up its expansion in the US.
The big question heading into 2023 is the dreaded “R” word.
The following article provides an important perspective on Gen Z’s entrance into the workforce.
The dispiriting thing about the Securities and Exchange Commission’s 400-page proposal to re-engineer financial markets, and the response from outside the agency, is that lawyers and economists are arguing over questions that have easy technical solutions.
When a society embraces cognitive diversity, powerful outcomes can result. In this episode of The Active Share, Hugo sits down with Matthew Syed, a best-selling author, highly acclaimed speaker, and award-winning journalist, to discuss what it means to think in complex ways; the implications of moving away from group think; and how investors can benefit from diverse cultures and voices.
From the earliest days of artificial intelligence (AI) and machine learning (ML) in the 1950s, practitioners have spoken of using it for investment fund management.
As climate change moved higher on the Wall Street agenda, there had been fewer indications that financial giants took similar interest in the biodiversity crisis.
The breakthrough in nuclear fusion is likely to spark investment in the technology that could transform the global energy landscape with nearly limitless clean energy.
Global Investment Report's 3Q Update of the 2022 hedge fund survey.
By any measure, America is failing at that task. For the sake of the economy, society and even the environment, it must do better.
Rather than feudalism, we are headed toward hyper-capitalism, where each person is an entrepreneur constantly selling his or her services to the highest bidder.
We’ve broken down nine of the best 529 plans.
An alpha-oriented approach.
In his latest memo, Howard Marks weaves together some of the themes he’s explored in 2022 to explain what he believes really matters in investing and what doesn’t. He discusses the disadvantages of short-term thinking, the difference between volatility and risk, and the one word he believes defines the essence of investment excellence.
Are Chinese stocks good value? It’s a question we’re getting asked by a lot of clients. Some Chinese stocks may appear attractive from a valuations perspective – but you need to think differently about value investing in emerging markets.
Diversity & Inclusion
The Fiduciary is the "Decider"
The importance of Biden’s veto to save the DOL rule was not about assessing ESG factors. It was about affirming the role of the fiduciary in investment advice.
Pension Reform Showdown: Will The U.S. Follow France’s Bold Retirement Age Changes?
Sixty-six million Americans currently receive monthly benefits from Social Security, which, if nothing changes, is expected to be insolvent by 2035 at the latest. It’s time for Americans to take a greater role in their own retirement planning.
Could Bank Runs Lead to a Run on Gold & Silver?
Fears of bank runs precipitating a broader financial crisis helped spark a surge in bullion buying this week.
The Big Four: February Real Retail Sales Down 0.8%
Month-over-month nominal retail sales in January were down 0.4% and up 5.4% YoY. However after adjusting for inflation, real retail sales decreased by 0.8% and were down 0.6% YoY.
Central Bank Portfolios Are Underwater
If marked to market, assets purchased during quantitative easing are in the red.
China Can Quickly Catch Up to US AI, Says Venture Veteran
China can match the US in artificial intelligence thanks to the expertise of companies from Alibaba to Baidu, joining a global tech transformation that will dwarf the mobile revolution, according to industry pioneer Kai-Fu Lee.
Recent Bank Failures a Potential Game-Changer for The Fed
Regulators' prompt response and the creation of a new lending facility should limit broader market fallout from recent bank failures, notes Chief Investment Officer Larry Adam.
WISE Words from Women on International Women’s Day
International Women's Day is a global observance that recognizes and celebrates women's social, economic, cultural, and political achievements.
Pushing Your Luck
The problem with speculation is that there’s usually a gap between the underlying risk and the inevitable outcome.
Fund of Women-Run Firms Is Beating the S&P 500 Since Launching
A new exchange-traded fund is making the case that having women at the top of corporations translates into better returns.
The S&P 500, Dow and Nasdaq Since Their 2000 Highs
Take a look at real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq composite since 2000. We've updated this through the February 28, 2023 close.
Four Key Questions to Ask Before Making a Hedge Fund Investment
Before making a hedge fund investment, investors and their advisors should consider four key questions.
The Promise of Machine Learning
Machine learning shows great promise for empirical asset pricing and has the potential to improve our understanding of expected asset returns.
The Value of Women Across the Board
More women in senior roles will support the long-term success and sustainability of emerging markets.
Clueless Wall Street Is Racing to Size Up Zero-Day Options Boom
It’s a time-honored tale. A new force enters the market — quantitative easing, leveraged ETFs, high-frequency trading — and a cottage industry on Wall Street is born devoted to exposing the risks it supposedly poses for investors.
Medical Properties Trust: 11.26% Yield – The Risk is Priced In
Medical Properties Trust’s dividend at the 2022 rate of $1.16 is safe even if Prospect, its third-largest operator, does not pay a single cent in 2023.
Central Bank Portfolios Are Underwater
If marked to market, assets purchased during quantitative easing are in the red.
The Many Faces of Sovereign Default
In recent years we have witnessed a surge in sovereign bond defaults in emerging markets.
US Takes Security-First Focus in Doling Out $39 Billion Chip Aid
As President Joe Biden’s administration prepares to accept requests for $39 billion in funding to jumpstart US production of microchips, his commerce chief emphasized the program’s focus is strengthening national security rather than boosting struggling chipmakers.
What Is a Gold IRA?
A gold IRA is one way to diversify your retirement portfolio. It can protect your savings from plummeting in the event of a stock market crash or high inflation.
The Big Four: Real Personal Income in January
Personal income (excluding transfer receipts) in January rose 0.71% and is up 7.1% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) MoM was up 0.09% and was up 1.6% year-over-year.
Medical Properties Trust: 9% Current And Growing Dividend Yield
MPW’s dividend is safe.
Wall Street Asset Managers Race for $3 Trillion Active-ETF Prize
The world of exchange-traded funds — still synonymous with passive investing — is turning into a battleground for Wall Street’s biggest players as they compete for a slice of the active-management industry.
Mid-Quarter Update: The Globalization Myth
The common narrative is that we’ve (the US) been enjoying a long period of globalization and now that it is going into reverse, it will upend many of the benefits brought by globalization, to the US in particular.
India at a Crossroads
Sound policymaking has helped India modernize and achieve robust economic growth, positioning it to become an increasingly important player on the world stage.
Prepare to Meet the New Generation of Clients
When it comes to the clients they serve, advisors need to think about the now and the new, not the next, and step up their offerings in key areas.
White House Actions Raise Risks to Economy
Something like the plot of Atlas Shrugged seems to be playing out across America.
Mid-Quarter Update: The Globalization Myth
The common narrative is that we’ve (the US) been enjoying a long period of globalization and now that it is going into reverse, it will upend many of the benefits brought by globalization, to the US in particular.
Activating Equity Portfolios for Higher Rates and Inflation
Passive equity investing has retained its dominance and outflows from active portfolios have continued amid the market and macro shocks of the past year.
Morgan Stanley Doubles Down on ESG Despite the Politics
Morgan Stanley has picked an interesting moment to press ahead with expanding its offering of ESG-themed funds.
America Must Invest
The United States must grasp the opportunity that the money revolution has made possible by undertaking a government-financed investment program in 21st century industries and technologies on such a large scale that it would be certain to succeed.
Fed-Funds Call at 8% Vaults One Strategist Past the 6% Pack
Traders wagering this week on the Federal Reserve lifting its benchmark interest rate to 6% are still aiming way too low, according to Dominique Dwor-Frecaut.
What is Value? Methodology Matters
After a bruising 2022 for equities globally, Value stocks in the U.S. have become attractive in an absolute sense and worthy of inclusion in one’s portfolio.
Alphabet's $100 Billion Stock Swoon Shows AI Stakes Are Rising
The stakes in the race for generative AI are rising.
Bull Case on a Stock Crash Sees End of Fed Gifts to One Percent
One of many things to break in last year’s market rout was a decade-long stretch in which gains in stocks overwhelmed gains in wages.
Alternatives for the Masses?
The recent embrace of so-called liquid alternatives by ordinary Americans seeking to fund their retirement is deeply troubling.
Morgan Stanley Makes Historic ETF Comeback With Six New Funds
Three decades after helping give birth to the ETF industry, Morgan Stanley is officially back in the game in what could be a milestone moment for the investing world.
A True Story of the Cost of Inaction
How many times have your clients or employees stalled and failed to take action? And then their stall had you managing the fallout?
US Budget Season Implications for the Muni Market
A slowdown in US economic activity this year is likely to impact most states, which could face budget deficits, according to Jennifer Johnston, Franklin Templeton Fixed Income’s Director of Municipal Bonds.
How the Greatest Female Poker Player Reduces Risk
Annie Duke’s latest and best of her books, Quit, is on making decisions under uncertainty.
A “Soft Landing” Scenario – Possibility Or Fed Myth?
Optimism is increasing on Wall Street, with investors hoping for a “soft landing” in the economy.
Stocks Are Poised to Hit New Lows This Year, Survey of Investors Shows
Investors have little confidence in US stocks even after this month’s surge, fearing weak corporate earnings could drag them back down.
Crypto Is Worth Fixing. Regulators Should Get Moving
The once-burgeoning realm of crypto and decentralized finance keeps imploding, presenting policy makers with a quandary: Should they just let it burn, or step in to address its now-obvious flaws?
In Defense of Millennials
Older advisors need to step aside and make room for the up and comers.
Recession Fear Investing
A recession is two consecutive quarters of economic contraction.
What it Takes to Be an Elite Advisor
If you are competing with the best of the best, how do you rise above the competition?
How to Save for Retirement by Paying Down Your Student Loans
Paying down student debt or saving for retirement can seem like mutually exclusive goals. A little-known workplace benefit could soon allow more workers to do both.
Pushing Your Luck
The problem with speculation is that there’s usually a gap between the underlying risk and the inevitable outcome.
Fortune Doesn’t Always Favor the Bold: The Perils of Concentrated Stock Positions
Advisors can illustrate the risks in single-stock positions by educating their clients on the historical evidence that demonstrates diversification is the prudent strategy.
Amazon to Plow Extra $35 Billion Into Virginia Data Centers in Cloud Race
Amazon.com Inc.’s cloud unit will spend $35 billion on new data centers in Virginia by 2040, underscoring its determination to stay ahead of rivals Microsoft Corp. and Alphabet Inc.
What If the Fish Are Poisoned?
There are many reasons advisors should avoid social media marketing.
My Biggest Epiphanies in 2022
I learned a lot in 2022. Here were my biggest epiphanies.
Wall Street Dealers Become Bit Players in US Bond Sales
Wall Street bond dealers are moving rapidly to the sidelines of US Treasury auctions — the very activity that defines their status at the heart of the world’s biggest bond market.
The Punchbowl Is Gone
The Federal Open Market Committee’s 12 voting members differ on where they think interest rates should go this year. But we know they’re unanimously against cutting rates until at least 2024—or at least they were as of December, according to that meeting’s minutes.
Electric Vehicles Look Poised for Slower Sales Growth This Year
Each year presents its own challenges, and 2023 is no exception, with economic uncertainty riding high, geopolitical tensions rising and the policy landscape shifting.
Elon Musk Fan With 2,900% Gain Sees $1.5 Million Wiped Away
The 68-year-old retired landscaper first started investing in Tesla Inc. in 2012 after hearing about Elon Musk, who wasn’t nearly as famous at the time.
2022 ESG Survey Deep Dive: Active Ownership Review
Our 2022 ESG manager survey findings reinforced our belief that the integration of environmental, social and governance (ESG) factors into investment processes is here to stay.
Calpers Makes $1 Billion Bet on Small Funds as New CIO Reshapes Pension
The California Public Employees’ Retirement System is making a $1 billion wager that small private equity firms without the heft of the biggest buyout institutions can boost the pension giant’s returns and clout.
Quantamental Investing: A Brief Primer on KCR’s Toolkits
At KCR, we believe in the Quantamental Investment approach–a strategy that leverages the most useful aspects of both quantitative investing and fundamental investing.
European Fixed-Income Outlook: Stay High Quality in 2023
European bond-market performance was among the worst on record in 2022, as Europe ran the gamut of geopolitical, economic and market storms.
Women Rarely Manage ETFs. Meet the Team Looking to Change That
The $6.5 trillion US ETF industry boomed in 2022 as innovative product debuts and market volatility fueled a near-record number of launches. But the fanfare revealed a major flaw in the space: the lack of women helming the funds.
Bloomberg Commodity Index Trends Downward to Start the Year
The March contract for the Bloomberg Commodity Index (ERH23) was down for the third consecutive day on Thursday. Since ending 2022 at 112.80, the contract is down 5.03 at 107.77.
Alternative Investments: The Case for Real Estate
Public and private real estate investments present a compelling opportunity in the current environment of high inflation and rising interest rates, according to Daniel Scher and Blair Schmicker from Franklin Equity Group.
Quarterly Strategy Report: Global Equity Opportunities
In our Quarterly Strategy Report, we illustrate the relative attractiveness of select developed international sectors.
The R Year
2022 wasn’t the easiest of years to handle for investors.
Marketing Insights from the Trenches
I’ve learned a lot through my work consulting with advisors. Here are some marketing insights to help you plan for 2023.
What Could Go Wrong for the Federal Reserve in 2023
In some ways, the 2023 economic outlook for the US is locked in. The Federal Reserve’s goal is to push the rate of inflation back down to 2% over the next few years.
US 'Battery Belt' Will Be a New Kind of Job Magnet
The Battery Belt is taking shape, and it’s creating a new economic development model where a college degree won’t be the ultimate qualification for jobs.
Distressed Investing Is Back. These Trades Are Defining the Game
Savvy investors seized tightening credit markets this year to reshape the distressed investing playing field just as more companies look destined for default in 2023.
US Treasury Signals Opening for Foreign Carmakers on EV Subsidy
The US Treasury Department signaled some imported cars will qualify for electric-vehicle tax credits in the Inflation Reduction Act, a move that could assuage Asian and European allies’ concerns about the sweeping climate legislation.
The 70% Solution
Bear markets end with widespread capitulation while a chorus of the stock trader’s prayer (God, if you get me out of this mess, I swear I will never buy another stock) spreads through out the land.
NewsLetter - December 2022
Enjoy the latest Newsletter from Harold Evensky.
JPMorgan-Backed Digital Bank C6 to Double Loans to Midsize Firms
C6 Bank, the Brazilian digital lender backed by JPMorgan Chase & Co., is planning to double its loan portfolio to midsize firms as it diversifies beyond retail clients.
Recession, Rate Hikes, Diversity- What's Ahead for Banks in 2023
The end of 2022 can’t come soon enough for many in the banking industry. Sputtering capital markets, job cuts, raging inflation, the crypto meltdown and rising interest rates marked a year of upheaval.
Reflecting Back on a Testing Year and Looking Ahead to 2023
The market dislocations and skyrocketing inflation of the last year put longstanding retirement maxims to the test and that test isn’t over yet.
Bradesco Wants to Speed Up Its US Expansion With Fintech Deals
Banco Bradesco SA, Brazil’s second-biggest bank by market value, plans to buy more minority stakes in tech companies to speed up its expansion in the US.
The 2023 Investing Outlook as the Fed Pivots – Part II
The big question heading into 2023 is the dreaded “R” word.
An Argument for Optimism amid Pessimism: Talkin’ ‘Bout My Generation
The following article provides an important perspective on Gen Z’s entrance into the workforce.
Crypto Offers a Road Map for Improved Stock Trading
The dispiriting thing about the Securities and Exchange Commission’s 400-page proposal to re-engineer financial markets, and the response from outside the agency, is that lawyers and economists are arguing over questions that have easy technical solutions.
Diverse Thought, Endless Possibilities
When a society embraces cognitive diversity, powerful outcomes can result. In this episode of The Active Share, Hugo sits down with Matthew Syed, a best-selling author, highly acclaimed speaker, and award-winning journalist, to discuss what it means to think in complex ways; the implications of moving away from group think; and how investors can benefit from diverse cultures and voices.
Not Even AI Can Beat the Market These Days
From the earliest days of artificial intelligence (AI) and machine learning (ML) in the 1950s, practitioners have spoken of using it for investment fund management.
Why Is Wall Street So Hot for Biodiversity Right Now?
As climate change moved higher on the Wall Street agenda, there had been fewer indications that financial giants took similar interest in the biodiversity crisis.
Nuclear Fusion Breakthrough Set to Send Billions of Dollars Flowing to Atomic Startups
The breakthrough in nuclear fusion is likely to spark investment in the technology that could transform the global energy landscape with nearly limitless clean energy.
Top 50 Hedge Funds Outperform the Market by 28 percentage points through the first nine months of the year
Global Investment Report's 3Q Update of the 2022 hedge fund survey.
The American Dream Needs an Extensive Renovation
By any measure, America is failing at that task. For the sake of the economy, society and even the environment, it must do better.
Capitalism’s Triumph over Feudalism
Rather than feudalism, we are headed toward hyper-capitalism, where each person is an entrepreneur constantly selling his or her services to the highest bidder.
The Best 529 Plans for 2023 and Beyond
We’ve broken down nine of the best 529 plans.
EM Corporate Debt ESG Integration
An alpha-oriented approach.
What Really Matters?
In his latest memo, Howard Marks weaves together some of the themes he’s explored in 2022 to explain what he believes really matters in investing and what doesn’t. He discusses the disadvantages of short-term thinking, the difference between volatility and risk, and the one word he believes defines the essence of investment excellence.
Emerging Markets: Is it Time to Buy Chinese Stocks? In Short – No – At Least Not Yet
Are Chinese stocks good value? It’s a question we’re getting asked by a lot of clients. Some Chinese stocks may appear attractive from a valuations perspective – but you need to think differently about value investing in emerging markets.