This whitepaper examines the evolution and function of currency markets and examines the impact of currency risk on international asset portfolios. It goes on to explore how currency risk can be managed and describes currency solutions available to institutional investors.
Investment Management
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Deploying Private Capital in Direct Investments
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This seminar supports members engaged in direct investments and family-owned funds. The programs offers perspective on the motivations and best practices of families involved in direct investing.
Challenges of Family Investment Decision-Making
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Challenges of Family Investment Decision-MakingCliff Hurd, Hurd Enterprises, Ltd., John Goddard, Investment Resources Corp and Charles B. Grace III, Senior Consultant, Family Office Exchange When families make major investment decisions regarding asset allocation, tactical asset allocation, opportunistic investments, and selection and termination of managers, among others, a myriad of questions are raised. Who will make the investment decision? Should there be an investment committee?
For-Warned is For-Armed: The Value of Due Diligence
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For-Warned is For-Armed: The Value of Due DiligenceMatthew P. Morris, Director, Grant & Eisenhofer PA; and Charles B. Grace III, Senior Consultant, Family Office Exchange In the world of alternative investments, it is important for investors to protect themselves and know their rights.
All in the Family: The Risk and Rewards of a Family BankWarner King Babcock, AM Private Enterprises, Inc.; and Karen Neal, Managing Director, Consulting, Family Office Exchange Stimulating…and funding…entrepreneurship within a family enterprise can become risky business. How do you find the balance between encouraging the next generation of wealth creators while minimizing financial exposure and risk to the enterprise?
Defining Normal
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Despite marked improvement, economic and market conditions have not returned to “normal.” Opinions differ, but perhaps normal is defined best by what is abnormal. By identifying and examining the issues that stand out as extraordinary, investors can understand how their reversion will impact economic growth and the markets.
Understanding Reinsurance
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The authors review some best practices for building and managing a reinsurance portfolio, including what it takes to do effective sourcing of reinsurance business, thoughts on pricing and underwriting the book, what it means to optimize a reinsurance portfolio, and effective risk management practices.
With greater frequency, investors are wondering whether, and when, the Federal Reserve’s extraordinary money printing will cause rampant inflation. A review of the past century provides interesting insights, particularly between 1933 and the late 1940s when the Federal Reserve printed money at comparable levels to those of the Bernanke Fed.
More frequent review and adjustment of asset allocation, incorporating opportunistic investing and employing flexible strategies, such as global asset allocation and global macro managers, enables investment programs to increase return and manage risk more effectively.
White Paper No. 57: Actively Passive
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Active investment management is best rewarded in less efficient asset classes. Dispersions of returns in relatively inefficient asset classes, such as private equity, opportunistic real estate and natural resources, are significantly wider than in traditional long-only asset classes, making the rewards for success far more meaningful.