When it comes to families, reputation management involves much more than preparing for or responding to critical incidents. It is connected to the family’s values, history, and future aspirations. This article provides an overview of best practices families can institute to foster and safeguard their good name.
To earn returns in the regulated energy sector, investors will need to be aware of and understand the following items: supply and demand dynamics, interactions across the various commodity supply chains, the overall macro environment and impact on specific names and subsectors, regulatory and political environment, and operational and safety issues...
If Congress doesn’t act by January 1, 2012, policies will automatically take effect that will reduce the 2013 deficit by $607 billion, or about 4% of GDP. While this policy, commonly referred to as "walking off the fiscal cliff," would be a near-term disaster, an extension of 2012 fiscal policy that fails to address increasing indebtedness could ac...
Deciding whether to invest in an art fund? This article examines challenges in defective title that art funds and their investors may face in the unregulated art and collectibles market.
Today’s collectors increasingly view art as an investment. Best practices should be applied to collectibles similar to those applied to traditional assets like homes and automobiles. This article reviews the important and complex issues surrounding the legal and financial risks that pervade ownership of this “new asset class.”
Clear ownership often overlooked when making a fine art or collectible purchase. This article examines recent real market scenarios in which collectors and galleries were faced with title disputes.
Art ownership disputes occur every day in the market, which may include historical theft or traditional liens and encumbrances. Buyers, sellers, museums and fiduciaries should be aware of liability issues created by lack of transparency in art and collectibles transactions.
Clear legal ownership in the art world does not mean simple possession. This article focuses on fiduciaries and ultra-high-net-worth clients and the challenges faced when managing trusts.
With only a few months to go until the end of the year, those who have not fully used their available lifetime gift, estate and generation skipping transfer exemptions may be running out of time. This paper outlines some ideas for making relatively simple and quick use of the opportunity, so that it does not go to waste.
The windfall of inherited wealth often comes with feelings of guilt and elation, isolation and confusion. No wonder; when the financial gain is due to the loss of a loved one’s life, it feels crass to be excited about the opportunities an inheritance affords. Learning to be comfortable with inherited wealth is a process, a process of moving through...
There is the age old stigma that wealth can bring or buy happiness. But, we hear it time and time again: money doesn’t buy happiness. The lack thereof may create unhappiness, but the presence of wealth does not necessarily have the opposite effect. Wealth does not create happiness nor does it provide the meaning of life. It may provide opport...
Taking time to tell family stories, and finding interesting ways to record them for subsequent generations, can serve as a foundation for family members to bond and identify with each other. Stories can engender in family members an appreciation for their own unique “differentness” of identity from those outside of the family. This shared sense of ...
Chief Investment Officer David Donabedian recaps the first half of 2012 and provides an outlook for economic activity and financial markets in the third quarter of the year.
In this quarterly hedge fund review from Crystal Capital Partners, LLC, the author examines the following:Asset Flows and Industry TrendsHedge Fund PerformanceStrategy Attribution2014 Investment ThemesCCP ("Crystal Capital Partners") Candidate Performance vs. Hedge Fund Indices Performance
Altantic Trust Private Wealth Management highlights the following in their Economic and Investment Overview for the first quarter of 2014:Economy: Stronger global growth in 2014U.S. – less fiscal drag, more jobs. 3% growth achievable.Europe – slow recovery, deflation risks remain.Japan – “Abenomics” experiment working so far.Emerging economies – wi...