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Recent legislation and changing public opinion has led to the birth of an exciting, fast-growth new industry: cannabis. Companies eager to capitalize on the trend toward legalization are moving quickly to establish a toehold in an industry that is expected to generate explosive growth in coming years. At the same time, investors considering ways to...

The spectacular decline in global interest rates, both here and abroad, has been viewed as a necessary tonic to reinvigorate the sluggish global economy. But will a sharp reduction in short-term interest rates engineered by the Fed result in a new economic boom and a powerful rally in stock prices? Or is the experience of the European and Japanese ...

U.S. stocks have global exposure but do not provide global diversification. In investing, being exposed to too much of the same thing could be dangerous, especially when that market or a segment of it underperforms. A globally diversified equity portfolio may not only protect investors from the concentration risks due to home bias, but could also o...

Wealthy individuals and family offices are increasingly looking to direct investments to enhance their returns. Other significant incentives for choosing direct investing include the elimination of management fees charged by investment firms. They can also serve as a vehicle to align investments more closely with the values and mindset of the inves...

With the longest economic expansion on record currently underway in the United States, it is hard to imagine that capital markets and investments were in utter disarray a little over ten years ago. Or that technology stocks—the darling of equity markets today—took a severe beating two decades back. We believe that when the going is good...

Passive doesn't mean indifferent. Often people lose sight of the fact that while passive, or index, investors have made a choice to diversify and trust the market to reward them for their investments in the long run, they still want positive performance. And influencing corporate behavior for the better is a key way for them to achieve tha...

More and more investors are considering an allocation to commodities, typically motivated by a desire to tap the inflation-fighting and diversifying properties of this asset class. While the most natural way to get commodity exposure is by investing in a portfolio of commodity futures, many investors (and consultants) believe owning a portfolio of ...

Prices of commodities and the US dollar are strongly linked. But is this also true at the individual commodity level?

What are the tax benefits of investing in Qualified Opportunity Funds? A closer look assesses the opportunities —and the risks.

Consumer confidence measures have been mixed amid heightened geopolitical noise. The global manufacturing slowdown has pulled that sub-set of the U.S. economy into contraction territory and threatens business investment. Key service-based readings have maintained resilient growth in the U.S. Currencies around the world have fallen versus the U.S. D...

Substantial inflows into passive funds over the last decade have led to speculatioon that a bubble is forming. Key concerns center around the lack of price discovery inherent with passive funds as well as liquidity during market dislocations. While conerns may be valid, empirical data does not seem to support the case for a bubble.

Both stocks and bonds enjoyed positive returns in the Third Quarter 2019, adding to already-impressive performance from the first half of the year. Declining interest rates again deserve much of the credit for these attractive investment returns. Pessimism regarding global economic growth along with central bank accommodation compressed interest ra...

One question that is often asked when working with family offices is “What are families like mine doing”? The interest in the answers is even greater during periods of crisis, such as the COVID-19 pandemic. Some of the world’s best investors and wealth stewards share their thoughts and insights into the unique challenges facing fa...

As the COVID-19 crisis has unfolded, our global health, economic, and market systems have been severely tested in a very short span of time. Even as we find ourselves in the midst of the implications, many thoughts are already geared toward what happens next … after the worst of this season’s coronavirus spread is under control. This r...

With private investments experiencing a renaissance, now is an opportune time to assess the factors shaping the current landscape, debunk misconceptions about the asset class, and evaluate the benefits and boundaries of private investing.