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For the investors who like the tax benefits of Section 1031 (aka “Like-Kind”) Exchanges, they should consider a new option for sheltering real estate capital gains: Qualified Opportunity Zone Funds (QOZF). These funds have arisen as a result of the Tax Cuts and Jobs Act of 2017, which designated Qualified Opportunity Zone...

In response to the proliferation of new private credit strategies and managers, a new set of benchmarks was developed to help limited partners assess the performance of new and existing fund managers (general partners or GPs). By focusing on the underlying risks assumed by a credit manager, the subordinated capital and broad credit opportunities be...

Private investments, particularly private equity and venture capital have provided the strongest relative returns for decades. For families with multigenerational wealth, they may be particularly well positioned to consider allocating 40% or more of their assets to private investments. Assuming these families have the requisite long-term time horiz...

Market volatility in late 2018 has investors wondering if 2019 will bring global recession and investment losses. Chief Investment Strategist Jim McDonald answers tough questions about the global economy and how markets should react. Chief Economist Carl R. Tannenbaum also shares his views on the nature of recessions.

One element of successful investing is assessing how investor expectations may change over time. We began warning in mid-2018 of a growth slowdown in 2019, which came to a head in the fourth quarter when growth concerns led to a significant reduction in risk appetite and valuations. Souring investor expectations set the stage for positive surprises...

Volatility has returned to risk asset markets and has investors asking: “Is this time different or is something else afoot”? In this dedicated Global Family Office investor letter, we cover the volatility and the importance of multi-asset portfolios; the power of diversification to offset ever-present market drivers; and evaluating...

Cannabis and industrial hemp are projected to be large disruptors across many industries that include agriculture, construction, energy, textiles, and law. The industry is also moving at an accelerated pace and has opened up global investment opportunities. How to participate in this sector and how to perform proper due diligence are the quest...

2018 was a tough year for investors, with most major asset classes finishing with flat-to-negative returns for the calendar year. Worries over monetary policy, economic growth, and trade wars are largely responsible for 2018's dismal results. Our view is that domestic economic growth will slow in mid-to-late 2019 but is unlikely to slip into a ...

Scientists warn of dire consequences to the environment due to climate change, from devasting droughts to massive flooding—effects we’re already starting to experience globally. In this context, it may be particularly important to look at an aspect of the issue which has received less attention: the nexus of gender and climate change. G...

At the start of 2019, the market’s perception of risks and the resulting volatility is high, a stark contrast to the complacency and strong growth expectations in the prior year. It is important to reflect on recent history, but it is also important to recognize how expectations can change and stay grounded in a broad understanding of the bus...

The 5G network puts us at the precipice of another change in technology with the potential to unlock brand new applications, many of which are still nestled deep in entrepreneurial minds. As the introduction of 5G networks looms over the horizon and continues its evolution of innovation, so do new technological possibilities, challenges, and opport...

Businesses have arguably never faced such a breadth of challenges as they do today. Drawing on data and insight from Fitch Solutions, a leading source of independent political, macroeconomic, financial, and industry risk analysis, our Political Risk Map 2019 presents a global view of the issues facing multinational organizations and investors. This...

Ten years after the introduction of bitcoin and its underlying blockchain technology, the two headline innovations have sparked both inspiration and controversy. Although challenges must be overcome before these emergent technologies can be fully realized, companies in nearly every industry are exploring blockchain technology applications. Crypto-a...

Cryptocurrency is experiencing a surge in interest from mainstream investors and corporations worldwide. In this cryptocurrency series, we focus on the evolution of bitcoin moving from fad to mainstream; the role of virtual currencies in the global markets and the impact on the regulatory environment; the crime in the world of virtual currency, inc...

This guide provides a holistic review of the current cannabis laws in every state and the District of Columbia, from most favorable to cannabis businesses to most restrictive. In addition, you can find each state in alphabetical order. Jurisdictions are ranked on eight different factors, including business opportunities and support for ongoing...