Perhaps rumors of asset management’s demise have been premature. This week Goldman Sachs announced that it had raised $2.5 bn in “permanent capital” to make investments in private equity funds. The “permanent capital” here suggests that...
As we ease towards the end of February some of the panic seen earlier in the month has definitely ebbed. The much anticipated CPI print of last week was largely discounted in and markets barely moved in response. The release of the Fed minutes yesterday also...
Words matter. No sooner had Steve Mnuchin, US Treasury Secretary, uttered the words (at Davos this week) “a weaker dollar is good for us as it relates to trade and opportunities” then the US dollar started to slide leaving it -2.6% against a basket of other...
As we enter the receding days of summer, markets are getting a little messy and uneven. Much of it has been triggered by current events, which kicked off last week with a violent and troubling clash between Alt-Right protesters and opponents in Charlottesville,...
Factor investing has entered the main stream – although not without some controversy. As an institutional investor without any exposure to “smart beta” or factor indices we have the luxury of watching from the sidelines as (recently) luminaries such...
