This week we’d like to recommend Charles Ellis’ interview with Consuelo Mack on wealthtrack.com. Charles Ellis has had a long and prestigious career in the investment management industry. In addition to founding and managing his consulting firm, Greenwich Associates, Mr. Ellis served as a trustee for the Yale Endowment, was on the board of directors for the Harvard Business School and worked as a director for the Vanguard Group. Mr. Ellis has authored several best-selling books throughout his ... [Continue Reading]
Articles and resources related to Portfolio Management.
The reinsurance business is rapidly growing in size and popularity as investors are attracted to the return potential and risk diversification that this asset class can deliver. Total issuance of catastrophe bonds has tripled over the past five years, which has some investors worried that the traditional 16% annual returns of the asset class may no longer be achievable. Berkshire Hathaway owns some of the largest companies in this industry and their chairman and CEO, Warren Buffet, has recently ... [Continue Reading]
The first half of 2016 was quite a wild ride. Markets kicked off the year with their worst start in history. Then, after bottoming out on February 11 they rebounded strongly, with the S&P 500 rallying nearly 20% off the lows. This type of volatile market is what stock pickers and market timers dream about. The extreme highs and lows provide opportunities for opportunistic buying and selling--the perfect environment for the most competitive managers on Wall Street. As we review performance ... [Continue Reading]
On the morning of June 24th, the world reacted to the stunning news that the UK would be leaving the European Union. As equity markets extended their losses, the world’s largest robo-advisor, Betterment, took a unique approach to managing market volatility. They did nothing. The firm, which manages over $5 Billion, locked up investor capital and restricted all trading. Clients were unable to buy or sell positions and, perhaps the most interesting part of the story, were not notified that such as ... [Continue Reading]
Next Thursday, June 23rd, the people of Great Britain will vote on whether their country should remain a part of the European Union (EU). This is being referred to in the media as ‘Brexit.' As we move closer and closer to voting day, the polls are getting tighter and it appears there is a real possibility that the citizens of the UK may vote to leave the union. The ramifications of this vote will impact markets worldwide and will make a significant statement regarding the long-term viability of ... [Continue Reading]