Most families of significant wealth inevitably grapple with intergenerational wealth transitions. Shifting the responsibility for a family’s long-term financial health can be a challenging endeavor that has the potential to strain family dynamics. Families without a clear succession plan put their wealth preservation at significant risk, as a lack of planning can lead to uncertainty […]
October 2022
No, we don’t think so. While there may be higher-than-typical market volatility around the run-off election on October 30, we expect economic issues will be the primary driver of Brazilian equities in the months that follow. On balance, we see these issues as neither overly positive nor negative and recommend that investors maintain Brazilian allocations […]
October 2022
Yes. We believe the attractiveness of UK government bonds has improved relative to just a month ago. The concern for many is that the disorderly market volatility that required the Bank of England (BOE) to intervene last week indicates that the risk of these investments may be higher than usual. While we share this concern, […]
October 2022
Investment governance plays a critical role in the ability of families with substantial wealth to define their financial objectives and formulate a strategy for a diversified portfolio. Investment strategy—including asset allocation, selection and monitoring of investments, and risk management—demands a large amount of attention from families and their advisors. While investment governance is at least […]
September 2022
Introduction Aaron Costello, Regional Head for Asia, and Vivian Gan, Senior Investment Associate, Capital Markets Research Asian markets have had a difficult year so far due to headwinds from slowing global growth and higher inflation. Asian equities and yield-sensitive assets have sold off alongside their global counterparts amid heightened volatility and rising interest rates. Ongoing […]
September 2022
Yes. The hawkish Federal Reserve and energy market challenges have contributed to a strengthening of the US dollar in recent quarters, and we expect that trends in both factors may continue to be supportive of the dollar in the short term. Nonetheless, on a longer horizon, historical precedents suggest that the dollar is approaching the […]
September 2022
Amir Maroun transformed his father’s business from a local laundry service into a highly successful commercial cleaning company. The family’s wealth came primarily from the operating business, but was managed with an ad-hoc approach to investing and lacked a disciplined decision-making framework. Recognizing the need for greater investment guidance, the family turned to Cambridge Associates […]
September 2022
The Federal Reserve announced its third consecutive interest rate increase of 75 basis points (bps) on September 22, bringing the Fed funds target range to 3.00%–3.25%. Policymakers’ median estimate of the terminal Fed funds rate also increased sharply from 3.8% to 4.6%. Taken together, these two changes highlight the Fed’s concerns about inflation and their […]
September 2022