Co-investments allow investors to make opportunistic investments that can enhance and complement their total portfolio. In this video series, our co-investment team discusses the opportunity set, the role of co-investments in a portfolio, guidelines for implementation, and what we believe are keys to success. Explore our collection of videos below or learn more here. […]
March 2024
Philanthropy and impact investing, while different, can be aligned and complementary in their intents. Understanding the nuances between the two can help families gain clarity about how to positively influence the world while maintaining their unique investment goals and engaging family members across generations. In this video, Nick Rees, Managing Director in the Private Client […]
March 2024
Higher costs and higher rates of endowment spending are the major story lines of the 2023 Endowment Radar Study. In 2023, the endowment provided a stable source of funding for the growing costs of private college and university business model (Figure 1). The four components of Endowment Radar measure the endowment’s role in supporting the […]
March 2024
No. While recent developments may be a sign that bitcoin is gaining credibility, it remains a highly speculative investment that offers no cash flows. Gold—a more stable and defensive option than bitcoin—also offers no yield. Investors looking for portfolio defense should look to long US Treasury securities, which offer reasonable yields and protection in a […]
March 2024
For decades, many institutional investors with private investment (PI) exposure have generated strong long-term returns. However, defined contribution (DC) plan participants have not been able to benefit in the same way, as employers have historically been limited to investment line-ups featuring predominantly public market asset classes. Although greater flexibility is emerging, the question remains how […]
March 2024
No, we anticipate performance will broaden out beyond mega-cap tech stocks, which have driven US equity performance in recent years. Tech giants are vulnerable to disappointment by the elevated expectations reflected in valuations. Even well-run tech giants that continue to dominate their sectors and maintain high profitability may not deliver strong returns if their stock […]
March 2024
Portfolio diversification is fundamental to effective investment risk management. The term “diversification” traditionally includes asset classes, investment approaches, industry sectors, and geographies. But a vital and often-overlooked dimension of diversification is the people driving portfolio decision making. This dimension of diversification may be especially important in private markets because an asset manager’s deal sourcing is […]
March 2024
Since 2010, US equities have been unstoppable, outperforming developed markets equities outside the United States (DM ex US) by a whopping 5.5 percentage points (ppts) annually, with few periods of short-lived, intermittent underperformance. Recently, this outperformance has been led by a small set of US tech giants. In this edition of VantagePoint, we review the […]
February 2024