US Tariffs Increase Market Risks

Yesterday (April 2), US President Donald Trump announced sweeping new tariffs targeting nearly all US trading partners. The policy includes a 10% baseline tariff on all imported goods and country-specific “reciprocal” tariffs of up to 50% that target nations with perceived unfair trade barriers against US products. Key trading partners such as the EU, Japan, […]

April 2025

Will German-led Fiscal Reforms be Transformative for Europe?

Yes, in response to weak growth and a changing defence landscape, taking off the fiscal straitjacket should catalyse a more growth-supportive economic environment within Europe. There will be a direct growth impact as increased government investment is disbursed, some crowding in of private-sector investment, and the potential for further positive growth benefits from subsequent institutional […]

March 2025

How Much Return Do We Need? Aligning the Investment Strategy with the Mission for Healthcare Systems

Over the last few decades, many not-for-profit healthcare systems have enjoyed strong margins driven by favorable demographic trends, inexpensive debt, and improved cost structures through mergers & acquisitions. As a result, many of those systems have been able to amass significant investable reserves. However, in many cases the purpose of the investment portfolio is often […]

March 2025

Should Investors Underweight Equities in Light of Recent Market Volatility?

No, investors should hold equity allocations in line with their policy portfolio weights. Trade policy uncertainty has forced many investors to reassess the trajectory of global economic growth, sending ripples through markets, and prompting US equities to enter a “correction” on March 13. Still, there are strong arguments for holding equity allocations steady. For instance, […]

March 2025

The Pension (Re)volution: How the Hybrid Approach is Reshaping Retirement Plans

Independence Day, 1985. You just saw Back to the Future and can’t stop thinking about tomorrow—in particular, your retirement years. You imagine sitting beachside or traveling through Europe, confident that your company’s well-funded defined benefit (DB) plan will provide steady monthly income for life. But things are about to change for the generation behind you. […]

February 2025

Do US President Trump’s Initial Policy Decisions Put Energy Transition Investments at Fundamental Risk?

No. In President Trump’s first week back in office, he issued several executive orders related to climate and energy. These initial actions aim to reverse President Biden’s climate policies by withdrawing the United States from the Paris Climate Agreement (for the second time), curtailing growth of the clean energy sector, and boosting US fossil fuel […]

January 2025

VantagePoint: Avoiding Five Key Investment Pitfalls

The start of the year is an ideal time to review investment practices and procedures to ensure you are set up for success. Investing is challenging, even for the most seasoned investors, given the underlying emotions and mental biases inherent in human decision making. Successful investors have explicit investment processes that are clearly outlined and […]

January 2025

2025 Outlook

2025 stands at a crossroads. Will the impressive performance of US equities continue? Can private equity and venture capital achieve better results? What does the future hold for credit markets? We answer these questions and many others across all asset classes as we present our 2025 Outlook.

December 2024