Company

Insights

By Henry H. McVey, February 8, 2012

Portfolio Construction at the
Dawn of 2012: Challenging Conventional Wisdom

The global macro-environment appears to be undergoing a major sea change as the duel influences of deleveraging in the developed markets and rising consumption in the emerging markets gain momentum. We believe that now is the time for portfolio managers to rethink some common approaches to asset allocation and hedging.

By Henry H. McVey, January 9, 2012

Where to Allocate in 2012

2011 offered numerous headwinds—from the rating downgrade of U.S. Treasuries to the continuing sovereign-debt crisis in Europe—so it shouldn’t come as a surprise that 2012 kicks off with its own share of risks. Here we share these and other macro perspectives, addressing the key issue on investors’ minds right now: how to materially enhance returns through asset allocation in 2012.

By Henry H. McVey, December 12, 2011

Brave New World: The Yearning for Yield Across Asset Classes

Demographic trends throughout the world—particularly an aging population across borders—carry noteworthy consequences for investors, not least of which is the pursuit of securities that offer both steady growth and healthy, sustainable yield. What does this mean for equities, credit securities and alternative investments?

By Henry H. McVey, November 15, 2011

Swing Factor: Asia’s Growing Role in the Global Economy

Economic development has spawned a broad and vigorous ‘new’ middle class, which is creating outsized growth in select parts of the global economy.

By Henry H. McVey, October 18, 2011

Phase III: The Last Stage of a Bumpy Journey

The bear run that began in 2000 has played out like a triptych, with the third and final act now upon us that will, in our view, be marked by uncertain fiscal sustainability, shorter economic expansions and heightened capital-markets volatility. We believe this third act—which we dub “Phase III”—will require more opportunistic approaches to asset allocation and introduce a host of possibilities for such approaches.