The paper discusses the pportunities and risks that institutions should consider when investing in China’s A-Share and private equity markets.
Michael takes a close look at the question of rising committed and unspent capital in private equity, and implications for investors.
Bond yields remain at or near historic lows around the world, leading to a substantial increase in the value of pension plan liabilities.
David Kelly, the Fed, interest rates
Equity markets experienced welcome respite in January, after a torrid end to 2018.
An alternative risk premia strategy is itself more diversified than a diversified growth fund or an all-equity portfolio.
Michael discusses how he should have taken Trump at his word on tariffs, and the impact of the widening trade war on global growth and equity markets as proposed tariffs approach pre-war levels.
A brief note on the latest price action in equity markets, how business cycles end, and how markets are being left to fend for themselves without central bank intervention for the first time in 20 years.