Captive Insurance Stepped in to Ease Pandemic’s Blow. Now What?

Captive insurers have been able to support their parent organization during COVID-19 by providing relief from business interruption losses.

GameStop, Reddit, and Efficient Markets

What institutional investors should know about the wild price swings in GameStop shares.

Markets’ Upward Trajectory Continues

A look at market performance in 4Q20 for global and U.S. equities, bonds, and real assets.

Good Riddance to 2020!

Most of us are happy to say good-bye to 2020. And there are reasons for optimism as we head into 2021.

Pandemic Hit All Sectors; REITs Gained but Trailed Equities

COVID-19 continues to affect the real estate market, with the impact varying depending on the property sector.

Caution: Hard Road Ahead!

GDP growth came roaring back in 3Q20 as expected, notching a 33.1% gain, following the 31.4% decline in 2Q.

Macroeconomic Alphabet Soup: V, W, L, U, or K?

While certain sectors of the economy have rebounded more quickly than expected, the trajectory of the recovery is still unclear.

Updated COVID-19 Survey: Most Managers’ Offices Closed, With Many Not Reopening Until 2021

Overall, managers were much less optimistic about the resumption of business as usual in September compared to our first survey in June.

Beta First, Alpha Second

View Newsletter Emboldened by dramatic monetary and fiscal stimulus, global equities rebounded strongly in the second quarter on hopes of a V-shaped economic recovery. Despite lingering economic worries, the S&P 500’s 20.1% surge was the biggest quarterly gain since 1998, while MSCI Emerging Markets’ 18.1% jump was its largest since 2009. However, neither fully recovered […]

Pandemic Has Muted Impact on Private Real Estate; REITs Underperform

All sectors of the NCREIF Property Index saw negative appreciation, but income remained positive except in the Hotel sector. REITs trailed equity benchmarks