When people think about tax efficiency, they often focus on traditional strategies like maximizing tax-deferred accounts or harvesting losses at year-end. But tax efficiency isn’t...
The Risks of a Long-Only Portfolio As equity indexes again reach new highs, it’s a felicitous time for investors to take a step back and consider whether they are exposed to...
Current Market Environment The most consequential event of the fourth quarter was, undoubtedly, the U.S. presidential election, which saw a return to the White House for Donald...
Breaking Down Hedge Funds The term “hedge fund” has a host of connotations, some of them good and some bad. Certain prominent hedge funds and their managers have pioneered some...
High-Yield Bonds High-yield bonds, also dubbed “junk bonds,” are bonds that pay a higher yield to their investors to compensate for the additional risk when compared to buying...
After some years of lackluster returns, we believe the outlook for bank stocks is brightening. Broadly speaking, we can divide the reasons for this into two categories: interest...
As we prepare to turn the calendar to 2025, equity investors have good reason to feel rather euphoric. The S&P 500 Index has returned almost 29% year-to-date, on a total return...
One of the peculiarities of this rate-cutting cycle—recall that the Federal Reserve slashed interest rates by 50 basis points in September—is that it comes at a time of full...
Current Market Environment The third quarter was marked by strong equity markets and declining interest rates as a consensus coalesced around the beginning of a Federal Reserve...
An Equity Strategy Built for Election Uncertainty As the momentous elections on November 5 approach, the financial media will be replete with advice on how investors should...
