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There are a few potential misalignment of interests between managers and investors of evergreen funds. We've already seen what happens when investors, who seem to always want to sell at the same time, come into conflict with a fund that owns assets meant to be held long term. And while evergreen funds aren't necessarily more expensive than closed-end counterparts, the devil is always in the details.
Read MoreThe AARP estimates the amount of financial fraud to elder adults at $28 Billion per year. As baby boomers reach retirement age and the number of seniors controlling a large percentage of the nation’s wealth increases, the fraud “industry” continues to develop new and increasingly slick tactics to scam and defraud.
Read MoreProjecting the trajectory of interest rates is about as arbitrary as how the Fed (FOMC) decided to make 2% its official inflation target. How and why did the U.S. central bank set that target? Could it change? Click here to read more about the history of the Fed and it’s monetary policy decisions.
Read MoreSuccessful Venture Capital requires exposure to the statistical outliers. This typically means allocating more capital to funds that are smaller, more concentrated, and may be run by managers with limited track records. As a result, VC may not be suitable for every investor. Click here to read more about how we view the asset class and approach portfolio construction for patient capital.
Read MoreThere is one gift under the SineCera Christmas tree this year. Only one box, and I’ll let you in on a secret: the box is empty.
This wrapped package symbolizes the one thing you want most this year.
Read MoreMuch has been written about the Great Wealth Transfer, with more than $60 Trillion expected to pass from one generation to another over the next twenty years. But there is another significant wealth transfer already underway: the one involving the death of a spouse.
Read MoreHigher for longer remains the topic du jour when discussing Fed policy. But how much higher? And how much longer? For clients who are currently sitting in the “safety” of cash, click here to learn why we think bonds, relative to cash, may make more sense both as a recession resilient asset and as a long-term investment holding.
Read MoreThe illiquidity premium has nothing to do with holding period. Rather, it exists in areas where capital is less abundant. Lately, however, there’s no shortage of cash flowing into private investments as retail and institutional investors alike have upped their deployment into venture capital and private equity. Fortunately, it’s not too late to find opportunities, as long as investors’ remain judicious and follow a disciplined process.
Read MoreIn normal down markets, it’s usually easy to see why diversification matters. But in the current environment, shaped by rapidly rising interest rates, we’re seeing both stocks and bonds underperform. No matter how many historical precedents argue against the inclination, it’s easy to want to uproot one’s current portfolio. Read more to understand why that’s generally not a good idea.
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