Bringing clarity, confidence, and purpose to our conversations.
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 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.
Read MoreWe’re not in the business of making forecasts at SineCera Capital. Rather, we’re focused on building a risk-balanced portfolio that we think serves our clients well without relying upon any market predictions. Understandably, we were quite happy with how our All-Weather Core portfolio performed in 2020, but knew that the law of averages could come into play in 2021. So how to our risk-balanced portfolio do? Better than we initially expected.
Read MoreWhy has the market’s reaction to the Fed’s plan to reduce its current bond buying program been so different than the “taper tantrum” of 2013? It’s odd to recall that following the Financial Crisis many viewed the Fed’s balance sheet as too large. Oh, if they could see it now! The power of hindsight may have tempered investors’ concerns, but don’t get complacent.
Read More“What percentage of my portfolio should be allocated to alternative investments?” To answer this, many allocators turn to the “Endowment Model” as a guide. Unfortunately, for the high-net-worth investor with unique needs and preferences, the Endowment Model isn’t a one-size-fits-all solution. And unlike public market investments where you can quickly deploy capital, alternative investments require an active liquidity management strategy to balance target allocations. This article talks about a few key points to consider when committing to illiquid private market investments.
Read MorePrepare to NOT have your amygdala hijaked. Commentary from the Chief Analyst at SineCera Capital on the recent market volatility.
Read More
