Quarterly Updates

Q1 2016 Quarterly Review

Q1 was a tale of two halves. Renewed fears of a global growth slowdown sparked an early increase in market volatility during the first quarter. A lack of stability in oil prices, uncertainty surrounding the US Federal Reserve’s actions, central bank interventions in Europe and Japan, and shaky economic data all contributed to the January…

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Q4 2015 Quarterly Review

Global markets accelerated during October before stumbling along sideways and eventually falling towards the end of the year. The markets were negatively impacted by the weakness in oil prices and renewed fears of economic fallout from a slowing Chinese economy. The US Federal Reserve made good on their guidance and raised their benchmark rate for…

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Q3 2015 Quarterly Review

Q3 2015 Market Commentary Market volatility returned in a profound way during the third quarter. Nearly all major equity markets entered correctional territory, falling at least 10% from a previous peak, as uncertainty surrounding the path of the global economy began to weigh on investor sentiment. The MSCI World Index dropped 8.4% in U.S. dollar…

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Q2 2015 Quarterly Review

Q2 2015 Market Commentary The second quarter of 2015 echoed many of the questions and concerns of the first. Global markets were volatile as investors continued to wait for the U.S. Federal Reserve to set a date for its first interest rate hike and contemplated the lack of economic growth in the consumer space. Overseas,…

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Q1 2015 Quarterly Review

Q1 2015 Market Update In the first quarter of 2015, markets remained volatile as the U.S. dollar continued to gain strength, Europe initiated quantitative easing (QE), China continued easing monetary policies to boost domestic growth, and investors tried to guess when the US Fed will begin raising rates. The optimistic outlook for global growth remained fragile, but initial…

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Q4 2014 Market Update

In the 4th quarter of 2014, global equities delivered positive returns amid heightened volatility. The IMF cut its global growth estimates, and increased volatility remained a key dynamic in the fourth quarter of 2014. At one point during October, almost all global equity averages were either down or flat for the year before the majority…

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Q3 2014 Market Update

Volatility reentered the market in the 3rd quarter of 2014. Geopolitical risks caused fluctuations in global markets, spurred on by the Ebola outbreak in West Africa, continued tensions on the Ukraine/Russia border, and by ISIS in Iraq. Despite this, the US GDP rose at a robust 4.6% annualized pace for the quarter. Currency moves were…

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Q2 2014 Market Update

Disappointing economic data from the first quarter was not enough to stop global equity markets from persistently pushing forward during the second quarter of 2014. Despite geopolitical tensions and continually shifting central bank policies around the world, global markets began to break away from their lackluster early year performances. The global equity and fixed income…

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Q1 2014 Market Update

2014 got off to a rocky start for investors as concerns about growth in a tighter monetary policy environment put pressure on developed equities despite signs of on-trend growth in the U.S. Europe, and Japan. Markets rebounded in February, however the rally stalled as investors focused on the situation in Ukraine and on comments made…

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Q4 2013 Market Update

  As we enter 2014, we pause to reflect on 2013 and to comment on market events during the year. Developed equity markets continued to gain strength in Q4, as markets responded to indications of improving growth and continued accommodative monetary policies by central banks around the world. The global economy as a whole has…

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Q2 2013 Market Update

The Fed’s QE program has continued to play an important role in equity and fixed income markets this year. However, this support appears likely to subside as the Fed looks for signs that the economy is strong enough to begin tapering its bond-buying program. After the June Fed meeting, Bernanke announced the Fed policy had…

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Q3 2013 Hedge Fund Review

Highlights  Asset Flows and Industry Trends Allocators to the industry sent $23 billion of net new capital into hedge funds during the quarter, bringing total industry assets to over $2.5 trillion. Investors continue to exhibit a bias towards the large, institutional-quality funds as 80% of this net new capitalflowed to managers who oversee more than…

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