Quarterly Updates

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…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

Q3 2013 Market Update

Global markets broadly rallied in Q3, fueled by a risk-on environment which was supported by continued (moderate) economic growth, ongoing support from the Fed’s QE program, and some stabilization of EU economies. Equities led the rise with the MSCI World Index appreciating 8.2%. Earlier in the quarter, talk of the Federal Reserve tapering their bond…

Read More

Q2 2013 Hedge Fund Review

Highlights  Asset Flows and Industry Trends For the quarter, hedge fund assets increased by $40 billion, bringing assets to a new record high of $2.41 trillion. The large institutional-quality managers continue to attract the bulk of the industry’s assets, as $6.1 billion of net inflows were allocated to managers with $5 billion or more in…

Read More

Q1 2013 Capital Market Review

While the US economy remained in slow growth mode during the first quarter of 2013, the markets continued to respond favorably to upbeat corporate earnings reports and unprecedented levels of accommodation by the Federal Reserve. Global equity markets rose during the quarter, extending gains which began mid-November. The MSCI ACWI (“all country world index”) was…

Read More

Q4 2012 Market Review

Q4 2014 Equity Market Review Domestic equities finished the year with a whimper. During the fourth quarter, U.S. stocks were roughly flat as investor sentiment was dampened by political brinksmanship in regard to the “Fiscal Cliff”. Ultimately a last minute deal was struck, averting painful tax increases and budget cuts. Europe benefited from the concerted…

Read More

Q3 2012 Market Overview

Q3 2012 Equity Market Overview Equity markets were strong in the third quarter and are up mid-teens for the year, despite generally weak global economic news. This reflects a combination of “don’t fight the Fed” sentiment and signals that the holders of the EU purse strings might be more willing to invest in a comprehensive…

Read More