Quarterly Updates

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…

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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…

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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…

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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…

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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…

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