Testing the Limits of Reflation - May 05, 2021
If ever there were a time to champion the mantras of our founders George R. Roberts and Henry R. Kravis to build like and trust, act with integrity, and lead by example, we believe that now is that time. The re-opening we are envisioning will not be a straight line, and the pandemic has laid bare multiple inefficiencies – and more importantly, inequalities – that need immediate fixing, particularly in developing countries. However, there are also reasons to be optimistic. Vaccine roll-outs are accelerating, and economic growth is poised to surge...
Another Voice Update: Value Creation Through Reflation - Mar 03, 2021
With a new stimulus package on its way as well as an accelerating number of the global populace receiving vaccines, we decided to drill down further into key topics we explored at the start of the year in our 2021 Outlook: Another Voice. To review, our base was that faster nominal GDP growth would force investors to shift more assets into beaten down areas of the market that may have lagged ahead of and during the onset of the pandemic. Said differently, we were encouraging investors to ‘make a new beginning...
The Wisdom of Compounding Capital - Feb 02, 2021
Ultra High Net Worth investors have increasingly become more influential leaders in the global asset management industry, leveraging a more sizeable base of assets under management to participate in more complex transactions, all while broadening their global reach. In an effort to better understand this growth opportunity, we recently engaged with around 50 CIOs from leading Ultra High Net Worth family offices with whom...
The Road Ahead - Feb 02, 2020
In recent weeks we have received a slew of requests for more insights about China’s changing role in the global economy, including its relationship with the United States, as well as the Federal Reserve’s ‘new’ shift towards average inflation targeting (AIT). Without question, both topics are important ones that reflect the increasing complexity of the current global macro environment. In our humble opinion, the U.S.–China relationship is likely to intensify further in the coming months, particularly ahead of the U.S. presidential election in November. However, given China’s importance to the global economy’s growth trajectory, we think there is still a significant benefit to investors...