White Papers

  Institutional Real Asset Strategies: Part II (Public vs. Private Equity)
Institutional investors employ real asset strategies for a number of reasons, including access to unique return streams, diversification benefits, and for inflation protection. Typically, allocations have been either via direct investments or via private equity managers. Because commodities can not create value in and of themselves, direct investments have been viewed primarily as a diversification tool and as an inflation hedge. Private equity strategies provide exposure to both long-term commodity price trends as well as unique return streams created by specific assets and management teams, but require investors to accept significant restrictions on liquidity.

  Use of Direct Investments in a Diversified Portfolio – (Q2 2009)
We've entered a new period in investing. Complacency and simplistic formulas are no longer acceptable for managing assets. Basic premises such as modern portfolio theory and buy and hold management are being questioned, as are the concepts of risk management and diversifi cation. Yet rather than fall back on business as usual approaches, successful independent fi nancial advisors are managing client portfolios with a sense of renewed opportunity and openness to fresh investment strategies.