Research



Quarterly Capital Markets Review

Current Issue: Capital Markets Review

The fourth quarter of 2016 was positive for US equities, but generally negative for international developed and emerging market equities. Duration sensitive assets also suffered as the market priced in rising US interest rates and higher inflation expectations. The unexpected result of the United States presidential election produced an initial market shock....
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Investment Perspectives

Current Issue: Active Management Performance Cycles

One of the most fundamental decisions for institutional investors is the extent to which to use active managers as opposed to low-cost index funds. The primary argument for using active managers is their ability to provide investors with enhanced returns. However, realization of this benefit assumes...
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