Evan Gordon Greenfield

In a recent Top of the Morning podcast, Paul H., Daniel Cassidy, and I discussed our recent report assessing the likelihood of a "Roaring '20s" scenario for the US economy. We touched on what the scenario looks like, the key drivers for it to happen, how policy is a wildcard that could make the scenario more or less likely, and general investment implications if it were to happen. Listen to the podcast for all the details. #shareubs https://lnkd.in/eTrGnzCv

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𝗟𝗮𝘄𝗿𝗲𝗻𝗰𝗲 𝗘. 𝗚𝗼𝗹𝘂𝗯 joined CNBC's 𝗗𝗮𝗻 𝗠𝘂𝗿𝗽𝗵𝘆 on the ground at Milken Middle East and Africa Summit to share why there's reason for optimism heading into 2025: "The skill and adaptation that PE firms have shown really demonstrates how good PE is in the U.S. economy. We're getting to a point where confidence in the economy, valuations and availability of capital is going to restart that part of the engine." Watch here: https://okt.to/w9eIfr #Milken #MiddleEast #privatecredit #AbuDhabi #CNBC

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@Liz Perenick, Head of Portfolio Management for Private Placements, was excited to join a panel on key industry trends at this year's Private Placements Global Forum: Europe. The conference featured industry leaders covering a comprehensive agenda of today's major topics in private placements, including market updates, issuer perspectives, and much more. #insuranceassetmanagementstrategygroup #insuranceassetmanagement

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When investing, one would be wise to focus on the long term and ignore all the short term forecasts because of data, on one year forecasts, like this: "Over the past 20 years, according to Joachim Klement, an investment strategist at Panmure Liberum in London, the correlation between the forecasts and the market’s actual returns was minimal for the analysts and zero for the strategists."

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𝗕𝗿𝗶𝗱𝗴𝗲𝘄𝗮𝘁𝗲𝗿 𝗼𝗽𝗲𝗻𝘀 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝘁𝗼 𝗿𝗲𝘁𝗮𝗶𝗹 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗦𝘁𝗮𝘁𝗲 𝗦𝘁𝗿𝗲𝗲𝘁 𝗘𝗧𝗙 https://lnkd.in/dCYdE-zK   Risk parity funds for retail investors have not worked well over the past decade or so (and Bridgewater’s All-Weather strategy has also underperformed for some time): the pioneer in the industry (Wealthfront Risk Parity Fund with $1.3bn in AUMs) is going to be liquidated in January https://lnkd.in/dya2H6SZ , and other products have also failed to beat a simpler 60/40 strategy.   This despite the carnage in bond markets in 2022 and the elevated asset correlations (or, more likely, because of…).   I guess it all boils down to the specific strategy used: this product will also use leverage in an ETF, so it will be interesting to see how it plays out. 

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In the Strategy Snapshot this week, Daniel Cassidy and I review May market performance drivers. We then discuss what investors should be mindful of throughout the month of June, and into the summer. We also take the pulse of current investor consensus, and review our current allocation recommendations. Listen to the podcast for all the details. #shareubs https://lnkd.in/ektwe-6A  

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[PODCAST] Higher for longer interest rates are having profound effects on endowment and foundation portfolios across the US. The volatility this creates is making it more challenging to construct portfolios for the long-term and creating questions around liquidity management. Bill Burns and Meggan O'Shea join Texas Hemmaplardh in the latest episode of Critical Thinking, to discuss how these investors are navigating regime change. bit.ly/4cjOGXY

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In the Strategy Snapshot this week, Daniel Cassidy and I consider whether the April FOMC meeting and employment report are early indications of a return of a Goldilocks environment after a few months of reflation being the main theme across financial markets. We also discuss positioning considerations for the current environment. Listen to the podcast for all the details. #shareubs https://lnkd.in/eKFCaKEb

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Why has #infrastructure gone from ~1% of the private asset sphere to about ~25% over the last couple of decades? 🚀 KKR's Raj Agrawal discusses what’s driven interest in the asset class and areas of opportunity, including #digitalinfrastructure and the #energytransition, in an interview with Bloomberg TV. Give it a watch and download his 2025 Infrastructure Outlook here: https://go.kkr.com/4getm8Y

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Moelis acts as Exclusive Placement Agent to Archer, electric vertical takeoff and landing (eVTOL) aircraft developer, on its $430 million common stock PIPE in conjunction with the announcement of a strategic partnership with Anduril Industries. #CapitalMarkets Press release: https://bit.ly/3BhRjwT

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Moelis acts as Exclusive Placement Agent to Archer, electric vertical takeoff and landing (eVTOL) aircraft developer, on its $430 million common stock PIPE in conjunction with the announcement of a strategic partnership with Anduril Industries. #CapitalMarkets Press release: https://bit.ly/4iBFfY8

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Moelis acts as Exclusive Placement Agent to Archer, electric vertical takeoff and landing (eVTOL) aircraft developer, on its $430 million common stock PIPE in conjunction with the announcement of a strategic partnership with Anduril Industries. #CapitalMarkets Press release: https://bit.ly/4iBHqLi

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Emerging long-short hedge fund managers adept at generating alpha from both sides of the book, maintaining less than 70% long bias, and focusing on sector-specific opportunities — stand out as compelling investments for family offices. https://lnkd.in/g-YbdDF2 #familyoffices #seedcapital #esg #investing #diversityandinclusion #hedgefunds #privateequity #emergingmanagers

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Thanks to Paula Campbell Roberts from KKR for joining us this month on our How Should I be Positioned podcast. We great conversation about the current state of the US economy, as well as the outlook for inflation, growth, interest rates, and market volatility over the next five years. One thing that we agree on is that the US economy is in a new macro regime. This has implications for strategic asset allocation decisions, which we also discuss. Listen to the podcast for all the details. #shareubs https://lnkd.in/eJasj_EZ  

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Congratulations to the 173 firms managing investment strategies that surpassed the 3yr mark on the Nasdaq eVestment platform as of 2Q24. Collectively, the 245 strategies were managed by firms domiciled across the globe (25 countries) and spanned asset classes and geographic regions. Passing the 3yr mark is a great time for managers to assess presence, competitive positioning and viable mandates as there is an opportunity for greater visibility with institutional stakeholders (as many consultants and investors utilitze the 3yr metric when screening and conducting analysis). Please see the link below for further details and do get in touch with a member of the team ([email protected]) if you wish to discuss further! Nasdaq eVestment #equities #fixedincome #hedgefunds #milestones #institutionalinvestors #investmentconsultants https://lnkd.in/gV8wg3-T

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[New Compounders Podcast] Our guest on the show this week was Daniel Rupp, CFA, the Founder and CIO of Parkway Capital. After spending many years at a very well-known, Asia-focused investment firm called Overlook, Dan founded Parkway Capital to take advantage of some of the less liquid and smaller-cap opportunities he was consistently unearthing. Dan is the first Asia-only investor we have had on the podcast, and I was excited to speak with him about: • The types of opportunities he thought he could invest in with a smaller capital base; • How he is building his team and his asset base; • The Parkway portfolio, which consists of Compounders, Defensive companies and Deep Value stocks; • Why he is so constructive on the Chinese market right now; and • The investment case for Chinese white goods manufacturer, Haier Please enjoy this excellent deep dive into the Asian equity markets here: https://lnkd.in/g2ZtnmzU

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Should be an interesting conversation on preparing businesses for sale in todays market. Please join if you can.

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