Apples and Oranges: The Power of Equity-Like Risk Measurement
There is a common saying when comparing unlike things – that comparing them is like “apples and oranges”. Nevertheless, those fruits are usually sold the same way, by weight or by count. Similarly, in this post, we explore how to compare securities across asset classes through the lens of equity-like risk. Risk is complex. Threats…
Read MorePrivate Capital Podcast with Joe Reilly: Stan Miranda – Bain Meets the Yale Model at Partners Capital
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Read MoreAlternative Fund Insight: Alex Band on building client portfolios
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Read MoreThe Future of Private Equity Investing is all about Post-Acquisition Operational Value Add (PAOVA)
Over the past decade, almost any private equity (PE) firm has been able to generate outsized returns. Falling interest rates have boosted returns in most asset classes, including buyouts that benefit from high leverage and low borrowing costs, as well as venture capital and growth equity that benefit from low discount rates, inflating back-ended cash…
Read MoreAsia as a source of diversification for global investors
Diversification was hard to come by for global investors last year. Rising U.S. interest rates sank almost all boats in a coordinated sell-off across capital markets: U.S. equities were down 18.1%, U.S. investment-grade bonds were down 15.6%, nominal Treasuries were down 12.5% and inflation-linked Treasuries were down 11.8%. European assets followed a similar path, with…
Read MoreMoney Maze Podcast – Asia: The Multi-Asset Class Opportunity Set
Arjun Raghavan, CEO of Partners Capital, Adam Watson, Partner and Co-Head of Asia Pacific, and Harvey Toor, CIO of Singapore Management University (SMU) are featured on The Money Maze Podcast with Simon Brewer. The conversation explores the investment opportunity set presented by Asia and the importance of a multi-asset class approach to capture it. Topics…
Read MoreWhat is an Outsourced Chief Investment Office (OCIO)?
What is an Outsourced Chief Investment Office (OCIO)? A full-service OCIO should offer comprehensive investment program management including an agreed overall investment policy, strategic and tactical asset allocation, portfolio construction, asset manager selection, risk monitoring and management, performance reporting and attribution, and middle and back-office operations. OCIOs are fiduciaries and, as such, must provide assurance to…
Read MoreCEO Arjun Raghavan shares his investment philosophy and personal insights with Money Maze Podcast
Partners Capital Chief Executive Officer Arjun Raghavan is featured on The Money Maze Podcast with Simon Brewer. Arjun shares his journey to becoming CEO of Partners Capital, which currently manages over $45 billion in assets across North America, Europe and Asia. Topics Arjun discusses include: The Money Maze Podcast is hosted by Simon Brewer, a…
Read MorePartners Capital Risk-Managed Endowment Approach (PRMEA)
Risk management is about knowing what you own. At the simplest level, Partners Capital’s risk management is achieved with our client portfolios through asset class and asset manager diversification and through a deep understanding of what each asset manager is doing. That is the essence of our risk management. Any insights we may have about…
Read MoreFair Fees and Alignment – Building Long-Term Partnerships with Best-In-Class Asset Managers
In 2014 we wrote our first whitepaper on “the war on fees”. At the time the proliferation of low-cost passive investment options was challenging the traditional high-fee model of active management. Alignment was poor, and many asset managers generated significant personal wealth regardless of whether they delivered excess returns for their investors. Over the last…
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