Insights

 
 

Insights

 
 

White Papers

A New Investment Frontier: An Introduction to Private Lending

A New Investment Frontier: An Introduction to Private Lending

Institutional and private investors are increasingly considering direct lending for their investment portfolios. This new investment frontier offers opportunities but also reason to move deliberately. This paper will discuss this new asset class, offering thoughts on the opportunity set as well as a primer on its underlying characteristics.

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Diversification

Diversification

In a period of ever rising equity markets, the emotional appeal to concentrate one’s portfolio in what has worked lately is strong. This often proves to be a poor long-term investment decision, as discussed in this thought piece.

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Executive Compensation: Design and Planning

Executive Compensation: Design and Planning

For an organization, compensation is best structured to reward employees for their efforts. For the executive team though, organizations should focus on alignment of its compensation plans with the performance of the organization and its executives, individually.

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Economic Commentary

2018 Q1 Economic Review and Outlook

2018 Q1 Economic Review and Outlook

In the fourth quarter, the economy expanded by 2.6% bringing real, annualized GDP growth to 2.3% in 2017. In many ways, 2017 was a prototypical post-Financial Crisis year with regards to economic growth. A weak first quarter gave way to stronger growth in the back half of the year, resulting in a good, but not a great year for the economy.

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2017 Mid-Year Economic Review and Outlook

2017 Mid-Year Economic Review and Outlook

The economy expanded at a real, annualized rate of 2.6% in the second quarter, while first quarter growth was revised down to 1.2% (vs. the previous estimate of 1.4%). The expansion was in line with analyst expectations from the beginning of the quarter and consistent with the post-Financial Crisis pattern of weak first quarters followed by stronger growth in the second quarter.

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2017 Q1 Economic Review and Outlook

2017 Q1 Economic Review and Outlook

During the first quarter, the economy expanded at a real, annualized rate of 0.7%. Relative to consensus estimates for Q1 growth and recent real growth rates in the latter half of 2016, this can only be described as a disappointing start to the year.

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Latest Blog Posts

Covenant Weekly Market Synopsis for February 16, 2018

February 19, 2018

Following a tumultuous seven days to kick-off the month of February, financial markets regained their footing in the second full week of trading and posted substantial gains. Domestic equities rose...

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Covenant Weekly Market Synopsis for February 9, 2018

February 12, 2018

It was a volatile week both in terms of stock prices (S&P 500: Mon. -4.1%, Tues. +1.74%, Wed. -0.5%, Thur. -3.8%, Fri. +1.49%), and specifically for the VIX Index which...

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Covenant Weekly Market Synopsis for February 2, 2018

February 5, 2018

After a long (15-month), virtually uninterrupted run higher, equity markets had a “challenging” week. Losses were broad and deep, with little discernment regarding asset type or geography as stocks, bond,...

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