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 April 20, 2018

April 23, 2018

After months of escalating geopolitical tensions, last week brought good news on multiple fronts. North and South Korea are evidently negotiating an end to the Korean War – a war...

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Covenant Weekly Market Synopsis for April 13, 2018

April 16, 2018

The week in review: positive developments in the trade spat with China, U.S. sanctions Russia, the FBI raids the office (hotel room, safety-deposit box, phones and home) of President Trump's...

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Covenant’s Weekly Market Synopsis for April 6, 2018

April 9, 2018

Tariff tough-talk once again roiled financial markets last week, as uncertainty provoked volatility. The 5-day trading week included two daily declines of more than 2% in the S&P 500 and...

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