CIO reading list: September 2024

Explore expert takes on the U.S. economy, active investing, and more

Handpicked for CIOs, this selection of insights explores a number of critical topics, including: the role of hedge funds in portfolios, the changing macroeconomic landscape, and the upcoming U.S. election.

For CIOs

Macro Pulse: September 2024 (Global Market Strategy)

Historically, when the Fed raises interest rates, components of the economy slow in a sequential manner, resembling a domino effect. Will a rate cut reverse this?

The Big Picture Q4 2024 (Invesco)

Before considering projections for the next year, it may be instructive to use longer term return projections as a guide.

Considerations for Active Fund Investing (Vanguard)

For compliance reasons, this paper is only accessible in the United States

An active manager strives to outperform a benchmark consistently over time. In this pursuit, investors are exposed to the risk of the manager’s underperforming.

Heightened Volatility? Hedge Funds Could Help Weather the Storm (HSBC AM)

Is it time for allocators to turn towards hedge funds to diversify their portfolios and boost their returns?

How GP-Led Transactions Can Enhance Secondary Strategies (Apollo)

The potential benefits brought on by exposure to GP-led transactions compound the overall advantages associated with secondaries strategies.

Managing, Valuation & Investing Implications (Aswath Damodaran)

The notion of a business life cycle is neither new nor original, since versions of it have floated around in management circles for decades.

Global Wealth Investment Playbook (KKR)

Today, many investor portfolios still resemble the traditional 60/40 portfolio, but investors are increasingly looking to enhance their portfolios with Alternatives.

Assessing OCIO Performance and Fees (Commonfund Institute)

There are many factors that contribute to the fee structure of OCIO fees. Read more about them in this paper.

From CIOs

CIO Capital Market Outlook Sep 2024 (Merrill)

Mainly reflecting elevated interest rates and normalizing consumer demand, incoming U.S. economic data have remained slightly negative on balance.

Howard Marks | Shall We Repeal the Laws of Economics? (Oaktree Capital)

Politicians can promise whatever they want regarding the economy, but they won’t be able to deliver if their promises fly in the face of economic reality.

Major Issues Facing Investors in the Years Ahead (Bridgewater Associates/GIC)

This conversation focuses on four areas: the U.S. economy, the new wave of AI, China's economic direction, and sustainability.

CIO Monthly Perspective Sep 2024 (Rockefeller Capital Management)

Read some of the most penetrating thoughts on the U.S. election and global liquidity.