Insights you might have missed last week
Cryptocurrencies, European security, and concentration
Explore some of the highest quality insight collected from top asset managers and institutions that you might have missed this week.
Capitalizing on the Growing Alternative Lending Market (Nuveen)
Private Credit, a nascent and rising asset class for wealth portfolios but one that is close to ubiquitous amongst institutional investors, can offer stable, high-yielding returns and reduced volatility compared to traditional fixed income.
Exploring Cryptocurrencies: March 2025 (Invesco)
This paper offers an overview of the trend and technology behind cryptocurrencies, as well as an assessment of the risks, valuation, and potential long-term outcomes of cryptocurrencies.
Top of Mind | Europe’s Shifting Security Landscape (Goldman Sachs)
With a quick end to the war increasingly in doubt and the rise in European defense spending likely to take a while at best, what this all really means for growth, markets, and the security landscape in Europe and beyond is Top of Mind.
Beyond 60/40: Private Assets in an Era of High Public Valuations (Apollo)
A combination of elevated public stock and bond valuations, recalcitrant inflation, and higher-for-longer interest rates could be creating new challenges for 60/40 portfolios and an attractive entry point to private markets.
Russia is NOT a Superpower (Institute of International Monetary Research)
Professor Tim Congdon points out that Russia produces less than 2% of world output and that this production is heavily reliant on basic energy, raw materials and food, and low-value-added manufactured goods.
Concentrated Portfolio Managers: Courageously Losing Your Money (Acadian)
Concentrated portfolios are risky, generating huge drawdowns and massive wealth destruction. The mistaken faith in concentration is driven by overconfident portfolio managers plus the pervasive failure to account for survivorship bias.
A Voting Machine or a Weighing Machine? (Outcast Beta)
While there is consensus that the stock market behaves as a voting machine in the short term, the question arises: Does the market transform into a weighing machine in the long term?
