Jamie Lee isn’t a Top Chef, but he knows his way around the kitchen. He dabbles in sous vide with the help of a sous chef (his 6-year-old daughter). He…
Investors seeking to diversify their holdings away from traditional private equity may want to look at search funds. Although these funds debuted in the mid-1980s, they have gained traction in…
Financial Statement Analysis for Value Investing. 2025. Stephen Penman and Peter Pope. Columbia University Press. The discipline of value investing has had a tough time of late. The relentless ascent…
The investment management industry stands at a pivotal juncture, where artificial intelligence (AI) is reshaping many traditional processes and decision-making frameworks. From portfolio management to company analysis, AI’s capabilities offer…
For investors watching the energy transition unfold, the surge in prices of compliance credits known as D3 renewable identification numbers (RINs) tells an important story. Refiners and importers of gasoline…
Private credit has rapidly evolved from a niche asset class into a dominant force in the global lending ecosystem, now representing an estimated $2.5 trillion industry[1] rivaling traditional bank lending…
The Taiwan dollar’s rapid appreciation in the second quarter led to speculation of a “Plaza Accord 2.0” — a coordinated effort to weaken the US dollar — echoing the historic…
What happens when an industry survives not by producing products consumers desire, but by producing products governments desire? You get what I call a “pet industry” — a sector that…
Some high yield market participants claim the days of +1,000-basis-point (bps) spreads are behind us. Citing improved credit quality, aggressive Fed intervention, and a persistent shortage of supply, they argue…
Climate considerations are becoming increasingly central to investment strategies as investors seek to manage risks, capitalize on opportunities, and identify engagement targets related to climate change. These strategies often hinge…