Category: Insights
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Industry Perspective: Beating Back the Bullsh!t.
Originally published on LinkedIn on July 8, 2024 Institutional Investing for Individuals: A Recipe for Disaster (And Why You Should Avoid It) Ok, I just couldn’t read another article or watch another video about how “your clients are more like institutional investors than you think” without speaking up on it.…
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Third Wire Counterweight Newsletter: June 2024
To subscribe to our newsletter visit us on LinkedIn: In a speech at a banking conference last month, Jamie Dimon expressed concerns about the rapidly growing private credit market, which has surpassed $1.7 trillion in assets globally. He cautioned that while there are many “brilliant” people in the industry, not all…
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Asset Allocation 201: Sortino Ratio, Positive Skew, and Near-Zero Correlation to Public Markets.
While Sharpe Ratio and standard deviation are cornerstone alternative investment risk metrics and provide valuable insights, other, more nuanced metrics are essential to deepening one’s understanding of an investment’s risk/return potential. In this article we discuss why the Sortino Ratio, maintaining a positive skew, and focusing on keeping a near-zero…
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Asset Allocation 101: I got a fever, and the only prescription is more
cowbellequities.
Look, we’re lovers, not fighters. Never mind the claims that hedge funds are “dead as a doornail” to UHNW investors in the media recently—we have a lot of respect for the person they interviewed, and they clearly know a lot about what UHNW investors are thinking about when it comes…
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Third Wire Counterweight Newsletter: May 2024
To subscribe to our newsletter visit us on LinkedIn: I hope you’re all doing well. In my first newsletter, I promised to keep these intros short and sweet. Then, I promptly forgot about that. 🙂 To get things back on track, I launched our new Industry Perspective as a place to…
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Industry Perspective: Aggregation of Aggravation
Originally published on LinkedIn on May 9, 2024 Okay, people. Are you getting as confused as I am by all the “private markets punditry” over the last month or so? Let me see if I can keep this all straight… On the one hand, we’ve got firms with a clear agenda and…
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Third Wire Counterweight Newsletter: April 2024
To subscribe to our newsletter visit us on LinkedIn: April already? Insert cliché about spring cleaning here. 🙂 Last month, I bombarded you with questions. This month, I’ve been digging around for answers and have shared a bunch of solid articles and recent studies below. If you’ve been following our company…
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Asset Allocation 101: Getting your equity allocation “right”
What’s in a name? The question of how to categorize private equity and whether it belongs to the realm of “alternative investments” might strike some as ‘stupid’ but it isn’t just a matter of semantics. It’s actually pretty important. This isn’t just about labels; it’s about accurately assessing and managing…
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Third Wire Counterweight Newsletter: March 2024
To subscribe to our newsletter visit us on LinkedIn: Happy March! This month, we’ll start by playing a game called “Choose Your Investment Analogy.” What’s my point? I’ve been thinking a lot about something I’ve been seeing more and more in recent weeks—stories related to large Private Equity shops and their…
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Asset Allocation 101: The ‘Ivy League’ Model isn’t a Fit for Individuals
Remembering our Core Principles Let’s just get this out of the way. Yes, we believe most of your clients could benefit from an allocation to alternative investments. No, we don’t think many of the new entrants in this industry take your clients’ best interests into account when they pitch you…