News & Awards

The dust has now settled on a frustrating quarter for managers positioned defensively, as we are. We began the year with many more bears to keep us company than was the case a year ago. The consensus was that the Federal Reserve would…

Most of us follow the markets and interest rates on a day-to-day basis, and this takes up a lot of time and attention because they tend to have a more short-term and immediate impact on markets. Yet, climate change by comparison is often viewed as a slower moving issue that we don’t know when or where…

Our investment thesis since early 2022 has been that the Federal Reserve will continue to raise rates and keep them at a high level until either inflation returns to target or “something breaks” in the form of a major financial crisis. The failures of regional banks Silvergate, Silicon Valley Bank (SVB) and Signature Bank earlier…

If you are a client who lives in the state of New York and purchased a life insurance or annuity contract, on March 20, 2020, the New York State Department of Financial Services (DFS) adopted an emergency regulation that provides relief to certain policyholders who can demonstrate financial hardship as a result of COVID-19. For…