Quarterly outlooks, white papers, and unhurried commentary from our investment team.
After two years of compression, valuations are once again the dominant determinant of forward returns. We outline our positioning across asset classes.
Direct lending has matured from cottage industry to a $1.7T asset class. Where the opportunities, and risks, now sit.
A reflection on durability of returns from the world's best businesses, and why concentration is sometimes the prudent choice.
Why we believe core commercial real estate is approaching the most attractive entry point of this cycle.
Our annual letter to clients on the year that was, the year that comes, and the lessons learned along the way.
Our institutional approach to evaluating cryptocurrency exposure for qualified investors.
Four times a year. Long-form. No marketing.
Long-form thinking on markets, asset allocation, and the lessons we are learning. Sent four times a year.