The 2026 Mega-IPO Wave: Implications for Portfolios and Benchmarks
The planned initial public offerings this year of SpaceX, Anthropic and OpenAI comprise over $3 trillion in estimated value. In addition, a host of smaller
The planned initial public offerings this year of SpaceX, Anthropic and OpenAI comprise over $3 trillion in estimated value. In addition, a host of smaller
Private credit—particularly middle-market direct corporate lending—has attracted heightened attention as capital has flowed into the space and retail-oriented vehicles have expanded access. While concerns about
After an initial muted response to the war with Iran, market volatility surged over the past week. Early beliefs in a limited and contained war
Why is the market selling off today when everyone knew that tariffs would beannounced? The Tariff announcement far surpassed expectations The administration’s tariff announcement today
Humans thrive on stories. Psychological experiments document their effectiveness in communicating information and changing behavior. Neurologists measure the actual changes in brain chemistry that they
The Republican victory on Tuesday delivered a second term for Donald Trump and majorities in both houses of congress (as of this writing the House is still undetermined but leaning Republican). As incumbents tend to lose seats during mid-term elections, this majority may only last through 2026. President Trump will likely utilize his congressional advantage more effectively than he did in the first two years of his first term, with his focus on tax and trade policy providing the greatest impact on financial markets.
Over the past decade many investors abandoned actively traded mutual funds and separately managed accounts in favor of lower cost passive strategies. Morningstar recently estimated
University endowments report their investment performance on a June 30 fiscal year-end. With the market declines last year, the 2022 performance, which tracked July 1,
Russia invaded Ukraine this week in the largest European military action since World War Two. At this point, Putin’s goal looks to be overthrowing the
With the election results and positive vaccine news, investors now possess a clearer picture of the next few years. A Biden victory, without the predicted ‘Blue Wave’ giving the Democrats dominance in the