WELCOME TO PERSPECTIVES ON ALTERNATIVE INVESTMENTS

We hope you find our Perspectives on Alternative Investments informative and insightful, and we welcome your comments and suggestions for future topics.

 David Kaposi

Global Business Leader - Alternatives boutique

GO TO ISSUES:  APRIL 2012 | SEPTEMBER 2011 | SEPTEMBER 2010 | FEBRUARY 2010 

APRIL 2012 - VOLUME 3, NUMBER 1

The last 12 months have felt pretty dramatic from the investors’ perspective. As we start 2012, however, we appear to be in a similar position to that in the beginning of 2011. The S&P index gained just 1.7% over the 12 months; sovereign bond yields remain at historic lows in countries such as the US, UK and Germany, while global growth continues to be dominated by the emerging markets. The one other constant relative to a year ago is that we and our clients remain heavily focused on finding alternative investments to help diversify growth portfolios and to capture opportunities from these markets.

The world undoubtedly remains challenging for generating growth returns, but we believe the use of alternatives can be a helpful tool in stepping up to the challenge. We hope you find this issue of Perspectives on Alternative Investments valuable.

 Download PDF in A4 

 Download PDF in US Letter 

SEPTEMBER 2011 - VOLUME 2, NUMBER 1

The recent turbulent markets have reminded investors that they need to stay focused on all aspects of risk, including liquidity and operational risks. The turbulence also caused investors to think carefully about diversification; and we have seen a move towards diversification by underlying risk factors rather than naive diversification by asset class. Alternative investments have an important role to play in achieving this robust diversification. In this issue of Perspectives on Alternative Investments, we look at the continuing role of alternatives in institutional portfolios as an attractive investment in the current economic climate.

 Download PDF in A4

 Download PDF in US Letter

SEPTEMBER 2010 - VOLUME 1, NUMBER 2

Welcome to the second issue of Perspectives on Alternative Investments. In the first issue, we examined the risks and opportunities that emerged as we recovered from the financial crisis of 2008. In this edition, we continue to explore new opportunities that offer compelling return/risk characteristics.

 Download PDF in A4

 Download PDF in US letter 

 Issue two: Observations and strategies for 2010 and beyond

FEBRUARY 2010 - VOLUME 1, NUMBER 1

As investors review the asset allocation structure of their funds, there is no doubt that alternative investments will play a role in future investment decisions. This presents both challenges and opportunities for investors. The variety of strategies within this broad 'asset class' presents investors with differentiated return and risk characteristics. Many opportunities exist outside an investor's 'home country' and could potentially offer greater rewards than domestically based strategies.

However, more than ever, investors need to closely examine fund terms and conditions, liquidity constraints and a manager's back office operations. The level of due diligence required has indeed risen beyond just understanding the investment process. Given the upheaval in the markets, if an investor can take a long-term investment view, from chaos will come opportunity.

 Download PDF