[5 min read, open as pdf]
A private market allocation is structurally hard to reverse if things go wrong with any of 1) the investor’s liquidity needs, 2) the private market fund’s underlying investments, or 3) the realised returns relative to risk-free investments (e.g. gilts) for a given term. As such, an allocation to private markets should be seen more like an irreversible decision, unlike almost all other investments available to institutional investors which can be sold at a day, week or month’s notice. In this brief note, we do not set out the case for investing in private markets – that has been set out extensively elsewhere. We do however raise some points of challenge to those stated advantages. [Read full paper as pdf] In this article for IG, Hoshang Daroga CFA, Investment Director at Elston Consulting, looks at the easing of Covid-19 restrictions in China.
Read in full In this article for IG, Henry Cobbe explores looks at an alternative approach to US indices.
Read in full UK inflation at 11.1%yy for Oct-22
For full updates including charts, open as pdf [3 min read, open as pdf]
US inflation at 7.7%yy for Oct-22
This is lower than the survey estimate… … and a decrease from 8.2%yy last month Represents lessening inflation pressures For full update including charts, open as pdf [3 min read, open as pdf]
[3 min read, open as pdf]
In this article for IG, Elston's Andrea Acimovic explores the paradox of the clean energy revolution.
Read in full In this article for IG, Jackie Qiao, Head of Fund Research at Elston Consulting, discusses the value of holding gold in times of market stress.
Read in full In this article for IG, Elston's Andrea Acimovic explores opportunities in the ESG space.
Read in full In this article for IG, Hoshang Daroga, CFA, Investment Director at Elston Consulting, explores whether and how to add back bond exposure.
Read in full [3 min read, open as pdf]
UK inflation at 10.1%yy for Sep-22
This is higher than 10.0%yy survey estimate… … and an increase from 9.9%yy last month For full update including charts, open as pdf [3 min read, open as pdf]
[3 min read - open as pdf]
[3 min read - open as pdf]
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