by ivm_wpadmin | May 10, 2020
THE SPREAD BETWEEN US MARKET CAPITALIZATION AND BOOK VALUE IS NEAR AN ALL-TIME HIGHA DROP IN BOOK VALUE (TOTAL ASSETS LESS LIABILITIES) IS EXPECTED DUE TO THE ECONOMIC IMPACT OF COVID-19US STOCK MARKET IS OVERVALUED BY THIS MEASURE WHILE OTHER EQUITY MARKETS ARE...
by ivm_wpadmin | Apr 23, 2020
In the first quarter of 2020, the MSCI AC World index was down 21.3%. We have to go back to the fourth quarter of 2008, the heart of the US subprime mortgage crisis, to find as significant of a drawdown over a quarter (-22.3%). Since 2008, investors have only...
by ivm_wpadmin | Mar 17, 2020
Shadow accounting is standard business practice these days. Keeping a second set of financial books and records aims to ensure that a firm’s data, which is managed by an independent, third-party administrator, is accurate and has high integrity. The majority of...
by ivm_wpadmin | Mar 9, 2020
For years, investment management marketing was driven by relationships. Who had the biggest rolodex? Who worked at the most well-connected firms? Those were the prerequisites for investment management marketing success. The relationship drove consultants and...
by ivm_wpadmin | Mar 5, 2020
As everyone knows asset allocation decisions have a significant impact on an investment portfolio’s performance (against peers and its benchmark). We reviewed the average asset allocation and performance over five years, through December 2019, for each plan within...
