Evercore Wealth Management
The S&P 500 has become so highly concentrated that it is taking on the higher risk and higher expected return characteristics of an insufficiently diversified portfolio. The largest market cap stocks in the S&P 500, appropriately dubbed the Magnificent Seven, now…
If the history of antitrust law teaches us anything, it’s that innovation is the natural state, at least in the United States. By the time regulators focus on an issue, the market is often already working toward solving the problem.…
Oscar Sloterbeck Editor’s note: Oscar Sloterbeck is Head of Company Surveys at Evercore ISI, one of the sources of research considered by Evercore Wealth Management. The surveys are used by ISI macro and fundamental research teams to measure the evolving…
Editor’s note: Emerging markets can afford U.S.-domiciled investors a range of diversification opportunities at relatively low valuations. Here we interview Caroline Cai, CEO and Portfolio Manager at Pzena Investment Management, one of the carefully selected outside fund managers that supplement…
Editor’s note: Neo Wang is the lead China economist/strategist at Evercore ISI, the leading U.S. research firm according to Institutional Investor’s annual survey.1 Evercore Wealth Management has limited investments in China, all of which are made through broader emerging market…
Bill Gates has a good line on change: “People,” he says, “often overestimate what will happen in the next two years and underestimate what will happen in 10.” We see evidence of that now, in the rush to exploit Artificial…
Public and private capital expenditure, or CapEx, is at record highs in the United States. From semiconductor manufacturing to cloud infrastructure expansion, to boosting the energy grid, incorporating Artificial Intelligence, or AI, into our lives isn’t cheap. At the same…
Editor’s note: Investors interested in exposure to General Partner-led (“GP-led”) secondaries, as described by Nigel Dawn here, the global head of the Private Capital Advisory Group at Evercore, may be interested in single asset continuation vehicles. Ricardo Lombardi, Global Head of…
Editor’s note: Nigel Dawn is the global head of the Private Capital Advisory Group at Evercore, leading a global team in originating and executing secondary market transactions for owners and managers of private financial assets (private equity, private infrastructure, and…