Evercore Wealth Management
“First, do no harm.” Interestingly, that line is not part of the Hippocratic oath, although it is attributed to the ancient Greek physician. It’s also not always practical; if we followed it, we would never have surgery, for example. The…
Companies backed by private equity in the United States now outnumber publicly traded companies by two-and-a-half times, a 400% increase since 2000.1 They represent the fastest-growing sectors of the market, generating many technologies, products and services that investors cannot access…
Lawyers now spend seconds on contract reviews that used to take hundreds of (billable) hours. Data center cooling costs are being slashed. And digital agents are helping customers unlock productivity at an exponential scale. These are just three examples of…
Gold could be considered the first reserve currency. The first gold coins that we know of were struck around 550 BC, initiating a measure of value and facilitating trade and transactions between different groups of people – even those from…
Editor’s note: Asset-backed credit is an important and growing asset class. Here we interview Michael Paniwozik, president of Apollo Asset Backed Credit Company, or ABC, one of the carefully selected outside fund managers that supplement the core capabilities of Evercore…
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…