Evercore Wealth Management
Behind all the market headlines is one incontrovertible fact: It is impossible to consistently time the markets. Just about everyone gets it wrong, so much so that over the past 20 years, when the S&P 500 compounded at a 9.9%…
Jim Grant of Grant’s Interest Rate Observer recently joked, “I remember interest rates. We used to have them.” No kidding. Seven years after the Great Recession, interest rates in the United States remain remarkably low. Investors in traditional fixed income…
The high-yield credit market, after suffering its worst year since 2008, is off to a rocky start in 2016. The weakness that originated in the commodity-focused credits has spread to high-yield sectors as diverse as retail, gaming, media, consumer products,…
The world is on the move. Today, there are 244 million people living outside their country of birth, the highest figure ever recorded, an increase of 71 million people since 2000. The global refugee crisis, along with security concerns that…
Evercore Wealth Management featured Celina Realuyo, the President of CBR Global Advisors LLC and the Professor of Practice at the National Defense University William J. Perry Center for Hemispheric Studies, at a client event on December 1, 2016 in New…
Now is always the hardest time to invest. It’s hard in bull markets, when investors fear that they are buying at the top, and in bear markets, which may have further to fall. It’s hard too in volatile markets like…
Many of the portfolios that we manage have a 5%-10% allocation to illiquid alternatives, as these investments are expected to generate strong returns relative to traditional asset classes. We seek opportunistic funds and managers that we believe have the potential…
Editor’s note: Evercore ISI is a leading provider of sell-side research in the United States and one of the providers of research to Evercore Wealth Management. Here is an extract of a recent conference hosted by Donald Straszheim, Head of…
While California has shown strong improvement in its fiscal affairs in three years, the state’s revenue base remains unstable. A highly progressive income tax structure, which makes California vulnerable to financial market performance, exposes the state to wide budget fluctuations…