Excited About U.S. Equity Returns? Don’t Forget Pets.com

Over the past several years the performance of the U.S. equity market has widely outpaced the rest of the world. Part of the reason for that outperformance has been the superior growth trajectory in the U.S. following the Global Financial Crisis (GFC), and part stemmed from the expansion of multiples in U.S. equities. Another less […]

ESG’s Regional Regulatory Conundrum for Managers

Despite the climate change concerns of many Americans, our political and regulatory stance on environmental issues has diverged from much of the rest of the world. America’s withdrawal from the Paris Agreement, the administration’s easing of environmental regulations and enforcement, and the increased support for coal production are examples of this pivot. For institutional investors, […]