November 30th, 2014
Contingency planning is a critical aspect of self-preservation. After all, the adage “those who fail to plan, plan to fail” proved itself during the 2007-2009 global financial crisis (the crisis), as many individual investors, investment managers, corporations, and countries were caught off guard by the debilitating and destabilizing effects of what proved to be the worst U.S. recession since the Great Depression. Oddly, since the depths of the crisis, U.S. pop culture has expressed a love affair with preparedness and contingency planning, including a fascination with zombie apocalypses. This captivation by much of the U.S. public is showcased by the success of television shows such as National Geographic’s Doomsday Preppers and AMC’s The Walking Dead.
FEG's Research Review brings you the monthly economic and market commentary, as well as an in-depth focus on a current topic of significance.
September 30th, 2014
Markets are cyclical. And what drives this cyclicality? Human behavior. While the existence of cycles is known, knowing the timing of those cycles is not. We are in the maturing stages of a private equity bull market. How do we know that? Because price-to-earnings ratios are high, underwriting standards have loosened, and IPOs are a hot topic at cocktail parties again. Thus far in 2014, Initial Public Offerings (IPOs)—including the notable Alibaba IPO—and acquisitions of companies backed by venture capitalists have driven one-year venture capital returns back into the stratosphere and pulled ten-year returns out of negative territory.
FEG's Capital Quarterly Review delves into alternative investments such as natural resources, private equity, and private real estate.