RESEARCH REVIEW
2011 YEAR IN REVIEW
World events continued to take center stage in 2011 and drove the “risk-on” and “risk-off” environment we have become accustomed to the last few years. Positive news drove the equity markets to rally, but when the outlook turned bleak, investors sought safety and risk assets sold-off. With the exception of the U.S., which realized flat stock market returns, most equity markets experienced double-
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.
PRIVATE CAPITAL RESEARCH REVIEW
PRIVATE CAPITAL OVERVIEW
Looking into the third quarter, optimism was challenged. Initial Public Offerings (IPOs) were delayed, credit became less available and more expensive, transaction volume decreased, and energy prices dropped. Where available, this report incorporates this defined shift in momentum that occurred in the third quarter. In this time of uncertainty, the market's mood swings are dramatic, evidenced by
FEG's quarterly review delves into alternative investments such as natural resources, private equity, and private real estate.
