By Michael C. Patanella & Shona O’Hea, Grant Thornton Asset management firms have demonstrated their resilience in a variety of ways over the past 12 months as a series of events has created severe challenges across the globe. During the current economic downturn, asset management leaders are: These strategies have helped asset management firms succeed…
Priorities for new and growing private equity firms By Jason Menghi, Frank Fumai & Katie Spinello Apuzzo, Deloitte The alternative investments industry is soaring, with assets under management expected to reach $20 trillion by 2025.1 The rapid growth in private equity (PE) attracts and rewards new PE fund managers. Taking advantage of opportunities requires leaders to…
By Gary Brode, Deep Knowledge Investing Deep Knowledge Investing’s primary goal is to help our clients and subscribers earn better returns in the market, but in order to do that, you need to understand my view on complicated matters. This letter is going to be more technical than most, but I promise that if you…
By Gary Brode, Deep Knowledge Investing The world of finance is complex and can be overwhelming for a lot of people. Even more challenging is the fact that you can’t opt out of having some level of financial knowledge. We all have to exercise some oversight of our own budgets, savings, and investments. Some financial…
By Michael Patanella, Andrew Surgan & Charmone Adams, Grant Thornton Keeping up with compliance requirements is always a critical imperative in the highly regulated registered investment company (RIC) sector. As 2022 comes to a close, four risk alerts published in this calendar year by the SEC’s Division of Examinations staff (Division) provide important guidance for…
By Gary Brode, Deep Knowledge Investing In Part I and Part II, we covered several aspects of Inflation/CPI. It’s the single most important financial issue for 2022 so we explored the topic in depth. Cutting to the end, a combination of higher interest rates, comparisons with last year’s high CPI, and falling real estate and auto prices will…
By Patrick Warch, Baker Tilly The SEC issued a risk alert relating to the amended Advisers Act Rule 206(4)-1 (“Marketing Rule”) on September 19, 2022. The rule was adopted in December 2020, became effective on May 4, 2021, and included an 18-month transition period requiring compliance by November 4, 2022. This rule modernized rules that…
By John Basile & Baylee Zimmerly, Baker Tilly Asset management’s 2022 year-end webinar provided an update focusing on the current state of the industry and an economic outlook. The webinar included trending topics in the industry such as digital assets, environmental, social and corporate governance (ESG), tax changes and cybersecurity, which members of the Baker…
By Gary Brode, Deep Knowledge Investing We told you last night that Japan was throwing in the towel on its (approximately) zero interest rates and was raising rates to defend the yen. I read today that earlier this month, Morgan Stanley had predicted that Japan would hold the line on its debt through all of 2023. While…
By Gary Brode, Deep Knowledge Investing I got a great question from a new subscriber last week. He wanted to know if I thought he should buy the stocks currently on the DKI recommended list, or if some of the positions that had big profits should be considered a “hold”. It’s common for large investment…
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