Markets move on change, not levels. Spot shifts in growth, inflation, and liquidity early to stay ahead of the global cycle.
Private credit’s resale market is booming. Secondaries offer liquidity but reveal growing strain in traditional exits.
Retail access to private markets is growing, but opacity, illiquidity, and weak governance raise serious concerns for investors.
Sharpe’s arithmetic explained markets at rest. Pedersen’s model shows markets in motion and how active management creates real economic value.
A collection of witty insightful essays by Larry Siegel explore progress, investing, and the ideas shaping modern economics.
Without an AI taxonomy, investment firms risk overrelying on agentic AI and underutilizing it for optimal capital allocation.
Chinese Mainland firms shift from Wall Street to HKEX as reforms, delistings, and policy alignment drive record listings and new investor access.
The line between financial engineering and sustainable value creation in PE exits is thin, and strategic buyers must be prepared to tell the difference.
AI can help LPs structure data, enhance due diligence, and improve oversight, while keeping human judgment central.
Why factor investing often fails in practice — and how causal reasoning helps quant models perform in the real world.