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Insights from our CIO
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Insights from our CIO
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CIO Insights are written by Angeles' CIO Michael Rosen
Michael has more than 35 years experience as an institutional portfolio manager, investment strategist, trader and academic.
RSS: CIO Blog | All Media
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30 Aug, 2024
Stock Market Is in the Homestretch of 2024. It's Time to Buckle Up & Branch Out
With the bond market rallying and long-term treasuries outperforming, Angeles CIO, Michael Rosen questions how much momentum remains: "How much of a rally is left in bonds, even if you expect a massive drop in rates?"
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13 Aug, 2024
Beach Reading
Six new books for you, all fiction, all great. I hope you enjoy!The Sellout, Paul BeattyThis is possibly the most brilliant satirical novel since A Confederacy of Dunces. The protagonist, known by his ...
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8 Aug, 2024
Advisors Take Stock After AI Shares Suffer Cruel Summer
"It's a legitimate debate about the pace of growth in the future, and the appropriate valuation, but the best performers will be those that generate the most profits," said Michael Rosen, chief investment officer at Angeles Investments.
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1 Aug, 2024
July 2024 Global Market Index Performance
Global equity and bond returns were positive in July. The S&P 500 returned 1.2%, the MSCI ACWI increased 2.1%, and developed non-U.S. equities (MSCI EAFE) rose 2.9%. In the U.S., value stocks significantly outperformed growth.
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1 Aug, 2024
AWM Recognized as RIA of the Year by Institutional Investor's RIA Intel
Angeles Wealth Management celebrates its recognition as RIA Intel's registered investment advisor (RIA) of the Year in the "$1 billion - $10 billion assets under management (AUM)" category.
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22 Jul, 2024
Geopolitics is Back to Break Markets' Stride
"For thirty years, investors have benefitted from the greatest era of globalization and geopolitical stability the world has seen," said Michael Rosen, chief investment officer of Angeles Investments in Santa Monica.
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8 Jul, 2024
2nd Quarter 2024 - Verschlimmbesserung
Investors make two big mistakes in assessing the risks of volatility and liquidity in equities. Solving for one problem creates a far bigger one, a notion captured by this mouthful of a German word, Verschlimmbesserung.
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5 Jul, 2024
Here's Where Money Managers are Seeking Income at Mid-Year as Rates Stay High
The prospect of "higher for longer" rates has made short-term fixed income assets especially attractive. In a recent CNBC article, our CIO, Michael Rosen, discussed how we're using collateralized loan obligations (CLOs) in portfolios.
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1 Jul, 2024
June 2024 Global Market Index Performance
Global equity and bond returns were mostly positive in June. The S&P 500 returned 3.6%, the MSCI ACWI increased 1.9%, and developed non-U.S. equities (MSCI EAFE) fell -1.6%. In the U.S., growth stocks significantly outperformed value.
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10 Jun, 2024
A Backdoor Roth and 2 More Ways to Save on Taxes
Safeguarding family wealth across generations requires careful planning, particularly when implementing optimal tax strategies. In a piece written by our managing director Rick Nott, he explores three crucial, lesser-known, strategies.
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5 Jun, 2024
Will We See a Global Tax on Billionaires?
Our managing director Rick Nott points out for Susan Lipp that U.S. Treasury Secretary Janet Yellen's opposition to a global wealth tax on billionaires aligns with America's values of capitalism and entrepreneurship.
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5 Jun, 2024
Advisors Name the Most Overlooked Financial Issues During Divorce Proceedings
"It's not just about investing, but they need to also provide emotional support and empathy to their clients during this difficult time in addition to offering practical financial advice," says our partner and head of the New York office Harry Grand.
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5 Jun, 2024
Emerging-Market Stocks' Latest Bout of Weakness Likely Won't Last
"EM markets as a whole have been less profitable. They have lower valuations, but that's because they should have lower valuations," Rosen said. He also notes the consistent outperformance & reliability of the U.S. compared to international markets.
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3 Jun, 2024
May 2024 Global Market Index Performance
Global equity and bond returns were positive in May. The S&P 500 returned 5.0%, the MSCI ACWI increased 4.1%, and developed non-U.S. equities (MSCI EAFE) rose 3.9%. In the U.S., growth stocks significantly outperformed value while small cap...
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10 May, 2024
AWM Speaker Series Featuring Bestselling Author Morgan Housel
We are pleased to continue this series with a live fireside chat with bestselling author Morgan Housel, and our esteemed hosts, Angeles Wealth senior advisors Ann Deaton and Rick Nott.
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8 May, 2024
Beach Reading
I'm happy to go to the beach year-round, but it's now really becoming beach weather, so I have five new book suggestions for your next trip to the beach.NonfictionThe Blue Machine, Helen CzerskiWe ...
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1 May, 2024
April 2024 Global Market Index Performance
Global equity and bond returns were negative in April. The S&P 500 returned -4.1%, the MSCI ACWI decreased -3.4%, and developed non-U.S. equities (MSCI EAFE) fell -2.6%. In the U.S., growth stocks slightly outperformed value while large cap...
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30 Apr, 2024
Jon Foster: Multigenerational Planning and the Psychology of Big Wealth
On the latest episode of Greg Bartalos' The Way Forward Podcast, Angeles Wealth's President and CEO Jonathan Foster discusses how the firm works with wealthy families on multigenerational wealth planning, philanthropy, and more.
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30 Apr, 2024
Celebrity, Charity, Diversity: Insights from a 'Financial Architect'
Angeles Wealth managing director Rick Nott opens up about the personal journey that led him to a career as a financial advisor. He reflects on his upbringing and coming up in the industry during the Global Financial Crisis.
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26 Apr, 2024
Angeles Named a Greenwich Quality Leader for Seventh Consecutive Year
Angeles is proud to be named a Greenwich Quality Leader for the seventh consecutive year. We are grateful to you, our clients, for the partnership and trust which form the foundation of each relationship and is at the core of what we do each day.
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9 Apr, 2024
1st Quarter 2024 - Luminiferous
One of America's greatest scientists was responsible for the most famous failed experiment in history. Therein lies lessons for investors today. We hope you enjoy our latest quarterly letter, Luminiferous, by our CIO, Michael Rosen.
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5 Apr, 2024
2023 Sustainability Report
Angeles Investments believes transparency is key to accountability. With this in mind, we are proud to share the 2023 Angeles Sustainability Report. This annual report highlights our sustainability initiatives and progress made during 2023.
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2 Apr, 2024
Transitioning to OCIO: Enhancing a Foundation's Mission Alignment
A community foundation embarked on a transformative journey to elevate its investment effectiveness and mission alignment. The following case study highlights a foundations transition to a fully discretionary, OCIO.
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1 Apr, 2024
March 2024 Global Market Index Performance
Global equity returns were positive for March. The S&P 500 returned 3.2% and the MSCI ACWI increased 3.2%, while developed non-U.S. equities (MSCI EAFE) rose 3.3%. In the U.S., value stocks outperformed growth while small cap outperformed large cap.
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