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Insights from our CIO
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![Michael Rosen]()
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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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![The 60/40 Portfolio Needs a Rethink. What to Do Now.]()
22 Mar, 2022The 60/40 Portfolio Needs a Rethink. What to Do Now.
With inflation now surging and interest rates on the rise, a rethink of long-term investment strategy may be in order. Our CIO, Michael Rosen gives his thoughts on the latest from Lauren Foster in Barron's.
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![Q&A w/ Michael Rosen: Energy Best Place to]()
15 Mar, 2022Q&A w/ Michael Rosen: Energy Best Place to "Hide" from Potential Recession
The odds of an economic recession are increasing in the country as the Federal Reserve is forced to take a more aggressive approach due to inflation. Our CIO Michael Rosen addresses this & more with Lisa Mattackal on the Reuters Global Markets Forum.
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![Seeking Liquidity, Texas ERS Also Got a High-yield Bargain]()
14 Mar, 2022Seeking Liquidity, Texas ERS Also Got a High-yield Bargain
Portfolio construction is particularly crucial within high-yield ETFs, Mr. Rosen emphasized, noting a distinct return gap that shows up over 10 years, a result of discrepancies among the high-yield indexes that the largest ETF sponsors replicate.
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![Webinar Replay - Pandemic, Inflation, War - Investing Amidst Uncertainty]()
2 Mar, 2022Webinar Replay - Pandemic, Inflation, War - Investing Amidst Uncertainty
The pandemic accelerated some trends and likely created new ones. We explore some of those trends across social, political and economic arenas and discuss the prospects for inflation, the economy and investments. Oh, and there's a European land war g
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![February 2022 Global Market Index Performance]()
1 Mar, 2022February 2022 Global Market Index Performance
Global equities posted negative returns in February with the MSCI ACWI IMI down -2.3%, the S&P 500 down -3.0%, and non-US developed equity markets down -1.8% in dollar terms. Value stocks outperformed growth stocks for the month, and small cap...
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![The Russia-Ukraine War: What Investors Should - and Shouldn't - Do Now]()
25 Feb, 2022The Russia-Ukraine War: What Investors Should - and Shouldn't - Do Now
This history is pertinent, says Michael Rosen, managing partner and CIO at Angeles Investments and Angeles Wealth Management: "History tells us that major geopolitical events will have almost no impact on markets after six to 12 months."
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![Angeles 2021 Diversity, Equity, and Inclusion (DEI) Annual Report (12-31-21)]()
22 Feb, 2022Angeles 2021 Diversity, Equity, and Inclusion (DEI) Annual Report (12-31-21)
In the twenty years since we founded Angeles Investments with Leslie Kautz, it has been abundantly clear that the quality of our team is not only one of our strongest competitive advantages, but also key to cultivating... Updated 12-31-21
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![Angeles 2022 Long Term Capital Market Assumptions]()
18 Feb, 2022Angeles 2022 Long Term Capital Market Assumptions
This report presents Angeles Investment Advisors' updated capital market assumptions as of January 2022. These assumptions are used in asset allocation modeling for our clients over a long-term horizon (>10 years).
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![Ron Carson's Pursuit of Significance]()
14 Feb, 2022Ron Carson's Pursuit of Significance
Jon Foster, president and CEO at Angeles Wealth, a Los Angeles-based RIA with more than $900 million in assets, worked closely with the founder at Carson Group from 2009 to 2011. Foster said Carson was "mercurial" and Type A "with a capital A".
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![Recapping Earnings Season So Far]()
10 Feb, 2022Recapping Earnings Season So Far
Our CIO Michael Rosen broke down earnings to date, record-high inflation, why he's opposed to bonds and in favor of equities, and more with Nicole Petallides at TD Ameritrade.
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![Fireside Reading]()
8 Feb, 2022Fireside Reading
It's beach weather in LA this week, but in deference to the rest of the country, we'll stay with Fireside Reading. Three amazing novels and one fast-paced nonfiction romp through the world of ...
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![Wall Street's Epic Bonuses Are Back]()
3 Feb, 2022Wall Street's Epic Bonuses Are Back
Tune in to our CIO Michael Rosen's segment on Bloomberg Radio where he shared his thoughts on buying opportunities in the equity market and why investors should stay away from bonds. Listen to the full interview starting at 25:37.
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![January 2022 Global Market Index Performance]()
1 Feb, 2022January 2022 Global Market Index Performance
Global equities posted negative returns in January, with the MSCI ACWI IMI and the S&P 500 down -5.2%, and non-US developed equity markets down -4.8% in dollar terms. Value stocks outperformed growth stocks for the month, and large cap stocks...
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![5 Strategies for Charity-Minded Clients in 2022]()
1 Feb, 20225 Strategies for Charity-Minded Clients in 2022
"There are a lot of different nuances that go into what's the most tax-efficient way to accomplish philanthropic goals, and it really depends on the client's personal tax situation, their estate planning, and whatever the tax code says that year"...
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![Angeles Investment Advisors Appoints Head of Client Development]()
31 Jan, 2022Angeles Investment Advisors Appoints Head of Client Development
Angeles Investment Advisors, LLC, a global multi-asset investment management firm, announced today the hiring of Garry Duncan, CAIA, as Head of Client Development.
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![How Funders Can Assess Nonprofit Effectiveness for Investment]()
24 Jan, 2022How Funders Can Assess Nonprofit Effectiveness for Investment
As with any investment, the decision to support a nonprofit should be grounded in empirical evidence. An organization is worthy of investment if it's having a concrete, positive impact in the community and it's run well enough to maintain...
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![Netflix Plunge Deepens Nasdaq's Correction]()
21 Jan, 2022Netflix Plunge Deepens Nasdaq's Correction
"Monetary policy is no longer skewed in one direction: to ease. It's just the opposite," said Michael Rosen, managing partner at Angeles Investments. "We're facing an enormous change of monetary policy we havenÃt seen in a very long time."
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![Advisors Share Top Investment Recommendations for 2022]()
19 Jan, 2022Advisors Share Top Investment Recommendations for 2022
"There is no case for investors to own high-quality bonds," our CIO Michael Rosen tells Steve Garmhausen in his latest "The Big Q" column for Barron's.
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![4th Quarter 2021 - Optics]()
12 Jan, 20224th Quarter 2021 - Optics
Euclid wrote Elements 2,300 years ago. It consists of thirteen volumes of mathematical proofs, essentially inventing the field of geometry. It is the foremost work of deductive reasoning, the use of logic to establish hypotheses or proofs.
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![Angeles Appoints Two New Partners and Establishes New Head of Private Markets]()
12 Jan, 2022Angeles Appoints Two New Partners and Establishes New Head of Private Markets
Angeles Investment Advisors, LLC, , a global multi-asset investment management firm, announced today the admission of two new partners and the establishment of a new position, Head of Private Markets.
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![December 2021 Global Market Index Performance]()
3 Jan, 2022December 2021 Global Market Index Performance
Global equities posted positive returns in December, with the MSCI ACWI IMI up 4.0%, the S&P 500 up 4.5%, and non-US developed equity markets up 5.1% in dollar terms. Value stocks outperformed growth stocks for the month, and large cap stocks...
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![Best Advisor Interviews: 10 Answers to Get You Thinking]()
29 Dec, 2021Best Advisor Interviews: 10 Answers to Get You Thinking
The financial advice industry is booming and everyone in it seems really sanguine. What if anything should the industry be worried about? I think fee compression is coming and I think itÃs coming in a big way.
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![Angeles Investments Expands Footprint in Midwest]()
22 Dec, 2021Angeles Investments Expands Footprint in Midwest
Former Private Bank Wealth Leader to build upon Angeles' success in comprehensive wealth management for private families located in the Midwest
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![Angeles Expands Footprint in Midwest; Appoints Gary Cloudman to Chicago Office]()
20 Dec, 2021Angeles Expands Footprint in Midwest; Appoints Gary Cloudman to Chicago Office
Angeles Investments has welcomed our newest Managing Director, Gary Cloudman! We are thrilled to expand our footprint into the Midwest and have Gary lead and open the Chicago Private Wealth Office.
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