-
Insights from our CIO
-
Insights from our CIO
-
-
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
-
19 Nov, 2021
Stay Invested & Ride Out Market Volatility
Michael Rosen says to stay invested as there is a strong economy and an accommodative Fed. Regarding inflation, he believes that the Fed is playing with fire, and investors should avoid bonds in favor of cash.
-
17 Nov, 2021
Tis Almost the Season: the Holiday Gifts Financial Advisors Are Giving Clients
Were sending them absolutely nothing. Instead, we make donations to nonprofits in their honor. And we have. Its identified by what the staff and our community has identified to us as places that should be supported. Its a pretty diverse group.
-
12 Nov, 2021
Beach Reading
I was expecting this to be a Fireside Reading post, but we are having a heat wave in Southern California that is sending me to the beach. So here are a few suggestions for your literary consideration, ...
-
1 Nov, 2021
October 2021 Global Market Index Performance
Global equities posted strong returns in October, with the MSCI ACWI IMI up 4.9%, the S&P 500 up 7.0%, and non-US developed equity markets up 2.5% in dollar terms. Growth stocks outperformed value stocks for the month, and large cap stocks...
-
28 Oct, 2021
Basketball is Life
The last commencement address I gave was in 1978. No one remembers what I said. I know this for three reasons:1. I don't remember what I said2. No one remembers what any commencement speaker ...
-
26 Oct, 2021
Why Grantors Should Focus on Capacity-Building to Scale Impact
Of all the ways grantors can help nonprofits scale impact, capacity-building is the most effective over the long term. Grantors often think about impact in terms of the specific programs they fund, but these programs will only be as good as the...
-
21 Oct, 2021
West Takes East: Harry Grand and AWMs Triumphant Charge Into NYC
From a temporary office as a solo show, Grand has grown the NYC office significantly, in client relationships, assets and talent, bringing aboard four highly experienced wealth management professionals who report to him.
-
15 Oct, 2021
Tax-Savvy Wealth Mgmt. Surges in Importance for Financial Advisors & Clients
Harry Grand, senior managing director of Angeles Wealth Management, sees that divide as something to protect. Financial advice and tax planning both deal with complex issues and should be dealt with by separate individuals or teams.
-
5 Oct, 2021
3rd Quarter 2021 - Eternity in an Hour
One day, after school, Pablo strolled along La Rambla, the wide, tree-lined pedestrian street that runs from the harbor to the Placa de Catalunya, Barcelona's central plaza. He wandered into a used bookstore, and in the back of the store, buried...
-
1 Oct, 2021
September 2021 Global Market Index Performance
Global equities posted negative returns in September, with the MSCI ACWI IMI down -4.0%, the S&P 500 down -4.7%, and non-US developed equity markets down -2.9% in dollar terms. Value stocks outperformed growth stocks for the month, and small cap...
-
27 Sep, 2021
Fee Analysis: Mapping for a Better Future
High fees can eat away at an investors total return, disadvantaging retirement plan participants and creating potential legal risk for plan sponsors. Read our latest case study to learn how Angeles works with retirement plans.
-
22 Sep, 2021
Solar & Water Shortages May Define Future But Doesn't Make Them Good Investments
Its great to identify sectors with great demand, and the structural demand for those two sectors seems right for a long period of time, said Michael Rosen, CIO at Angeles in Santa Monica, Calif. But thats just one element. The other is supply."
-
21 Sep, 2021
Angeles Investments Advisors Appoints Sapna Shah as Managing Director
Angeles Investments announced today the hiring of Sapna Shah, CFA, CAIA as a Managing Director. She brings extensive background in client portfolio oversight, corporate responsibility, diversity and inclusion, and sustainable social impact.
-
11 Sep, 2021
Her Father Perished on 9/11. She Became an Advisor to Help Others Plan
For Chloe Wohlforth, Sept. 11, 2001 started out like an ordinary day. That began to change as she was sitting in her high school French class in Greenwich, Connecticut, and a friend came in and said a plane had just flown into the World Trade Center.
-
2 Sep, 2021
Covid-19 Is Still Raging. How Advisors Are Keeping Their Workplaces Safe.
Although Covid-19 restrictions are everchanging, Angeles has prioritized a safe work environment for our employees and clients. In a recent Barrons article, Jon Foster discusses our firms approach to ensuring our employees feel safe at the office.
-
2 Sep, 2021
Op-ed: Traditional 60/40 Portfolio Has Actually Reached Its Expiration Date
The traditional 60/40 portfolio has served investors well, but it has reached its expiration date. In an Op-ed for CNBC, Angeles CIO Michael Rosen outlines his thinking on why high-quality bonds no longer have a place in portfolios.
-
1 Sep, 2021
1.3% and 16%? As 2 and 20 Fades, Hedge Funds See New Fee Pressure
With many asset managers predicting lower market returns in the next decade, hedge funds that charge high fees and need high returns to justify them face a challenge, said Michael Rosen, principal and CIO at Angeles Investment Advisors.
-
1 Sep, 2021
Texas Pension Reallocates Opportunistic Credit Sleeve to Fixed Income
Pensions are moving away from core fixed income as they seek to make a tradeoff between volatility and yield, said Michael Rosen, principal and CIO at Angeles Investment Advisors.rn"If you're looking for reasonable steady income, with low volatility..
-
1 Sep, 2021
August 2021 Global Market Index Performance
Global equities posted positive returns in August, with the MSCI ACWI IMI up 2.5%, the S&P 500 up 3.0%, and non-US developed equity markets up 1.8% in dollar terms. Growth stocks outperformed value stocks for the month, and large cap stocks...
-
10 Aug, 2021
Analysis: UN Climate Report Increases Urgency for Green Investment Funds
"It's easy to exclude coal companies or bad actors from your portfolio and only invest in companies that are green. The real impact comes from taking high carbon emitters and forcing them to modify their behavior," said Michael Rosen, CIO of Angeles.
-
9 Aug, 2021
Angeles Responsible Investing Policy - 2021
Angeles views the adoption of responsible investing practices as integral to aligning our oversight and management of client assets with the important missions and values of our clients. This policy articulates some of the specifics of how Angeles...
-
3 Aug, 2021
Biden Bill May Boost Pensions' Appetite for Infrastructure
"There is an enormous illiquidity aspect to investing in infrastructure, said Michael Rosen, principal and CIO at Angeles Investment Advisors. These typically are projects that are 10, even 20 years. And so to lock up your money, to give up...
-
2 Aug, 2021
July 2021 Global Market Index Performance
Global equities posted positive returns in July, with the MSCI ACWI IMI up 0.5%, the S&P 500 up 2.4%, and non-US developed equity markets up 0.8% in dollar terms. Growth stocks outperformed value stocks for the month, and large cap stocks...
-
29 Jul, 2021
Beach Reading
A few more outstanding books for your summer readingBlack Buck, Mateo AskaripourThis is an exceptional debut novel about a brilliant (Bronx Science valedictorian) Black man working at a Starbucks for ...
-