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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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![1.3% and 16%? As 2 and 20 Fades, Hedge Funds See New Fee Pressure]()
1 Sep, 20211.3% 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.
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![Texas Pension Reallocates Opportunistic Credit Sleeve to Fixed Income]()
1 Sep, 2021Texas 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..
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![August 2021 Global Market Index Performance]()
1 Sep, 2021August 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...
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![Analysis: UN Climate Report Increases Urgency for Green Investment Funds]()
10 Aug, 2021Analysis: 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.
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![Angeles Responsible Investing Policy - 2021]()
9 Aug, 2021Angeles 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...
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![Biden Bill May Boost Pensions' Appetite for Infrastructure]()
3 Aug, 2021Biden 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...
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![July 2021 Global Market Index Performance]()
2 Aug, 2021July 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...
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![Beach Reading]()
29 Jul, 2021Beach 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 ...
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![Stocks, Bonds & Other Assets: Angeles CIO Michael Rosen Interviewed by Bloomberg]()
8 Jul, 2021Stocks, Bonds & Other Assets: Angeles CIO Michael Rosen Interviewed by Bloomberg
What lies ahead for stocks, bonds, and other asset classes? Our Chief Investment Officer, Michael Rosen, joins Bloomberg Radio to share his outlook on the market, the economy, and other issues impacting investors during the second half of the year.
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![2nd Quarter 2021 - All in the Stars]()
7 Jul, 20212nd Quarter 2021 - All in the Stars
Concrete has been used as a building material since the Roman Empire 2,000 years ago. It has high compressive strength (it doesn't crack under heavy loads) but low tensile strength (it breaks easily when pulled), and its use waned in the...
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![Equities remain the place to be for long-term growth: Angeles Wealth Management]()
6 Jul, 2021Equities remain the place to be for long-term growth: Angeles Wealth Management
Our Chief Investment Officer Michael Rosen sits down with Yahoo! Finance to provide his perspectives on the market, current uncertainties faced by investors, and the role equities can play in a long-term growth portfolio.
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![June 2021 Global Market Index Performance]()
1 Jul, 2021June 2021 Global Market Index Performance
Global equities posted positive returns in June, with the MSCI ACWI IMI up 1.2% and the S&P 500 up 2.3%, while non-US developed equity markets fell -1.1% in dollar terms. Growth stocks outperformed value stocks for the month, and large cap stocks...
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![4 Reasons to Call It Quits With Your Financial Advisor]()
24 Jun, 20214 Reasons to Call It Quits With Your Financial Advisor
"There should be no discussion about investments until there's a deep dive and discovery on your current lifestyle, expenses, family members and retirement goals," says Harry Grand of Angeles Wealth Management.
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![Angeles Wealth's Jon Foster: Ugly Surprise Stalks Advisory Industry]()
11 Jun, 2021Angeles Wealth's Jon Foster: Ugly Surprise Stalks Advisory Industry
Jonathan Foster, President and CEO of Angeles Wealth, discusses his take on the wealth management industry, our differentiated approach and business model, and, as a result, our rapid growth and the appeal of our wealth advisory practice.
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![Reasons To Be Bullish On The Economy Right Now]()
5 Jun, 2021Reasons To Be Bullish On The Economy Right Now
The economy will see the fastest growth this year since 1950, says Michael Rosen of Angeles Investments. Corporations are short of supply in face of a booming demand, and will spend to boost output, he adds. Financial conditions are as accommodative
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![Stocks Pop as Solid Jobs Report Soothes Investor Fears]()
4 Jun, 2021Stocks Pop as Solid Jobs Report Soothes Investor Fears
"This is not a game-changer for the Fed," said Michael Rosen, managing partner and chief investment officer with Angeles Wealth. Rosen added that the jobs data also show that the economy is continuing to rebound at a solid clip, which will allay...
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![What Financial Advisers are Reading This Summer]()
3 Jun, 2021What Financial Advisers are Reading This Summer
"Think Again: The Power of Knowing What You Don't Know" (2021) by Adam M. Grant - For professional growth, this one is fascinating to me. Think Again explores the art of thinking and intellectual humility.
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![What's Next for the Advisor's Office?]()
3 Jun, 2021What's Next for the Advisor's Office?
Many commercial landlords have had to reverse trends towards open offices - where teams work in close proximity in "huddle spaces" - to create separated, defined spaces where a virus can't spread as easily, says Jonathan Foster, CEO of Angeles Wealth
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![May 2021 Global Market Index Performance]()
1 Jun, 2021May 2021 Global Market Index Performance
Global equities posted positive returns in May, with the MSCI ACWI IMI up 1.5%, the S&P 500 up 0.7%, and non-US developed equity markets up 3.3% in dollar terms. Value stocks outperformed growth stocks for the month, and large cap stocks...
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![A Framework for Evaluating OCIO Performance]()
21 May, 2021A Framework for Evaluating OCIO Performance
Read our latest whitepaper to learn why Angeles believes clients should insist upon GIPs compliant performance when evaluating an OCIO.
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![Stocks Close Mostly Lower as Yellen Says Interest Rates Likely to Rise]()
4 May, 2021Stocks Close Mostly Lower as Yellen Says Interest Rates Likely to Rise
Michael Rosen, Managing Partner and CEO at Angeles Wealth Management, says Yellen's comments threw a wrench into the market, even though her comments shouldn't have come as a major surprise.
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![April 2021 Global Market Index Performance]()
3 May, 2021April 2021 Global Market Index Performance
Global equities posted positive returns in April, with the MSCI ACWI IMI up 4.3%, the S&P 500 up 5.3%, and non-US developed equity markets up 3.0% in dollar terms. Growth stocks outperformed value stocks for the month, and large cap stocks...
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![RVK and Angeles Top Greenwich Consultant Rankings Four Years Straight]()
30 Apr, 2021RVK and Angeles Top Greenwich Consultant Rankings Four Years Straight
Michael Rosen, Angeles' chief investment officer, says his firm's size gives it a structural advantage. Angeles, which just marked its 20th anniversary, has had little employee or client turnover and is big enough to have the resources to identify...
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![Beach Reading]()
29 Apr, 2021Beach Reading
Beach weather is upon us in Southern California, so here are some book suggestions from my last few months of reading.Love, by Roddy DoyleTwo old friends, Joe and Davy, reunite after many years apart. ...
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