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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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![U.S. economy to see strongest growth since 1950: Angeles Wealth Management CIO]()
28 Apr, 2021U.S. economy to see strongest growth since 1950: Angeles Wealth Management CIO
Michael Rosen, Angeles Wealth Management CIO & Co-Founder, joins Yahoo Finance Live to discuss outlook on the economy amid FOMC published statements.
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![Fourth Consecutive Year Angeles Wins the Greenwich Quality Leader Award]()
27 Apr, 2021Fourth Consecutive Year Angeles Wins the Greenwich Quality Leader Award
For the fourth time, Angeles Investments has been named a 2020 Greenwich Quality Leader in Overall U.S. Investment Consulting among midsize consultants. Angeles is the only advisor in this category awarded this distinction for four consecutive years.
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![A Tremendous Loss on 9/11 and the Path Forward]()
21 Apr, 2021A Tremendous Loss on 9/11 and the Path Forward
Sept. 11, 2001 is a day most Americans can't forget, when Al-Qaida coordinated four terrorist attacks against the United States. But for Chloe Wohlforth, managing director of Angeles Wealth Management in New York, it was the day she lost her father.
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![Artadia announces 2021 Los Angeles Awardees]()
8 Apr, 2021Artadia announces 2021 Los Angeles Awardees
The Angeles Art Fund is proud to support The 2021 Los Angeles Artadia Awards. Artadia is a non-profit, grantmaking organization that supports visual artists with unrestricted, merit-based financial awards as well as community support, advocacy...
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![1st Quarter 2021 - Cognitive Dissonance]()
5 Apr, 20211st Quarter 2021 - Cognitive Dissonance
Surgery is painful, which is why humans have experimented with various forms of anesthesia for millennia. Herbal remedies and alcohol were probably used pre-history, opium was cultivated by the Sumerians 4500 years ago, and Peruvians were chewing...
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![March 2021 Global Market Index Performance]()
1 Apr, 2021March 2021 Global Market Index Performance
Global equities posted positive returns in March, with the MSCI ACWI IMI up 2.6%, the S&P 500 up 4.4%, and non-US developed equity markets up 2.3% in dollar terms. Value stocks outperformed growth stocks for the month, and large cap stocks...
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![With A Little Help From Our Friends]()
1 Apr, 2021With A Little Help From Our Friends
For us at Angeles, it was exactly twenty years ago, today, that we opened our doors and began our new venture. Leslie, Howard, and Michael were joined on Day One by Anna (because we needed someone who could do the actual work), and Sandra joined...
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![Webinar Replay - A Solutions-Oriented Framework to Strategic Asset Allocation]()
2 Mar, 2021Webinar Replay - A Solutions-Oriented Framework to Strategic Asset Allocation
Forward-looking projections suggest no combination of high-grade bonds and equities is likely to meet investor objectives. So how do investors move forward?
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![Are Advisors Really Doing Something About Diversity?]()
2 Mar, 2021Are Advisors Really Doing Something About Diversity?
Take Angeles Investments, a Los Angeles-based firm with over $30 billion in assets under advisement. After the protests, the firm held two three-hour ÃÅ"bias trainingÃÂ sessions for all interested employees. Those meetings produced multiple insights...
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![February 2021 Global Market Index Performance]()
1 Mar, 2021February 2021 Global Market Index Performance
Global equities posted positive returns in February, with the MSCI ACWI IMI up 2.7%, the S&P 500 up 2.8%, non-US developed equity markets up 2.2% in dollar terms, and emerging markets up 0.8%. Value stocks outperformed growth stocks for the month...
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![What to Know About the Average Rate of Return on Mutual Funds]()
26 Feb, 2021What to Know About the Average Rate of Return on Mutual Funds
"Short-term performance is statistically insignificant. It's impossible to distinguish between a manager's skill and luck," says Michael Rosen, chief investment officer for Angeles Investments. Rosen adds that when reviewing track records, it's...
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![Michael Rosen Nasdaq #TradeTalks When Do You Take Profits]()
18 Feb, 2021Michael Rosen Nasdaq #TradeTalks When Do You Take Profits
When Do You Take Profits? Our Chief Investment Officer, Michael Rosen, joins Global Markets Reporter, Jill Malandrino, on Nasdaq #TradeTalks to discuss.
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![A New Framework to Strategic Asset Allocation]()
18 Feb, 2021A New Framework to Strategic Asset Allocation
The purpose of an investment portfolio is to support current and future spending. Some spending may be known and near-term: beneficiary payments (in the case of a pension fund), current operational expenses (in the case of an endowment) or...
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![Resilia - Philanthropy Report 2021]()
11 Feb, 2021Resilia - Philanthropy Report 2021
While 2020 was in many ways unprecedented, it's important to consider the ways in which the underlying causes of the upheaval we've witnessed aren't new at all.
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![January 2021 Global Market Index Performance]()
1 Feb, 2021January 2021 Global Market Index Performance
Global equities gave up their gains for the month as January came to a close, with the MSCI ACWI IMI down -0.2%, the S&P 500 down -1.0%, non-US developed equity markets down -1.1% in dollar terms, and emerging markets up 3.1%. Growth stocks...
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![Stop the Game!]()
31 Jan, 2021Stop the Game!
Jesse Livermore was a legendary stock trader of the early 20th century. Mere rumors of his involvement in a stock could send its share price soaring.Back then, Livermore organized stock pools, in ...
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![A Decade of Growth: How the Biggest Managers Consolidated their AUM Advantage]()
27 Jan, 2021A Decade of Growth: How the Biggest Managers Consolidated their AUM Advantage
"In a period of low returns, fees play a much bigger role in the net performance that investors get," says Michael Rosen, principal and CIO at Angeles Investment Advisors, an investment consultant.
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![Renaissance Caps Transition as Succession Issue Stalks Hedge Funds]()
20 Jan, 2021Renaissance Caps Transition as Succession Issue Stalks Hedge Funds
Many large firms were founded by leaders now nearing retirement age, and the question of succession, which has already been present, will continue to get a lot of attention, says Michael Rosen, principal and CIO at Angeles Investment Advisors
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![Ares, GIP Muscle into Aviation Market with New Deals]()
13 Jan, 2021Ares, GIP Muscle into Aviation Market with New Deals
Most investors are looking forward to an economic rebound at some point this year, and will especially focus on investment sectors such as aviation that absorbed heavy damage, says Michael Rosen, principal and CIO at Angeles Investment Advisors.
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![4th Quarter 2020 - Na Triobloidi]()
11 Jan, 20214th Quarter 2020 - Na Triobloidi
Betty Smyth was born in Belfast in the midst of World War Two, to a Protestant father, a butcher, and a Catholic mother, a part-time waitress. She left school at 5 and married Ralph Williams at the age of 18. August 10, 1976 was a hot summer day...
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![Consultants Create Group to Focus on Industry Diversity]()
5 Jan, 2021Consultants Create Group to Focus on Industry Diversity
Members of the IIDC advise on a collective $4 trillion of assets held by clients in retirement plans, employee health funds, endowments, foundations and other funds. Founding members include Angeles Investment Advisors.
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![December 2020 Global Market Index Performance]()
4 Jan, 2021December 2020 Global Market Index Performance
Global equities continued to rally in December, with the MSCI ACWI IMI up 5.0%, the S&P 500 up 3.8%, non-US developed equity markets up 4.7 % in dollar terms, and emerging markets up 7.4%. Growth stocks outperformed value for the month, and small...
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![Nineteen Predictions for Wealth Management in 2021]()
24 Dec, 2020Nineteen Predictions for Wealth Management in 2021
2020 has been a forgettable year for the human condition and political discourse. However, it has been a memorable year in the wealth management business. It will be much the same in 2021. This is a year of the Have and Have Nots. A number of...
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![Fireside Reading]()
15 Dec, 2020Fireside Reading
Since my last update a few months ago (https://www.angelesinvestments.com/institutional-insights/still-beach-reading), I've moved from the beach to the fireplace, and am happy to share my reading ...
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