Geopolitics will Avenge Oil Jul1

Posted by & filed under White Papers/ Thought Pieces.

naji

Oil prices incorporate no geopolitical risk premium today. This wasn’t the case throughout the 2000s. Oil traded $10–30/bbl above the cost of production, partially as insurance against supply disruptions. Despite oil price recovery this year, it still trades more than $10/bbl below ‘shale breakeven’ levels. Under $60/bbl, North American shale production will continue to decline. Iran’s nuclear accord has taken the specter of atomic warfare off the table

... Read more »

Opportunities in Developing World Healthcare Jun21

Posted by & filed under White Papers/ Thought Pieces.

DSC_1458

Healthcare is rising in importance within the developing world (defined as emerging and frontier markets) as these countries progress economically. A combination of aging populations, rising per-capita incomes, and increased investment in the sector are behind this change. Further, substantial investments in life sciences research in these countries over the past decade have started to yield products that are globally competitive. In this context we see four major trends creating a broad opportunity set for investing across selected healthcare subsectors in the developing world

... Read more »

Foresight Is Better Than Hindsight Jun6

Posted by & filed under Hedge Fund Investors, Hedge Fund Marketing, White Papers/ Thought Pieces.

ForesightHindsight

The Lake Wobegon Effect—where, according to its creator, Garrison Keillor, ‘all the women are strong, all the men are good looking, and all the children are above average’—relates to the tendency to overestimate one’s achievements and capabilities in relation to others. Lake Wobegon seems to be alive and well in the hedge fund industry, where every manager thinks they are above average, despite a wide range of evidence to the contrary

... Read more »