Developing a Liquidity Management Policy

As Balentine has articulated over the years, proper liquidity management should not be taken for granted. While a seemingly innocuous subject in the world of public equities, variable rate fixed income securities, hedge funds, commodities and derivatives, failure to prepare for distributions can lead to undesirable outcomes for an entire portfolio. Portfolio distributions – fixed […]

From Tax Cuts to Tax Management

For the past 10 years, Americans have enjoyed historically low tax rates. The Bush-era tax cuts passed in 2001 and 2003 created a six-tier tax bracket based upon personal income levels and a relatively low capital gains/qualified dividends tax rate. In 2008, investment and accounting professionals began discussing what to do when the 2001 and […]

Alternative Energy: The Economics and Ethics of Water

While the deluge of debates about energy policies has passed with the election, questions about Alternative Energy sources remain – particularly for investors. Energy is a term that encompasses a broad range of resources for generating power beyond the traditional sources of gas, oil, coal and hydro. Three of these “non-traditional” sources – solar, wind […]

2013: Much Hyped After a Fast Start

The New Year is off to a great start for stock markets, with the first two trading weeks of 2013 closing up 2 to 3%. With this fast start for risk assets, it is difficult not to get carried away and want to jump on the bandwagon.

Elections 2012: Implications for Securities Markets

What do the results of the recent U.S. elections – most importantly the re-election of President Obama and the retention of the U.S. Senate by the Democrats and the U.S. House by the Republicans – portend for securities markets?

2013: The Year That May Be?

For a third year, Bob Reiser, Senior Investment Advisor and Investment Strategy Team Member, tries to make sense of the world’s markets and economies and come up with a forecast of the year ahead.

Bridging the Gap: A Tactical Rebalancing Act

Portfolio rebalancing is the process of bringing a portfolio that has deviated from a target allocation back in line. The prevailing notion for much of the investment industry has been to set and then forget an investment portfolio and only rebalance on a regularly scheduled basis, either monthly quarterly or in some cases yearly. Despite the fact that this has long been the industry standard, in the current low-return environment, this “set it and forget it,” autopilot strategy simply is not good enough.

QE III Offers Golden Opportunity

Last month, after much speculation, the Federal Reserve announced a more open-ended commitment to economic stimulus. This action, dubbed “QE III,” has significantly increased expectations of inflation and currency debasement of the US dollar.