Value Investor Insight Article "In Transition"
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Insights Blog
News, insights and thought leadership from the City Different team.
What Investors Need to Know About the Most Common Private Equity Fund Structures
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There’s a critical decision you have to make if you want (or already have) exposure to private equity as a part of your portfolio — does your chosen manager deploy capital through a fund structure...
A Looming Uranium Shortage?
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"Nuclear is wonderful as one of the sources of energy, one of the sources of sustainable energy.” —Nvidia CEO Jensen Huang The global nuclear renaissance is gaining steam. Our readers have seen our...
Supercore
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WEEK ENDING 3/31/2023 Highlights of the week: 2% inflation: an outdated concept. Federal Reserve close to ending most aggressive interest rate hikes. CDI expects one more rate hike in May and then a...
The Worst Thing You Can Do Is Nothing
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The problems/resolutions of both Silicon Valley Bank and Signature Bank bring to mind a Theodore Roosevelt quote: “In any moment of decision, the best thing you can do is the right thing, the next...
Buckle up for a wild ride
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WEEK ENDING 3/24/2023 Highlights of the week: J. Thaddeus Toad would like to welcome you to another wild ride: the fixed-income market. Domestic and international banks have grabbed the headlines for...
Banking Failures
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WEEK ENDING 3/17/2023 Highlights of the week: Condolences to all of you with busted NCAA brackets; maybe not the only things busted… Our overview of the idiosyncratic banking failures and Bank Term...
The Bailout
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WEEK ENDING 3/10/2023 Highlights of the week: Silicon Valley Bank fails due to poor diversification in its depositor base and too much duration in its fixed-income portfolio. We do not believe this...
Diversity and Inclusion in Finance
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Sweta Singh admits that she fell into finance by chance: “You do something day in and day out, and then you fall in love with it. I think it is symbiotic — you enjoy your work, and then you pour more...
BEAR OR BULL?
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WEEK ENDING 3/3/2023 Highlights of the week: As we await March’s data, we make cases for both bull and bear markets. The case for bear: a “reacceleration in interest rate hikes.” The case for bull: a...
Risk Management
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Risk management often carries the reputation of being “command and control.” Is it possible for institutional-class risk management to exist in a culture of freedom and responsibility?
FIXED INCOME MARKET INSIGHTS 2/27/23
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WEEK ENDING 2/24/2023 Highlights of the week: The markets are giving up positive returns for Lent. Inflation proves a pesky little bugger. A smart reader asked why we haven’t commented on the...
Cash Reserve Management
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“What do you do with cash?” is an investment question as old as, well, investing. It’s rare (and usually unwise) that an investor would have the entirety of their assets or holdings actively trading...
FIXED INCOME MARKET INSIGHTS 2/21/23
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WEEK ENDING 2/17/2023 Highlights of the week: Where is the recession? Federal Reserve is chasing neutral rate, and the market is catching up. Friday marks one year of the Russia-Ukraine war.