The Market Doesn’t Care
With the election less than two weeks away, polls indicate a very tight race not only for president but for…
Read the full article >Greg Leonberger is the director of research and a managing partner for Marquette Associates. An owner of the firm, Greg has been with the company since 2008 and has 25 years of investment experience. He leads the firm’s capital markets research and directs investment strategies and policies. He chairs the firm’s investment committee and also serves on the OCIO and defined contribution committees and the nonprofit services group. He has authored numerous papers on portfolio strategy, asset allocation, and liability driven investing, and regularly consults with clients on these topics.
Prior to joining Marquette, Greg was an actuarial consultant at Hewitt Associates for nine years where he consulted on all aspects of pension and postretirement welfare plans, including funding, accounting, strategy, design, and regulatory compliance.
Greg holds a B.S. in mathematics and economics from the University of Notre Dame and an M.B.A. with honors in analytic finance from the University of Chicago Booth School of Business. Greg is a Fellow of the Society of Actuaries, an enrolled actuary, a member of the American Academy of Actuaries, and a Fellow of the Conference of Consulting Actuaries.
With the election less than two weeks away, polls indicate a very tight race not only for president but for…
Read the full article >This video is a recording of a live webinar held October 23 by Marquette’s research team analyzing the…
Read the full article >On Wednesday, October 9, Nat Kellogg, CFA, Dave Smith, CFA, Greg Leonberger, FSA,…
Read the full article >When it comes to baseball, successful hitters have little trouble hitting the ball when they know what pitch is coming….
Read the full article >This video is a recording of a live webinar held July 23 by Marquette’s research team analyzing the first half…
Read the full article >On Tuesday, September 24, Greg Leonberger, FSA, EA, MAAA, FCA will be speaking at Pensions & Investments’ (P&I) Chicago…
Read the full article >On July 22–23, Dave Smith, CFA, Kweku Obed, CFA, CAIA, and Greg Leonberger,…
Read the full article >This video is a recording of a live webinar held April 25 by Marquette’s research team analyzing the…
Read the full article >Any ride on the London Tube reminds riders to mind the gap: Beware the space between train car and platform…
Read the full article >Is a recession coming to the U.S.? It’s a question that has been asked since 2022, as the Fed’s rapid…
Read the full article >On Wednesday, May 22, Greg Leonberger, FSA, EA, MAAA, FCA will be speaking at Institutional Investor’s 10th…
Read the full article >This video is a recording of a live webinar held January 25 by Marquette’s research team analyzing 2023 across the…
Read the full article >A former colleague once described his brother-in-law to me as a “40 degree day.” The puzzled look on my face…
Read the full article >This video is a recording of a live webinar held on October 26 by Marquette’s research team, featuring in-depth analysis…
Read the full article >Coming into 2023, investors were cautiously optimistic about 2023 market returns; cautious considering the broad losses across asset classes during…
Read the full article >Watch the flash talks from Marquette’s 2023 Investment Symposium livestream on September 15 in the player below — use the upper-right…
Read the full article >On Thursday, January 18, Lee H. Martin, Ph. D. and Greg Leonberger, FSA, EA, MAAA, FCA…
Read the full article >Recorded earlier this year, Director of Research and Managing Partner Greg Leonberger, FSA, EA, MAAA, FCA‘s Dakota Live!…
Read the full article >For anyone who regularly reads these letters, recall the market preview edition opined on the outlook for…
Read the full article >This video is a recording of a live webinar held July 19 by Marquette’s research team, featuring live,…
Read the full article >On Thursday, October 5, Greg Leonberger, FSA, EA, MAAA, FCA will be speaking at Institutional Investor’s 2023 Roundtable…
Read the full article >Greg Leonberger, FSA, EA, MAAA, FCA, and Nic Solecki will be speaking at the 69th…
Read the full article >On Wednesday, September 20, Greg Leonberger, FSA, EA, MAAA, FCA will be speaking at the 2023 Public Funds…
Read the full article >It seems only fitting that I write this as snow is falling the day after it was a beautiful 80°…
Read the full article >This video is a recording of a live webinar held April 20 by Marquette’s research team, featuring in-depth analysis of…
Read the full article >On Tuesday, May 23, Greg Leonberger, FSA, EA, MAAA, FCA, and Evan Frazier, CFA, CAIA will…
Read the full article >As winter takes hold in the northern hemisphere, there are those that choose to escape to warmer climates and those…
Read the full article >This video is a recording of a live webinar held January 19 by Marquette’s research team, featuring in-depth analysis of…
Read the full article >Hopefully not another year of coal In the spirit of holiday fun — and an effort to put 2022 investment returns…
Read the full article >This video is a recording of a live webinar held October 27th by Marquette’s research team, featuring in-depth analysis of…
Read the full article >Greg Leonberger, FSA, EA, MAAA and Nic Solecki will be speaking at the 68th Annual…
Read the full article >The presentations by our research team from Marquette’s 2022 Investment Symposium livestream on September 23rd are now available. Please feel…
Read the full article >Last week, we hosted our “Halftime” Market Insights Webinar. As the host, my job was to introduce…
Read the full article >This video is a recording of a live webinar held July 20th by Marquette’s research team, featuring in-depth analysis of…
Read the full article >Quite simply, this has been the worst start to a year since the 1930s: One of only 19 quarters since…
Read the full article >This video is a recording of a live webinar by Director of Research Greg Leonberger, FSA, EA,…
Read the full article >Here in Chicago, it has been a harsh spring. Below-average temperatures. Unrelenting rain. Snow flurries. Incessant clouds. Not the spring…
Read the full article >On Wednesday, May 18th, Greg Leonberger, FSA, EA, MAAA will be speaking at the 8th Annual Midwest Institutional…
Read the full article >This video features an in-depth analysis of the first quarter’s performance by Marquette’s research team, reviewing general themes from the…
Read the full article >On Tuesday, May 10th, Greg Leonberger, FSA, EA, MAAA will be speaking at Institutional Investor’s Redefining Fixed Income…
Read the full article >Financial markets kick off 2022 against a backdrop of elevated inflation, a(nother) COVID surge, looming interest rate hikes, an undersupplied…
Read the full article >This video coincides with our 2022 Market Preview letter from Director of Research
Read the full article >In this video, the authors of our recent white paper discuss the 60/40 model portfolio —…
Read the full article >Model portfolios — or those which adhere to a specific set of guidelines surrounding asset allocation and rebalancing — are…
Read the full article >Though the leaves have only started to change color, holiday party planning is in full swing. And while ample food…
Read the full article >This video features an in-depth analysis of the third quarter’s performance by Marquette’s research team, reviewing general themes from the…
Read the full article >On Thursday, September 23rd, Greg Leonberger, FSA, EA, MAAA will be speaking at the Office of the…
Read the full article >On Wednesday, June 9th, Greg Leonberger, FSA, EA, MAAA and Kweku Obed, CFA, CAIA…
Read the full article >Although this is only the second iteration of my quarterly letter series, Marquette has always produced quarterly market narratives in…
Read the full article >This video features an in-depth analysis of the first half of 2021, reviewing general themes from the second quarter and…
Read the full article >On Thursday, March 25th, Greg Leonberger, FSA, EA, MAAA will be speaking at Institutional Investor’s Pan-Institutional Virtual…
Read the full article >Welcome to our inaugural quarterly client newsletter! As a way of introduction, I am Greg Leonberger, Director of Research here…
Read the full article >This video features an in-depth analysis of the first quarter’s performance by Marquette’s research analysts and directors, reviewing general themes…
Read the full article >2020 was a year like no other and has left investors across the world wondering what the future looks like….
Read the full article >This video coincides with our 2021 Market Preview newsletters and provides a high-level summary of each,…
Read the full article >On April 25, Greg Leonberger, FSA, EA, MAAA, Director of Research and Managing Partner, was quoted in…
Read the full article >On Saturday, November 7th, Joe Biden was declared the winner of the presidential election and will become the 46th president…
Read the full article >The third quarter of 2020 featured a major rebound in economic data amid an intense battle for the presidency and…
Read the full article >This video features an in-depth analysis of the third quarter’s performance, coinciding with our 3Q Asset…
Read the full article >Director of Research Greg Leonberger, FSA, EA, MAAA will be speaking at the 65th Annual International Foundation of Employee…
Read the full article >This video features an in-depth analysis of the second quarter’s performance and coincides with our 2Q Asset…
Read the full article >The second quarter of 2020 proved to be as eventful as the first, with slow economic results being largely ignored…
Read the full article >This video features an in-depth analysis of the first quarter’s performance with a special focus looking forward from the coronavirus…
Read the full article >With March officially in the books, the following is a brief summary of what has transpired in the capital markets…
Read the full article >The following newsletter presents our most recent guidance on the coronavirus pandemic, stimulus measures enacted across the globe, and asset…
Read the full article >This weekend’s clash between Saudi Arabia and Russia at the OPEC meeting launched an oil price war that saw prices…
Read the full article >Last week was a painful one for the equity markets as fears about the coronavirus drove investors out of stocks…
Read the full article >2019 was certainly a profitable year for investors as traditional and alternative asset classes delivered positive returns. As we enter…
Read the full article >This video coincides with our annual Market Preview newsletters and includes a recap of 2019’s performance and…
Read the full article >The six flash talks by our research team at Marquette’s 2019 Investment Symposium on October 4th are…
Read the full article >Friday, September 29, 2017 8:00 AM – 2:30 PM Marquette clients…
Read the full article >Marquette’s 2019 Investment Symposium opened with a portfolio manager panel…
Read the full article >Live Webinar – Thursday, October 24, 2019 – 1:00-2:00 PM CT Please…
Read the full article >Our Investing 101 video series covers the fundamentals of investing. This series aims to create a knowledge base for trustees,…
Read the full article >On October 24, Greg Leonberger, Director of Research, was quoted in a FundFire article on equity risk. The article…
Read the full article >On April 8, Greg Leonberger, director of research, was quoted in a FundFire article on low volatility equity strategies…
Read the full article >Friday, September 30, 2016 8:00 AM – 3:00 PM Marquette clients –…
Read the full article >On March 1, Greg Leonberger, director of research, was quoted in a FundFire article on the asset allocation trend towards low-risk, low-fee…
Read the full article >Coming off a difficult 2018, investors face a litany of questions going into this year, whose potential answers will undoubtedly…
Read the full article >This year’s non-U.S. equity returns have been disappointing, particularly for developed small-cap, with the MSCI EAFE small-cap index down 17.6%…
Read the full article >Our 2018 Investment Symposium speakers summarize their presentations…
Read the full article >2018 Investment Symposium luncheon keynote featuring Richard H. Thaler, 2017…
Read the full article >2018 Investment Symposium flash talk by Greg Leonberger, FSA, EA,…
Read the full article >Stock markets around the globe “corrected” in October, experiencing a sudden and broad-based drop. The sell-off was somewhat unusual as…
Read the full article >CHICAGO, January 17, 2014 – Marquette Associates, Inc. today announced the election of four new managing partners to strengthen firm…
Read the full article >Friday, September 13, 2013 — 8:00 AM – 2:00 PM Marquette clients – Please join us to discuss the current market environment,…
Read the full article >As of June 30th, the Russell 3000 index was up only 3.2%, a far cry from its 10-year annualized return…
Read the full article >Friday, September 14, 2012 – 8:00 AM – 2:00 PM Nonprofit clients – Please join us for a discussion…
Read the full article >Each year, investors face numerous questions that can impact their portfolios, and 2018 is no different. How will tax reform…
Read the full article >A quick recap of the 2017 Investment Symposium —…
Read the full article >Flash talk by Greg Leonberger, FSA, EA, MAAA, at Marquette’s 2017 Investment Symposium What…
Read the full article >Similar to past market preview newsletters, we enter the year with a new set of questions. What shape will Trump’s…
Read the full article >Flash talk by Greg Leonberger, FSA, EA, MAAA at Marquette’s 2016 Investment…
Read the full article >To the surprise of pollsters, analysts, and much of the American public, Republican presidential candidate Donald Trump trampled predictions by…
Read the full article >One of the newer developments in the defined contribution world, several states have established retirement savings plans for workers…
Read the full article >Similar to previous years, we offer our annual market preview newsletter. Each year presents new challenges to our clients, and…
Read the full article >This video summarizes Marquette’s 2015 Investment Symposium on October 16, 2015, including the opening…
Read the full article >Flash talk by Greg Leonberger, FSA, EA, MAAA at Marquette’s 2015 Investment Symposium…
Read the full article >Over the last week, the U.S. equity market – as represented by the S&P 500 Index – declined 11% between…
Read the full article >Defined contribution (DC) plans have grown to become the most commonly used employer-sponsored retirement savings vehicle in the…
Read the full article >Similar to previous years, we offer our annual market preview newsletter. Each year presents new challenges to our clients, and…
Read the full article >In this presentation from our 2014 Investment Symposium, we explore current interest rate levels, our perspective as consultants, and strategic…
Read the full article >Similar to previous years, we present our annual market preview newsletter. Each year presents new challenges to our clients, and…
Read the full article >As shown in the graph above, 2013 has been a tremendous year for both investment grade and below-investment grade companies…
Read the full article >In this presentation from our 2013 Investment Symposium, we explore various emerging trends in the alternatives space,…
Read the full article >As we highlighted in a recent newsletter (Passive Strategies Gaining in Popularity), institutional investors continue to shift…
Read the full article >Live Webinar – Tuesday, April 16, 2013 – 1:00-1:45 PM CT Please join…
Read the full article >This week’s chart is relatively straightforward but reflects some potentially powerful messages for institutional investors. As plainly seen from the…
Read the full article >Driven by volatile equity markets, falling interest rates, and heightened aversion to portfolio losses, interest in risk parity has skyrocketed…
Read the full article >Our Chart of the Week examines the migration of dollars from active to passive U.S. equity mutual funds over the…
Read the full article >This summer’s unusually hot weather combined with little rain is shaping up to have a profound impact on corn yields…
Read the full article >Portfolios must be rebalanced to maintain the risk/reward profile set in the original asset allocation. But how often should portfolios…
Read the full article >Over the last five years, Liability Driven Investing (“LDI”) has grown in popularity as an investment strategy for pension plan…
Read the full article >Over the last five years, Liability Driven Investing (“LDI”) has grown in popularity as an investment strategy for pension plan…
Read the full article >This week’s chart shows the dynamic nature of correlations between asset classes by comparing correlations amongst traditional asset classes over…
Read the full article >Skyrocketing commodity prices combined with the poor performance of equities have led to an increased interest in commodity allocations. Commodities…
Read the full article >Reflecting back on 2011 does not elicit a lot of warm and fuzzy feelings. News highlights include a downgrade to the…
Read the full article >Given the fourth quarter U.S. stock market performance to date, we have been asked if certain quarters have historically offered…
Read the full article >This week’s chart examines the frequency and magnitude of market corrections in the U.S. equity market, as measured by the…
Read the full article >As the August 2nd deadline for a resolution to the debt ceiling debate quickly approaches, many questions are emerging about the…
Read the full article >For all the press coverage of rising gold and oil prices, commodity prices during the first half of 2011 showed…
Read the full article >In the wake of the 2008-2009 financial crisis, institutional investment stewards are faced with more complex fiduciary duties than ever. Join…
Read the full article >High inflation continues to be a worry for investors, most especially how it could lead to portfolio losses. The following…
Read the full article >For all the bad press about the state of public pension plans, the chart above shows that not every state’s…
Read the full article >While the current focus on Japan targets those directly affected by last week’s earthquake, investors are naturally curious to know…
Read the full article >Senior secured loans have become increasingly attractive to institutional investors over time because of their floating rate coupon. Prior to…
Read the full article >On Tuesday, February 1, the Dow Jones Industrial Average (“Dow”) closed above 12,000 for the first time in two and…
Read the full article >In the last four months of 2010, the price of oil rose from $72 as of August 31st to $91…
Read the full article >Given the amount of fiscal and monetary stimulus enacted to revive the United States economy, many are concerned about inflation…
Read the full article >In a move widely expected by investors and analysts, yesterday the Fed announced details of further quantitative easing (“QE”), commonly…
Read the full article >Futures contracts are widely utilized throughout the investment universe, but not always understood. The following paper covers the fundamentals of…
Read the full article >As portfolios have expanded to include international investments, investors must be aware of the currency risk inherent in foreign assets….
Read the full article >Financial Reform Bill Signed into Law The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law by President…
Read the full article >Though the scars of the 2008 financial crisis remain, 2009 helped to alleviate some of the pain as financial markets…
Read the full article >Given the amount of fiscal and monetary stimulus enacted to revive the United States economy, many investors are concerned about…
Read the full article >Understanding Sovereign Wealth Funds Sovereign Wealth Funds (SWF) were first introduced as an investment vehicle more than seventy years ago, but…
Read the full article >SEC and DOL Discuss Target Date Funds Over the course of the past several years target-date funds (TDFs) have grown in…
Read the full article >In an effort to revive the credit markets, the Term Asset-Backed Securities Loan Facility (“TALF”) was established by the government…
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