Services Tags: Defined Contribution

TIPS Position Paper

Analyzes the asset class in detail, and offers a recommendation for investors interested in adding the asset class to their portfolios.

Given the amount of fiscal and monetary stimulus enacted to revive the United States economy, many are concerned about inflation emerging as a credible threat to the economic recovery. While such a threat is not foreseeable in the near future, unexpected inflation can negatively impact portfolios. However, several asset classes can protect against higher than expected inflation. Treasury Inflation Protected Securities (“TIPS”) is one asset class which offers inflation protection. The following paper analyzes the asset class in detail, and offers a recommendation for investors interested in adding the asset class to their portfolios.

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Understanding Currency Overlay

As portfolios have expanded to include international investments, investors must be aware of the currency risk inherent in foreign assets. Currency overlay programs provide a mechanism to mitigate currency risk. This paper examines how currency overlay programs can be used to reduce the currency risk embedded in foreign denominated portfolio allocations.

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Understanding TALF

In an effort to revive the credit markets, the Term Asset-Backed Securities Loan Facility (“TALF”) was established by the government as a means to promote private investment in the asset-backed securities market. Asset managers have been quick to move on this program, using TALF loan facilities to create TALF funds for interested clients. In the following paper, we investigate the TALF program and how it could provide liquidity to the credit market as well as attractive return opportunities for investors.

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