Just over 11 years ago, bitcoin quietly made its presence known as a defiant workaround to the concentration of financial authority. Clouded in code, it sang as a more muted and less lyrical echo of John Perry Barlow’s “Declaration of the Independence of Cyberspace,” unleashed from Davos in 1996 on the widening cracks in the definition of progress.
Manufacturers appear to be past the worst of the Covid slump. But stocks are pricing in a much stronger and faster recovery than any CEOs are anticipating.
Virtualisation, alongside the increasing use of data and digital functionality and services, is vital to future-proofing the family office. This has never been more apparent than now, when advisers must manage complex relationships remotely, and at a time when investors everywhere face significant challenges, says Yaela Shamberg.
More than 36 million Americans have filed for unemployment in the Coronavirus pandemic. Some predictions suggest we could see as high as 15-20% of our entire workforce unemployed before all of this is over.
Multi-family, office and industrial segments continue to offer attractive returns, experts say
While the pandemic has diverted filers’ attention, it’s never too early to plan ahead.
Experts weigh in on what employees should expect – and how they can keep track of their expenses – as their new way of work sets in.
WE STARTED the turn of the decade on a sanguine note, when a novel coronavirus named “Covid-19” – which initially seemed to be just another headline in the news, among many others – escalated into a global pandemic that has since put the world on brakes, with numerous countries in lockdown and more than five million (and counting) confirmed cases worldwide.
Family offices increasingly have to navigate the complexities of cross-border legal issues: a necessary side-effect of globalisation. The family office will consequently need advisers on issues such as tax, estate planning and regulation that covers all countries in the mix, and advice on succession planning is increasingly featuring high up on the family office to-do list.
With the benefit of hindsight, that turned out to be about right. Oxford Lane Capital Corp., a fund flagged by Barron’s that traded at $10.53 in July 2018, would top out at $11.50 a month later. It’s now worth just $3, not far from its low in March. Eagle Point Credit Co., which traded at $18.65 at the time, would climb by less than a dollar over the following year and is now hovering around $5.75. While these investments are known for their high yields, that’s still a steep loss in total value. And unlike public equities and even high-yield bonds, the funds show little evidence of rebounding anytime soon.
