Home Library Welcome to our library CASE STUDIES GREYCOURT NEWS POINT OF VIEW WHAT WE ARE READING WHITE PAPERS MOST RECENT WHITE PAPERS Flash Report October 2021 Download Flash Report Here November 2, 2021 WHAT WE ARE READING Could search engines be fostering some Dunning-Kruger? – John Timmer, Ars Technica October 21, 2021 WHAT WE ARE READING ‘Great Attrition’ or ‘Great Attraction’? The choice is yours – McKinsey Quarterly – September 8th, 2021 October 12, 2021 WHITE PAPERS Flash Report September 2021 Download Flash Report Here October 1, 2021 WHITE PAPERS Greycourt White Paper No. 67: The Current Case for Equity Long/Short Hedge Funds Our clients—like many investors—perceive that equity long/short hedge funds have, on average, not done a very good job of either hedging market risk or beating broad passive equity indices following the end of the Great Financial Crisis and the beginning of the subsequent bull market. Those perceptions are correct and spur a question that we… Mark Thomas | September 27, 2021 POINT OF VIEW Greycourt Brief: Tax Update & Observations The House Ways and Means Committee advanced a proposal for new tax legislation. This investment brief summarizes our thoughts on the proposal and offers some considerations for investment portfolios. Download the brief here » Mark Thomas | September 22, 2021 WHAT WE ARE READING Inflation is All Over the Place – James Mackintosh, The Wall Street Journal September 20, 2021 WHAT WE ARE READING How Investors Can (and Can’t) Create Social Value – Paul Brest, Ronald Gilson, & Mark Wolfson, Stanford Social Innovation Review Download the article here » September 7, 2021 WHITE PAPERS Flash Report August 2021 Download Flash Report Here September 1, 2021 WHAT WE ARE READING How Amazon, JP Morgan, and Berkshire Hathaway took on America’s health care system and lost – Erika Fry, Fortune August 26, 2021 WHAT WE ARE READING Animals Count and Use Zero. How Far Does Their Number Sense Go? – Jordana Cepelewicz, Wired August 20, 2021 WHITE PAPERS Flash Report July 2021 Download Flash Report Here August 2, 2021 GREYCOURT NEWS Leadership Transition Announced WHAT WE ARE READING When Will China Rule the World? Maybe Never – Eric Zhu and Tom Orlik, Bloomberg July 8, 2021 WHITE PAPERS Flash Report June 2021 Download Flash Report Here July 1, 2021 POINT OF VIEW Greycourt Brief: A Perspective on Inflation “Beware…inflation is coming!” warns virtually every market pundit and prognosticator. We agree that over the near term, inflation will be elevated, perhaps sharply so, as the world recovers from its self-imposed Covid isolation. What does that mean for our clients, however? Should they rush to reposition their portfolios into gold, Tips, commodities and value stocks… Greg Friedman | June 22, 2021 WHITE PAPERS Flash Report May 2021 Download Flash Report Here June 1, 2021 WHAT WE ARE READING Unhedged: Talking bubbles with Jeremy Grantham – Robert Armstrong, Financial Times Download the article here » May 25, 2021 WHAT WE ARE READING Even Short-Term Inflation Will Test the Fed – James Mackintosh, WSJ May 21, 2021 WHAT WE ARE READING Productivity Is Finally Looking Up, and the Gains Could Lift Growth May 4, 2021 WHITE PAPERS Flash Report April 2021 Download Flash Report Here May 3, 2021 WHITE PAPERS Greycourt White Paper No. 65: Investment Implications of a Biden Win President Biden’s proposed tax changes for corporations and wealthy individuals when he was a candidate are nearly identical to those recently proposed by his administration. This white paper (written when President Biden was still a candidate) examines how proposed tax policy changes might impact portfolio design and spending decisions. Download the white paper here » Greg Friedman, Jeff Moyer | April 30, 2021 GREYCOURT NEWS A Letter from our Chief Investment Officer Download the letter (PDF) here » Jim Foster | April 29, 2021 WHAT WE ARE READING U.S. Debt Is at a Record, but the Risk Calculus Is Changing – Jo Craven McGinty, WSJ Download the article here » April 20, 2021 WHAT WE ARE READING China Creates Its Own Digital Currency, a First for Major Economy – James T. Areddy, WSJ Download the article here » April 7, 2021 WHITE PAPERS Flash Report March 2021 Download Flash Report Here April 1, 2021 WHAT WE ARE READING One of World’s Greatest Hidden Fortunes is Wiped Out in Days – Katherine Burton and Tom Maloney, Bloomberg Download the article here April 1, 2021 WHAT WE ARE READING NFTs Are Driving Stunts and Diving into the Culture Wars – Nick Bilton, Vanity Fair Download the (PDF) here » March 23, 2021 WHAT WE ARE READING We’re Worried About Bubbles. That’s a Good Thing – John Authers, Bloomberg Download the (PDF) here » March 3, 2021 WHITE PAPERS Flash Report February 2021 Download Flash Report Here March 1, 2021 WHAT WE ARE READING Race, Risk, and the Emergence of Federal Redlining – P. Fishback, J. LaVoice, A. Shertzer, R. Walsh, NBER Working Paper Series Download the (PDF) here » February 12, 2021 GREYCOURT NEWS Greg Curtis’s new book, Advising the Ultra-Wealthy WHITE PAPERS Flash Report January 2021 Download Flash Report Here February 1, 2021 WHAT WE ARE READING Walmart Is Adopting Socially Responsible Policies. ESG Funds Are Taking Notice. – Sarah Max, Barron’s Download the (PDF) here » January 11, 2021 WHAT WE ARE READING Chinese Tech Stocks Are in Hot Water. It May Not Last. – Craig Mellow, Barron’s Download the (PDF) here » January 4, 2021 WHITE PAPERS Flash Report December 2020 Download Flash Report Here January 4, 2021 WHITE PAPERS Greycourt White Paper No. 66: China and the Investor’s Dilemma Many investors are flummoxed when it comes to investing in China. On the one hand, it is one of the largest investment markets in the world. On the other hand, there are serious investment, geopolitical and ethical issues associated with China. Indeed, there are few investment topics that elicit as much spirited debate among our… Gregory Curtis, Greg Friedman, Matthew Litwin, David Morris | December 8, 2020 WHITE PAPERS Flash Report November 2020 Download Flash Report Here December 1, 2020 WHITE PAPERS Flash Report October 2020 Download Flash Report Here November 2, 2020 WHAT WE ARE READING Wall Street versus Main Street: Why the disconnect? By Marc Goedhart, Tim Koller, and Pete Stumpner – McKinsey & Company Download the (PDF) here » October 12, 2020 WHITE PAPERS Flash Report September 2020 Download Flash Report Here October 1, 2020 WHAT WE ARE READING Disease, Downturns, and Wellbeing: Economic History and the Long-Run Impacts of COVID-19 Download the (PDF) here » September 14, 2020 GREYCOURT NEWS Matt Litwin Promoted to Greycourt President WHITE PAPERS Flash Report August 2020 Download Flash Report Here September 1, 2020 WHITE PAPERS Flash Report July 2020 Download Flash Report Here August 3, 2020 WHITE PAPERS Flash Report June 2020 Download Flash Report Here July 1, 2020 WHAT WE ARE READING 1Q 2020 GMO Quarterly Letter by Ben Inker and Jeremy Grantham Download the (PDF) here » June 16, 2020 WHITE PAPERS Flash Report May 2020 Download Flash Report Here June 1, 2020 WHITE PAPERS White Paper No. 63: What Will You Do in the Next Crisis? The last couple of months have been extremely eventful for all of us. First and foremost, we hope that you and your families continue to be well and that you are finding ways to navigate these very uncertain times. All of this uncertainty can create a sense of fear, and in the words of Warren… May 6, 2020 WHITE PAPERS Flash Report April 2020 Download Flash Report Here May 1, 2020 WHAT WE ARE READING KKR Global Macro Trends | Keep Calm and Carry On | April 2020 Download the (PDF) here » April 23, 2020 WHAT WE ARE READING IMF World Economic Outlook | Chapter 1: The Great Lockdown Download the (PDF) here » April 15, 2020 WHAT WE ARE READING The Private Equity Negotiation Myth – William Clayton, Yale Journal on Regulation Download the (PDF) here » April 2, 2020 POINT OF VIEW Flash Report March 2020 Download Flash Report Here April 1, 2020 GREYCOURT NEWS A Letter from our Chief Investment Officer Download the letter (PDF) here » Jim Foster | March 30, 2020 WHAT WE ARE READING This classic McKinsey article from 2000 is something we are reviewing during this volatile time. Download the (PDF) here » March 23, 2020 GREYCOURT NEWS A Letter from our Chairman Download the letter (PDF) here » Gregory Curtis | March 10, 2020 POINT OF VIEW Flash Report February 2020 Download Flash Report Here March 2, 2020 POINT OF VIEW Flash Report January 2020 Download Flash Report Here February 3, 2020 WHITE PAPERS White Paper No. 64: Socially Responsible Investing for Families Socially responsible investing is a fast-evolving area of interest for wealthy families. It can come in many forms and there is a fair degree of complexity involved for families trying to implement a responsible investing program. Greycourt’s latest white paper – Socially Responsible Investing for Families – examines some of the important factors for investors… Gregory Curtis, Kristi Combs | January 7, 2020 POINT OF VIEW Flash Report December 2019 Download Flash Report Here January 2, 2020 POINT OF VIEW Flash Report November 2019 Download Flash Report Here December 2, 2019 WHAT WE ARE READING International Monetary Relations: Taking Finance Seriously – Maurice Obstfeld and Alan M. Taylor Download the (PDF) here » November 25, 2019 WHAT WE ARE READING Affordable Housing in Los Angeles: Delivering More and Doing it Faster – McKinsey Global Institute – November 2019 Download the (PDF) here » November 25, 2019 WHAT WE ARE READING Musings on Markets – Blog by Aswath Damodaran Download the (PDF) here » November 18, 2019 WHAT WE ARE READING The Future of Asia – McKinsey Global Institute – September 2019 Download the (PDF) here » November 12, 2019 POINT OF VIEW Flash Report October 2019 Download Flash Report Here November 1, 2019 WHAT WE ARE READING The ‘Genetic Defect’ in Active Management, Institutional Investor, Julie Segal Download the update (PDF) here » October 22, 2019 POINT OF VIEW Flash Report September 2019 Download Flash Report Here October 1, 2019 WHAT WE ARE READING 8 Experts Every Family Office Should Have Now – Jackie Cooperman, Worth POINT OF VIEW Flash Report August 2019 Download Flash Report Here September 3, 2019 WHAT WE ARE READING This Week in Muniland – Alliance Bernstein Download the update (PDF) here » August 19, 2019 POINT OF VIEW Truckin’ and the Contrary Investor Download the update (PDF) here » Jim Foster | August 16, 2019 POINT OF VIEW Flash Report July 2019 Download Flash Report Here August 1, 2019 WHAT WE ARE READING Reconciling Fiduciary Duty and Social Conscience: The Law and Economics of ESG Investing by a Trustee Download the update (PDF) here » July 8, 2019 POINT OF VIEW Flash Report June 2019 Download Flash Report Here July 1, 2019 WHAT WE ARE READING Did the 2017 Tax Reform Discriminate against Blue State Voters? Download the update (PDF) here » June 24, 2019 POINT OF VIEW Flash Report May 2019 Download Flash Report Here June 3, 2019 WHAT WE ARE READING Is a leverage reckoning coming? McKinsey & Company May 2019 Download the article (PDF) here » May 15, 2019 WHAT WE ARE READING What’s Happening with the US-China Trade Negotiations Download the update (PDF) here » Jim Foster | May 10, 2019 POINT OF VIEW Flash Report April 2019 Download Flash Report Here May 1, 2019 POINT OF VIEW Flash Report March 2019 Download Flash Report Here April 1, 2019 CASE STUDIES Serving as an outsourced research resource WHAT WE ARE READING Globalization in Transition — The Future of Trade and Value Chains, McKinsey & Company, January 2019 Download the article (PDF) here » March 11, 2019 POINT OF VIEW Flash Report February 2019 Download Flash Report Here March 1, 2019 POINT OF VIEW Flash Report January 2019 Download Flash Report Here February 1, 2019 WHAT WE ARE READING Forget the Trade War. China is Already in Crisis – Bloomberg POINT OF VIEW Flash Report December 2018 Download Flash Report Here January 2, 2019 POINT OF VIEW Flash Report November 2018 Download Flash Report Here December 3, 2018 POINT OF VIEW Flash Report October 2018 Download Flash Report Here November 1, 2018 CASE STUDIES Diversifying around a concentrated stock position WHAT WE ARE READING The huge ‘blackout’ that may be deepening market turbulence – CNN Business WHAT WE ARE READING Has the derivatives volcano already begun to erupt? – Asia Times POINT OF VIEW Flash Report September 2018 Download Flash Report Here October 1, 2018 WHAT WE ARE READING Why the Traditional Way of Measuring ‘Value’ Stocks May Be History – WSJ POINT OF VIEW Flash Report August 2018 Download Flash Report Here September 18, 2018 WHAT WE ARE READING Leveraged-Loan Lovefest Will End in Heartbreak WHITE PAPERS White Paper No. 62: Quantifying the Value of Tax-Aware Decision Making What are some common strategies used to optimize after-tax returns and exactly how valuable are they to a client’s portfolio? Is tax-loss harvesting more valuable than after-tax portfolio design? How can we determine the value of asset location strategies? These are critically important questions for clients and their advisors which we explore in our latest… Greg Friedman, Jeff Moyer | July 31, 2017 GREYCOURT NEWS Greycourt Hires Mark Thomas, Senior Manager Research Professional WHITE PAPERS White Paper No. 61: Should You be Worried about Liquidity in the Markets? How concerned should you be about market liquidity? What sectors of the markets would be most affected in a liquidity crisis and how might such a crisis begin? Is contagion to other market sectors a real concern? These are important questions for investors, however their portfolios are currently deployed. Download the white paper here » Gregory Curtis, Matthew Litwin | October 26, 2015 WHITE PAPERS White Paper No. 60: How Wealth Advisors Add Value Since the Financial Crisis, investor confidence in their advisors has plummeted. Clients are wondering exactly what it is that advisors are doing for them and how to measure how well they are doing it. In this white paper, Greycourt outlines in detail the types of advice wealth advisors should be giving, and how clients can… Gregory Curtis, , Jeff Moyer | October 6, 2014 WHITE PAPERS White Paper No. 57: Actively Passive Despite the fact that over the past decade most long-only active equity managers have failed to produce attractive returns (after taxes, fees and inflation), investors continue to hire and hold these kinds of investments. Our latest white paper examines the decades of underperformance of active managers and possible explanations for the underperformance, as well as… Greg Friedman | October 8, 2013 WHITE PAPERS White Paper No. 55: Yale versus Norway – Implications for Family Investors Most investors are well aware of the exceptional track record compiled by Yale University under the leadership of CIO David Swensen. But we suspect that far fewer investors are familiar with the Norway Government Pension Fund (NGPF), which can fairly be viewed as the “anti-Yale.” The NGPF is now the largest sovereign wealth fund in… Gregory Curtis | September 15, 2012 WHITE PAPERS White Paper No. 33: Much Ado About Bonds Many investors have expressed alarm over the impact that rising rates may have on their existing bond portfolios. In the enclosed white paper, Greycourt examines the impact of rate rises on bond values and evaluates several alternative strategies. We hope you find the white paper useful. Download the white paper here » Greg Friedman | April 11, 2004 WHITE PAPERS White Paper No. 29: Numeracy, Innumeracy and Hard Slogging Nearly twenty years ago the eminent ecologist, Garrett Hardin, bemoaned our lack of “numeracy.” Download the white paper here » Gregory Curtis | April 17, 2003 WHITE PAPERS White Paper No. 24: A Modest Proposal The problem of financial conflicts of interest is a perfect example of our ability to understand a concept intellectually but fail to grasp its full significance. This white paper explores examples of conflicts we knew existed, but the consequences of which were monstrously underestimated. Download the white paper here » Gregory Curtis | February 12, 2003 Form ADV Part 2A Form ADV Part 3 (Form CRS) Privacy Policy Disclosure of Indices © greycourt & co., inc. 2021. all rights reserved.