Documents tagged "Portfolios"
Found 2 documents with this tag
HOUSE_OVERSIGHT_030840.txt
Richard Madigan is the Chief Investment Officer of J.P. Morgan Private Bank. He previously oversaw $16 billion in client assets as CIO of Global Access Portfolios and has been a part of the investment team at the Private Bank since 2004. In his new role, he plans to regularly communicate market views and investment themes with clients through written notes. Madigan references the Talking Heads song "Once in a Lifetime" in reflecting on recent U.S. elections and the outcome across Congress, state governorships, and the presidential popular vote.
HOUSE_OVERSIGHT_030808.txt
The document discusses the US Balanced portfolio and its allocation across various asset classes such as equities, high yield, leveraged loans, structured credit, emerging market FX, core bonds, inflation, cash, private equity, real estate, and hedge funds. It highlights key factors affecting these allocations like healthy private sector profits, problems left over from the recession, interventions by world's legislatures, treasuries, central banks, and multilateral agencies. The document also compares the situation with ancient Greek gods, stating that we are getting closer to their twilight, a time when they may run out of ammunition or cause more problems. It mentions holding 10-15% less equities than usual at this point in the business cycle and positions for single-digit returns on equities.