I expect to see a significant global economic slowdown in the next 12 months, with a high chance of a recession around this time next year. ... read more

We recently attended the Gartner Security & Risk Management Summit held just outside Washington, D.C. The Washington, D.C. area was an appropriate host for the conference given all of the internet security concerns raised by the current U.S. administration, including the security ban directed at China-based telecommunication equipment vendor Huawei Technologies Co. Ltd.... read more

With everything going on in macro land and energy land, I wanted to give you a quick update on what we?re seeing on the fixed-income/bonds aspect of some of the energy companies we own. ... read more

Whether by design or accident, the trade negotiations between the U.S. and China took a turn for the worse a few weeks ago. Were it not for the subsequent tweets, comments and actions by both countries, one could have dismissed the early-May breakdown in talks as a hiccup or simply negotiation tactics. But as it stands, it seems increasingly likely the U.S.-China dispute is not going to be resolved any time soon. Unlike last year, when China went out of its way to re-engage the U.S. after the Trump administration threatened and eventually implemented higher tariffs, Chinese officials responded much more combative this time around. ... read more

Following one of the worst year-end routs for risk assets in a long while in the fourth quarter of 2018, markets rebounded tremendously to start 2019, returning most equity markets to levels roughly in line with where they were last September.... read more

Signature?s global depth and breadth provides us with access to unique investment opportunities. We recently participated as an anchor investor in Embassy Office Parks REIT, the first-ever Indian REIT IPO and the largest REIT in Asia by square footage.... read more

Brexit means Brexit.? ? British Prime Minister Theresa May, July 11, 2016 (and repeated numerous times since). It sounded so simple, but to any observer it was anything but. So here we are in the late stages of this tortuous saga when anything is still possible.... read more