August 3, 2016—In the early days of the Affordable Care Act (ACA), conventional wisdom held that by this time—six years after its passage—hospitals would be well down the road in their transition from fee-for-service payment models to value-based, population health models. Stressors from that shift would be evident in hospital financial performance as would the effects of cuts in Medicare payments.
July 29, 2016—Our Investment Committee (IC) decided this week to close the underweight to emerging markets (EM) equities we had initially adopted in 2013. Our clients have benefited from this underweight, as EM equities had generally underperformed broad international and global stock market indices.
July 26, 2016—As a follow-up to Friday’s blog post, Oil and the Dollar and the Chicken and the Egg, we wanted to provide an update regarding the underlying supply/demand fundamentals within the oil market that shape our bullish view on the prospects for the commodity.Despite the recent decline in oil prices, we think the groundwork has been laid for a multi-year recovery.