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Advisor Perspectives
Advisor Perspectives
Insights into the world of high- and ultra-high net worth investing
April 15, 2008- Vol 2, Issue 16
 
 
 
 
 
 
 
 
 
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Over 100 senior executives from the financial services industry gathered last week in New York for Tiburon Strategic Advisor's CEO Summit XIV.  Chip Roame, Tiburon's Managing Principal, delivered the keynote address, analyzing key trends over the last year, including the impact of the housing crisis on retirement savings.

Ron Insana of CNBC delivered the keynote address at last week's Reuters AdvicePoint conference in New York.  Ron addressed the current crisis and how soon he expects the markets to emerge.

Guest contributor Robert Pardes offers his prescription for the housing crisis, explaining why the focus should be on liquidity, not interest rates, and the role the various agencies should play in reviving the housing market.

Ron Surz provides his award-winning market analysis of global market performance for Q1 of 2008, including results from hedge funds and target date funds.

Economists at PriceWaterhouse Coopers released their projections for the world economies over the next 45 years.  The data shows the US economy playing a smaller but still dominant role, along with China and India, while many European countries lose ground.

Our Letters to the Editor contains an exchange on the "active versus passive" debate - can skillful active managers be identified, in advance, with analytical techniques?

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Tiburon CEO Summit XIV - Chip Roame: "The News is Noise"

Baby boomers had "saved" for their retirement by assuming they could liquefy their homes and retire on the equity.  The collapse of the housing market negates this strategy, and that will be the lasting impact of the prior year's events, according to Chip Roame.  We summarize Roame's remarks and provide our own thoughts on his thesis.

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Ron Insana: "After the Mauling of the Bear, Has the Bull Market Begun?"

CNBC contributor Ron Insana refers to the sub-prime crisis as the "tip of a fuse that goes to multiple incendiary devices."  In his keynote address at Reuters' AdvicePoint conference, he looks at the current crisis and whether the failure of Bear Stearns represented a "cathartic bottom" for the markets.

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Economic Recovery: Treat the Disease, Not the Symptoms

Guest contributor Robert Pardes lays out a practical and cohesive plan for the housing crisis.  He calls for greater inclusion of market participants who are "closer to where the rubber meets the road on Wall Street, Main Street and in Washington."

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No Place to Run, Except...

Ron Surz surveys the damage to investor returns over the first quarter of this year, showing that only some hedge fund strategies offered a safe haven.  Surz also shows how target date funds fared under adverse conditions.

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A 45 Year Forecast for the World Economies


Over the next 45 years, Vietnam and Nigeria may emerge as the premier developing economies.  Pricewaterhouse Coopers, in their newly released study The World in 2050: Beyond the BRICs: A broader look at emerging market growth prospects, offers this prediction, as well as many others, as part of their macroeconomic forecast for the world markets.

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Letter to the Editor: Active versus Passive Management
 
A reader challenges the assertion that skillful active managers can be identified, in advance, through analytical tools, and Henry Schwartzberg offers his response.

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Free Peter Bernstein Book: Against the Gods: The Remarkable Story of Risk

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