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Most of the financial press has reported that the bulk of write-offs
related to the mortgage crisis are
behind us. But Robert Pardes writes an enlightening analysis of why
this is not the case. Recourse exposure will force financial
institutions to write off additional billions of dollars in loans
previously securitized.
Janus provides a white paper on global
real estate, showing how advisors can benefit from strategies
being employed by institutional managers and private equity funds. We
welcome Janus as an advertiser.
Despite the market turmoil over the past several months, and the
corresponding dramatic fall in the price of many stocks, concentrated, low basis stock positions
continue to constitute a significant percentage of the net worth of many investors
and families. Scott Welch of Fortigent reviews the strategies
advisors can use in today's markets.
Benchmarking the performance of individual asset classes is a way of life
for advisors, but very few benchmarks exist for gauging the performance of
a portfolio across multiple asset classes.
Craig Israelsen shows how this can be done through new research he has
published.
We have several letters to the Editor. One reader challenges Dick
Vodra's views in last week's issue on peak
oil and energy policy. Another reader comments on our
interview with Ken French on the cost of
active management. And two readers write in with
some unsolicited compliments.
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