From the Current Issue

Catch me if you can: U.S. renewables will continue to grow following presidential election

by Gianluca Minella and Priyanka Kandula

The 2024 U.S. presidential election has ushered in a new Republican administration, raising questions about the future of renewable-energy subsidies under the Inflation Reduction Act (IRA). While president-elect Donald Trump has suggested revisiting unspent IRA funds, we believe the economic and political realities make significant retroactive changes to renewables subsidies unlikely.

From the Current Issue

As good as it gets? How investors can get what they want from managers

by Geoffrey Dohrmann

Intuitively, we tend to assume that an investment manager who consistently has outperformed the benchmark is likely to continue to outperform the benchmark. We also tend to assume that a manager with its own capital at risk is more likely to have its interests aligned with the interests of its investor clients. To the best of my knowledge, there’s absolutely zero evidence to support either of these contentions.