For decades, the oil industry was defined by reinvestment. When prices were high, cash was recycled into new exploration, drilling and supply. The past 10 years broke the cycle. Over the past decade, large-cap oil and gas companies have generated extraordinary cash flows, yet much of that money was diverted into green-energy initiatives, and even more into shareholder distributions through dividends and buybacks. At first glance, this seems ...

When it comes to investing in senior housing, market-rate and luxury developments get the attention. This makes sense given that baby boomers control a massive amount of wealth, around $85 trillion in U.S. household assets — roughly half of the nation’s total wealth — according to data from the Federal Reserve. Yet, looking at a multi-trillion-dollar number gives an overly rosy impression of this aging cohort.

You are thinking either to flee the office sector entirely or to double down on trophy assets. Five years into the pandemic-accelerated transformation of workplace patterns, a more nuanced truth is emerging. The real opportunity in today’s office market lies not in choosing sides, but in recognizing when quality assets have served their strategic purpose within a portfolio, even when they are performing well. This is not about distress or capitulation. It is about ...

Smart money invests ahead of growth, and the tide is turning in the multifamily space and revealing new potential opportunities for investors ready to seize them. Here’s why: Multifamily construction starts have fallen off a cliff — down roughly 30 percent from their peak of about 518,000 starts in first quarter 2022, according to the Federal Reserve Bank of St. Louis. This is setting up a pronounced ...

Should you have cash in your portfolio? It depends. Many investors don’t need to load up on cash if they are saving for long-term goals, but cash plays a critical role for retirees and other investors with shorter-term spending needs. Cash is broadly used to describe not only hard currency but other safe, liquid holdings, such as Treasury bills, money market funds and bank accounts. There are a lot of these assets out there. Based on the most recent quarterly report from the Federal Reserve, U.S. households own ...

For the past 15 years, senior housing proponents have been impatiently eyeing the aging baby boomer cohort. In 2011 the chant began: “Baby boomers are turning 65 — time to invest in senior housing.” But those recent retirees had better things to do than move into age-restricted or assisted-living communities. Then it was, “They’re turning 70!” Then, “They’re turning 75!” And each time, investors were ...

After a five-year period of volatility in commercial real estate returns, U.S. real estate, broadly defined, is reemerging as an appealing area within private markets. Unlike the days of COVID-19, when U.S. office buildings stood empty and a bruising rate-hiking cycle led to a correction in real estate valuations, opportunities are emerging in new and unexpected pockets of the market. Housing affordability concerns are spurring a generational shift toward ...

Sometimes a man is known by the company he keeps. It could be a political and academic luminary such as Roger Porter, or those regarded as lions of Wall Street, such as Bill Schreyer, James Gorman, Brian Moynihan and Citi CEO Jane Fraser, the latter of whom Andy Sieg finds himself in league with near the top of one of the world’s largest banks, where he serves as head of wealth. The very name Citi connotes clout. Perhaps no recent event epitomized the power and influence of the nation’s third-largest bank more than ...

The 2025 International Tax Competitive Index, produced by the Tax Foundation, assesses the structure of a country’s tax code as a determining factor of its economic performance. A well-structured tax code is easy for taxpayers to comply with and can promote economic development while raising sufficient revenue for a government’s priorities. In contrast, poorly structured tax systems can ...

Reid Buckley, a partner at Orion Renewable Energy Group: “In most cases, renewable-energy projects are built on leased agricultural land, so we spent a lot of time literally sitting at kitchen tables talking to landowners. Oftentimes, when we were describing what we wanted to do, it was the first time they were hearing about wind power. When we talked with a county commissioner or a state official, it was about whether they even had a process for permitting a renewable-energy project.”

Apollo writes that sports are no longer just culture or entertainment; they are a scalable, investable asset class. In its latest paper, titled The Financing Gap in Sports: Unlocking a $2.5 Trillion Opportunity, the firm details its perspective. Download a copy here ...

Rapid technological innovation and evolving supervisory priorities are influencing regulatory activity, reports KPMG. Organizations face a complex “regulatory stack” requiring balance between innovation and control, speed and resilience, and modernization and stability. KPMG has enumerated 10 key regulatory challenges of 2026 that it projects, based on regulatory signals observed in 2025, are risk areas. They include ...

We spent the early days of October zig-zagging across New Zealand and Australia, where every meeting seemed to begin — and often end — with the same subject. Gold, gold and more gold. The fever was unmistakable. With the metal sailing through record highs in 2024 and 2025, investors wanted reassurance, explanation, prediction — anything that might make the ascent feel less like scaling a sheer rock wall without a rope.

As projections of U.S. electricity demand rise sharply, President Donald Trump is looking to coal — historically a dominant force in the U.S. energy economy — as a key part of the solution. In an April 2025 executive order, for instance, Trump used emergency powers to direct the Department of Energy to order the owners of coal-fired power plants that were slated to be shut down to keep the plants running. He also ...

In today’s competitive marketplace for alternative investments, advisers and sponsors face mounting pressure to deliver what investors crave: steady, attractive income. For nontraded REITs and similar private real estate programs, that often means promising a 6 percent annual distribution — sometimes marketed as “tax-efficient” or “largely tax-free.” On the surface, this sounds like a ...

A generation ago, a single income could support a family, buy a house, and pay for a vehicle or two in the driveway. Today, even two high earners are struggling to purchase a new home. According to a recent report from Bankrate, a household earning $80,000 a year is now priced out of 75 percent of all new homes on the market. A family now needs to earn at least ...

You might not know it from the headlines, but there is some good news about the global fight against climate change. A decade ago, the cheapest way to meet growing demand for electricity was to build more coal or natural gas power plants. Not anymore. Solar and wind power aren’t just better for the climate; they’re also less expensive today than fossil fuels at utility scale, and they’re less harmful to people’s health.

An AI-native RIA is not a firm with a shiny new tool. It is a firm whose day-to-day work has been quietly re-wired so software does the heavy lifting in the background and people stay focused on judgment, relationships and stewardship. In that world, independence is no longer just about which custodian or platform you sit on. It is about whether you ...

David Scherer, co-CEO of Origin Investments, says investors willing to take risks will be rewarded.

According to Indraneel Karlekar, managing global head of investment research at Clarion Partners, the U.S. commercial real estate market is embarking on a new cycle.

Concerns over an AI “bubble” grew during 2025, and that anxiety is expected to continue into 2026. However, according to Adam Liebman, executive director — investment strategist at Accordant, most industry experts believe in the long-term value creation of generative AI.