Energy storage is having its moment. Global deployment has set new records every year since 2014 and exceeded 100 gigawatts of annual additions for the first time in 2025. Annual additions of energy storage, excluding pumped hydro, reached 112 gigawatts in 2025, up 48 percent from 2024, with 307 gigawatt-hours of batteries added worldwide. It only took four years for energy storage to increase annual additions to more than ...

For decades, portfolio reporting systems used by private wealth advisers were designed around a relatively narrow problem: aggregating public market securities held at one or more custodians and producing periodic performance reports that clients could understand and regulators could audit. That problem has largely been ...

While real estate is the third-largest asset class in the United States, defined contribution (DC) retirement plans currently hold only a small fraction of their assets in private real estate, relying primarily on public REITs. In contrast, defined benefit (DB) plans and other institutional investors allocate most of their real estate exposure to private holdings. Tripp Braillard, head of DC distribution at Clarion, recently explained the potential for ...

Seth Bernstein is asking questions, asking questions of me, and the clock is ticking. I only have 75 minutes to extrude enough information from this Manhattanite to render a profile that is a reasonable facsimile of the personal and professional dimensions of the man. Before I can get started, he wants to know who I am, where I’m from and where I went to school, succeeded by follow-up questions. I remind myself that ...

For generations, the gospel of commercial real estate was simple: location, location, location. “Main and Main” — that coveted intersection of heavy automobile traffic and rail commuter lines — was the essential first criterion for any shopping center, department store, warehouse or office building. Get the address right and tenants would follow. That calculus is over. Access to reliable heavy power has ...

Construction wasn’t always playing catch-up. Between the late 1940s and 1970, U.S. homebuilders industrialized the home construction process. At peak production, the Levitt organization was reportedly completing a new house every 16 minutes, according to Edward Berenson, a history professor at New York University, who wrote about it in a 2025 piece for the Yale University Press. This was made possible by a combination of specialized crews, preassembled components, and FHA and GI Bill financing, which ...

Stick-built construction has been the housing industry’s modus operandi for decades. But an explosion of new technology — from AI-enabled design and 3D printing to micro-factories and smart materials — has the potential to usher in a new era of housing construction — and that innovation promises meaningful investment benefits.

Just as compounding returns can deliver large gains for investors over time, compounding flaws can frustrate their aims. For high earners especially, multiple layers of taxation can become a collective “silent fee” on long-term wealth. While some inefficiencies are small individually, they can add up to a significant drag over time. The key is to ...

Winfield Evens, vice president of financial services at Alight Solutions, on the inclusion of alternatives in defined contribution plans: “We have not heard plan sponsors giving us feedback that this is a change they’re looking to embrace in the very near term. But my suspicion is that over time we’ll see more and more funds that fit in this broad category of alternative assets making their way into DC plans of all sizes.”

In its second Convergence podcast episode on the merging of private and public credit markets, Apollo partners Brian Weinstein and John Cortese unpack how rapidly shifting conditions are ...

Clients often approach conversations about switching financial advisers with a sense of momentum. Something feels off. The relationship no longer fits. Performance disappoints, communication lags or life circumstances change. From the client’s perspective, the solution can appear deceptively simple: find a new adviser and move on.

The world is experiencing the largest oil supply disruption ever recorded, and financial markets are barely reacting. That is the stark conclusion of Goehring & Rozencwajg’s first-quarter 2026 market commentary, published by the natural resource investment firm. Managing partners Leigh Goehring and Adam Rozencwajg argue investors are dangerously underestimating the consequences of the Strait of Hormuz closure — and a severe ...

All digital assets aren’t created equal. Solana (SOL), like bitcoin and Ethereum, represents a step forward in the evolution of this innovative technology. The Solana blockchain, supported by its native cryptocurrency, SOL, is built for speed and scalability. Developers and consumers are only beginning to realize the business and societal applications. What is Solana, and where could it be heading? Why do we believe its ...

Real estate is a long-term business underwritten on short-term certainty. A sponsor structures a deal today on assumptions that will govern the asset for five, seven, perhaps 10 years — population growth, employment concentration, rental demand, retail traffic. Those assumptions are drawn from historical data. For most of the industry’s modern history, that was a reasonable methodology. Structural change moved slowly enough that the past was ...

Ken Shepard, managing director and head of specialty asset management at Bank of America Private Bank, explains.

In 2022, stocks and bonds both declined materially at the same time, challenging one of the foundational assumptions behind the traditional 60-40 portfolio.

Interval funds are opening up the world of private real assets to individual investors.