Insights for Advisors Navigating a Complex Market
June has been full of developments, from global equity leadership shifts to fresh macro narratives. Here’s a recap of the top investment insights and strategy updates we've shared this month. We also have a special OCIO partnership announcement to highlight.
International Equities Take the Lead
For only the second time in over a decade, developed international equities are outperforming their U.S. counterparts. We discussed the catalysts, including more attractive valuations, currency tailwinds, and earnings momentum, and what this shift means for portfolio construction going forward.
The Treasury Takeover
Treasuries now account for over 50% of U.S. fixed income portfolios, a dramatic change from 2020’s 30%. This post explored the structural drivers behind this move and how we’re thinking about interest rate risk and duration exposure in OCIO portfolios.
Are We in a Stagflation Regime or a Productivity Boom?
AI-powered productivity gains are colliding with stubborn inflation and slow growth concerns. This post asked: are we heading toward stagflation, or are we underestimating the upside of technological transformation? We laid out signals to watch and their portfolio implications.
What the Latest Jobs Report Tells Us (and Doesn’t)
While the headline jobs number was strong, deeper metrics (like the household survey and full-time vs. part-time splits) tell a more nuanced story. We unpacked how labor data is evolving and what that might mean for inflation expectations and Fed policy.
Tax-Aware Long/Short: More Than Just Alpha
130/30 strategies have often been seen as tools for alpha, but they also offer compelling tax-aware applications. By realizing losses while preserving market exposure, these strategies can support after-tax return goals in taxable accounts. This is an increasingly relevant need for high-net-worth clients.
Strategy in Focus: Size & Style Responsive
Our May SSR commentary reviewed how macro signals impacted small-cap exposure and growth/value tilts. Despite growth dominance, the strategy maintained alignment with market signals while staying nimble in the face of macro uncertainty.
Interval Funds: A Tool for Private Credit Access
Private credit has been growing, but access remains a challenge for many advisory practices. This post reviewed how interval funds offer exposure to the illiquidity premium while maintaining operational simplicity and platform compatibility.
OCIO in Action: Welcoming Fusion Capital Management
📌 Burney Fusion Partnership Announcement
We’re excited to announce that Fusion Capital Management has selected Burney as their OCIO partner. It’s a testament to our ability to scale personalized investment support while delivering institutional-grade research and tax-aware implementation.
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