Fixed Income Investors Take Iran War in Stride
The blue line in the chart below shows the drawdown in the S&P 500 from its trailing 12-month high. The red line shows the percent increase in the ratio between the yield on Moody’s BAA bond index and the 10-year Treasury yield from its trailing 12-month low. The ratio sounds complicated, but the interpretation is straightforward. Fixed income investors have often […]
A Framework For Liquidity Management in Institutional Portfolios
Liquidity is one of the most important, and often underappreciated, drivers of portfolio resilience in institutional investing. Institutional portfolio liquidity management plays a vital role in maintaining that resilience. For many institutions, that challenge has become more visible in recent years as allocations to private markets have grown, distributions have slowed, and portfolio weights have […]
Quarterly Comments Q1 2026: Shock and Resilience
Market Highlights • Iran Conflict Shakes Markets: On February 28, the US and Israel launched coordinated strikes against Iran, closing the Strait of Hormuz and triggering the largest oil supply disruption in global history. Brent crude oil prices roughly doubled from ~$60 to ~$119/barrel. • S&P 500 Posts Worst Quarter Since 2022: The S&P 500 […]
Second Quarter Tax Moves That Matter Most
Effective second quarter tax planning gives you time to adjust your strategy before year-end deadlines limit your options. Acting early allows you to reduce tax liability, improve cash flow, and align financial decisions with your long-term goals. Review Your Tax Return and Take Action Filing your return should trigger analysis, not amnesia. A strong second […]
Why Leaders Must Perform a Regular 401(k) Plan Audit
A thoughtful 401(k) plan audit is no longer just a compliance exercise, it’s a critical responsibility for today’s business leaders. Strong governance extends far beyond financial reporting and executive oversight. One of the most impactful, and often overlooked, duties leaders carry is ensuring their retirement plan is regularly reviewed and aligned with employees’ best interests. […]
Small Cap vs Mid Cap vs Large Cap: Key Differences for Investors
Understanding the difference between small cap vs mid cap vs large cap stocks is an important part of building a diversified investment portfolio. These categories reflect the size of a company and often influence its growth potential, volatility, and overall risk profile. Market capitalization, commonly called market cap, represents the total value of a company’s […]
The Role of SMAs in Volatile Markets
Market volatility has become a recurring feature of modern investing. Periods of rapid price swings, shifting interest rates, and geopolitical uncertainty can create challenges for both investors and advisors. In this environment, SMAs in volatile markets can offer several advantages compared with pooled investment vehicles. Separately managed accounts allow advisors and portfolio managers to adjust […]
Professional Fund Management: A Disciplined Approach to Long-Term Outcomes
Fund Management: Strategies for Long-Term Investing Effective fund management focuses on building portfolios designed to grow over time while managing risk. Rather than reacting to daily market headlines, professional managers rely on a structured process that guides investment decisions. Successful fund management typically includes clear research methods, diversification, risk management, and ongoing portfolio review. While […]
Growth Investing: Strategies to Consider for Long-Term Investors
Investors often seek opportunities that offer the potential for long-term portfolio growth. One approach that attracts attention is allocating to growth investing strategies, which are a strategies focused on companies expected to expand their revenues, earnings, or market share over time. While growth investing strategies can play an important role in a diversified portfolio, it […]
JAG Fixed Income Thematic Insights: Q1 2026
March 2026 Investing in Transformation That Matters Why Your Mortgage Rate Isn’t Just About the Fed Bond markets have been, by their own standards, relatively quiet of late — a welcome reminder that uneventful, in fixed income, is usually the point. We thought this moment was as good as any to step slightly outside our […]