 |
|
Our Investment Management Team has written a number of White Papers touching on timely investment topics and describing Cornerstone's investment approach. Click on the white paper of interest to download the file in PDF format.
|
|
|
 |
|
Impact of FAS 157 for Investors
In the wake of the most serious financial crisis in the United States since the Great Depression, much has
been written about the requirement that companies write-down financial and other non-publicly traded
investment assets to extraordinary levels. FAS 157 is the accounting pronouncement that established the
rules to determine if a write-down is necessary. The purpose of this White Paper is to provide some
background on what FAS 157 is and what it was designed to do, as well as to shed some light on its impact to
investors. |
|
|
 |
|
Commercial Real Estate: 2010 Investing Opportunities
As the US stock market recovers from the “Great Recession,” investors in commercial real estate
(CRE) are experiencing a severe and historic downturn in the pricing of assets. Although market
conditions continue to be extremely challenging, the CRE environment is beginning to open great
opportunity for new capital. As Warren Buffett said, “Price is what you pay. Value is what you get.”
The discounted prices for CRE assets are creating significant opportunities. As it is with other capital
markets, many CRE investors will wait for clear signs of a recovery, however it is important focus on
value, as a “bottom” is only clearly evident in hindsight.
Private Equity: 2010 Investing Opportunities
Private equity firms focus on non-public company investments. Because private equity asset class has historically delivered volatile performance, many advisors believe it is appropriate only for aggressive investors. At Cornerstone, however, we believe our prudent, risk-aware approach enables many investors to allocate a portion of their portfolio to this asset class. We seek to capture private equity’s return potential while, at the same time, manage the portfolio risk.
Investing as a Fiduciary 101: What Every Board Member Should Know
As an Executive Director or member of the governing Board of Directors for a nonprofit organization, you automatically exercise authority or hold control over the management, administration or disposition of assets for which someone else is the beneficiary. While you likely joined the Board because you are personally supportive of its mission, this article highlights the issues and helps you to understand how you can better manage your investment responsibilities as a fiduciary of the organization.
Roth IRA Conversion: 2010 Planning Opportunities
Since its introduction in 1998, the Roth IRA has been heralded by the financial planning community as an excellent vehicle to encourage and enhance retirement savings. Though Roth IRAs have traditionally been the domain of lower to middle-income earners, the removal of the modified adjusted gross income and filing limitations in 2010 allows high net worth, high income individuals to consider utilizing Roth IRAs in their holistic financial and estate planning strategies.
Cornerstone's Public Equity Investing Approach
To help clients achieve their long-term financial objectives, Cornerstone often recommends that U.S. and international public equity be part of their portfolio. Cornerstone’s unique, risk-controlled public equity investing approach manages risk while delivering the potential for index-beating returns.
Cornerstone's Municipal Bond Investing Approach
Many advisors suggest passive approaches to managing municipal bond investments. However, Cornerstone believes that active, quality institutional management is superior. This paper seeks to describe our rationale. |
|
|
|
|
|
|
