Ashby Monk

Los Gatos

Co-Host at Free Money with Sloane and Ashby

Research Director @StanfordLTI, Head of Research @Addepar My latest book: https://t.co/wp6hDoty9m…

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Articles

Carbon Returns across the Globe

Oct 21, 2024 | onlinelibrary.wiley.com | Shaojun Zhang |Ashby Monk

The pricing of carbon transition risk is a central question as investors consider climate-aware investments. Theoretically, brown firms are more exposed to policy risk during the transition to net zero and should earn higher expected returns in equilibrium (Hsu, Li, and Tsou, 2023). Green firms, however, can outperform when policy shocks kick in, consumer attention turns, and investor tastes shift in transition to net-zero (Pastor, Stambaugh, and Taylor, 2021).
Why the Future Looks Bright for CRE Services

Apr 12, 2023 | institutionalinvestor.com | Ashby Monk

Popular media outlets often reinforce a message that the pandemic has left the U.S. commercial real estate (CRE) sector grievously damaged, especially in cities.
The Unexpected Way Allocators Can Always Have Cash to Invest in Bear Markets

Apr 10, 2023 | institutionalinvestor.com | Julie Segal |Ashby Monk

Tony Yoseloff, chief investment officer at Davidson Kempner Capital Management, wants investors to think differently about opportunistic credit. Not only do these strategies — which invest in mispriced and distressed assets — offer potentially attractive returns over the long term, but Yoseloff says allocators can also add opportunistic credit to ensure their ability to continually fund capital calls on growth equity and venture capital funds in down markets.
Why So Many Superannuation Funds Are Merging

Apr 5, 2023 | institutionalinvestor.com | Alicia McElhaney |Ashby Monk |Frances Denmark

A flurry of mergers are taking place among Australian superannuation funds. The most recent of these deals was revealed Monday by Mercer. The consulting and outsourced chief investment officer firm, which also operates a superannuation fund, announced that it was merging with BT Super to create a A$63 billion (US$42.3 billion) defined contribution fund for Australians.
This Manager Only Wants to Invest in Ideas That Can’t Be Scaled

Mar 8, 2023 | institutionalinvestor.com | Michael Thrasher |Ashby Monk

Dave Daglio, the former chief investment officer at Mellon Investments, has started a new asset management firm focused on episodic opportunities that can vary widely over time. Daglio named the firm BC-GUMPS. While not exactly catchy, it does get at the founder’s idea. BC-GUMPS is an aviation acronym that pilots use to help them safely land a plane. The manager’s first fund, which is set to launch this spring, may not instill confidence in the economy.