Ballentine Bulletin, April 2022
Impact Issue in Celebration of Earth Day
In the News
Ballentine Partners Publishes Third Annual Impact Report
Each year we write this report to summarize our progress, hold ourselves accountable, and to share our learnings and evolution as a business. We hope you will enjoy reading this, and, as we always do, we seek feedback, suggestions, and wisdom from others.
Ballentine Partners Announces Two New Partners
Ballentine Partners is delighted to announce two new partners: Senior Client Advisor Emily Cashman and Director of Private Investing Elisa Lustig. This brings our total number of employee owners to 21 and our partner to employee ratio to 20%.
For What It's Worth
We are delighted to be publishing a new blog series For What It's Worth from our Deputy Chief Investment Officer Pete Chiappinelli.
Chairman Powell, Meet Mike*, a Leading Inflation Indicator
All through 2021, even into the late fall — the “market” and the Fed — kept thinking that while, yes, recent inflation numbers looked elevated, inflation would settle down into normal ranges in relatively short order.
My son was telling me otherwise.
Zero to Ninety… in Sixty Days
How fast can the market change its mind on interest rates? Head-spinningly fast, as it turns out!
Equities & Inflation Pass-through: How the Big Ragu got Smaller
They rolled out the new jar, monitoring for any drop in sales volume. Nothing happened. It had worked. And true to the competitive capitalism idea, every single one of our competitors followed suit within the next four to five months.
The Agg and the Agony of A Lost Decade
The Agg bond index just posted a 10-year negative real return. It can happen again. So creative thinking is still required.
What are we talking about? A lost decade for bonds, that’s what. Sure, there were a few headlines about bonds having a tough quarter, but nothing about the real story.
What We're Thinking
Hopefully Helpful Reading Suggestions
Let’s face it. Many business books should have been produced as short articles rather than 200 page books, or not written at all. But, there are a few gems. Here we mention some of our favorites.
What's New at Ballentine
We're so pleased to welcome the following team members who have joined us this year:
Pete Chiappinelli, CFA,CAIA
Pete joined us in February as a Deputy Chief Investment Officer.
Leor Radbil, MBA
Leor joined us in March as a Operations Manager for Private Investments.